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Recipe for Disaster…. Or Success?

Family-owned businesses often present the most challenging situations. If you have ever owned, worked in, or consulted with a family-owned business you know the pain of dealing with the problems inherent in this business situation.  The typical family business splits its time between trying to please the business and please the family. …

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Posted in Best Business Practices, Cash, CFO Services, Other

Working Capital — The Good, the Bad, and the Ugly 

Working capital is the excess of current assets over current liabilities and is a financial measure of liquidity or ability of a business to meet its obligations.  Current assets include cash, accounts receivable, inventory and other assets that are expected to be converted to cash within 12 months.


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Posted in Best Business Practices, Cash, CFO Services, Other

SMART Steps for Your Success

success

How successful were you in 2016? Did you achieve your personal and business goals? If you are like the majority of busy people, you didn’t write your goals down. There are many reasons not to write our goals but unfortunately most of them are negative.…

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Posted in Best Business Practices, CFO Services

Where Does the Bottom Line Actually Start? | How to have a Healthy GM

The Bottom Line

Have you ever wondered where the “bottom line” starts? It actually doesn’t start on the bottom. The “bottom line” starts up higher on the income statement with a healthy gross profit margin (GM). Simply stated, GM is the value of sales less the total cost of the product or service sold.…

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Posted in Best Business Practices, CFO Services

Exit My Business — Why Should I Plan?

I talk to many business owners and I always ask the question, “How and when do you plan to exit this business?” It never ceases to amaze me how many people tell me, “I am never going to leave my business; this is my life.” Let me put that myth to rest immediately.…

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Posted in CFO Services, Exit Strategies
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