How businesses can prepare for natural disasters in the future and how to best react to them is something financial leaders and business leaders often neglect to address until after the fact. Hurricane Harvey made landfall almost two weeks ago on the Gulf Coast of Texas and Louisiana, impacting some 50 counties. It dumped an
Recently, I was visiting with a potential client who had been the victim of fraud. Talking with him brought back unpleasant memories of the first time I discovered that one of my client’s employees had committed fraud against the company. Despite the fact that it happened a long time ago, all of the emotions associated with the
Recently, I had lunch with our banker. During the meeting, I asked her what she wanted to accomplish when meeting with her customers. She said that she wanted to know the 3 questions your banker wants answered… 3 Questions Your Banker Wants Answered 1. How are you feeling about your business and the local economy?
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See Also: Technology Assessment Criteria How to Respond to an Imminent Disaster Threat Technology Strategy for Small to Medium Sized Companies How to Evaluate IT Systems How do You Know When it is Time to Buy New Software Data Communication Redundancy Many businesses today have mission critical communication and data sharing needs. Whether these needs
See Also: Technology Assessment Criteria How to Evaluate IT Systems Technology Strategy for Small to Medium Sized Companies How to Ensure Redundant Data Communications Links How do You Know When it is Time to Buy New Software Disaster Planning for IT Recently an office building in Houston caught fire and much was destroyed. What if
Recently I heard Bill Sherrill speak regarding his economic forecast for 2013 and the economic drivers impacting that forecast. For those of you who don’t know Bill, he is the Founder of the Wolff Center for Entrepreneurship and twice appointed Governor of the U.S. Federal Reserve Board. In his presentation, Mr. Sherrill presented the best
We currently run on a Windows NT server using Remote Terminal Services. It has worked like a charm and is instrumental in our daily operations. Unfortunately, it is coming to the end of it’s useful life. Our outsourced IT department has informed us that we should replace the system during the year. They are recommending
Durability bias in business is the tendency of people to project recent trends or occurrences into the future. If it happened in the past, then it must happen in the future. The term is often used in behavioral science and forecasting. Durability Bias in Business How does durability bias apply to business? Often business professionals
Once you find yourself in a recession your first goal is to stabilize your operations. But having achieved that goal you need to look beyond the present and develop a longer term strategy. Our goal for this recession is to “come out of the recession better and stronger than we went in!” Recession Strategies for
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