Kevin Rourke's Blogs

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When Flexibility Drives Family Business Success

In 1994, Dave Gravel found himself at a crossroads. As the CFO at a company that had just been acquired by GE Capital, he could have moved to the firm’s Norcross, Georgia, headquarters, but with family in Massachusetts, two mortgages, and four young children, he chose to stay in the area and start his own business.

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Why Management Matters in Lending

Lenders need to be comfortable with those who lead your team. If you’ve tried to secure financing, you’ve likely heard of the five Cs: Capacity, or the ability to repay the loan; Collateral, which refers to forms of security you can provide to your bank or other lender; Capital, or your investment in the business; economic and market Conditions; and last, but not least, Character, which is where who you and your team—your experience, references, and background—come into the picture.

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An Alternative R&D Credit Benefits Business, and the Commonwealth

On August, 13th, Governor Deval Patrick signed H.4377, called an “An Act to Promote Economic Growth in the Commonwealth,” into law. The economic development package provides new tools and training to ensure that Massachusetts’ workforce meets the needs of employers and offers incentives to create jobs and stimulate the economy.

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If Cash Flow Matters, Free Cash Flow is Critical

Understanding the difference between current liquidity and long-term company health. Cash flow is critical in meeting obligations on debt and shareholder distributions, paying owner tax obligations (LLC or S-Corp.), and growing a business’s balance sheet over time. Free cash flow is typically used to describe remaining cash flow after unfinanced capital expenditures, cash distributions, and cash tax obligations are fulfilled. Free cash flow services debt with residual post-debt service cash returning to the balance sheet to strengthen a business.

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Rising Rates vs. Proactive Business Strategies

Since the crash of 2008, interest rates have been

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Tapping Your Own Talent Pool: Keys to Leveraging Your Informal Board

As your company grows your base of employees and clients expand, revenues increase, and you may find it necessary to build a board of directors. But what about the issues and big decisions you’re dealing with right now? As a business owner, you typically deal with a constant lack of time and resources, yet it still makes sense to take the time to bounce ideas about growth and direction off others.