Achieving the Business You Want

Kirchenbauer, Lisa A. K.
March 2010
Journal of Financial Planning;Mar/Apr2010 Practice Management, p14
Academic Journal
The article offers actions steps to move a business in the right direction. For lifestyle-based business (LBB), it notes to identify the real purpose of the business and to gain sense of the steps that should be undertaken and keep the order of its personal financial house, including cash flow needs, retirement savings required and life insurance. For an equity-based business (EBB), it recommends to hire an accountant to get the business finances in order and consider using assessment tools to build a solid and coordinated team that is aligned the needs of EBB. Several reminders on how to keep these businesses to move forward and check their progress along the way are provided.


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