Many Businesses Fail Because of Poor Cash Flow Management - Don’t Be One of Them. Cash flow refers to the movement of money flowing into and out of a business. Positive cash flow is when you bring in more money than you spend. It is what every business owner strives for because it enables you to pay your liabilities and invest in your business. Conversely, if you are spending more money than you are bringing in, it is called negative cash flow. W...
Providing Strategies for Transferring Business Ownership to the Next Generation - or New Leadership. Developing and implementing a well-designed succession plan is essential to the survival of any family business. Yet, while eighty-five percent of family-owned firms have identified a family member as a successor, just one in eight has a succession plan in place. Are you one of them. If you already have a succession plan in place, then you’re alre...
