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Success in Succession
Success (or Lack Thereof) in Succession Planning for Businesses Handing over a business is more than a title change—it’s a financial and operational shift that can make or break a company. Without strong cash management, realistic growth strategies, and proper mentorship, even a successful business can falter. This case study reveals how a second generation machine shop faced financial instability
Mentoring – Who Are You a Mentor To?
A key suggestion for all newly minted employees is to “find a mentor.” A mentor can provide valuable advice for
Manage by Exception
Every business owner is buried by information. There aren’t enough hours in the day to read, digest and then decide
What About Payment Terms?
Part of the I don’t know what I don’t know series This is seemingly a very simple topic, but it
Never Stop Learning
Lessons From My Father When I was in college I had no idea what courses to take, because I didn’t
What about Using Credit?
Part of the I don’t know what I don’t know series No business owner wants to borrow money. It strains
What about Cash Flow?
Part of the I don’t know what I don’t know series Everyone wants more cash, and a business is no
Put Your Toes in the Grass, but
Keep Your Head in the Game
5 things to keep your eyes on this summer It’s summer, and you’re planning a three-day weekend or vacation with
Keeping Honest People Honest
Are the people who work for you honest? Of course – or are they? Internal controls are designed to keep
4 Tips to Eliminate Fear from Sales
In my years of working with entrepreneurs, small business owners and even the top sales folks in companies there is
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