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Prioritizing Financial Direction – Episode 149
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Prioritizing Financial Direction – Belk on Business – Episode 149
Business owners must evaluate at minimum annually which financial goals will take priority while attempting to balance the other areas to keep the business fiscally responsible.
1) Cash flow for operations and debt obligations
2) Owner’s compensation
3) Equity participants (shareholders, partners)
4) Bank or lender requirements
5) Tax minimization
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