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How to Read a Profit and Loss Statement

How to Read a Profit and Loss Statement

A small business owner may have many aims, but if those aims do not include and result in profits, no business will remain. As renowned auto industry executive Lee Iacocca said, “In the end, all business operations can be reduced to three words: people, product and...
13 Tips for Effective Succession Planning 

13 Tips for Effective Succession Planning 

Business owners or senior executives when starting or running a business of any size may not begin each year thinking about exiting the business or creating a succession plan. Yet, succession planning should be an essential part of every business’s planning process...