Cash is the fuel for your business, so it’s important to know how much to have on hand. While the recommended practice is to maintain reserves equal to 3-6 months of operating expenses, in real small business circumstances, a “one-size-fits-all” formula may not be the best fit for your business. The better approach is to… Read more »
M&A failure rates are high. Negotiations can be tricky. So how do you give your company the best shot at a successful merger or acquisition? A key component is creating sustainable value in advance of closing the deal, and clearly demonstrating such during negotiations. Learn more in this recent article from Forbes.com. To get your… Read more »
We’ve all heard the phrase, “Get your ducks in a row.” When it comes to business finances, this concept can mean the critical difference between loss and profit. Failure to keep your books in order will cost you, but streamlining your finances empowers you to make informed decisions for your business. If your accounting functions… Read more »
Running a business is a matter of balancing potential risks against expected outcomes. Many factors can lead to unexpected financial loss, but a few simple steps can protect your business from significant financial challenges. To help you build a strong foundation, I recommend you read an insightful list of tips from the Forbes Finance Council.… Read more »
The current economic expansion has now exceeded a decade in length, which is a long one by historical standards. Of course, this recovery comes on the heels of one of the worst economic recessions in our country’s history. While the economy in most sectors remains reasonably strong, there are mixed signals on how much longer… Read more »