Stern Cohen clients are at all stages of the business cycle: start up, growth, or in transition due to retirement. Whatever stage you’re at, whatever challenges you’re facing, we’ll tailor our service to your needs, bring in our full service team, and support you when you need us. Our clients sleep well at night knowing they have expert guidance for their business.
The COVID-19 pandemic has changed the business landscape. Innovation, consolidations and mergers are the new normal.
As a result, are you buying or selling a business? Are the shareholders of your business changing?
More than ever you are in need of business projections. You urgently need to understand your cash flow situation. You’re looking for data and analysis around your income and financial statements. At this crucial time you need a strong accounting team and tax specialists on your side to ensure the best outcome.
Stern Cohen’s business advisory services include:
As a business owner, are you considering any of the following:
The answers to these questions and many more are available with our financial modeling service. Why create a financial model? It will reduce your risk and highlight the successful way forward. Rather than relying on your intuition to answer these questions, business owners can benefit from a quantitative approach to assessing the risks and long-term financial benefits of their decisions. The ideal tool for this is a customized, dynamic financial model leveraging best practices from Bay Street, where deals running into the billions of dollars are decided based on financial model outputs.
We assist business owners with making business decisions by creating a customized financial model. Financial models are used on Bay Street to assess the feasibility of deals, projects and ventures running into the billions of dollars, and we are proud to bring the same level of quality models to small and medium-sized businesses.
Financial models make use of key financial and operational information about your business. The information is then processed to analyze how your business will react to different economic situations or events, and to forecast the outcome of financial decisions before committing any funds to a specific project. The audience of a financial model is usually twofold: the decision-makers within an organization, and those providing financing (investors and banks). Therefore, business owners can use models not only to make decisions, but also to convince equity and debt owners that their projects are solid investments.
A robust financial model will provide the user with the ability to quickly alter assumptions related to revenues, expenses, etc., and to immediately see their impact on financial metrics such as net profit and company/project value over time, discounted cash flow, payback period, etc. The typical steps involved in the financial model development process are outlined in the infographic below:
Our financial models are built in Excel, making it easier to customize them to the evolving needs of your business. In addition, they allow extensive customizations to be made easily and rapidly, so that the same model can be used first in a deal context, and later in an operational or integration process, providing the foundation for your company’s decision making and finance functions.
Some examples illustrating common uses of financial models include:
I’ve been fortunate to work with the Stern Cohen team. At a critical juncture, they provided the vital assistance my business needed and they continue to support the growth of my business today. I highly recommend their accounting and business advisory services.