by Patty Lawrence | Budget & Forecasting, Business Management
If you sold your business tomorrow, do you know what it would be worth? Not what you hope it would be worth. What a buyer would actually pay. The reality is, many business owners don’t know the answer to that question, and that’s not a criticism....
by Patty Lawrence | Budget & Forecasting
“You can’t change what you don’t measure” If you’re like many entrepreneurs and business owners I talk to, you probably ask yourself, “What’s all this fuss about a budget? I know what’s going on with my business.” That may be true now, but...
by Patty Lawrence | Budget & Forecasting
Your ability to continue operations when your competitors can’t is seen as a strategic advantage. And it will ultimately increase the value of your company. I helped one of my clients develop a succession plan that did just that. She was hiring for a key position in...
by Patty Lawrence | Budget & Forecasting
Want to know my favorite discussion topic when clients are mapping out their strategy when they desire to sell their business? The asking price. It’s so rewarding to see all of their business-building sweat equity turned into cash, and my client heading off to their...
by Patty Lawrence | Budget & Forecasting
What gets measured gets managed. That’s why measuring is the starting point of effective financial management in your business. It can take a lot of forms, but the bottom line is you want to measure what’s important in your business – and that may not be the...
by Patty Lawrence | Budget & Forecasting, Cash Flow, Profitability
Do you ever feel like you’re so busy in your business, but after everything is said and done, there’s no money left to pay yourself? That’s exactly how Renaldo felt. As the owner of a small service business, he was known by everyone around him as a success. He was...
