Business
Budget Analysis and Your Small Business
Budgeting is something that most adults take into account when making financial decisions. From a personal perspective, creating a budget is practical and commonplace. So, should the approach to budgeting differ at all as it relates to a business? How important is a budget to a company’s overall functionality? And are financial forecasting and budgeting…
Read MoreQuantifying Business Interruption Loss from a Cyberattack
For all of the spotlight that cybersecurity has received over the last several years, there are still an alarming number of businesses consistently failing to protect their data. Even worse, when these organizations ignore the threat of a cyberattack they are also putting their clients’ data at risk. In the first half of 2019 alone,…
Read More7 Tips for Effective Succession Planning
Research estimates that more than 66 percent of companies lack any type of formal succession plan for their organizations. But in today’s fast-paced, constantly-evolving markets, establishing a succession plan is critical for success in the present and in the future. Massaging talent to eventually fill leadership roles means positioning a company to retain their talent…
Read MoreDoes Your Business Need an Operational Review?
Organizations across every industry tend to have an “if it’s not broken, don’t fix it” attitude towards their business processes and workflows. Successful companies, understandably so, are hesitant to rock the boat in creating new methods both internally and externally. Change is difficult in any department – from marketing to sales to human resources, and…
Read More9 Things to Consider Before Buying a Business
Business owners come in all shapes and sizes. For some, building a company from the ground up is the essence of entrepreneurship. For others, however, the thrill of entrepreneurship comes from the ability to buy an existing business and grow (or save) the company. Generally speaking, the process of buying a business is a long,…
Read MoreA Deeper Look Inside the IPO Process
In 2018, the median IPO deal in the United States was $108 million. Globally, Hong Kong leads the ranks as the country with most company IPOs. Taking a company public is arguably one of the most challenging and laborious processes in the business world. Dependent upon the size of the company, the IPO process can…
Read More7 Critical Things to Know Before Seeking a Business Valuation
An organization will conduct a business valuation for all kinds of reasons. In fact, many experts recommend doing an assessment of company’s value on an annual basis. The reality is that knowing the value of a business with regard to its actual worth, in relation to its market competition, and understanding its asset and income…
Read More9 Most Common Types of Business Fraud
Business owners handle headaches that come in many forms – from staffing issues to internal strategy and from competitive climate to external market trends, the list is seemingly never-ending. One headache that a business owner hopes to never deal with is fraud. Unfortunately, business fraud is far more common than many entrepreneurs imagine. While the…
Read MoreBusiness Valuation in Divorce
When a couple decides to get a divorce, there are a wide range of financial factors that will come into play while dividing marital assets. Equitable distribution refers to the division of assets and liabilities during the divorce process. All of these financial figures will be based on the fair market value at the time…
Read MoreThe Marriage of Business Planning & Business Valuation
Business owners today are normally consumed with worries like budgets, bettering their product and/or service, and retaining a happy, productive staff. These worries often lay the foundation for how the company is able to run efficiently, no matter where a company is in its lifecycle. While the scale of these worries certainly varies in a…
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