Posts Tagged ‘cash flow’
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 More
Uncovering 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…Read More
Business Owners Must Avoid the Glider Path
I know a doctor who built a great practice and then unintentionally ruined it. Doc was a hard worker. He had earned his way to a comfortable retirement. But then he made a critical mistake. He took his foot off the gas. He figured he could glide for a few years before selling the business. He…Read More