By Barry A. Furman, Esquire The Paycheck Protection Program (“PPP”), created as part of the Coronavirus Aid, Relief, and Economic Security (“CARES Act”), authorized loans to certain businesses affected by the COVID-19 pandemic. If businesses use their PPP loans to pay qualified business expenses, the entire loan may be forgiven. CARES Act Section 1106(i) excludes […]
By Jeff Klein As an advisor for companies in the $5 to $20 million range, I work with business owners at various stages of exit strategy planning. Given their companies’ revenue, these leaders generally anticipate financially rewarding exits within desired timelines. This is the plan, but it doesn’t always work out according to plan. When […]
By René Smith Funding and exit strategies are critical to high-growth companies planning to sell (or potentially sell), even if a sale is still years down the road. It allows stakeholders to exit on their own terms, for top value. But readying a company for funding and exit is sometimes seen as an expensive burden. […]
By Beverly A. Prohaska Small business is the backbone of the U.S. economy and the driving force behind economic growth in our region. Thus, to say we are dependent on the success of small business is an understatement. They are our favorite restaurants and coffee shops, where we go for local services, and are run […]
By Beverly A. Prohaska For over ten years, large and small businesses alike have been talking about the importance of Digital Strategy. Those that have invested in digital solutions have reaped the rewards during the COVID-19 pandemic. Yet many organizations still struggle with developing and executing a sustainable digital strategy in an ever-changing landscape. First, […]
Sometimes you have to take a step back to move forward. In any business context, it is so easy to get absorbed in immediate project deadlines or the crisis of the day that we lose focus on the reason why we’re doing what we do, and that brings with it the risk of losing sight of […]
By Bill Morrow A crisis is always a turning point in any business. Throw in a worldwide pandemic that puts all companies into crisis mode (in one form or another) and you have the makings for a paradigm shift that will leave some business in a better position and others closing the doors. Let’s look […]