When reviewing financial statements, nonprofit board members and managers sometimes make the mistake of focusing solely on bottom-line figures. But financial statements also may include a wealth of information in their disclosures.
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Topics: Accounting Policies, Contingencies, Financial Statements, Fundraising, investments, Nonprofit, Uncategorized
The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, an Atlanta accounting and advisory firm, and is produced monthly by the Econometric Center at Kennesaw State University.
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — rose by 0.2 of a point from 62.5 to 62.7 in April.
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Topics: distribution, Georgia Manufacturing, PMI, Uncategorized
A willing and prepared seller is only one half of a transaction — and a long way from a done deal. Sellers need buyers, as well as a path to negotiate and close a deal.
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Topics: Accounting, Buyer Agreement, M&A, Mergers & Acquisitions, Tax, Uncategorized
Sell-side due diligence, or valuing the company’s assets and examining and documenting the health of the organization, is a fundamental component of the sale process. This procedure, even for small businesses, will help drive a selling price that satisfies ownership while reassuring a buyer of sufficient return on investment.
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Topics: Accounting Practices, Asset Valuation, Business Relationships, due diligence, Estimate Value, Market-based Valuation, Sales Forecasts, Uncategorized
Midmarket business owners consider sales, divestitures and spinoffs for a variety of reasons, both positive and negative. Fortunate triggers for a sale include opportunities to capitalize on strong acquisition markets or an owner’s planned retirement. Unhappier reasons include financial stresses (declining revenues, capital constraints or bankruptcy) or the sudden departure or demise of key leaders.
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Topics: distribution, M&A, manufacturing, Market Value, Mergers & Acquisitions, Uncategorized
Nonqualified deferred compensation (NQDC) plans can be a win-win for construction companies and their top managers. Under these contractual agreements, participants defer part of their salaries into a separate account that typically doesn’t pay out the funds until retirement, disability or death.
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Topics: NQDC Plan, Construction, Uncategorized
The U.S. Green Building Council (USGBC) recently released the fourth generation of its renowned energy efficient building design. The updated framework dramatically expands the types of structures that may qualify for Leadership in Energy and Environmental Design (LEED) certification and includes a comprehensive suite of Web-enabled project management and assessment tools for contractors. Let’s take a closer look at “LEED v4.”
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Topics: Construction, LEED, Uncategorized
For more than 50 years, a family-owned, midsize roofing company has operated out of the same 20,000-square-foot warehouse in an industrial area near a growing urban center. The building includes ample office space, as well as materials storage and a fenced-in lot for service vehicles and large equipment. But the facility was vulnerable to an uptick in local criminal activity — a risk that suddenly became all too clear.
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Topics: Construction, Uncategorized
Competitive intelligence is easy to joke about. “You mean corporate espionage,” many contractors might joke. Not exactly. Legally and ethically gathering relevant data on your competitors can be a valuable, productive practice. And construction companies can go about doing so in a variety of ways.
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Topics: Benchmarking, Construction, Uncategorized
For contractors, obtaining prompt payment upon completion can be difficult. Privately held construction companies in the United States waited 56 days for payment in 2013, according to financial analysts Sageworks. That’s more than 20% higher than all other private U.S. companies. This also marked a three-year high in 2013 — up from 54 days in 2012 and 52 days in 2011.
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Topics: Receivables, Construction, Uncategorized