WHAT YOU NEED TO KNOW WITH JOE!
Peak Interest Rates and Your Cash Flow
Now that we’ve hit peak interest rates, it’s time to think about how to make your cash work for you. Joe Priola unpacks the value of cash and managing cash flow.
The Value of Cash
Cash is more valuable than it’s been for a long time. If your business keeps a high checking account balance, you might want to consider rearranging your financials. Joe shares his expertise on what your business should do when cash is king.
Unemployment
Wait, so unemployment needs to go up? This goes against everything that we think of when we think of a good economy! Joe shares his insight into why the employment rate needs to decrease to beat inflation.
Tightening Credit
The banks are tightening their credit policies right now. Why is this? Are your deposits safe? Joe shares his insight into the current state of lending. Many businesses are struggling to access credit, learn why today.
Employment
Joe shares his insight into working together to support businesses and create a strong, resilient economy for all. Many businesses are struggling to find employees in today's job market.
Interest Rates and the Economy
What do you need to know as a business owner with the current interest rates?
Joe delivers a no-nonsense approach of what to expect with the current economy as well as how interest rates will trend over the next year.
The Tax Code & Your Business
Joe breaks down the tax code into two simple options that every business owner needs to know.
When your business is making money, you can pay additional taxes OR reinvest in your business to help it grow!
If you’re planning properly, you can reinvest in your business and increase the capital value of your company instead of paying the extra “toll” to the tax man.
A Father & Son Chat About Business: Part 2
In Part 2 of this interview with Brent Priola from The Recy Group, they discuss how critical it is to take time monthly to review how your company is doing…and then pivot or adjust where needed.
As businesses grow, owners need to work ON the business, instead of getting stuck IN it. This is hard to do consistently, but so necessary for continued growth and success!
A Father & Son Chat About Business: Part 1
Our President, Joe Priola, sits down with his son who is also a business owner. They discuss business ownership...from strategic growth to tax planning…and how Coveted’s team of experts has played an integral part in the growth, success, and scaling of his business.
Planning Your Business Strategy Backwards to Forwards:
What You Need to Know with Joe
Coveted uses a unique approach of "backwards to forwards" when working with clients and their plans. Whether it is a short term or long term goal, by working backwards from the finish line, Coveted can chart the course to success.
Protecting Your Business From Stagflation:
What You Need to Know with Joe
How can businesses protect from inflation and stagflation? Coveted Financial discusses what these terms mean and the importance of monitoring your gross margin in real time so that you can protect your profit.
Successfully (and Profitably) Exit Your Business:
What You Need to Know with Joe
In the third installment of our Coveted video series, Joe sits down with long time client and founder of Ken's Beverage, Ken Reimer to discuss the recent sale of his business and how Coveted was an integral part of the process. Tune in to learn more about the due diligence process, emotionally preparing yourself for the sale of your business, and what you should be doing NOW to get ready for a profitable sale.
Selling a business not only includes a lengthy due diligence period, it should also include time to prepare so that the company sells for top dollar. Coveted is here to help you prepare for a profitable sale.
What is a Fractional CFO:
What You Need to Know with Joe
A fractional CFO lends their financial expertise to a business on a contractual basis. Fractional CFOs have extensive previous CFO-level experience. In the case of Coveted Financial, our team also has banker-level background which aids to their expertise.
In this video, Joe Priola discusses financial strategies and how they can be applied to businesses from any industry. Coveted Financial is the trainer for your business in which we’ll help get your company financially fit.
The Coveted Difference:
What You Need to Know with Joe
Coveted Financial Founder and Owner, Joe Priola, sits down with client, Ginny Rosso of KDI Design to talk about their financial strategy and what they've learned from using a fractional CFO firm. Coveted Financial meets monthly with their KDI Design to discuss budget, inventory management, succession planning, credit options, combatting inflation, and so much more-all done in an easy to understand, comfortable format.
We love helping your company grow.
It's our passion. Everyday we get the chance to help business owners reach their goals. To build their company into something they didn't even realize was possible. And to show them how to maintain that growth and success. It's what we know best. Over the past five years we too have grown. We've added new services that bring even more value to our clients and continue to hire talented professionals with a variety of skillsets. While it is hard to summarize all the ways Coveted Financial can help businesses, we want to make sure one thing is clear.
We're here to help...and we're good at it.
Let’s be honest.
If it impacts your business, we're going to tell you. Even if you don't want to hear it. If we've made one thing clear to our clients, it's that we are committed to telling you the truth about your business. We exist to help your company grow and sometimes that means helping you make the tough decisions. We analyze your situation by removing emotion from the equation and get down to the financial facts. We show you the items that need to be addressed, but we won't leave you on your own to make it happen. We work together with you to make the necessary changes that will lead to a prosperous and thriving organization. Honesty is not always the easiest thing, but it's the right thing.
And we do it because we genuinely care.
Just for fun: What does EBITDA mean?
If you've spent much time with us, you know one of the first things we like to talk about is EBITDA, which stands for "Earnings Before Interest, Taxes, Depreciation, and Amortization." Understanding this number helps us accurately analyze and compare profitability. While not all of our clients may remember the exact acronym for EBITDA, we know that after working with Coveted Financial, they certainly understand what it means and the value it holds.
Check out this video for a good laugh!