Plan ahead for orderly business continuation

Article Abstract:

Business owners can employ methods to salvage their firms from financial ruin such as liquidation, transfer to family members, or sale to other parties. Chief executive officers who have retirement plans but do not wish to sell their businesses must name their successors and train them to run the organization in their absence. Those who have intentions of selling must create a continuation plan by determining the fair market value of the business and by arranging a buy-sell agreement which redistributes ownership equitably to interested parties and surviving business members.

Debt & Capital Management, Family-owned business enterprises, Family-owned businesses, Financial management, Succession planning (Business), Liquidation, Business registration

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Growing pains: deciding when to expand

Article Abstract:

Experts advise entrepreneurs who decide to expand their businesses to plan carefully and decide what their exact goals are before proceeding with the undertaking. Considerations in expanding business include factors, such as getting additional office space and hiring temporary workers, to fill in increased demands. Consulting with agencies such as the Small Business Organization, Small Business Development Centers, and the Service Corps of Retired Executives can provide entrepreneurs with invaluable advice.

Venture Analysis, Risk assessment, Corporate growth, Business success

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Make change work for you

Article Abstract:

Change is an unavoidable circumstance that's why businesswomen have to learn how to face and manage it to gain benefits for the company. No progress is attained without undergoing changes or improvements. Four strategies for a successful change management are suggested. One is the clear communication of what are about to take place. A change management drive that comes from top officials is also more effective.

Business Methods, Methods, Organizational change

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