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What process is essential to the successful operation and later sale of a business?

April 26, 2017Business Essential later operation process sale successful

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What process is essential to the successful operation and later sale of a business?

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In order to successfully manage in today’s complex business environment it is essential to have timely, accurate financial statements each month to measure the performance of the company and its key personnel. A yearly budget/forecast, broken down by month, should be in place by the start of the fiscal year. The monthly financials and cash flow should be compared to actual as part of the monthly review of the performance of the company.