Source: Julie Starr, Partner, Scale Finance LLC
Small company owner/CEOs everywhere are sitting down to think through every possible option, idea, and initiative to work through the 2020 Covid-19 crisis on the best terms possible. This summary can serve as a thought-starter and template for each company’s action plan. It combines both balance sheet support through sources of new / emergency funding and basic cost reduction options.
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance has multiple offices in the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and Wilmington with a team of more than 45 professionals serving more than 130 companies throughout the region.