Using the 10-10-10 rule please describe how your decision making would be affected in the following scenarios:             

Your business has been generally successful but your accounts receivable are running longer than 30 days and without accelerating these collections you will run out of cash in 5 months. What do you do under the 10-10-10 rule?

Your business has the opportunity to acquire another business that would help grow your business and would add additional products to your business offering. At this time you cannot afford to buy that business but with your current growth you may be able to do so in 18 months. While the other business is not currently for sale it is rumored that it may be up for sale in a year. How do you react under the 10-10-10 rule?

An outside party has offered you a significant sum of cash for your business. Enough cash to possibly retire very early in life. Your business has been very successful and many of your advisors have told you that if you maintain your current growth rate for another 2 to 3 years the value of the company could be triple that of the current offer. How do you proceed under the 10-10-10 rule?

Answer rating: 100% (QA)

Case 1 If the decision is to maintain status quo regarding the speed of receivable collection its ef... View the full answer