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6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously quoted, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers, will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what you do…
Read More6 Business Exit Strategies Demystified
As a business owner, you may have considered the possibility of exiting your business at some point. Whether it’s due to retirement, a change in career, or other reasons, it’s important to have a plan in place for a smooth and successful exit. In this article, we’ve compiled a comprehensive list of 6 business exit…
Read MoreFinancial Vigilance: The Business Owner’s Guide to Preventing Embezzlement
Embezzlement is a serious financial crime that occurs when a trusted individual within a business unlawfully misappropriates funds or assets for personal gain. This betrayal of trust not only results in financial losses for the company but also inflicts a deeper wound by breaching the faith placed in the perpetrator. Safeguarding against embezzlement requires robust…
Read MoreNavigating the Right Time to Hand Off Your Business: A Strategic Guide
As a business owner, the decision to hand off your beloved enterprise is both momentous and emotional. Whether you’re contemplating retirement, pursuing new ventures, or simply recognizing the need for change, timing plays a critical role in this significant transition. In this article, we explore the considerations for determining the right moment to pass the…
Read MoreDemystifying the Employee vs Independent Contractor Rulings
As business owners continue paving the way through 2024, it is important to keep up to date with the latest regulations, including a final ruling recently issued by the US Department of Labor (DOL) that changes the guidance to determine how workers are classified under the Fair Labor Standards Act (FLSA). The FLSA sets the…
Read MoreWhat is a Good Gross Profit Margin? Tips to Improve GPM and Drive Profitability
As the year ends, it’s essential to keep your business’s financial health n mind. Whether you are running a small business or a large enterprise, the fourth quarter can be a make-or-break period for achieving your financial goals. The good news is there are several things you can do to ensure that your business ends the year…
Read MoreSurviving the Black Clouds in Business
Attempting to eliminate or prevent all worry in business is a fruitless pursuit. At any given time we can find ourselves tiptoeing through land mines and navigating unexpected twists and surprises. CEOs and owners who desire to build a business of significance and success often get derailed by would B2B CFO calls “black clouds”. Removing…
Read MoreEnhance your company’s value within the current economic landscape
What drives long-term value in your business? Successfully owning and growing a business requires hard work, sacrifice, and commitment. Whether you recently launched a new business or are entering your fourth decade of owner- ship, most business owners eventually plan to exit their business. No matter which path they choose, working on plans to consistently…
Read MoreStrategies to Build Company Value Even In Uncertain Economic Times
Successfully owning and growing a business requires hard work, sacrifice and commitment. Whether you recently launched a new business or are entering your fourth decade of ownership, most business owners eventually plan to exit their business. No matter which path they choose, working on plans to consistently maximize value today, will positively impact your company’s…
Read MoreHow to Find the Right Strategic Business Advisor For Your Company
Starting a new business and then growing it comes with countless challenges. That’s why the support and guidance of a professional business advisor can be invaluable. These experts have the knowledge and experience to help entrepreneurs navigate the complexities of running a company, providing essential advice and strategies for success. Hiring a business advisor or…
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