Hiring a Business Financial & Strategy Advisor

Hiring a business advisor can bring substantial value to your business, especially when navigating complex challenges, growth opportunities, or strategic pivots.


Here are some compelling reasons to consider working with a business advisor:

 

1. Objective Perspective

Business advisors provide an impartial, third-party perspective, helping you identify blind spots and offering constructive feedback on your decisions. This can be invaluable in spotting issues or opportunities you might overlook.

2. Expertise and Experience

Advisors often have extensive experience across various industries and situations. They bring knowledge in areas like finance, marketing, operations, and management, which can help address specific challenges or plan for future growth.

3. Strategic Planning

A good business advisor can help you build or refine your business strategy, setting clear objectives and creating a roadmap to achieve them. They help ensure your goals are realistic, measurable, and aligned with market trends and internal capabilities.

4. Improved Financial Management

Advisors can assist with budgeting, cash flow management, and financial planning, helping you make sound financial decisions. They often bring analytical tools to help interpret financial data, cut costs, and identify revenue growth opportunities.

5. Enhanced Decision-Making

By providing industry insights and expertise, advisors empower you to make well-informed decisions faster. They can also guide risk assessment, helping you anticipate the consequences of major choices.

6. Access to Networks and Resources

Advisors often have strong networks of business contacts, including potential partners, investors, vendors, and even clients. These connections can open new doors and provide resources you might not have had access to otherwise.

7. Efficient Problem Solving

 When specific issues arise, an advisor’s experience enables them to propose practical solutions and implement effective action plans. They bring proven frameworks and methodologies to address and resolve challenges efficiently.

8. Scalability and Growth

Advisors help identify opportunities for sustainable growth, whether through new markets, products, or operational improvements. They can guide scaling processes, avoiding common pitfalls that can arise when expanding too quickly or without proper planning.

9. Accountability Partner

A business advisor can hold you accountable for meeting your goals, pushing you to follow through on your strategic plans. This accountability can be motivating and can lead to better productivity and execution across the business.

10. Reduced Risk

Advisors help assess and manage risks, from financial to operational to market risks, ensuring you are well-prepared for uncertainties. They bring risk-mitigation strategies and industry best practices, which can protect your business from costly missteps.

11. Customized Guidance and Training

Advisors can provide tailored advice based on your business’s unique needs and train your team in specific areas. This helps build internal capabilities, ultimately making your team stronger and more self-sufficient.

A business advisor brings expertise, objectivity, and strategic insights, allowing you to make confident decisions, avoid common pitfalls, and focus on long-term success.

Whether you’re a startup or an established company, a good business advisor can become a crucial asset for navigating challenges and seizing opportunities.

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Understanding a Business Cash Flow Statement and Why it is Critical to Business Operations

For small business owners, navigating the financial landscape can feel complex.

While tracking profit is essential, it doesn't tell the whole story.

A staggering statistic underscores this point: 82% of small businesses that fail do so because of poor cash flow management or a fundamental misunderstanding of cash flow itself.

This highlights a critical truth: profit on paper does not automatically equate to cash in the bank

It's entirely possible for a business to report healthy profits yet still face closure because it lacks the actual cash needed to operate.

Why does this distinction matter so profoundly?

Because cash is the lifeblood of daily operations.

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Strategies to Enhance Business Credit Score and Creditworthiness
Strategies to Enhance Business Credit Score and Creditworthiness

A robust business credit score serves as a vital indicator of a company's financial reliability, much like a personal credit score reflects an individual's credit history.

The implications of a strong score extend to improved access to essential financing such as loans and lines of credit, potentially at more attractive interest rates and with higher credit limits.

Furthermore, it can lead to more accommodating terms from vendors, better insurance premiums, and even enhance the ability to secure valuable contracts.

A positive business credit score bolsters a company's overall credibility within the marketplace and can be a key differentiator, providing a distinct competitive edge.

Therefore, diligently monitoring and proactively working to improve this score is not merely beneficial but crucial for achieving sustainable growth and maintaining long-term financial health.

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U.S. Small Business Administration Lowers FICO Score Requirements for Business Loan Applicants
U.S. Small Business Administration Lowers FICO Score Requirements for Business Loan Applicants

The U.S. Small Business Administration (SBA) is an independent federal agency established in 1953 dedicated to aiding, counseling, assisting, and protecting the interests of small businesses, helping them start, grow, expand, or recover.

As of April 6th, 2025, the SBA has relaxed its requirements for minimum FICO score from 700 down to an adjusted 680.

In this brief, we will go over the best ways to gain approval for an SBA loan where payback terms (amortizations) can be 10-years, or even 25-years, significantly reducing cash flow necessary to meet business debt service payments.

Read about how to best gain approval with the U.S. Small Business Administration through its originating banks and partners.

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Recap of Our Articles and Reports Covering Advice on Business Finance & Strategy (Year-to-Date 2025)
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This summary of articles and reports from Bernarsky Advisors highlight the challenges faced by small businesses in 2025, particularly in securing financing and managing cash flow.

Many businesses are struggling with debt, declining revenue, and increasing operational costs.

The firm emphasizes the importance of financial planning, budgeting, and forecasting to maintain financial stability.

They also warn against predatory lenders and the dangers of short-term, high-interest debt.

Bernarsky Advisors provides guidance on how to improve business credit scores, restructure debt and negotiate with creditors, as well as how to obtain the best business debt refinancing.

They also offer advice on how to identify and avoid common mistakes made by business owners. Ultimately, the firm aims to help businesses navigate these turbulent times and emerge stronger.

The interconnected themes of business cash flow management, business debt refinancing and restructuring, operational reorganization, financing options, cash flow planning and overall financial health are paramount for survival and sustainable growth.

(numbered Footnotes for your convenience to find our full articles related to the subject matter)

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Tight Business Cash Flow: How To Get Through and Navigate a Liquidity Crunch
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For any business owner, the dream is one of steady growth and smooth operations.

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It's a scenario that can trigger a cascade of anxieties, threatening to overwhelm even the most resilient entrepreneur.

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The landscape of business financing has evolved significantly in recent years, offering an expanding array of options beyond traditional bank loans.

The rise of online lenders and alternative financing solutions has made capital more readily accessible to small businesses, often with streamlined application processes and quicker funding times.

This ease of access, however, can mask the potential dangers lurking within certain types of business debt, particularly when the speed and simplicity of acquisition overshadow a thorough evaluation of the associated costs and repayment obligations.

While the promise of quick cash can be alluring, especially for businesses facing immediate financial needs, it is crucial for business owners to exercise caution and critically assess whether the debt they are considering comes with repayment terms that their business can realistically afford.

This report will delve into the characteristics of these "easy-to-get" forms of business debt, explore the reasons why businesses might be tempted to take them on, highlight the severe consequences of default, and provide guidance on how businesses can make informed borrowing decisions and build a more sustainable financial future.

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Destruction of U.S. Small Businesses: Short-term Business Debt, Lies and Deception
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Small businesses are the backbone of the U.S. economy, driving innovation and creating jobs.

Yet, accessing capital remains a significant hurdle, particularly for newer businesses or those recovering from setbacks.

This vulnerability has fueled the rise of an aggressive industry specializing in high-cost, short-term business loans and sale of future business receipts through Merchant Cash Advances (MCAs).

While promising quick cash and easy approval, many of these lenders, often utilizing networks of commission-driven independent (1099) brokers, employ a playbook filled with lies and deception that can cripple and ultimately destroy the very businesses they claim to help.

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Options for Corporate Debt Restructuring: Creating a Plan and Strategy for Turnaround
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Corporate debt restructuring can involve various strategies and concepts, some of which are renegotiating the terms of a company's existing debt with its creditors, reorganization of operations, and also refinancing existing short-term business debt with longer-term business debt to extend payment terms, greatly reducing total monthly business debt payments that can absorb cash flow and cause a cash flow strain.

Reliance on borrowed business capital carries inherent risks. Economic downturns, industry shifts, operational inefficiencies, or unforeseen crises can strain a company's finances, making it difficult, or even impossible, to meet its debt obligations.

When these pressures accumulate to the point where default seems imminent and the specter of bankruptcy looms large, restructuring emerges as a proactive and necessary strategy.

It's an acknowledgment of financial distress coupled with a commitment to finding a viable path forward, preserving the underlying business operations where possible.

The overarching purpose is clear: to restore liquidity and operational viability

By easing the immediate pressure of business debt service payments, restructuring frees up vital cash flow that can be redirected towards core operations, essential investments, and stabilizing the business.

It aims to provide the company with breathing room – time to implement operational improvements, adapt to market changes, and ultimately return to profitability.

When a company finds itself teetering on the brink of insolvency, facing mounting pressure from creditors, a critical strategic intervention often becomes necessary: Corporate Debt Restructuring.

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The Current State of U.S. Small Business (Q1 2025)
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The landscape for small business owners in the United States continues to be dynamic and complex, characterized by a mixture of cautious optimism and significant apprehension.

While opportunities exist, particularly driven by technological advancements and evolving financing options, numerous challenges related to economic conditions, workforce dynamics, and regulatory uncertainty demand careful navigation.

In addition to grappling with intense inflationary pressures that drive up costs for goods, labor, and rent, owners must also navigate a highly competitive hiring market, adapt to rapidly evolving consumer demands for personalization and ethical practices, and defend against increasing cybersecurity threats.

Simultaneously, anxieties surrounding potential regulatory changes, global market volatility, and effective cash flow management remain top concerns, demanding heightened financial discipline.

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Take Full Control of Your Business Finances: A Guide to Financial Forecasting, Modeling and Budgeting for Small Business Owners
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As a small business owner, you're not just a manager; you're the heart, soul, and driving force behind your company.

You wear many hats, from sales and marketing to customer service and operations. But amidst the daily hustle and bustle, it's crucial not to lose sight of the financial backbone of your business.

Even the most dedicated and passionate entrepreneur can face significant challenges without a clear and well-defined financial roadmap.

This is precisely where the powerful tools of financial forecasting, modeling, budgeting, and variance analysis come into play.

These aren't just abstract financial concepts or jargon reserved for large corporations; they are indispensable, practical tools that can empower you, the small business owner, to make informed and strategic decisions, effectively navigate potential challenges, and, ultimately, achieve your business goals and realize your vision for success.

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DECLINED: Business Financing Rejection and How to Bounce Back From a "No"
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As a small business owner, securing financing can feel like a crucial lifeline.

Whether you're looking to expand, manage cash flow, or invest in new equipment, a "no" from a lender can be disheartening.

But don't despair!

Rejection isn't the end of the road.

Instead, it's an opportunity to learn, strategize, and improve your financial standing.

Here's a breakdown of what to do when you're struggling to get approved for business financing:

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Is Your Business Truly Healthy? Unlocking the Power of the Debt Service Coverage Ratio (DSCR)
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Being a small business owner you're constantly juggling a multitude of tasks: attracting customers, managing employees, overseeing operations, and, crucially, keeping a close eye on your finances.

In the daily hustle, it's easy to get caught up in immediate concerns and lose sight of the overall financial health of your business.

This is where the Debt Service Coverage Ratio (DSCR) becomes an invaluable tool. While it might sound like complex financial jargon, the DSCR is, at its core, a straightforward way to assess whether your business is generating sufficient income to comfortably meet its debt obligations.

It's a key indicator that can help you steer your business toward stability and growth.

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Business Finance & Strategy Advisors
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