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Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: Financial Tools Required In A Turnaround And Troubled Company Financing
Description: The financial model is the most important tool in the turnaround and financing of a troubled company. Â Throwing more money at a troubled situation without a distinct plan of action is not the solution. Â Financial models create a detailed outline of the use of funds and instill trust in the lender that the management team understands the strategy, can execute and is committed to regularly evaluating their performance. Â We build at least two models, a monthly model and a 13-week cash flow.The monthly model includes three financial statements: balance sheet, income statement/profit & loss (P&L) and...