LSP Growth

According to a study performed by Jessie Hagen of U.S. Bank, 82% of businesses fail because of poor management of cash flow.

When a cash flow crunch strikes, your decision-making ability is further impacted by lack of resources and fear, and this can potentially impact three main areas of your business:

✔️ Pricing: You become hesitant to look at your pricing model or experiment with value pricing because you are too scared to lose business.

✔️ Hiring/Firing: You hold off on hiring or firing because cash is tight, but lack of proper staffing ultimately affects quality, timing, and customer service.

✔️ Spending: You don’t spend in places where you should spend because you feel like you can’t afford to. For example, you may not do a marketing campaign because you are too worried about the ROI.

How do you know if your customer concentration is high or low? A rule of thumb holds that if any single customer accounts for ten percent or more of your revenue or if your largest five customers account for 25% or more of revenue, you have a high customer concentration.

For translation companies in the growth phase, it is often difficult to turn away business from a large customer. However, client dependence carries substantial risks and those companies that are diversified are likely to achieve stronger financial performance.

Find out more here 👉 https://bit.ly/3lb4rZz

When selling your company, a Blind Teaser is one of the most important documents to awake the interest of potential buyers while maintaining complete confidentiality about the sale.

If you’re interested in knowing more, download our sample Teaser here: https://bit.ly/3kjYPML

Blind Teaser Sample | M&A | LSP Growth Our Discovery session provides us with the opportunity to get to know one another, better understand where you need support, and determine together if we are a good fit to help.