Business executives and owners of privately held businesses wear many hats, each of which require different skill-sets. Yet, at the same time, the pressures of running a business often leave little time for the continuing education that can benefit them. Financial Poise provides easily digestible, highly relevant information that business people can use right away to make their businesses better.
Business owners should educate themselves on non-bank capital alternatives, such as high interest rate debt. Most businesses face adversity at some point. Understanding what options are available can be the difference between success and failure.
Directors must protect their shareholders’ tangible and intangible assets, regardless of the form of the threat. Directors need to initiate protective actions and provide on-going oversight for cybersecurity.
If you don’t understand your equity numbers, you don’t understand your business.
In business (and in life), real leadership requires empathy and compassion. Too many corporate executives see every worker’s problem as a quick solution-in-waiting.
By definition, the word “defer” means “to put off or postpone.” How exactly does this apply to the accounting for your business? Well, “The Deferreds” refer to the deferred assets and liabilities you may need to record under GAAP. There are several common categories of deferred liabilities: Deferred revenue, Deferred rent, Deferred compensation, and Deferred tax.
Like most things, the so-called Intellectual Property clause isn’t as clear as we’d like. Experts often refer to this clause as the patent and copyright clause, because “science and useful arts” refer only to patented and copyrighted creations.
At The Leading With Courage Academy, we meet a lot of people who reached the C-Suite who tell us that they don’t need to learn more about themselves or to further sharpen their leadership skills. They tend to rationalize like this: “I’m the (CEO, CFO, CMO or CXO) and know all of that stuff.”
Natural leadership is not the same thing as effective leadership. So, how do you develop effective leadership? You work at it.
Conflicts between business partners are nearly inevitable. Thankfully, there are a number of ways for parties to negotiate up-front. Precautionary agreements give you space to resolve issues more easily or, at least, provide a picture of what the result will be when resolution is not possible.
Learn how to negotiate a loan agreement for your business, and find out which type of loan can best help your company grow and succeed.