Normalizing earnings allows one to both compare earning both year over year and against other companies. There are several terms that we use to represent this normalized earnings number. They included SDE (Seller Discretionary Earnings), SDI (Seller Discretionary Income), Adjusted EBITDA, Adjusted Net, or (my favorite) Owner Benefit. While conceptional simple, […]
By JIM CUMBEE Even at “hello” I could feel the tension. Four of them, one of me. I was feeling some heat as they stared at me, looking for answers. There were two representatives from each company. Their desire to merge was borne from a conversation between the two owners at a […]
Published by “Kabbage Inc.” Small-business owners in nearly every field struggle with cash-flow, particularly in the early stages of their business. In fact, the majority of failed businesses—nearly 60%—say that all or most of their failure was due to cash-flow issues, surveys show. Here are three cash-flow metrics that encapsulate a few […]