Even the strongest business can be decimated without a solid succession plan. Here’s how to avoid common pitfalls As with any part of business strategy, succession planning is one piece to the puzzle for companies to have a long life. And it’s not a small consideration. Succession planning can drive continued business growth, lead to […]
It’s crucial to be equally strong in 5 key areas to maximize financial efficiency and ensure continued growth Ensuring the financial health of your business relies on the diligent review and management of a combination of factors, not just one or two areas. This involves carefully evaluating where you’ve been and what your numbers look […]
Learn the six steps of the Entrepreneurial Operating System® (EOS) and how to use them when planning for business growth The Entrepreneurial Operating System (EOS) is used by founders and businesses to improve processes and set up a successful path to long-term growth. The concepts and tools presented in EOS help teams become more aligned […]
Crafting an estate plan that satisfies all of your heirs can be challenging. An unequal estate could mean that your legacy is compromised, especially if you own a business. Consider every angle in advance for the fairest outcome. One of the trickiest components of estate planning can be knowing how to divide assets among beneficiaries. […]
It’s never too early to start preparing for retirement, including when it comes to taxes Whether you’ve just entered the workforce or have recently retired, saving and planning for retirement is an ongoing process. Though 57 percent of Americans say that saving for retirement is their top financial priority, nearly 19 percent of people over […]
Critical drivers are your business’s core items that maintain momentum and spur growth The successful operation of your company depends on a set of critical drivers, those core items that keep a business moving and growing. Taking the time to identify these drivers helps you better manage your teams and your business while helping you […]
The rolling budget model allows you to actively respond to changes, assess strengths and weaknesses, and revise spending strategies. Finding the right approach to budgeting is not always straightforward. There are several techniques that small to large businesses can integrate to plan for upcoming expenses and changes in revenue. Effective budgets not only provide essential […]
Many managers are too reactionary, only noticing an issue when it’s big enough to cause problems. But the right business metrics inform proactive decision-making. There are many approaches to managing a business. But when you need a solution that will help you motivate your team, manage risks, and make better decisions, a proactive approach is […]
Provident CPA & Business Advisors provides our clients with peace of mind through our Five-Star Program. Discover how each step can smooth your path to prosperity. Executives, investors, and high-income entrepreneurs know how big of a burden tax time can be. You need a strategy in place to ensure you’re mitigating the impact and setting […]
A good vision parallels and drives a company’s values, purpose, and mission Any business owner knows the importance of consistent performance, efficiency, and steady growth. But just as important as these considerations is your business’s vision. Without a clearly defined vision, teams won’t be aligned around a common goal. You may not know what the […]