We’ve all heard the old adage, “If you fail to plan, then you plan to fail.” This is especially relevant when talking about an exit plan. Every business has an eventual end point, and it takes careful planning to reach a happy ending. However, according to TheBalance.com, 66 percent of small business owners have no plan for their businesses in the event of their disability, retirement or death.… Read more >
It used to be so simple. In the old days, banks had one type of lending tool and finding a small business loan was much easier. Today, the lending environment has grown in sophistication and the number of tools available. Banks (and even Bankers within the banks) have become quite specialized.… Read more >
I recently ran across an article that said that more than 90 percent of employees don’t fully understand their priorities and what’s expected of them to help achieve company goals. While this statistic is disturbing, it’s not hard to believe. As most of you know, prioritizing can be one of the most frustrating aspects of your daily routine and when your company or boss don’t make it clear, it’s hard to move forward.… Read more >
Financial fraud and embezzlement are on the rise, and the consequences can be dire. In 2010, the average embezzler stole almost $18,000 per month from their employer. You probably have a picture in your mind of the typical embezzler, but a corporate thief may not look like you think. Fortunately, there’s a lot you can do to make fraud more difficult — and more obvious. … Read more >
You’ve spent countless hours building your business, and hiring the wrong employee can cause unthinkable damage to your bottom line. According to Jörgen Sundberg, founder of Undercover Recruiter, a bad hire can end up costing your business around $840,000. That’s a price no company wants to pay.
So how can you avoid this?… Read more >