Blog entries from John O. Lychos Jr.

Testimonial - Detroit Technologies, Inc.

John O. Lychos Jr. — Sat, 05 Dec 2009 03:36:28 +0100

"John's work was excellent. He was able to identify the critical issues and did an excellent work in developing solutions. His follow up saved us well over five hundred thousand dollars."
Gary Stanis, VP & Chief Financial Officer, Detroit Technologies, Inc.

Testimonial - The Service Source, Inc.

John O. Lychos Jr. — Sat, 05 Dec 2009 03:32:35 +0100

"John has been terrific to work with. John's knowledge and experience has been very valuable. Moreover, John has been very fair with us from a billable hour point of view. I would love to be used as a reference."
Lou Meeks, Pessident & CEO, The Service Source, Inc.

Testimonial - Alampi & Associates, LLC

John O. Lychos Jr. — Sat, 05 Dec 2009 03:29:13 +0100

"John fills a critical need for many mid-market companies who have never had a true CFO. His years of real-world experience combined with his executive presence and leadership skills have made him a valued resource to many companies. I am happy to strongly recommend John to our clients who need true strategic CFO help."
Jim Alampi, Managing Director and Owner, Alampi & Associates, LLC

Exiting Your Business

John O. Lychos Jr. — Sat, 05 Dec 2009 02:53:12 +0100

Business exit strategies can take many forms. However, there are really only two primary objectives in any deal. One, the buyer wants to MINIMIZE the consideration paid relative to the after-tax cash flow of the purchased assets or operations, and two; the seller wants to MAXIMIZE the after-tax cash proceeds from the sale. Since both objectives are essentially opposite, having the right exit strategy plan puts the business owner in the driver&rRead More...

Finding the Exit in a Family-Owned Business

John O. Lychos Jr. — Sat, 05 Dec 2009 02:46:42 +0100

According to a recent survey[1], family-owned businesses in the United States account for over 64% of the nation’s gross domestic product. Yet, over 50% of those businesses fail to last beyond the first generation. Successful business owners who want to pass along their business to family members know there are certain “big-company” fundamentals that apply to their business.