Category: Other

The Case Against Retaining Those Talented, but THORNY Employees

A business should never ever – ever – tolerate a THORNY employee. THORNY employees come in all shapes and sizes. In this article I will put forth my case against THORNY employees. First, how to recognize a THORNY employee. Second, the significant organizational issues they create. And third, why they need to be purged from… Read more »

Control Hepatitis

Financial Disease # 4 This is the 4th blog in a seven part series regarding common financial issues. In this series I have coupled a common known disease with a common financial issue. In three previous blogs, I discussed Cash Hemorrhaging, Financial Ebola and Costing Dyslexia. This week, I will share Financial Disease #4 Control… Read more »

When should business owners start planning for their exit?

My typical answer is yesterday! Especially given the fact, all business owners at some point in time will transition out of their business. Some of these transitions will be orderly and well planned. However, all too often many of these transitions will be poorly planned or be triggered by an unexpected event which leads to… Read more »

Cost to Price Dyslexia

Financial Disease # 3 This is the 3rd blog in a seven part series regarding common financial issues. In this series I have coupled a common known medical disease with a common financial issue. In two previous blogs, I discussed Cash Hemorrhaging and Financial Ebola. This week, I will share Financial Disease #3 Cost to Price… Read more »

4 Steps in Finding your Company’s Hidden Value

  “In motivating people you’ve got to engage their minds and their hearts. I motivate people, I hope, by example – and perhaps by excitement, by having productive ideas to make others feel involved.”          –   Rupert Murdoch       The fact is that a 67% percent of employees are disenfranchised from their jobs. Too… Read more »

Financial Ebola

Financial Disease #2 In my last blog I introduced the concept of coupling a common known disease with a common financial issue.  Last week I discussed Financial Disease #1: Cash Hemorrhaging and the cause and effect it will have on your business. This week, I will share Financial Disease #2: Financial Ebola.  This is an… Read more »

Cash Hemorrhaging

Financial Disease #1 It is common for financial professionals to group like type financial activities into categories in order to discretely assess and evaluate performance.  Each of these activities is an important element in effectively running your business.  Many times these individual elements can get out of alignment with the current needs of the business. A fresh… Read more »

Common New Manager Mistakes

I recently read an article that focused on common mistakes of new managers. While the article focused on new managers, experienced managers and small business owners are also subject to the same types of errors. I have identified a few below, some of which are mentioned in the article and others which I have added.… Read more »

Is a C-Corporation in Your Future?

With the recent changes in the tax code, some small business owners are questioning if their S-corporation tax status is the most tax efficient tax strategy.  Close to 30 million business owners have elected an S-corporation tax status resulting in their business profits being included on their personal tax return.  This year single individuals earning… Read more »

The Rise of the Consultant

The nature of employment significantly changed with the Great Recession.  This change took place as businesses were forced to reduce their staffing levels in order to survive.  On the flip side, workers who lost their jobs were faced with the reality that once readily available jobs for the skilled and competent no longer existed.  So… Read more »