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Working capital

3 pages across every collection.

Article7 min

What working capital actually costs you in a sale

Advisory content treats the working capital adjustment as where sellers lose a fortune. Across more than a thousand deals the money at stake is about one percent, and the buyer's number usually wins.

Guide8 min

How long is your cash runway, really

Cash divided by monthly burn is the number most owners quote, and the first one to fail. What to calculate instead, and why the answer is a date rather than a duration.

Guide11 min

Profitable and broke: the gap between your P&L and your bank balance

Your accountant says you made sixty thousand. Your bank balance fell by sixty-seven. Both are correct. Here are the seven bridges between them, and which ones you can move.