As a small business owner, you know that the preparation of your annual budget is one of the most important financial processes you undertake every year. Your budget is your roadmap for planning your expenses, which govern all components of your business, including...
When business is robust and your cash flow is positive, there is a tendency for some entrepreneurs to put financial analysis on the back burner. After all, there’s more money coming in than going out, and there are more than enough funds to cover payroll; so why spend...
Companies thrive when they are staffed by seasoned, competent, and knowledgeable professionals at all levels of the organization, including the C-suite. But for most small businesses, it doesn’t make financial sense to hire a team of highly executives, especially when...
As an entrepreneur, getting a handle on the financial health of your company is just good business, whether you’re looking down the road at a buy-out or you’re planning for future growth. In order to maximize the value of a professional business valuation, however,...
Congrats, your business is thriving! Your revenue is strong. Profits are growing. Cash is accumulating in the bank. Your customers are happy and so is your staff. You’re starting to wonder if now is the right time to expand your business; but you’re concerned that...
Cash flow is one of the economic factors used to determine the value of your business. You may have heard the term “cash flow” before, but that doesn’t mean you’ve got a solid understanding of what it is, or what it means for your business valuation. If you’re looking...
