Check out General Counsel’s Richard Trimber quoted on Yahoo! Finance regarding EBITDA, GAAP and Other Nonsensical Investing Abbreviations
“The closer to zero or negative the CCC is, the better the company is run,” says Richard Trimber, an attorney with General Counsel Law, based in McLean, Virginia. His specialties include mergers and acquisitions — which, by the way, are also known as M&A.
Check out General Counsel’s Richard Trimber quoted on US News:
“Examine how [the company] spends money on their offices, dress, cars,” says Richard Trimber, senior counsel of the corporate practice group at General Counsel in McLean, Virginia. “Examine their sales and marketing system to make sure they have a developed pipeline to sustain growth and understand how your investment capital will accelerate that or take them into additional markets.”
Being “human” and restoring the personal touch is especially worth it in the electrical distribution field, where products tend to be highly commoditized and differentiation among providers is sometimes unrecognized by busy electrical contractors working out in the field. “In any distribution business, you’re basically running a commoditized business,” says Richard Trimber a business attorney with General Counsel PC in McLean, Va., and a former COO of both a manufacturing and distribution company. “To stand out, you really have to focus on service and on creating strong bonds with your customers.”
“Think about the activities that you want your sales reps engaged in, and then use that goal as a guideline for compensation and/or incentives,” says Richard Trimber a business attorney with General Counsel PC in McLean, Va., and a former COO of both a manufacturing and distribution company.
Check out a few quotes from General Counsel’s Richard Trimber for IE3 (Indoor Environment & Energy Efficiency):
“Is the job botched or is the customer just not happy? Do you have a customer that has expectations that can’t be met? Make sure the contractor was the issue and not the customer.” – on “Fixing a Botched Job”
““After you’ve worked in the field for a number of years, you develop expertise. But what construction professionals often don’t develop is how to speak to clients. You have to lead them in a Socratic method.” – on “Dealing With A Customer Who Doesn’t Want To Hear No”
Check out General Counsel’s Richard Trimber quoted on The Fiscal Times’ article “Investor Alert: How to See Through Corporate Earnings Smoke and Mirrors”
“Depreciation [is] a real expense on capital assets because they will need to be replaced,” said Richard Trimber, senior counsel in the corporate practice group of the law firm General Counsel and a former COO. “It will require investment, so don’t pretend it gets dusted away on an earnings call. Telecoms are famous for this.”
Check out General Counsel’s Richard Trimber quoted on Monster.com’s Human Resources Article titled “Can Raising Hourly Wages Improve the Bottom Line?”
Do the math. To determine if you can afford to raise pay and by how much, undertake a financial analysis, says Mclean, Va.-based business attorney Richard Trimber , who advises small to midsize clients on operational and growth matters as senior counsel in the corporate practice group at General Counsel, P.C. “Broadly speaking, it’s a math equation,” says Trimber. The key, says Trimber, is to figure out if you can maintain your profit margin when you raise wages.
Check out General Counsel’s Richard Trimber quoted on NCR Silver‘s articles titled “6 Money Management Tips for Small Business Owners” and “Should You Start a Small Business or Buy a Franchise?”
A small business owner must establish a system that allows the company to track revenue and expenses each month, according to Trimber.
“As a company grows, the platform upon which it is established must be strong enough to support it. With advances in technology and Web-enabled systems, it has never been easier to do this. You can literally snap a picture of a receipt and upload it to be tracked, so there is no more basketful of receipts,” Trimber said.