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Archive for the ‘Cash Flow’ Category

My EBITDA is Bigger Than Yours . . .

Posted by Seth Elliott On September - 21 - 2010

Venture Capitalists, Investment Bankers and related professionals love to sprinkle their conversation with esoteric terms – most notably the fabled EBITDA and EBIT. Let’s examine the calculation of these items and, more importantly, why they are used. EBITDA stands for Earnings Before Interest, Taxes, Depreciation and Amortization. Although this can be calculated from the Net […]

The Income Statement

Posted by Seth Elliott On September - 14 - 2010

Continuing our discussion of key accounting and finance elements for entrepreneurs, let’s take a look at the components of a financial statement. It’s easiest to begin by examining the Income Statement. The Income Statement is what many people imagine when thinking of financial statements. Essentially, the Income Statement is the Profit and Loss statement (P&L) […]

Leaping the GAAP

Posted by Seth Elliott On September - 7 - 2010

One of my clients once said to me “When I first had to deal with accounting and financial statements, it made me want to cower in fear.” While that may not be the typical entrepreneur’s experience, it can sometimes feel like accounting processes were designed to be overly complicated and confusing. Today, we’ll examine GAAP […]

6 Tips for Bootstrapping Your Business

Posted by Seth Elliott On April - 14 - 2010

DSWS8QF8XU4B Today it’s easier and cheaper to start a business than ever before in history. The technological advancements of the last ten years, particular in the internet and telecommunications, have brought the capital needed for core business formation to unheard of levels. However, growing your business is a different story. Many businesses do require a […]

What To Do When Your Business Is Running Out Of Money

Posted by Seth Elliott On January - 19 - 2010

We spend a lot of time here at the Unchained Entrepreneur focusing on how to start and grow companies, as well as strategies for achieving person success. There is a dark underbelly to growing a company, however. The life of an entrepreneur is not always one of joy and unbounded enthusiasm. Today let’s examine what […]

7 Tips For Managing Cash Flow

Posted by Seth Elliott On November - 19 - 2009

Cash flow is the lifeblood of an operating business. Unfortunately, many entrepreneurs never learn about cash flow – and the differences that exist between cash flow, booking revenues and paper profit. Cash flow is the fuel that allows your business to continue operating and, more importantly, achieve growth. By managing cash flow effectively, you can […]