#151
|
||||
|
||||
Quote:
The CCC typically means you need to invest capital to buy raw material, then produce the good, sell the goods, and then collect money from the buyers. Then the cycle starts again....A line of credit lets you purchase the goods (and make payroll) until you can collect money from customers. Bankers will look at the cash flow of a company when determining whether to establish a line of credit. This means, at the end of the CCC, is the company making money after paying all their bills. Bankers will also look at collateral assets (inventory, equipment, real estate, cash, A/R, etc) to secure the line of credit in case the CCC business plans go sideways... It is pretty important to get a LOC in place when times are good and before you need it. A lot of companies like to have one even if they don't need it for "window dressing"....having a LOC tells your vendors that your bank views you as creditworthy, and maybe they should too and offer favorable terms. There is a lot more to this...I am not a lender, but work closely with some. Back on topic, the challenges Rivendell/Grant is facing are not that uncommon....lots of businesses have great ideas and grow the "fun" side of the business without paying proper attention to the "boring" financial side and end up over extended. A good banker (there are a few) would have helped.
__________________
2003 CSi / Legend Ti / Seven 622 SLX |
#152
|
||||
|
||||
Good stuff - thank you.
dave Quote:
|
#153
|
|||
|
|||
Quote:
This one is $200.00: [/sarcasm]
__________________
Forgive me for posting dumb stuff. Chris Little Rock, AR Last edited by bikinchris; 12-31-2018 at 09:45 PM. |
#154
|
|||
|
|||
A year ago I suggested getting the guy a gift certificate for the services of my accountant. He needs this more than anything as cash flow and all that is obviously problem. Nothing has changed, don't know how long you can chase windmills
|
#155
|
||||
|
||||
Quote:
https://www.jetpens.com/Uni-Mitsubis...-of-12/pd/3517 |
#156
|
|||
|
|||
Quote:
|
#157
|
|||
|
|||
This place is circling the drain....urban pencilsexuals. Omfg.
|
#158
|
|||
|
|||
Don't knock it, till you try it.
|
#159
|
|||
|
|||
And he did that with a straight face. I tip my hat to him. Chapeau, Monsieur.
__________________
Forgive me for posting dumb stuff. Chris Little Rock, AR |
#160
|
|||
|
|||
Geez you guys. The idea was that if you hadn't purchased a Riv thing this month then you probably don't need anything, but maybe $20 down on a gift certificate for later would be cool. You don't HAVE to do it and I didn't: the email reminded me that I've been meaning to snag a couple things they sell for a while and kept forgetting about it. It's not a big deal.
|
#161
|
||||
|
||||
Quote:
Someone suggested a model where the founder, entrepreneur, ideaman, etc. passed the torch to a business manager and let each other do their thing...a little succession planning. Hopefully it's not too late. |
#162
|
|||
|
|||
Philistine.
And I'm sure you just love how your $65 Walmart bike rides... |
#163
|
||||
|
||||
So I've been a Riv guy in the past and a Grant supporter... I wanted/want an orange Ram, bought a Bleriot I wish I hadn't sold, and got my dad to buy a Hilson... But, nothing that Grant has produced in the past few years (short of the Roadeo/Roadini) has even peaked my interest... double top-tubes? Why?
I do wish Grant/Riv well, but he has to change something... I was just having a conversation over the holiday about folks who are good at one or two things (an engineer with a great idea for example) that starts a business and thinks they can do the whole thing, it usually doesn't work out well... a smart business person realizes their shortcomings and surrounds themselves with folks who can fill in those gaps. At this point, Black Mountain Cycles fills any need that Riv might have in the past... with the steel Road (better Ram?), MonsterCross (fat tire "country"), and the new Road+ (650b), why would I even look at Riv for a frame? Black Mountain seems to have realized what Grant couldn't... also, Mike is able to offer his stuff at a much better price and, I feel, a better overall frameset. I supported the last fundraising effort because I really do like the company, but not this time... I do feel bad for the employees though, may who have stuck with Grant in the hard times.
__________________
Be the Reason Others Succeed |
#164
|
|||
|
|||
They don’t seem to be so saved to me.
When you take the head off a chicken the legs keep running around for a while after. That doesn’t mean it’s still alive or has a viable future. |
#165
|
|||
|
|||
Rivendell saved for now...
Quote:
I don't think the quality of BMC's Chinese steel frames are near the quality offered by Rivendell. Maybe part of the problem is that Rivendell is not a frame builder, and can't compete with those that are on price. Also, the steel frame/bike market has a lot of competition. I also think there's a shrinking customer base. I don't think young people are getting into cycling. Century rides that used to fill up in the Bay Area are not that well attended anymore, for example. Last edited by MikeD; 01-01-2019 at 12:13 PM. |
|
|