There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of […]
Strategy
2 posts
Should a family owned business attempt to apply the same levels of governance (processes, policies and customs) as other businesses? Of course it should – at a minimum! All businesses need to apply governance processes to two groups – shareholders (owners) and directors (management). A family owned business has a […]