How a Local Company Increased Their Revenue By 250+ Percent In 18 Months

How a Local Company Increased Their Revenue By 250+ Percent In 18 Months

An Interview with André F. Wilson from Altima Business Solutions by Rex Parry, The B2B Radio Show, KFNX 1100 http://www.altimabusinesssolutions.com/wp-content/uploads/2016/12/b2b-andre-seg-raw.mp3   This interview was aired this past summer on Rex Parry, The B2B Radio Show, KFNX 1100.   Transcript: Parry: Welcome back to the show everybody. It’s called the business to business network show. If you just happen to turn on your radio we are talking business, politics, economics, and we cover all kinds of different subjects. Our next guess is André. Give us your last name and introduce yourself please: Wilson: André Wilson, the “money man”. Parry: And give us an idea of the organization, your company, describe what you guys do. Wilson: Altima Business Solutions, we are a full-service management consulting firm. We take companies from what’s now to what’s next. We provide Strategy. We provide Financial Management services, CFO and controller, Capital, access to capital, that’s what myself and my team does. Sales, we design, implement and execute marketing strategies, and execution without accountability is for not so we put together advisory boards to hold management accountable. Parry: Introduce the members of your team and give us a little bit of their background Wilson: Yes. Carine Dieudé, she is our Strategy Director. She is also a Partner. Her and her team focus on processes, efficiencies, strategy, strategic planning. Roy Stover, he is a Partner as well. He is a CFO, formerly with GE, Trane Air-conditioning, and Sylvania Lighting International. He heads up the Financial Management (CFO, controller). Myself, I am the Managing Partner, myself and my team we structure and secure funding. Scott Conway, he is...
Tackle Holiday Challenges with a Strong Year-End Business Strategy

Tackle Holiday Challenges with a Strong Year-End Business Strategy

Tackle Holiday Challenges with a Strong Year-End Business Strategy With the holidays approaching, many small business owners are nervous about ending the year on a high note, new research finds. A study from Office Depot revealed that making sure assignments are completed and having enough financial resources to have a profitable and successful end of the year are small business owners’ biggest worries as they head into the holiday...
Entrepreneur: What an Advisory Board Is (And What It Isn’t!)

Entrepreneur: What an Advisory Board Is (And What It Isn’t!)

If you are a startup that failed to secure investors or simply have chosen to retain 100% of your equity, as a startup, you don’t benefit from the guidance and mentoring that investors provide (yes, qualified investors don’t just write a check!). If you are an established company that has not yet retained a board of directors or are prone to the inherent entrepreneurial obstinacy, you don’t benefit from regular peer reviews from people outside of your company. Every business needs experts in their corner to thrive! There are several factors to consider but an advisory board might be right for you. After all, it does take a village to raise an entrepreneur!   Here are 3 things that an Advisory Board isn’t: A List of Names to Drop: An advisory board is not a list of names to collect to look good like extra-curriculum activities on a college application. Welcome to entrepreneurship! Having conversations with so many startups, invariably they present me with long collections of names and titles that would have Slack or 21 blush! Yet their value proposition has not been thoroughly validated, their execution plan, if any, is full of gaps and their financial projections are, at best, unrealistic.   You are by definition looking for Advisory Board Members who will help you grow your company. In some way, shape or form they will augment your management team skills. Some will possess experience and expertise in the areas of business that your team lacks. Some will have a valuable Rolodex that will be helpful to your operation, strategy or marketing efforts. Others will challenge your...

10 Options to Avoid the 5 C’s of Credit

Conventional financing operates under the premise of the 5 C’s: Cash, Collateral, Capacity, Character & Conditions Cash refers to the contribution borrower will invest. Collateral refers to assets to be pledged, i.e. home, retirement, etc. Capacity refers to the measurement the lenders use to determine borrowers ability to repay loan. I.e. cash flow, existing debt, etc. Character refers to a borrower’s reputation. i.e. credit report Conditions refer to the loan amount and the interest rate the lender would consider acceptable risk to lend to borrower. As entrepreneurs we are often willing to sacrifice one or all of these in order to achieve the dream. So what if you don’t have the 5 C’s? Don’t panic, here are 10 options to secure capital from alternative resources: Factoring Asset Based Lending Merchant Funding Contract/Purchase Order Financing Hard Money Loans Debtor In Possession (DIP) Financing Equipment Leasing Asset Backed Working Capital/Sale & Leaseback Funding Business Loans Micro-Loans For more information on planning, funding, starting, and growing your business Contact Us   Author: Andre F. Wilson Sr., Managing Partner, Altima Business...