The Prosperity Playbook: Planning for a Successful Family Business Succession
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The Prosperity Playbook: Planning for a Successful Family Business Succession
When are your clients or customers most eager to reengage or tell their friends about your company?
A Financial Operating System (FOS) includes three separate but interconnected systems:
Annual goal setting and planning is a must-do activity.
Lower your costs and improve your efficiency by instituting an annual process for improving the effectiveness of each process in your business.
Change your mind-set to prioritize bottom-line growth over top-line growth.
Overhead expenses are the overall costs of running the business outside of cost of goods or services sold.
Professional services firms’ need for cash is determined by looking at the size of their payroll and the time the average day’s accounts receivable takes to get paid, plus monthly overhead.
Set a goal for the result of each project, and measure your progress toward the goal. The way you measure is relevant to the project chosen.
Other overhead costs, such as donations, interest, professional fees, bank charges, and postage