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CHARLESTON — Determining when to begin the thought process for selling a business is often a product of the age of the owner(s) or financial need.
CHARLESTON — The concept of managing “by the numbers” has varying degrees of meaning. Many business and financial managers know their operations well enough that they don’t really need a lot of financial information in order to monitor and manage their companies. They often rely on tracking cash flow as their preferred method of managing by the numbers.
CHARLESTON — Most businesses can benefit from an additional focus on the company’s financial performance. This is especially true for smaller companies and professional service firms where it is not practical to employ full-time financial personnel.
Welcome to my new column. The focus of this column will be to discuss financial and business concepts that may be of assistance to the readers of The West Virginia Record. However, I wanted to begin with some positive thoughts about our nation’s economic future.