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- Are your board members as valuable as you?
- Should board members be elected “for life?”
- Fight for balance on your board!
- Your need for a board grows with complexity.
- Your board should protect you!
- Hire a consultant; ignore the advice!
- How to cheat legally on your tax return.
- Do you really need an accountant?
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Category Archives: Protecting the business
What’s the difference between your budget and forecast?
Hold it! These are confusing terms. When does a budget become obsolete? Do we rely upon constant changes and call it a forecast? So, let’s spend a few moments defining this sometimes-confusing set of terms. This is a budget: A … Continue reading
Protect your company secrets!
Let’s create a use case. Most senior and middle level managers will understand when a subordinate comes to them to resign and begin a new business. But all will immediately question whether the new business will compete in any way … Continue reading
Posted in Protecting the business
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Are you at risk for tech killing your job?
Stop me if you’ve heard this story before. “My job as a (newspaper publisher telephone installer, stockbroker, travel agent, retail store manager) writer, poet, commercial artist – is safe as this economy continues to grow.” Yup. Thought so. We are … Continue reading
What are the odds of your startup’s success?
Well, the numbers don’t lie, even if there are several sources of these statistics. Starting a company is HARD – in so many ways. And risky too. Let’s start with a restaurant -not our thing. But… I read several years … Continue reading
Posted in Growth!, Protecting the business, Raising money
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Things going right? Control your euphoria!
One thing a senior manager can count on is that someday, something will go right, very right. Well, after all the disappointments, pressure and outright failures, this is NEWS. So, we tend to go overboard a bit. As a member … Continue reading
About personal use of corporate assets
Here’s the IRS take on the issue: It is no secret that the IRS carefully looks below the surface for personal use of company assets (including cash) in its corporate income tax audits. This insight addresses more the impact of … Continue reading
What can we learn from the non-profit world?
In the non–profit world, the term, “time, talent and treasure” has been used so often it is almost at the edge of being trite. It’s used in that arena to describe a volunteer’s sacrifice in support of the non–profit enterprise. … Continue reading
Recurring revenues: Oil or glue?
Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company – an enviable position. The surprising recurring revenue trap There is a … Continue reading
A Lesson: It’s what you ask, not what you know.
A true story with a moral for all of us A friend recently told me a story that had nothing to do with business, but unintentionally had a great lesson for all of us. He had asked his arborist if … Continue reading
Posted in Protecting the business
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What do you wish you’d known yesterday?
Here’s the question: Wouldn’t it be great if there were no more digital or printed reports to tell us what happened in the past? I know. We need financial data for comparison, and to a degree – for planning. But … Continue reading
