Category: Management/Ownership

The Key to Having a Unique Business? Unique People!

Over the years of teaching in an entrepreneurship program, I realized a pattern. As expected, every entrepreneur thinks his business is unique. But in having a unique business, who works for you? What value do they bring to the table? Do they make your business “unique”? To some extent, they probably do! These are questions we will explore, but

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Why do most startups fail?

Right now is the time of innovation – kickstarters and new types of marketing campaigns are popping up everywhere. You might have an idea yourself, regardless of whether you’re a Millennial, Generation X, or even a Baby Boomer! So how do you know if your idea is a good one? As I have mentioned in

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Are you destroying your company?

Have you ever been in a position where you were considering selling your company only to find the value of the business falling quite short of your expectations? This is something that can easily happen without you noticing… Destroying your Company What do we mean by this? We mean that something, either suddenly or little-by-little,

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The Red Flags of Fraud

Businesses lose millions (if not billions) of dollars due to fraud. But how do so many cases of fraud go unnoticed until the damage is done?  Often, it’s because businesses don’t recognize the red flags of fraud soon enough. Working with many entrepreneurs and their companies for the past 25+ years, I have unfortunately have

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Outsourced Workers: Do You Need More Hats or More People?

Outsourcing is something that has always existed, but has seemed to become the “norm” for most companies. Rightly so, outsourced workers are an easy solution for financial leaders to mitigate costs. The big question we’re asking is: Do You Need More Hats or More People? If you’re looking at outsourcing, the first step is to complete

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Are You Wearing Too Many Hats?

Do you sometimes feel that the value you bring to your company is worth more than your salary?  In the business world, often expectations exceed compensation, especially with financial leaders. What does the role of a CFO actually look like? Before we dive deeper, it’s important to ask some questions: Are you the person that

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Are you throwing money at your problems?

Growing up, I constantly heard the old adage, “money doesn’t grow on trees.” It’s meant to warn people that there is only a limited amount of money available to put to use. It’s easy to fall victim to the notion that any problem can be solved if you spend enough money on it. But, what happens when

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Laying Off Employees | Who stays in the lifeboat?

Let’s go back to 1912… The RMS Titanic set out on her first (and only) voyage from Great Britain to New York City on April 10, 1912. The plans were drawn. The lines were cast.  Some of the wealthiest people in the world were aboard. The well-oiled machine was pumping the turbines below, pressing forth to America.

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PEST Analysis

See Also: SWOT Analysis Porter’s 5 Forces of Competition PEST Analysis Certain changes to the business environment can either help you or hurt you. Using the PEST Analysis, you can anticipate factors that can be used to your advantage or that you can solve before they affect your company negatively. Political Factors: Government policies regulate trade markets and

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How long do you keep a job?

That’s the biggest question being asked by both employees and employers alike: how long do you keep a job? What’s normal in this day and age? If you would have asked 20 or 30 years ago, the answer would have been: “You keep a job for 20-30 years.” So, how long do you keep a

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Hiring Expectations for Recent Graduates

It’s the first week of May which means that caps will soon be flying in the air and college graduates will be entering the workforce.  What these new workers may not know is that employers often have an unspoken expectation that graduates arrive job-ready on day one… Sounds pretty reasonable, right? But with advances in

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KPI Overload

It’s that time of year…  There’s so much going on and it’s becoming difficult for you to stop and breathe. Kids are finishing up school, which entails end-of-year parties, standardized testing, and projects. Businesses are pushing to boost sales as the end of the second quarter quickly approaches. Summer vacations are booked. You may feel a

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