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Business Management
Can Seeking Help from the Lender Fix Money Troubles?
Recently, bad practices caused a client’s accounts receivable to get extended well past 90 days. In fact, the client had 20% of its receivables dated further back than 120 days. Company staff knew that much of that would prove to be uncollectible, but no one really knew the extent of how bad it was. At […]
Four Questions that Drive Business Growth and Transformation
You Can Drive Business Growth Forward- or Backward Many businesses on the precipice of growth or those preparing to enter a new chapter are searching for ways to drive business growth, but can find themselves struggling to move into that next big phase. This can happen for a number of reasons, whether it’s a lack […]
Sensitive Family Business May Bring Up Fur Balls
Choking on the Words During Sensitive Family Business Every cat owner knows the sounds. The deep retching and heaving. The cough that sounds like your cat just may turn himself inside out to eliminate a fur ball. Next may come a few backward hops, as if to distance himself from the mess he just created. […]
Designing Board Evaluations for Private Companies to Succeed
Someone once told me that, “Feedback is the breakfast of champions.” We have all seen how constructive feedback improves performance and helps employees to avoid mistakes. The challenge is getting actionable feedback to people early enough for them to use it effectively. In a private company, designing board evaluations can be an efficient way to […]
How to Identify a Scam Email or Phone Call (& How to Have Fun With It)
How to Identify a Scam Email: Exhibit A My dad got an email a few days ago. It looked like this: From: John Maryline [mailto:john.maryline@yahoo.com] Sent: Friday, February 16, 2018 1:21 PM Subject: Your ATM Cards Released.. Attention: This is to inform you that we have agreed to release your fund valued at USD $5.8 […]
Effective Private Company Board Strategies Drive Goals to Completion
Private Company Board Strategies Create Advantage Strategy has been defined as the art of finding an unfair competitive advantage in the marketplace. It is implemented through defined objectives, strategies and tactics. Whether public or private, driving strategy is how boards create value. Public companies tend to have well-staffed strategy groups, of which M&A is one […]
Could Overconfidence Hold You Back As a Leader?
Assessing Confidence Being someone who provides leadership assessments and 360° evaluations, I’m often fascinated by the results I see. A recent Confidence Assessment survey I came across speaks to the overconfidence certain people seem to possess more than others. This particular assessment, discussed in the Huffington Post had been given to more than 10,000 people […]
Communications (In)decency Acts? Section 230 Governs the Online World
Who’s in Charge of What We’re Doing Online? Section 230 of the Communications Decency Act is a little-known statutory provision that is far more powerful and important than most casual internet users realize. Section 230, as its commonly known, is part of the Communications Decency Act of 1996, a law passed before the internet functioned […]
Make Outreach Effective Fast: Learn How to Use Facebook Ads
Learn How to Use Facebook Ads to Keep Up with the Pace Chances are if you’re reading this, you may be one of the 50 million businesses maintaining a Facebook page. Businesses in all shapes and sizes have a Facebook presence, all the way from Starbucks (37,240,603 likes as of press time) to Harvard Business […]
Effective Outside Directors Provide Leadership When It Is Needed Most
Whether a company is public or private, the mission of its board of directors is to provide leadership in four key issues: strategy, capital structure, succession planning, and risk management. While regulators will enforce matters at public companies, outside directors are often the only external force to drive change at private companies. So long as […]