David Miller, Business Transition CFO & Partner

David Miller, Business Transition CFO & Partner

David Miller is a Partner at B2B CFO, providing strategic management and CFO advisory services to business owners and their privately held businesses.

He takes a view of business at both the shareholder/owner level and the corporate/commercial level. As a trusted business advisor and seasoned financial executive, he helps business owners on an as-needed basis to establish, develop, manage and sell their businesses.

Typically, David meets with clients, assesses the financials, strategizes with them on the way forward and implements and manages the agreed financial game plan with a view to stabilizing or growing the business while enhancing the cash flow. The result is increased personal wealth and less stress for business owners.

CONTACT

Company: B2B CFO
Website: https://www.b2bcfo.com/los-angeles-orange-county-region/
Email: davidmiller@b2bcfo.com
Phone: 310-989-8665
Connect on LinkedIn

 

David Miller’s FAQs

Consult with your B2B CFO Strategic Business Advisor on an agreed monthly timetable to discuss business management and cash management strategy. Improve accounting processes to get quality reports, including a daily/weekly/monthly business performance dashboard, about the business. Aggressively manage working capital and renegotiate terms with customers and vendors:take action to collect Accounts Receivable items that are outstanding outside collection terms. Take action to lower Inventory levels and inventory costs. Take action to pay Accounts Payable items according to payment terms. Undertake capital expenditures only if absolutely necessary and finance these expenditures using long term bank loans. Review the trend in monthly operating cash flow numbers on the daily/weekly/monthly business performance dashboard on a weekly/monthly basis.
Consult with your B2B CFO Strategic Business Advisor to discuss key strategic decisions relating to business plans/concerns. Improve efficiencies within your business to increase Net Profits (including EBITDA) and the value of your business. Build a successful exit strategy team including team manager, investment banker, CPA tax specialist, M&A attorney, wealth manager, IT specialist and insurance specialist. Follow a step by step process to sell your business beginning with the end result in mind. Find the right buyer. Review financial results including Adjusted EBITDA and projected financial results monthly. Research an applicable Multiplier to apply to the ongoing Adjusted EBITDA to calculate the business valuation and review monthly. Plan and prepare for the due diligence activities that the buyer will require. Research seller tax implications on sale of the business. Research seller lifestyle implications on sale of the business. Become a real shareholder by stepping outside the daily executive suite and delegate review and action relating to the business operations.
Consult with your B2B CFO Strategic Business Advisor about the business growth strategy and proposed game plan. Review the business monthly financial reports and performance dashboards including the current year actual/forecast results and 3 year forward projections. Review the business plan including business value proposition, competitor list, sustainable competitive advantages, and swot analysis. Compare Adjusted EBITDA/Adjusted EBITDA per Share/Company Valuation: current operations scenario (pre capital raise) compared to the future growth operations scenarios (post capital raise) applying a varying % for a range of equity participations decide % of required external equity participation to meet growth goals. Firstly, engage with the Federal Government Small Business Administration representatives to secure government backed guaranteed loans with Commercial and Business Banks. Secondly, engage with the following funding sources: Business Banks, Merchant Banks, Angel Investors, Angel Groups, Factors (AR financing), Lenders (PO financing), Asset-Based Lenders, Family Offices, Venture Capital Funds, Private Equity Funds, Hedge Funds, Insurance Companies, Investment Bankers, Corporate Incubators and Crowd Funding Platforms. Part of the solution for the problem is for companies to tap into the international talent pool. When foreign students who are attending US universities graduate they obtain an one year work permit that is known as OPT to enable them to gain work experience in their field. Students who graduated with a STEM major and who are hired by an employer that participates in the federal E-Verify program are allowed to extend the OPT for two years. This allows employers to utilize the services of these recent graduates for three years without the need to obtain an H-1B visa. However during the three year term of the OPT, employers will have three opportunities to submit these individuals in the H-1B lottery which occurs in late March each year. Companies who recruit for technology professionals will also receive applications from individuals who are already employed in the United States in H-1B status. This group of individuals is in high demand because a new employer can file a new H-1B petition to allow an employee to move from on job to another and may begin work at the new employer a soon as the new application is filed. Finally employers who are in need of international workers should consider that the US has treaties with 5 countries for visas that are similar to the H-1B visa but which do not require going through the H-1B lottery: Canada, Mexico, Australia, Singapore and Chile.

 

David’s Articles

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