Building Long-term Value: Plan on It
"Everything has a price, as the saying goes, but a lot of people struggle with figuring out what the right price is," responds Brodksy.
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Business Money Market
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Take advantage of a Business Money Market account that offers competitive variable interest rates based on your average account balance; six pre-authorized, automatic or telephone transfers per statement period from your account to another of your Salem Five deposit accounts or to third parties; 24/7 account access through Business Online Banking or Salem Five AccessLine; and the opportunity to upgrade your account with additional the Investment Management option.
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Model Behavior: Know When It’s Time to Innovate
At some point in the lifecycle of your business, you’re going to need to change your business model. “Just as every product has a lifecycle, so does every business model,” advises Larry Gable, founder of Arlington, Massachusetts-based business consultancy LDG Associates. “The pace of change in technology and society continues to accelerate, thus shortening product and business model lifecycles.”
Using Your Capital Structure As A Hedge Against Risk
Companies are considering how their capital structures can protect against a broad range of catastrophic risks. But that's like a health plan that pays out only for the most costly, life-threatening diseases. Did BP envision a drilling accident that would shut off its access to short- and medium-term capital markets and result in worldwide condemnation? If it did, it certainly didn't prepare accordingly.