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Businesses and Individuals both benefit from this type of planning.
A business should run efficiently, have good cash flow, and make profits. Business concerns include earning a high gross profit, keeping administration expenses down, making sure all due dates are followed, having the proper staff, inventory, etc.
Individuals should manage their income, cash flow, expenses and plan for future needs.
If you make enough money from business and keep enough as an individual, then you have enough to:
Live a decent life;
Invest properly;
Send your children to college;
Pay for things like weddings;
Retire easily;
Do estate planning.
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© Copyright Stephen L. Friedman 2004-2005. All Rights Reserved. |
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