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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

Mar 25 2025
Oct 26 2017

If you don’t know – You can’t grow

Business owners make decisions daily, either by using Intuition or Knowledge. In the initial stages of their business, entrepreneurs use

Oct 26 2017

Is Your Business Scalable? Prepare for Growth!

Scalability is the key to growing your business. How can you serve new customers, additional inventory and manufacturing space? Can

Sep 26 2017

Leadership & Procrastination:
The cost of doing it later…

How do you make decisions? How do you gather the information you need? How long do you wait for that

Aug 30 2017

Seven Decision Making Models –
What’s Your Style?

The most frequent activity in any business is Decision Making. Most of those decisions we don’t even consider decisions, because

Jul 21 2017

How to Save Money in Your Staff Meetings

No one is ambivalent about staff meetings. You either think they’re critical to running your business, or you consider them

May 16 2017

Accounts Receivable
Six Steps to Managing Customer Collections

It doesn’t make any difference what you think, a sale isn’t a sale until you collect the cash.   So, how

May 16 2017

Three Ways to Process Payroll
What do you need to know?

As a small business owner, there are some things that you know you’re expert at. Sometimes you do things because

Apr 15 2017

5 Ways To Manage Your Inventory And Improve Your Cash Flow

As a business owner, any improvements you make in Cash Flow Management are going to be based on three factors

Apr 15 2017

Your Business Financial Statements:
What You Need to Know!

Often, I meet with business owners that are embarrassed that they don’t understand the basics of Finance. If you don’t

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