Our last several blogs have covered the need for businesses to carefully monitor their financial status and strategize for the future in order to better meet their goals. Too often businesses run with a generic goal of “making money” or “becoming more profitable.”...

In our last blog, we talked about why your business needs financial projections. Financial projections are an important part of financial planning. Yet, as with any type of goal setting, the most successful people don’t just plan, they strategize, examine all the...

Do you have specific goals for growing or improving your business? Are you planning to hire more employees, expand your product line, or add to or renovate your space? In order to plan for the future, you will need to learn to create detailed financial projections....

When business owners begin succession planning for the future of their companies, it is important to consider what strategies need to be prepared in the event you must transfer ownership of your business due to one of the five Ds. Knowing these and having a plan in...

A cohesive leadership team can be a powerful force, leading organizations to new heights of success. Yet building such a team takes a deliberate commitment to identifying the right leaders to fill positions and then instilling the behaviors and values necessary for...

Plenty of tips and tricks for successful leaders and leadership styles flood the atmosphere and can create confusion and contradictory messages. However, we’ve sought out the five most common and impactful reasons you should invest in developing the best leadership...

Building and maintaining a strong leadership team is crucial for business success. As a business leader, you set the tone for the communication and collaboration you expect of senior team members and all executives. Understanding how critical these expectations are,...

As a business owner, have you ever stopped to assess how strong your leadership team is? The abilities, communication styles, processes, and efficacy of your designated business leaders, or management team, are critical. Periodically evaluating your leadership team is...

When it comes to your family business, culture plays a critical role. The business's values, habits, and structure significantly shape its productivity, decision-making, profitability, and community impact. The complex culture that undermines your company can have a...

Owner dependence has a considerable impact on a business and the potential sale process. This impact comes into play when it’s time to assess valuations and taking the business to market.  Buyers, as well as communities and customers, will want to know about the roles...