For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?
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Topics: Business Evaluation, Business Improvement
Busy leaders need to focus on the needs of customers, prospects, employees, regulators, suppliers and so on. However, we encourage these leaders to also take an active interest in the FINANCIAL health of their business.
Conducting a periodic self-audit or financial health check helps identify areas for improvement and ensures the business remains on track towards the financial goals.
Here are some important topics to cover in a self-audit.
Read MoreTopics: Business Evaluation, Business Improvement, Accountability
All businesses should review their expenses periodically.
Prudent expense management helps ensure that valuable cash resources are used wisely. And sometimes, a business may NEED TO reduce expenses as a matter of survival.
No matter what the circumstances, here are some Best Practices in reviewing and managing expenses.
Topics: Business Evaluation, Business Improvement, Wealth Creation
Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.
Let's look at how a multiskilled accounting function can provide critical support to enable the best outcomes.
Read MoreTopics: Business Evaluation, Business Improvement, Tax Planning, Debt Management, Business Continuity Planning, Cash Flow, Efficiency, Profit, Growth, Optimisation
Selling your business might be far from your mind right now. Perhaps you just started and/or it’s going fabulously well. Don’t fix something that’s not broken, right?
Read MoreTopics: Business Evaluation, Retirement Planning, Business Planning
