Five disciplines of our most profitable clients

Working as a business advisor provides exposure to different company sizes, a range of industries, and a variety of management personalities. But I have noticed something consistent about our most profitable clients. They all adhere to five financial disciplines. And for these I can find no substitutes.

1. They maintain up-to-date bookkeeping. If this sounds like a lot of work, keep in mind that it involves somebody making no more entries than would be necessary if one were ultimately to cat...

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