When it comes time to renew your line of credit you might be wondering, what’s my banker thinking? For bankers, everything about your line of credit is analyzing any changes in risk. The financials tell a story about w
Most lines of credit mature five months after fiscal year end. For 12/31 companies that means the end of this month. Before your banker calls and schedules a closing for the renewal, there are 4 things you should know: &
Processes are supposed to help organizations scale and improve efficiency, but they can quickly get out of control. The flip side is a lack of processes can create inefficiencies. The lack of processes or process redunda
Your first quarter just ended. How was it? Any changes going on in your business? It’s easy for a business to do no analysis at all and assume whatever happens just happens. Others have spreadsheets ad nauseum and really
I can recall a time I was driving my car on the interstate, a daily occurrence for most Atlanta residents. Traffic was moving surprisingly well, and I needed to move over one lane. I put my signal on, looked in my side
Operating leverage measures a company’s fixed costs as a percentage of its total costs (fixed and variable). It is used to evaluate the break-even point of a business as well as the likely profit levels on individual sal
If you spend more time poring over financial statements instead of running your business, it’s time to make a change. Let the profitability coaches at McDermott Financial Solutions show you which levers to pull to drive profitability forward. With nearly a century of combined business management and commercial banking expertise, we’ll help you find and fix what’s holding you back and get you on your way to growth and profitability.
We would love to talk with you about your company – how it is functioning currently and where you would like to take it. We are confident that we can help you create or refine your financial plans, and coach you through the steps needed to realize your goals.
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