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It has taken some time, but the current pandemic has reached the point where distressed investing opportunities are beginning to appear. Generally, there are three types of buyers for distressed companies: Serial Investors, Newbie Investors, and profitable businesses that view distressed companies as an opportunity to expand. In today’s newsletter, we take a look at each and examine some dos and don’ts regarding their respective approaches. Read more… The post Distressed Investing Opportunities Are Back (October 2020) appeared first on Goodrich Associates.…
The pandemic has provided a pause with lenders and other creditors. If your business has survived, you may think there is little to worry about. Maybe that’s true. But true or not, this is a good point at which to consider the potential impact of COVID on your business as the ground continues to shift over the next several months. Today’s newsletter gets specific regarding how. Read more… The post Take Time Now to Assess Where You Stand (September 2020) appeared first on Goodrich Associates.…
The Fixed Charge Coverage Ratio (FCCR) is a measure of how much cash flow there is to cover fixed charges. If the ratio goes below 1, a business will go cash flow negative, absent additional financing, no matter how profitable it is. In today’s newsletter, we examine FCCR and provide suggestions for keeping yours high. Read more… The post The Fixed Charge Coverage Ratio – An Essential Tool for Managing Cash Flow (July 2020) appeared first on Goodrich Associates.…
Businesses are liquidated all the time and for a variety of reasons. Whatever the cause, there are all sorts of traps that can ensnare a business owner along the way. In today’s newsletter, we talk about uncovering, avoiding and minimizing the impact of these dangers Read more… The post How to Liquidate a Business (Without Getting Burned) (June 2020) appeared first on Goodrich Associates.…
A loan is in default when a borrower doesn’t perform as it is contracted to do. At its most basic, that means not making payments. But there are additional requirements (“covenants”) as well. In today’s newsletter we consider what to do if you are in danger of defaulting on your loan or loans. Read more… The post Loan Defaults — A Business Borrower’s Primer (May 2020) appeared first on Goodrich Associates.…
Businesses enter into agreements with other businesses all the time. But what should a business do when one or both parties can no longer honor the agreement and defaults? Today’s newsletter makes three recommendations: understand what you’ve agreed to, understand what your options are, and move forward honestly and transparently. Read more… The post Broken Agreements in a Time of Crisis (April 2020) appeared first on Goodrich Associates.…
From time to time, all businesses experience surprise disruptions. And while you may not be able to control the timing and intensity of unwelcome events, you can weather most of these through a timely dose of planning and a focus on the critical elements of your financial health. Today’s newsletter explains how. Read more… The post Financial Preparation In Times of Crisis (March 2020) appeared first on Goodrich Associates.…
I have talked about business processes before and how important they are. As I stated then, a good process means things happen consistently and efficiently and with no surprises. In today’s newsletter, we take a look at how to know and what to do when your business processes need revisiting. Read more… The post When Your Business Processes Need Fixing (February 2020) appeared first on Goodrich Associates.…
If you’ve been reading this newsletter for a while, you know that I lean heavily towards the analytical: data, facts, planning, etc. In practice, unfortunately, those are not always available in sufficient quality or quantity. In those situations — when analysis is not enough to make a wise decision — gut feel plays an important role. Read more… The post Gut feel… What It Is, When and How to Use It (January 2020) appeared first on Goodrich Associates.…