Art's Articles & Media
SVB Meltdown: 6 Lessons Business Owners Can Learn from the Silicon Valley Bank Collapse
It was only a few weeks ago that the banking industry revealed some unexpected news: the collapse of the Silicon Valley Bank (SVB). The bank’s collapse has had a significant impact on businesses worldwide. Indeed, as reported on Global Edge, the bank was among the top 20 American commercial banks, with $209 billion in total assets at…
Read More >Ready for a Business Sale? Steps to Build Your Advisory Team
As a business owner, you have worked tirelessly to get your company to a point where it can be sold. Naturally, selling is understandably an emotional and complex undertaking. According to a study by the US Chamber of Commerce, just 20% of companies put up for sale are ultimately sold, meaning that four out of…
Read More >The Hazards of Unhealthy Business Growth
Perhaps the headline of this article has surprised you—and that in itself is not too surprising. More often than not, growth is taught to be equivalent with success, profits and progress. A growing business is what most CEOs and small business owners dream of, but what isn’t talked about enough is that there is such…
Read More >Proactive Scenario Planning Steps: Business Owner’s Guide
Imagine turning uncertain situations in your business into favorable outcomes? Easier said than done. However, this is where the importance of scenario planning and “what if” modeling can help businesses thrive in the face of uncertainty. By testing the impact of various strategic options being considered, your company can stay ahead of the curve and can…
Read More >Lessons from the Unofficial Organizational Chart
Leading a business comes with high pressure and high stakes. How do you respond when everyone is leaning into you for answers, directions, and advice? Being at the top can be lonely, especially when the urgencies of the day are competing for your attention. Do you feel you have limited time to focus fully on…
Read More >Exit Planning Strategies in 2023
Economic conditions such as high market demand for profitable businesses, labor shortages, and economic uncertainty in the year ahead are bringing many business owners to the point of selling their business. Whether a business sale is on the short-term horizon or a consideration in five years, the sale will be one of the most significant…
Read More >Why Pruning Your Business Could Create a Path for New Growth?
It seems counterintuitive to cut off branches, leaves, or even roots to get larger, fuller plants. And yet, it’s one of the most important tasks for a thriving, healthy garden. Just like a garden, a healthy and thriving business requires an Owner who can tend to the health of their business by pruning or removing…
Read More >10 Financial Metrics To Monitor for a High-Performing Business
Regardless of the size, age, or industry, all companies need to consistently monitor their financial performance. Long-term success and goal achievement greatly depend on generating revenue and managing your financial metrics. Having trackable metrics with benchmarks ensures healthy business performance. By tracking and monitoring specific financial metrics over time, the business owner can gauge cash flow management, profitability, management of debt, and health of the company’s sales. Financially sound companies are extremely mindful of many of the metrics…
Read More >13 Point Year-End Planning Checklist for Your Business
Many of us are eager for 2020 to come to a close. December is the time of year when your business really needs your attention, especially with regard to finances. Year-end finances are often overlooked. But with proactive preparation, you can save money at tax time and be better prepared for any unexpected financial urgency…
Read More >For Businesses Facing Financial Uncertainty, CFO Leadership Can Provide A Clear Direction
As we look to the future of our post-pandemic world, businesses must diversify revenue streams, reduce risk, get financing, and retain existing customers—many of whom will have different expectations in a new-normal environment. The tectonic shifts brought on by COVID-19 are creating opportunities for businesses to improve their operations and pivot their business models. Many…
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