Blog

The extent you need to plan for your business transition depends on if you want to completely let go of your business or if you want to maintain an element of control while not being involved in the day to day operations. Transitioning the operations of the business You might want to retain ownership of your business without being involved in the day to day operations. You need the flexibility

Contrary to popular belief, tax rates in the United States has actually gone down when compared to historic times. Take a look at this interactive chart from http://qz.com/74271/income-tax-rates-since-1913/   However, this trends of reduced tax rate is not expected to continue into the future. The Census Bureau estimated that by 2029, the baby boomer population will be approximately 61 million which is about 20% of the US population. These boomers

Growth is achieved with a varying amount of strategies. In fact, two companies can pursue completely different strategies but yet grow at equally the same rate. It's all about the long run: Where do you want to be and what do you want to be known for. What is the best way to get there? Growth is driven by the amount of value you put out to your market. The

As a business grows, there is a need to standardize processes, outputs or jobs. This continuity is needed so that the business can continue indefinitely without the consistent detailed attention of its founder in all areas. Key events and processes that should be documented are: Organization history, mission and vision: organization history is not a process but should be well documented Strategic management Finance, forecasting and budgeting Marketing Human resources

Long term sustainable growth of a product is based on its ability to generate increased cash flow. Cash flow of a product is determined by its position in the market. According to the Boston Matrix, there are four positions a market can occupy namely: Cash cows: Products with high market share and slow growth are called cash cows. Cash cows generate large amounts of cash in excess of the re-investment