Art's Articles & Media
Lessons from the Unofficial Organizational Chart
Leading a business comes with high pressure and high stakes. How do you respond when everyone is leaning into you for answers, directions, and advice? Being at the top can be lonely, especially when the urgencies of the day are competing for your attention. Do you feel you have limited time to focus fully on…
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Exit Planning Strategies in 2023
Economic conditions such as high market demand for profitable businesses, labor shortages, and economic uncertainty in the year ahead are bringing many business owners to the point of selling their business. Whether a business sale is on the short-term horizon or a consideration in five years, the sale will be one of the most significant…
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Why Pruning Your Business Could Create a Path for New Growth?
It seems counterintuitive to cut off branches, leaves, or even roots to get larger, fuller plants. And yet, it’s one of the most important tasks for a thriving, healthy garden. Just like a garden, a healthy and thriving business requires an Owner who can tend to the health of their business by pruning or removing…
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10 Financial Metrics To Monitor for a High-Performing Business
Regardless of the size, age, or industry, all companies need to consistently monitor their financial performance. Long-term success and goal achievement greatly depend on generating revenue and managing your financial metrics. Having trackable metrics with benchmarks ensures healthy business performance. By tracking and monitoring specific financial metrics over time, the business owner can gauge cash flow management, profitability, management of debt, and health of the company’s sales. Financially sound companies are extremely mindful of many of the metrics…
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13 Point Year-End Planning Checklist for Your Business
Many of us are eager for 2020 to come to a close. December is the time of year when your business really needs your attention, especially with regard to finances. Year-end finances are often overlooked. But with proactive preparation, you can save money at tax time and be better prepared for any unexpected financial urgency…
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For Businesses Facing Financial Uncertainty, CFO Leadership Can Provide A Clear Direction
As we look to the future of our post-pandemic world, businesses must diversify revenue streams, reduce risk, get financing, and retain existing customers—many of whom will have different expectations in a new-normal environment. The tectonic shifts brought on by COVID-19 are creating opportunities for businesses to improve their operations and pivot their business models. Many…
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Planned to Sell or Exit Your Business in 2020—What To Do Now?
One question that comes up in many of our conversations with business owners is, “when is the right time to sell?” The answer typically is “when everything is going well.” Many owners were having conversations with potential buyers in 2019 and early 2020 when the economy was strong and business value was high—then the pandemic…
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Planned to Sell or Exit Your Business in 2020—What To Do Now?
One question that comes up in many of our conversations with business owners is, “when is the right time to sell?” The answer typically is “when everything is going well.” Many owners were having conversations with potential buyers in 2019 and early 2020 when the economy was strong and business value was high—then the pandemic…
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Keep Your Revenue Flowing Smoothly
For most businesses, establishing recurring revenue isn’t only good for business, it can play a key role to ensure you receive top value when it comes time to sell. Recurring revenue streams come in all sorts such as: Creating services or retainer plans Offering physical product subscriptions Building a membership for coaching or consulting services…
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5 Financial Models Every Business Owner Should Use
Successful business owners know the value of using financial modeling to guide sound decision-making and forecast future outcomes. Financial models are used to project the performance of a company, evaluate business and financial investments, and help uncover and avoid potential risks. Below is a list of some key financial models that can bring powerful insights,…
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