When preparing to sell your agency, understanding financial metrics is crucial. One key metric that often comes into play during M&As is EBITDA. However, as negotiations progress, you may encounter … Read more
Employee Stock Ownership Plans, commonly known as ESOPs, are a unique exit strategy for business owners that often sound appealing at first glance. However, as with any complex financial … Read more
One of the most challenging decisions founders face is whether to specialize or remain a generalist. While generalizing may seem like the clearest path … Read more
Agency owners often dream of growing their businesses to a point where they can step back from day-to-day operations. However, the reality is that many of us … Read more
Many business owners underestimate the power of money velocity. They keep their hard-earned cash sitting idle in checking or savings accounts, missing out on opportunities to grow their … Read more
As a business owner, you’ve worked hard to earn your money, but are you making the most of it? Many entrepreneurs find themselves with idle … Read more
For agencies looking to expand their service offerings and capabilities, the typical path involves taking on substantial risk. Want to break into a new vertical like public relations, … Read more
Agencies are expected to do more and be more for their clients more than ever. With technology constantly shifting and expanding, there’s a lot … Read more
One of the biggest factors distorting profitability reporting for agencies is improper revenue recognition. Many agencies bill clients upfront for work and record that income immediately upon invoicing … Read more
