Is It Possible to Have Negative Net Income and Positive Cash Flow?

Have you ever heard of a business losing money but still having cash in the bank and continuing to generate cash monthly? It may sound like a financial impossibility, but it’s actually possible and happens more often than you might think.  While this concept might also seem confusing initially, it’s an important aspect of financial […]

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Derek Watson

CFO watson (at) scalefinance.com Fractional CFO, Scale Finance LLC—interim/part-time CFO engagements. Including Interim CFO for PE-backed $185 million revenue manufacturer. Principal, Financial & IT Consultants, LLC—Consulting practice providing strategic financial and IT consulting and Fractional / Interim CFO services. Engagements included:; Finance Consultant for PE-backed medical startup, CFO for a multi-location psychotherapy practice; VP-Finance for

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Jim Hamilton

CFO hamilton (at) scalefinance.com CFO & Director of Technologies, United Way of Greenville County—$25M non-profit (included systems transitions in GL, CRM, and payroll). EVP, Carolina Industrial Resources—high growth, $30M national flexible packaging manufacturing, distribution, and services. CFO, Mafic SA—startup high tech materials business within Mafic Group, UK-based holding company with operations in Luxembourg, Ireland, Russia,

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Michael Coppa

CFO & Transaction Advisor coppa (at) scalefinance.com Fractional CFO, Scale Finance LLC and Faircroft Ventures—interim/part-time CFO & capital raise/M&A advisory services; multiple clients in diverse industry segments. Investment Banker, Mergers and Acquisitions, Wells Fargo Advisors—Example recent client projects. ProfitSword – B2B SaaS company focused on providing business intelligence software to the hospitality industry; acquired by

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Josh Kalish

CFO & Partner kalish (at) scalefinance.com Vice President, Deutsche Bank—Directed and delivered CFO strategic initiatives that led to acquisitions and new business integration in New York, London and Frankfurt. Management Consultant—Led financial services transformation engagements for Deutsche Bank, Morgan Stanley, Fidelity, State Street, and Royal Bank of Scotland. Instructor / Business Coach, UNC Kenan-Flagler Business

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John P. Schefke

Senior Controller & Director schefke (at) scalefinance.com Controller—Monarch Division of Tompkins International, Raleigh, NC (2018 -2020) —Assist management with the creation of a new business unit dedicated to an integrated warehouse solution for various customers at several distribution centers. Senior Controller—Scale Finance, Raleigh, NC (2012 – 2017)—Assist various small businesses with the creation of accounting

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John M. Spadafino, MBA

Senior Controller spadafino (at) scalefinance.com CFO, America/Human Resource Manager/Director of Finance/Office Manager, TELIT WIRELESS SOLUTIONS, INC., Durham, NC (11 years)—Led and directed the entire finance organization in North America for Telit, a distributer of wireless modules manufactured by other Telit entities; Responsible for annual consolidated North American financial statements; oversee Human Resource policies and implementation,

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The 5 growth mistakes (that can run you out of cash or out of business)

Not enough capital to cover the cost of expected growth before the revenue starts to show up Not enough cash to fund the receivables from the growth Not enough people in the right areas: Damaged reputation from poor customer support and service Too much inventory because growth didn’t go as planned Interview with Gary Hayes,

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Michael Preston

CFO & Transaction Advisor preston@scalefinance.com Managing Director, Scale Finance LLC (2018 – current)—professional CFO/Controller and transaction Advisory Services with 25+ years experience assisting C-level teams with growth, operational, and strategic concerns Managing Director, Red Pelican Ventures, LLC—Founder/Operator delivering financial services to companies in transition (high growth, corporate sale, bankruptcy, turnaround) to help focus their direction

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Misty Weisbrod

CFO & Director weisbrod (at) scalefinance.com Chief Financial Officer, Scale Finance—miscellaneous SF clients including A. Shawn Group, RGXC, Galway Company, and others Chief Financial Officer – Healthy Back Store, LLC (2011- 2018)—20+ location and approximately $30M per year revenue retail chain. Managed all accounting and financial operations functions, budgeting/forecasting, financial planning and analysis, merchandise purchasing

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