Posts Tagged ‘business owner’
Your Business Is Profitable—But Could You Still Go Broke?
You might be excellent at running your business—but do you know how to manage your company’s finances? Even if your business is profitable, your cash flow may still suffer if you ignore your numbers. You want to see a business owner squirm and run out of the room? Start talking about cash flow and financial ratios.…
Read MoreHow A Laissez-Faire Approach To Management Increases The Value Of Your Business
In many businesses, management functions as the hub of the company’s “wheel.” Without the hub holding together the spokes — the suppliers, employees, and customers — the wheel can’t turn. As a business owner, it’s easy to think that by micromanaging, you’re setting your company up for a successful sale someday. But, really, you might…
Read MoreUncovering Your Company’s True Value With Normalized Financial Statements
Having a professional business valuation can be eye-opening for both the buyer and the seller of a company. In some cases, a seller might have a magic number in mind of what the business is worth only to eat a big spoonful of humble pie when the true valuation is unveiled. A buyer wants to…
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