Some collaborations deliver more value than you initially expect. What starts as a project or temporary support can sometimes grow into a valuable exchange of knowledge, experience and new insights. That was certainly the case during the collaboration between PKF BOFIDI and iSprout | Newtone.

When evaluating the performance of their business, entrepreneurs often look at profit first. While profit is undoubtedly an important indicator, it does not always provide a complete picture of a company's financial strength. A business can be profitable and still experience cash shortages. That is why it is essential to monitor not only your results, but also your cash flow. Below, we discuss five signs that may indicate that your company’s liquidity position is coming under pressure.

Many family business owners spend years building their company. Yet one crucial question is often postponed: what will happen to your family business when you decide to take a step back? Will the business remain in the family, or will you sell it to an external party? And if the next generation takes over, who will assume which role?

The question is almost always framed incorrectly — and therefore answered incorrectly.

Does your company have directors or shareholders who also carry out a self-employed activity in their own name that is entirely unrelated to their directorship? If so, extra vigilance is required.