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Hope for the best, plan for the worst: Why a business succession plan is essential

Hope for the best, plan for the worst: Why a business succession plan is essential

While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm.

At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business partner. Or you may want to sell the business to another person or company, and retire on the proceeds.

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Your Business, Government Grants and Tax Incentives. Are You Cashing In?

Your Business, Government Grants and Tax Incentives. Are You Cashing In?

Thomas Edison once said that “Genius is one percent inspiration and 99 percent perspiration”.

Unfortunately, going from that inspirational idea to the finished product takes a lot more than hard work. Just like Edison, you also need to invest in a lot of research and development.

And R&D doesn’t come cheap.

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Why Business Budgeting is More About Being Accountable, than it is About Accounting

Why Business Budgeting is More About Being Accountable, than it is About Accounting

For many, the word ‘budget’ is about as appealing as the word ‘diet’.

It seems to imply what you will go without, rather than what you will achieve.

To a successful business owner, however, the word ‘budget’ has a very different meaning.

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