Author: Ron Edmonds

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Ron Edmonds

Edmonds, a corporate finance professional with experience in merger-and-acquisition transactions, is the principal consultant for The Principium Group. Contact him at redmonds@principiumgroup.com.

Photo: ©istock.com/EnriqueM

Planning ahead: Hire your successor

The sale of your business likely isn’t going to happen the way you expect, so plan for it. Many business owners believe they’ll be able to sell their businesses and monetize what’s often their largest and most important asset when they’re ready to retire. Unfortunately, a sale isn’t likely going to happen the way an […]

Improve your cash flow: Understand basic accounting

This post is part five of LM’s “5 ways to improve your cash flow” series. Read the first four tips here. Despite its importance, many green industry business owners don’t have a clear understanding of their businesses’ cash-flow situations. Why? Many business owners don’t pay nearly enough attention to basic accounting. In fact, many companies […]

What if I can’t sell my business?

Often, Green Industry business owners have a tremendous percentage of their wealth tied up in their businesses. Many assume they’ll be able to sell their business when they’re ready to retire or move on to another opportunity. Unfortunately, few have actually planned how to monetize this asset when that time comes, though. Many businesses are […]

Choose a good accountant

A good number cruncher is vital to your financial success. Should yours be an inside employee or an outside professional? Many small business owners don’t consider selecting an accountant to be a very important business decision. That can be a crucial mistake. I can tell you many stories in which my clients didn’t have the […]

How to prepare your business for sale

Preparing a business for sale usually isn’t one of a landscape contractor’s highest priorities for two reasons: A Green Industry business owner usually doesn’t start his business with the goal of selling it, and the complications of a daily business operation often keep business owners from planning for the future effectively. Nevertheless, business owners have […]

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