Financial planning is an essential part of good business management. In fact, a detailed financial plan is a foundational element of every business. Your written business plan should include your financial plan. During this continued challenging time for businesses, don’t avoid looking at the hard realities of your business’s financial state. Now more than ever, you need to understand [...]
Many small business owners do not know the financial worth, or value, of their business in normal economic times. As the world has endured financial hardship over the last few months due to COVID-19, many business owners face tough decisions for the future. Knowing the value of the business is a great resource to inform decisions. What is a [...]
One common issue my business owner clients struggle with is trying to manage every aspect of their business themselves. Oftentimes, small business owners feel they must work tirelessly to keep their business on track. In my experience, this is not the case. In fact, business growth stagnates unless the right team is in place to help it grow. My [...]
Determining your business’s worth may not be as simple as it sounds. The overall value of a business includes a variety of factors and may be needed for many different reasons. Business valuation provides the answer to the question of what your business is worth. At Alliance Business Coaching, we offer a business value assessment to assist in valuing [...]
