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Our Newsletter section is an extensive collection of articles on various topics and issues surrounding small businesses. You may begin by taking a look at our current newsletter or searching through our archives by clicking on the search button below.
Pifalls and Benefits of a Family Business, Part II
by Joseph R. Cardamone
In Part I, we started to explore the problems and rewards of bringing your children into the family business. This is an important step in any family business since without the ultimate transition of the business from your control to that of your children there may come a time when it is no longer, truly, a family business.
Calculating Your Financial Ratios
When reviewing the financial health of a company, it's common to look at financial ratios, such as earnings per share, price/earnings ratios, book value and total return. Consider using the same concept to assess and track your personal financial situation. At least annually, prepare a net worth statement and then calculate various financial ratios.
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