This post is co-authored by Cristina Silingardi and Molly Trottier. Assessing, Selecting, and Implementing a Human Resources Information System (HRIS) Fast growing businesses often hit their own walls in terms of processes and systems that have not kept up with the changes in their operations. Production problems and cash flow challenges get more press and …
Category Archives: Blog
19
Mar
Mar
Charting the Course in a Changing Business Environment Late in 2020, I published a post that focused on how history informs business strategy. It provided a primer on insights introduced in The Fourth Turning, a book authored by William Strauss and Neil Howe. In short, the authors comprehensively examined events and tides that have unfolded …
12
Mar
Mar
Forming and growing a strong leadership and executive team is a vital and evolving challenge for business leaders. Deciding on the roles, the levels of experience and the capabilities required on the team depend on both the current stage and planned growth of the company. Financial and strategic expertise will always be a part of …
04
Mar
Mar
Conducting business with the federal government can be a highly enticing and profitable path for many businesses. It can also be very overwhelming given the complexities of government contracting rules. No one person knows all there is to know about government contracts. It is simply too wide and deep an area to expect otherwise. Starting …
05
Feb
Feb
“Slow down to speed up.” You’ve heard this before, right? And, “You don’t know what you don’t know.” These familiar phrases are often used in life, and are applicable for business as well. Two places these phrases surface in business are during rapid growth and in a sudden crisis. Most companies grow organically. In the …
27
Jan
Jan
This post is co-authored by Ellen Wood, Chris Hysinger, Jennifer Lennarz, and Regina Walters. Paycheck Protection Program (PPP) Updates – Key Components and Considerations In January of 2021, the U.S. Small Business Administration (SBA) resumed and expanded its Paycheck Protection Program (PPP) as part of the Consolidated Appropriations Act (CAA). This opens up new funds …
06
Jan
Jan
How Businesses Can Survive, Thrive, and Adapt in the Face of Change What do we do now? The sudden shutdowns in early 2020 forced many businesses to answer this question with sprints to virtual business models, attempts to secure emergency funding, and in some cases, pivots to new lines of business. Sadly, other businesses were …
23
Nov
Nov
While living in Washington, DC in the nineties, I was introduced to a book that hit me like a brick and provided clear context for everything that was happening in the world around me. That book was The Fourth Turning, by William Strauss and Neil Howe. It held that events which many times appear unrelated …
29
Oct
Oct
At start-up and in the earliest stages of operation, most companies understandably approach the accounting and finance side of their business from a basic bookkeeping perspective. As a business grows, however, so too does the need for more advanced accounting practices and financial insight. In most cases, adding responsibilities requiring a higher level of experience …
19
Oct
Oct
For many business owners, the sale of their company represents the culmination of decades of work and is likely to be the single largest, most important transaction of their lifetime. With so much money at stake, and likely the retirement security of the founder, it is important that the highest price is secured, and that …