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- 2026
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Choosing a Successor: Eight Tips
It’s not easy to decide to step down from your position leading a company. But when the time is right and the decision must be made, how do you choose who should lead your business into the future? Here are eight tips to guide the transition.
Steps to Business Profitability
Profitability is the ability of your business to earn a profit. A profit is what’s left of your generated revenue after you pay all your expenses, such as the ones involved in producing your product. So how do you analyze profitability? You want to generate enough revenue to more than cover the expenses you incur.
Top Benefits of Hiring Outsourced Accounting Services
Do you outsource HR and IT but feel squeamish about letting someone else get too close to your numbers? You probably have a fluctuating need for a bookkeeper, an accountant, a controller and a chief financial officer. You could hire all these people, but outsourcing can provide these services when you need them at significant cost savings.
Construction: How to Manage Your Cash Flow
Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn’t easy, but it’s even more complicated in construction because no project is the same and change orders can drive you crazy.
Scenario Planning as Part of the Strategic Planning Process
The COVID-19 pandemic disrupted businesses in several major ways — some good, some not so good. One positive change is the acceptance of scenario planning as a way to build resilience and preparedness into a business’s strategic plan.
Tax Planning: A Year-Round Task
Tax planning is a 12-month activity. It’s not something you try to fix fast as Dec. 31 approaches or a task to panic about right before April 15. Below are some items you can address throughout the year, in conjunction with your tax adviser.
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