Are you preparing for life after employment? One of the toughest challenges most people face is adequately setting themselves up once they enter retirement. Chia-Li Chien offers her advice on how to finance your retirement and ensure that your future is secure.
Are you practicing the correct behaviors to keep your business financially stable? As Chia-Li Chien explains, your business is like a marriage, and if you practice the wrong behaviors it will fail. See what advice she gives on how to keep your business healthy both now and in the future.
How can you improve your ROI and company value? See how Chia-Li Chien uses the rule of 72 to improve company value and worth, and how you can as well. Learn how to get the rule of 72 to work for your company, and what you can do to get started.
What risks is your business taking on unnecessarily? When it comes to your company, are you doing everything you can to reduce risks to its overall welfare? Chia-Li Chien explains what types of risk there are in an exit strategy, and how you can mitigate the risks in your organization that keep you from being successful.
Every business encounters problems of varying degrees, but do you examine the cause of those problems well enough? Misdiagnosing the issue can harm your business without you even knowing it. Chia-Li Chien explains how to find problems before they become problems, and how to plan for the future.
How can you tell if your company has been successful or not? The most accurate way is to use numbers. Key Performance Indicators and Benchmarks can help you determine if your business has succeeded or fallen short. Chia-Li Chien explains how your company can harness success by utilizing the power of numbers. See what you can be doing to give yourself every chance at success possible.
What is your exit strategy? Do you have one? Without a succession strategy in place, it can feel like your business is working tirelessly towards an unknown goal. Implementing a succession strategy can help focus your company on a set list of goals, culminating in a profitable sale. Chia-Li Chien explains the three types of succession plans you can use, and why doing so is so important.
Have you adequately prepared for your company’s future? Many organizations fail to properly plan for the time ahead. A company that lives day-to-day undergoes tremendous stress and unnecessary difficulty going about its business. Considerable planning should be a part of your company’s growth and survival strategy. Chia-Li Chien explains what considerable planning entails and why it is so important for sustaining value to help you realize your desired business outcomes both now and in the future.
Does your company have a succession strategy? Many decision makers fail to recognize the value or importance of a succession plan. Chia-Li Chien details why that is a dangerous proposition with a personal account of a business that faced the consequences of operating without a plan. Learn how to keep your management in the loop for a more motivated workforce and a more transparent operation.
In my previous article, How Well Do You Forecast in Business? we explored the difference between forecasting and budgeting. We […]
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