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Financial Management Update: Business Succession Plan
Do you have a business succession plan? Or do you have an exit plan (if you’re not planning to leave a successor)? This updated site has all of the in-depth information you’ll need to make the best decisions for your business before you retire.
Transferring Management of Family-Owned Businesses:
Developing an effective succession plan requires discipline, communication and teamwork. This comprehensive document guides you through the process.
Business Succession Planning: Prepare for Continued Success
With a business succession plan, you can help secure the future of your business, minimize estate taxes and maximize the wealth passed on to the next generation.
Dos and Don’ts of Succession Planning
This overview of the succession plan contains best practices, as well as mistakes to avoid.
Plan Your Exit
If you've ever given any serious thought to exiting your business, now is the time to start. Exiting is a multi-step process that can take weeks, to years, depending on the size of the organization and the reasons for exiting.
Mergers & Acquisitions
Thinking about merging with another business? This updated site has resources to help you determine the value of your business and case studies in how other businesses handled mergers, as well as the resources related to previous topics (cash flow management, competitive pricing and financial management) listed below.
Key Strategies of Business Acquisitions
If you are a business owner, you already know that sometimes the best business decisions are not always the easiest ones to make. Originally published in the 2009 first quarter SGIA Journal (an exclusive member benefit), Rock LaManna discusses the ins and outs of his business acquisition experiences.
Myths of Valuation
Understanding the factors that determine the value of your business will pay tangible dividends by providing ways to increase your firm's short-and long-run profitability. There is no time like the present to begin to understand what a business valuation is, under what circumstances a valuation is customarily completed, and the critical issues to watch out for when events dictate that you undertake a business valuation.
Opportunity Knocks
This economy is bringing opportunities to those that are looking for them. While a rush order can be welcome activity, there are more significant opportunities for those companies with revenues that are off 30-plus percent, and those companies that are fortunate to have flat or growing revenues, but still have excess capacity: Mergers and acquisitions.
Checking Purchase Price for Reasonableness
This article originally appeared in The Business Owner, a subscription-publication free to corporate members. Use the three-step test outlined here to determine if the price of the business you’re buying or selling is reasonable.
Control Your Cash Flow Management
Accelerate Cash Flow
This article originally appeared in The Business Owner, a subscription publication free to corporate members. Find out about how an early-pay discount could get your business paid, faster.
Case Study in Cash Flow Management
SGIA recently spoke with Greg Kitson about his experiences as President Mind’s Eye Graphics Inc. Learn how he tackles the cash-flow-management problems most businesses face.
Templates to Get You Started
Get on the right track to begin to measuring cash flow statements, financial forecasts and other business financial information with these helpful templates.
Credit Policies: Steps to Getting Paid
Learn about the six steps necessary to receive prompt payment from your customers.
Be Competitive with Prices
Pricing Software Report
Accurate job pricing and estimating is key to winning jobs. Price too high and you don’t win business. Price too low and you lose money. Learn to quote the best estimate with new software tools and a discussion of pricing best practices.
Negotiating Prices with Printer: A Print Buyers Perspective
Margie Dana, founder of Print Buyers International, discusses how print buyers evaluate estimates.
Make Your Prices Stick, Without Getting Stuck
Vince DiCecco, President and CEO of Your Personal Business Trainer, raises the question: Do you want to be busy or profitable?
Cost Drivers and Where to Lower Cost
Take a look at the other side of pricing — Costs — in this article from The Business Owner. Lower your costs, and increase profitability. The Business Owner, a North American Centric publication, is a FREE service for SGIA corporate members. Corporate members can subscribe now.
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| Sauër Lellelid |
Find Hidden Cash in the Stimulus Bill
SGIA’s Business Information Associate, Katy Sauer Lellelid, has read the entire 2009 American Recovery and Reinvestment Act (also known as H.R. 1) so you don’t have to!
- SGIA Members: check out her exclusive analysis and see how specialty imagers can save in 2009 with the new legislation.
Benchmark Your Business in 2009
Use SGIA’s new Industry in Review: 2008 Annual Report to better prepare for your specialty imaging future. This yearbook report provides a snapshot of the specialty imaging industry in 2008 as well as trends for the future. Order your copy today at the SGIA eStore ($49.99 members, $299 non-members).
Obtaining Loans In Today’s Economy
SGIA recently spoke with Dennis Grabow, Owner of Grabow Associates, LLC (a Chicago-based investment banking firm), to get an inside look at what it takes for specialty imagers to obtain loans in these troubled times.
Leasing: How it Can Work for Your Business
In a recession driven by a credit crisis, obtaining financing for the purchase of equipment can be tough. This article will tell you why leasing is good for your business and what you can do to get your company’s financing application approved. | March 15:
Financial Management
April 15:
Competitive Pricing
June 15:
Cash Flow Management
August 15:
Mergers & Acquisitions
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