"This episode was brought to you by Reconciled.com. Helping M&A Entrepreneurs just like you with Bookkeeping, CFO & Controller Services, Outsourced Enterprise Accounting and Tax Services. Reconciled.com"

Watch it on Youtube: https://youtu.be/UpeJnUCHiHs

About The Guest(s): Paul Barnhurst is a financial advisor and FP&A expert. He is the host of the Financial Moderators Corner podcast and has extensive experience in financial planning and analysis.

Summary: In this episode, Ronald Skelton interviews Paul Barnhurst, a financial advisor and FP&A expert. They discuss the importance of financial modeling and analysis in the context of buying and selling businesses. Paul explains the role of FP&A in helping businesses make informed financial decisions and manage their cash flow. He emphasizes the need for regular financial review and the importance of understanding key financial metrics. Paul also shares insights on how to evaluate the financial health of a business during the due diligence process and highlights the value of accurate and transparent financial statements.

Key Takeaways:

Regularly reviewing financial statements is crucial for business success and decision-making.
Cash flow is the lifeblood of a business and should be closely monitored.
Financial modeling helps businesses make informed decisions and optimize their spending.
Understanding key financial metrics and industry benchmarks is essential for evaluating the financial health of a business.
It is important to have accurate and transparent financial statements when buying or selling a business.

Quotes:

"Finance is an FP&A role's goal is to ensure you best spend the next dollar where you best spend it."
"If you're not regularly reviewing your financials, it's really easy to make mistakes and miss opportunities."
"Financials are a lagging indicator, while business operations are leading indicators."
"What we measure gets improved. If you don't measure and manage it, nothing happens."
"Financial modeling is a decision-making tool that helps you make better business decisions."

--------------------------------------------------
Contact Paul on
Linkedin: https://www.linkedin.com/in/thefpandaguy/
X: https://twitter.com/TheFPandAGuy
--------------------------------------------------
How2Exit Joins IT ExchangeNet's Channel Partner Network!

-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.

"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton

The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.

If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.

Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.

Our partnership with IT ExchangeNet focuses on deals above $5M in value. If...

E170: Financial Modeling and Analysis in Mergers and Acquisitions with Paul Barnhurst

How2Exit: Buy, Don't Build - M&A of Small Businesses