Monthly Archives: May 2014

Emergency Succession Planning

What do you do when you need to break the glass?  Is your organization ready?  Emergencies can come in many forms:  personal illness, disability, family illness or catastrophe or death.  While not a pleasant topic, it is important to have a plan in place to continue your business.  Among other items, these plans need to include the following:

  • Definition of the emergency event
  • Outline the decision making authorities
  • Establish job roles and management succession
  • Plan for the sale of the business
  • Provide for life insurance
  • Provide for disability insurance
  • Outline a communication plan
  • Regularly review the plan

In case of emergency – be prepared. …

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The rise of Financial Analytics in Enterprise Strategy

by Francesco Morini 

Traditionally, business relied solely on general ledger systems for storing and analyzing financial data. More recently, continuous technological advancements together with evolving business models and processes have made these static systems less and less effective in helping increase financial productivity. The main reason is that they do not take into account extra or external data and future events.…

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Cultivating The Mindset of a Successful Entrepreneur

An entrepreneur doesn’t need an MBA to be successful but there is a certain mindset an entrepreneur must cultivate to grow, understand and lead their business.Business leaders who attain this mindset are the ones who ultimately succeed. This mindset has four, intertwining aspects.

Anticipate failure.  In a study conducted by Duke University and the University of Southern California, 549 successful company founders said the most important reason for their success was their ability to learn from mistakes.…

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Mark Cuban’s 12 Rules for Startups

Anyone who has started a business has his or her own rules and guidelines, so I thought I would add to the memo with my own. My “rules” below aren’t just for those founding the companies, but for those who are considering going to work for them, as well.

 1. Don’t start a company unless it’s an obsession and something you love.…

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Preparing the Bank to Help Your Business Finances

B2B Partner, Andy Anderson posted this wonderful article on seeking help from a bank to help with business finances.
Andy Anderson

Lose the entitlement thinking of being a good, long-term customer and make the case for your business’ viability and the return on investment to the bank to get your loan.

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