The succession planning process is essential to any business, regardless of the times. However, when times are uncertain, planning ahead becomes even more critical. As of this writing, various factors ...

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

A business plan is an important document for entrepreneurs of all stripes – whether you’re just starting out or have been in business for a longer period of time. Your business plan tells lenders and ...

Business succession planning is widely recognized as a crucial component of ensuring a company’s longevity. However, many owners still lack formal plans in place. How common is business succession ...

Success does not happen by chance – businesses need to plan for it. The process of business planning helps you describe the state of your business now, what you want to achieve, and the steps you will ...

As a kid, I remember my dad--the quintessential methodical, organized engineer--sitting me down at the kitchen table for his favorite bi-annual lecture: "Planning For Your Future." His yellow legal ...

Many integrated business planning processes fall short of delivering the full value they can provide. Too often, companies enter into IBP with the wrong vision and intent, seeing it mainly as a way to ...

The classic business plan writer is an entrepreneur seeking funds to help start a new venture. Many great companies had their starts in the form of a plan that was used to convince investors to put up ...