But what if our business doesn’t make enough money?

In working with a client recently, we were discussing their projections for the current year because they are looking to payout some higher interest debt on their balance sheet with less expensive debt that they thought might be available from a bank.  As we went through the math it became obvious to them that their projections were not going to be enough to meet the requirements of the bank.  As I sat with them going through some of the options, I thought I would share one of the easiest methods a business can use to sharpen up its numbers and make a better presentation to a bank. Continue reading “But what if our business doesn’t make enough money?”