This month we have a guest blogger with considerable experience helping businesses create business plans.Irene Didinsky writes this insightful article that is appropriately timed given that tax season is upon us.
A Business Plan is a key to success of any company, new or existing. A Business Plan serves two purposes, an internal management tool and [...]
Recently I was working with a client preparing projected Cash Flow statements for an IT business acquisition. He was concerned about a small negative net income number in the initial year of the pro forma income statement. He felt the bank that would be financing the deal might be concerned enough not to proceed with [...]
Happy New Year!
Growth is good, profitable growth that is. I believe that in tough economic times, businesses who resist the temptation to withdraw into a shell and play defense may be missing a grand opportunity to seize market share and prosper. One of the often forgotten strategies followed by the Japanese auto makers was one [...]
September 2008 has brought to a boil serious economic issues that have been simmering for the past 18 months. So, what does this mean for small businesses as they attempt to navigate a potential financial minefield? Now, more than ever, is a time to focus on fundamentals: profitable, value-creating growth.
Many businesses owners might react to [...]
Business Transfer Bulletin Blog – Advice for Selling or Buying a Business
I decided to create this blog after numerous conversations with owners of small businesses for sale which revealed the paucity of usable and comprehensive information about business transfers. Few indicated that they were comfortable navigating the labyrinthine process of selling a business. A conversation [...]
