Planning for Financial Sustainability

Our last several blogs have covered the need for businesses to carefully monitor their financial status and strategize for the future in order to better meet their goals. Too often businesses run with a generic goal of “making money” or “becoming more profitable.” While there’s nothing wrong with making money, this is a short-term goal….

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Financial Strategy is Your Roadmap for Success

In our last blog, we talked about why your business needs financial projections. Financial projections are an important part of financial planning. Yet, as with any type of goal setting, the most successful people don’t just plan, they strategize, examine all the angles of their goals and their environment, and continually shift their strategy as…

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Why Your Business Needs Financial Projections

Do you have specific goals for growing or improving your business? Are you planning to hire more employees, expand your product line, or add to or renovate your space? In order to plan for the future, you will need to learn to create detailed financial projections. Financial projections provide the insight necessary for business owners…

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Importance of Having Financial Projections

Do you have specific goals for growing or improving your business? Are you planning to hire more employees, expand your product line, or add to or renovate your space? In order to plan for the future, you will need to learn to create detailed financial projections. Financial projections provide the insight necessary for business owners…

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Accounting for the Five Ds in Your Business Succession Planning

When business owners begin succession planning for the future of their companies, it is important to consider what strategies need to be prepared in the event you must transfer ownership of your business due to one of the five Ds. Knowing these and having a plan in place for each can ensure that your business…

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Is Your Leadership Group a Cohesive Team? These Six Business Behaviors Answer that Question

A cohesive leadership team can be a powerful force, leading organizations to new heights of success. Yet building such a team takes a deliberate commitment to identifying the right leaders to fill positions and then instilling the behaviors and values necessary for continued business success. A cohesive team will trust each other enough to challenge…

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5 Reasons Why Building a Strong Leadership Team is Worth the Investment

Plenty of tips and tricks for successful leaders and leadership styles flood the atmosphere and can create confusion and contradictory messages. However, we’ve sought out the five most common and impactful reasons you should invest in developing the best leadership team for your business. Regardless of the current state, size, or direction your business is…

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What’s Holding Your Leadership Team Back from Greatness?

Building and maintaining a strong leadership team is crucial for business success. As a business leader, you set the tone for the communication and collaboration you expect of senior team members and all executives. Understanding how critical these expectations are, and how to frame them correctly can shape the construction and operation of your leadership…

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Is Your Leadership Team Performing at a High Enough Level?

As a business owner, have you ever stopped to assess how strong your leadership team is? The abilities, communication styles, processes, and efficacy of your designated business leaders, or management team, are critical. Periodically evaluating your leadership team is also a key component of making sure your leaders are on track to meet goals and…

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How Understanding Your Family Business Culture Helps Ease Ownership Transitions

When it comes to your family business, culture plays a critical role. The business’s values, habits, and structure significantly shape its productivity, decision-making, profitability, and community impact. The complex culture that undermines your company can have a major impact, good or bad, on what happens when it’s time to sell your firm or transition ownership…

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