July 3, 2013
At its core, capital planning is about budgeting and deploying your company’s resources to support long term goals. After human and intellectual resources, your financial capital is often the most critical resource at your disposal, making capital planning essential to growing a middle market business into an industry leader.
While “dollars and cents” provide the obvious foundation of a capital plan, the most successful business owners also incorporate four key steps into the process:
- – Develop a strategic vision
- – Understand the alternatives
- – Choose the right partner
- – Balance company and personal goals
In an article for Middle Market Executive, LLR’s Todd Morrissey explains these four steps. For the complete article, click here.