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All Articles by Bruce Werner
About Bruce Werner
Bruce Werner is the Managing Director of Kona Advisors LLC and served as an outside director on private company boards for the last three decades. Kona Advisors LLC provides advisory services to the owners, investors and CEOs of private and family-owned businesses. With deep experience in governance, succession planning, finance, strategy and management issues, Kona Advisors brings a broad perspective to developing solutions for its clients.
Banker, Broker or Sell it Yourself: Choosing the Right Method to Sell Your Company
If you don’t know how to sell a small business, you may find resources and expertise in an investment banker or broker, but it can come at a cost. Read More
Not Making Business Decisions = Making Bad Business Decisions
When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision. Read More
For Effective Boards, “Noses In, Fingers Out” Can Be Widely Interpreted
Should an effective board of directors stick its nose into business matters or keep its fingers out? A leadership crisis heightens the question. Read More
Building the Best Strategy to Drive Cash Allocation
Do you have too much cash on hand? Cash allocation decisions are some of the trickiest for small businesses to face – make your cash work as hard as you do. Read More
Cybersecurity Challenges for Boards of Directors
COVID-19 has moved board meetings online, excacerbating hacking threats. Now more than ever, cybersecurity needs to be part of a strong diligence process. Read More
Non-Executive Directors Provide Leadership When It is Needed Most
There are many advantages of non-executive directors. They provide accountability, leadership during difficult situations and true change to divided firms. Read More
Warren Buffett Speaks Out on Independent Director Performance
Warren Buffett’s annual letter is critical of independent directors of public companies—but can their bad behavior influence private companies as well? Read More
That’s SOC, Not SOX: SOC Reports Audit the Safety of Company Data
An SOC report tells business owners, buyers and fiduciary directors if their data is being safely managed by a service organization. Should you request one? Read More
Recognizing Special Situations in Private Companies
“Special situations” affecting stock price, (i.e. bankruptcy or a spinoff company) can be more complicated for private companies, which tend to be illiquid. Read More
Sleep Better with Reps & Warranties Insurance
Understanding Representations, Warranties and Indemnities in M&A Transactions When boards are deliberating the purchase or sale of a business, they need to consider the long-term risks of the decision. Understanding the representations, warranties and indemnifications being made is essential to executing fiduciary duty, since the risks do not go away after the deal is done. […] Read More