A transition or exit is to be expected for your business. They can take many forms, from a strategic or financial buyer to a management buyout or ESOP (employee buyout). Although it is predictable, most business owners don’t have a transition plan or even an idea of the value of their business. And, of companies… Read more »
Reflecting back is a great way to move forward. Where are you against your 2019 plan? Ahead, behind, or “on” target? What should you start doing? Stop doing? Do you know how well your business is progressing as we hit the mid-point of 2019? If the answer is no, you’re not alone. These helpful steps… Read more »
How much is your business worth? This is not a simple thing to determine, but it is one of the most important numbers to have on hand at almost every stage of your company’s development. For help answering this question, I recommend an excellent article from Entrepreneur.com. The article includes links to helpful side articles… Read more »
No business owner wants to face a cash flow crunch. Unfortunately, many entrepreneurs find themselves in a sticky situation because of unforeseen issues with their receivables. To keep your receivables flowing smoothly, I recommend a short article from CEO World. You’ll learn the three cornerstones of receivables management that will set your business up for… Read more »
Having a financially fit company involves monitoring your most important financial numbers. Most business owners are busy putting out fires, working with customers, and dealing with various other urgencies of the business rather than pouring over financial statements. We certainly don’t want to turn the Business Owner into an accountant, but it is important to… Read more »