Currently interest rates are near historic low points and make long term borrowing attractive. On the other side is the bank that does not want to lend long-term at today’s rates. What can you do when the bank says no to fixed rate, long-term loans? It is called interest rate Read more…
Managing employees and their benefits is becoming more difficult by the day. The rules and regulations surrounding employees are complicated, require a great deal of reporting and compliance, and may create liability on the part of the company and its owners. One of the options to address the multiple requirements Read more…
Some lessons are best learned by repetition: doing it over and over and learning from our own mistakes. Selling one’s business is usually not repetitive, but this story is about an owner selling three times. If I could offer one bit of advice to an owner thinking about selling: The Read more…
Do you wonder how your business performs compared to others in your industry? Ever ask yourself if you are doing the right things to make your company as profitable as possible? We have a process that we offer to business owners where we provide a free benchmarking report. We do Read more…
Do you ever ask yourself if you are doing the right things in your job or if you should focus on different tasks? This is the key to keeping your day productive and making your job more satisfying. You may be pinned down by a specific job description that is Read more…
It’s the 20th of the month and are you able to tell how profitable your company will be at month-end? If not, you may not be measuring the right stuff! Continuous measurement of key business drivers, also known as metrics, is critical in high performing 21st century companies. When the Read more…
In our current economic environment, many companies have outgrown their management bandwidth; meaning there is more to do than management has time to do it. This includes timely decision making. In a recent article in McKinsey Quarterly, published by McKinsey & Company, they reference a survey of more than 1,200 Read more…
Most of us operate our businesses in very competitive markets where the business environment is constantly changing. The most successful companies can pivot their strategy quickly when it is not working. This requires a process to know when to pivot and have an alternate plan ready. That’s a Plan B Read more…
The number of companies being sold is at an all-time high; driven by demographics and a seller’s market. To get top dollar for your company requires preparation just like selling a home. You don’t get the best price for a home or business without staging for its best look and Read more…
The current media is full of warnings that an economic slow down is coming but what does that mean? Is there a recession looming? When and how big? Nobody really knows so how do you prepare? What are the early warnings signs that you should look for? Here are some Read more…