Keep Your Business in the Family with First Bank of the Lake As a business owner, you’ve dedicated countless hours and immense effort into building your company. Now, as you consider retirement, you might be thinking about selling your business to a family...
Are You Doing It Correctly? In the world of small business, one crucial aspect that often gets overlooked is inventory management. Properly managing your inventory can have a major impact on your bottom line, cash flow, and overall business success. In this article,...
What Do Buy-Sell Agreements Cover? Successfully owning and operating a business comes down to preparation and follow-through. One area you may not be considering when you’re building your company is what happens if you or another part owner dies or becomes...
How Can You Measure Your Company’s Performance? In the world of startups and entrepreneurial ventures, success is often equated with revenue, as many small business owners and investors prioritize revenue growth as the ultimate indicator of their company’s...
Plan Ahead for the Continuity of Your Business The concept of business succession is having a unique moment of public interest thanks to the popular television series. But if you run a business, the need for a succession plan is very real and very important. Taking...
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