You have to understand your business today\u2026<\/h2>\n\n\n\n

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Revisiting Business Strategy<\/h3>\n\n\n\n

Does my current business strategy align with my long-term growth goals?<\/p>\n\n\n\n

Can my plan be adjusted to match the current landscape?<\/p>\n\n\n\n

What trends in the market today impact those decisions? <\/p>\n<\/div>\n\n\n\n

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Revenue Generators<\/h3>\n\n\n\n

Have I broken down my profitability by service offerings and product lines?<\/p>\n<\/div>\n\n\n\n

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Monitor Spending<\/h3>\n\n\n\n

Do I know in what areas I am over and under budget?  <\/p>\n\n\n\n

How often do I compare my actual spending to my budget? <\/p>\n<\/div>\n\n\n\n

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Cash Flow Analysis<\/h3>\n\n\n\n

Does my current cash flow forecast allow me to fund operations and expand my business for the next 12 months? <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Operational Efficiency<\/h3>\n\n\n\n

Am I allocating business resources appropriately?<\/p>\n\n\n\n

What technologies am I leveraging to increase operational efficiency?<\/p>\n<\/div>\n\n\n\n

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Financial Components<\/h3>\n\n\n\n

What financial ratios do I need to look at in order to best evaluate the financial strength of my business?<\/p>\n\n\n\n

Have I conducted a break-even analysis? <\/p>\n<\/div>\n\n\n\n

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Management Compensation<\/h3>\n\n\n\n

Do I have the right key employees to grow my business and how do I keep them motivated?<\/p>\n<\/div>\n\n\n\n

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Benchmarking<\/h3>\n\n\n\n

When was the last time I compared my business metrics to industry averages? <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section>\n<\/div>\n<\/div><\/section>\n\n\n\n

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\u2026in order to grow tomorrow<\/h2>\n\n\n\n

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Product Expansion<\/h3>\n\n\n\n

Have I done an analysis of the costs associated with starting a new product or service line?  <\/p>\n<\/div>\n\n\n\n

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Market Expansion<\/h3>\n\n\n\n

Do I have the business capital to expand into new markets and will it be sustainable?<\/p>\n\n\n\n

How do I effectively penetrate new markets? <\/p>\n\n\n\n

Does my plan account for the costs of marketing and business development?<\/p>\n<\/div>\n\n\n\n

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Employee Incentive Plans<\/h3>\n\n\n\n

Who are my key employees and how can I motivate them to grow revenues while containing costs? <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Joint Ventures<\/h3>\n\n\n\n

What are the economic pros and cons of entering into a joint venture to increase my capabilities?  <\/p>\n<\/div>\n\n\n\n

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Mergers & Acquisitions<\/h3>\n\n\n\n

How can I best navigate mergers and acquisitions? <\/p>\n<\/div>\n\n\n\n

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Valuations<\/h3>\n\n\n\n

When and why should I get a valuation on my business? <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Sources of Funding<\/h3>\n\n\n\n

Equity or debt financing, which is right for my company at its current stage in the business lifecycle? <\/p>\n<\/div>\n\n\n\n

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Tax Credit Subsidizing<\/h3>\n\n\n\n

What tax credits are available to my business as we continue to expand? <\/p>\n<\/div>\n\n\n\n

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Banking Relationships<\/h3>\n\n\n\n

Will my current banking relationship(s) provide the opportunity to fund business growth?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section>\n<\/div>\n<\/div><\/section>\n\n\n\n

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How far do you want to go?<\/h2>\n\n\n\n

Thought starters to get the ball rolling<\/p>\n\n\n\n

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SUCCESION PLANNING<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n

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WHAT’s YOUR INDUSTRY<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n

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TAX PLANNING<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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