Last month, I wrote about how Key Indicators Force Businesses to Maintain Focus. I also mentioned the seemingly endless list of things that can cause a business to lose focus. As many of us are returning from a long July …
Last month, I wrote about how the Components of a Financial Plan should “Hang Together”! Once you’ve developed a financial/business plan and have a “common point of view” among your executive team, the challenge turns to implementation. One of the …
Last month, I wrote about the importance of having a financial plan as a roadmap to your company’s progress to achieving forecasted levels of profitability. This month, I want to discuss the components of your plan. There are many books, …
Operating a business without a financial plan is like randomly driving around in your car and hoping to get to the right place! Businesses need financial plans for many reasons. Often, banks require a business or financial plan to support …
