Practice One for a person leading others through a crisis is to acknowledge the situation by facing reality. Max DuPree said, “The first responsibility of a leader is to define reality.” During a crisis, leaders do not have the luxury to ruminate on how things used to be. Nor do they have the comfort of […]
Starting a business with a partner affords many benefits. In a perfect world, that means sharing the expenses, ideas, workload, responsibilities, and profits. In the real world, it can mean personal liability for the partnership’s activity, emotional ups and downs, personality conflicts, and differing ideas. What Is a Partnership? There are three standard types of […]
Territory and Time Management Strategies, Part 1 Territory/Business Management Know where your business is and is not Develop a written plan to sustain current business Follow your plan Develop a written plan on new business development Follow your plan Strive for completion rather than perfection Whittle while you work (Multi-tasking) Develop your own personal formula […]
At a certain point, every businessperson needs to know what their company is worth. Whether you are considering purchasing an existing business, selling your business, looking to attract investors, or thinking about going public, here is a look at how to approach valuing your business. Reasons for Valuing The two most common reasons: selling your […]
Invisible Language, Part 3: What To Do If You Have To Correct Someone I want to thank Tim Dimoff, President of SACS Consulting, for emailing me the information on Invisible Language. In Parts 1 and 2, we focused on what not to say. Invisible Language Part 3 tells us the proper way to respond when […]
Business owners need help making sense of new financial, employment, and contractual fulfillment challenges during this pandemic. Download our free business resources to help you proactively stay ahead of common legal issues and review ways to protect your business during this time. COVID-19 Business Survival Guide COVID-19 Business Checklist Coronavirus and Your Business Contracts FREE […]
Can the Coronavirus Get Me Out of a Business Contract? Enforcing Force Majeure in the Wake of the COVID-19 Pandemic On March 9, 2020, Governor Mike DeWine took several actions to combat the spread of Coronavirus (also known as COVID-19), including declaring a state of emergency in Ohio. Shortly after that, the World Health Organization (“WHO”) declared the Coronavirus a […]
Every accountant will tell you the same thing: always keep your business and personal expenses separate whether you’re a small business owner or a one-person operation. There are consequences to mingling money. The tax people do not like it and neither does your accountant. Keep them happy and your business prospering. Here are five ways […]
Invisible Language, Part 2: “Like I Told You Before” Here is another guaranteed customer service killer. Saying “Like I told you before.” This phrase only serves one purpose: to vent your frustration and make the other person feel stupid. There are no benefits whatsoever to this phrase. Sure, maybe you have already said this to […]
Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. First Federal Lakewood recommends following these tips to keep your small […]
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