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Business Planning
Outcome-Driven Development: Switching from Minimum Viable Product to Minimum Viable Outcome
By taking the minimum viable product (MVP) ethos and applying it an outcome-driven development process, your business can realize tangible and lasting improvements to its bottom line.
Committed Leadership: Are You the Chicken or the Pig?
There’s an old fable in business about The Chicken and The Pig. Long story short: the Chicken is involved; the Pig is committed. Real, committed leadership is about being the Pig, not the Chicken.
Breaking Up Is Hard to Do—Common Issues and Strategies in Business Divorce
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.
Business Borrowing Basics — Negotiating A Loan Agreement
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.
New Revenue Recognition Standards to Impact Wide Array of Business Practices
The Financial Accounting Standards Board (FASB) recently changed revenue recognition standards, introducing many new aspects that accountants need to understand as they advise their clients in 2017.
Southeastern U.S. Could Be the Best Place for Business Startups
The Southeast has a strong ecosystem, lower costs, underestimated value and most importantly, talent acquisition.
How Innovative Businesses Handle Government Regulations
A GRM system can help businesses quickly identify the most important legislators most important or which regulations are most likely to pass.
5 Mistakes Entrepreneurs Should Avoid When Starting a Company
Nine out of every 10 startups fail. That’s the bleak truth. Here are five mistakes entrepreneurs should avoid when starting their own company — the more you know about them, the less of a chance you make them.
Succession Planning and Exit-Strategies Are Too Important to Ignore
Business owners say they understand the importance of transition planning, yet few actually plan their exit. What is going to happen when you finally relinquish day-to-day control over your business? Are you going to sell it and live off the proceeds? Do you have a successor lined up to continue your legacy? Only you can know but, whatever you have in mind, it pays to have a formal and well thought-out succession plan and exit strategy.
Invest in Your Employees
Training and developing your employees will help your business grow and, ultimately, make your business more valuable. Only you know how long you want to keep your business and what it means for you and your family, but encouraging a stronger workforce will pay off no matter what path your company takes.
