Get a Running Start for Your Business
Profit planning is the process of setting financial goals and creating strategies to achieve them. It involves analyzing your current financial situation, estimating future income, and projecting revenue and expenses. In doing so, your plan should set a course for how you’ll handle profits and anticipate risks.
Realistically, though, what does a profit plan look like?
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What Does the Long-Term Look Like for Your Business?
If retirement may be on the horizon within the next few years, the first thing to start thinking about is who your small business will go to next.
As a small business owner, you have a responsibility to your employees and to yourself to make the most of the company you’ve built over the years. A small business succession plan establishes a how-to model for how your business can continue to operate after your retirement.
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