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Although many business owners wish to pass their businesses on to future generations of family members, less than 30 percent ever do. Why? More often than not, it’s due to a lack of succession planning. Developing an effective plan to transfer the ownership of the company you’ve worked so hard to build isn’t easy. It […]
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The coronavirus pandemic has affected businesses all over the world Ð some hindered, some helped Ð but nevertheless affected in some way. As 2020 winds down, that’s a sobering fact to consider. But it can also provide motivation to conduct a thorough and thoughtful review of your business and financial position. With still so much […]
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Last year, the pandemic and subsequent business restrictions and supply chain interruptions stressed cash flow streams for many businesses. In fact, a recent survey states that the “interruption to cash flow” was the greatest problem experienced by businesses. So, now that many businesses have reopened across the region and states have largely dropped restrictions, assessing […]
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As a small business owner, you may be tempted to not concern yourself with performance data outside of your P&L. If numbers are moving in the right direction, slowing down to ascertain your company’s health may seem unnecessary—especially when daily operations and new project plans leave you with little time for much else. But if […]
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We all have to make hundreds of decisions every day. And, the quality of our decisions determines how successful we will be both at work and at home. While most of us believe that making objective, metrics-based decisions will lead to superior outcomes, the truth is that most decisions are actually made emotionally. It takes […]
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As a business owner, focusing on the big picture is a priority. Business administration often takes a back seat to generating revenue and managing client needs. And, that’s what fraudsters count on. They use your distraction to their advantage. It only takes a few moments for fraudsters to identify vulnerable areas within an organization. Owners […]
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Continued economic growth and recovery bodes well for the regionÕs businesses. Although not as robust as 2021, economic activity is forecasted to remain positive this year. Already, data and statistics compiled for Q3 2021 give businesses several reasons to be optimistic going forward. In Connecticut: The Department of Labor reports: The unemployment rate continues to […]
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Use this four step checklist to determine if the money you’re spending on advertising and promotion is bringing the results you expected.
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Is your strategy causing a growth stall? Here's how you can build the clear path needed to grow your business.
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Here are five ways to re-invent or re-visit your strategy to help you succeed in business over the next twelve months.
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