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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
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
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
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
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
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
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
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
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
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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