Staring as a Sign of Financial Distress

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The company had been in financial distress for some time.  The accounting staff was overwhelmed with vendor calls, and had gone so far as to print piles and piles of unsent checks in anticipation of some day, some how, being able to pay.  The salespeople, normally out on appointments, pleaded the plant manager to use […]

Can troubled companies “grow out” of their cash flow problems?

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  When I meet managers of companies who have been having problems with the bank—as in, “we-want-our-money-back-now” problems—often the CEO will take me aside and confide that the real problem is that the bank “distraction” is preventing the company from executing the firm’s long-contemplated growth strategy.   The CEO has a geographic expansion in mind, or […]