Funding for your business can originate from a number of different sources, including family and friends to banks and institutional capital, so it serves business owners well to understand the advantages and disadvantages that accompanies each of these funding options prior to deciding which to pursue. It is common for business owners and leaders to …
14
Feb
Feb
For many business owners, the sale of their company represents the culmination of decades of work and is likely be the single largest, most important transaction of their lifetime. With so much money at stake, it is important that the highest price is secured, and that the sale is executed flawlessly. Much of the responsibility …
06
Feb
Feb
For public companies, having a board of directors is both essential and required to protect shareholder interests, weigh key actions, and support well-informed decisions. While private companies don’t have the same requirement, a board of advisors or directors can nonetheless be just as helpful and important to maximize business success. However, forming a board that’s …
24
Jan
Jan
When businesses are in their early stages, owners and leaders have to make many decisions on what they can and cannot invest in to move their business forward. For their HR functions, their focus is often on covering only what has to be covered, such as payroll processing or basic onboarding and compliance. Depending on …
17
Jan
Jan
Finding and hiring great talent is a near-constant priority for leaders of growing companies. And while attracting the right people to one’s business is crucial, it’s equally important to have a strategy in place to retain and grow employees in a way that maximizes their contributions as well as their satisfaction and professional development. Leaders, …
10
Jan
Jan
The characteristics embodied and exemplified by great finance, HR, and recruiting consultants are, in large part, the same characteristics demonstrated by great consultants of any type. For CEOs and other business leaders who determine it may be necessary or valuable to bring in external consulting expertise to their organization, it’s important to consider these characteristics …
13
Dec
Dec
Three Key Considerations One of the clearest signs that your business is successful and is seen as having definitive upward potential is when you receive an offer from a competitor, holding company, or business in an adjacent market inquiring about your willingness to sell. If divesting yourself of the business is not a primary near-term …
03
Dec
Dec
As Year-end Approaches, Finish Strong and Focus Forward As CEOs and other leaders come to grips with the reality of another year quickly coming to a close, many simultaneously recognize that it is a vital time to take stock of what needs to be done to strengthen one’s business and get it to where we …
11
Nov
Nov
Like most organizational functions, Human Resources entails a variety of deadlines and milestones for initiatives and actions throughout the year. Naturally, the year-end period is no different. But for some leaders, a focus on checking tactical HR items off the list during this time can mean insufficient attention paid to charting the broader strategic direction …
01
Nov
Nov
As leaders consider how to make their businesses stronger, answers to important questions and decision points are not always obvious. A wide range of internal and external factors can contribute to this cloudiness and diminish leaders’ trust that they’re charting the best paths. Workplan Analysis is an effective tool for bringing greater clarity and confidence …