Category Archives: Protecting the business

The dangerous game: Hiring from a competitor

Sometimes it is the first thought you or your managers have when in need of skilled talent, especially for sales or product development.  It is not hard to find and observe the best employees of a good competitor at work, … Continue reading

Posted in Protecting the business, Surrounding yourself with talent | Leave a comment

Can your employees recruit from a customer or supplier?

The recruitment traps It has happened to all of us who have been leaders in business long enough.  One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be … Continue reading

Posted in Depending upon others, General, Protecting the business, Surrounding yourself with talent | 2 Comments

Let’s talk about your banking relationship

 The warning is real You’ve heard the old one – that a banker always seems willing to offer a loan when you don’t need it.  For small businesses, there is such truth in that statement that you can trust the … Continue reading

Posted in General, Hedging against downturns, Protecting the business | 1 Comment

How do you handle your cash reserves?

Here comes some advice for all of us to use in business or in our personal lives.  But to understand it, we need to delve into the short-and long-term sources and uses of cash. Good cash strategies to remember It … Continue reading

Posted in General, Protecting the business | 4 Comments

Are your projections really realizable?

Here’s one for the ages.  How many times have you projected income and profits only to fall short, and make excuses to those depending upon you to perform? We know the answer of course. Lots of people do or will … Continue reading

Posted in Protecting the business | 1 Comment

Data collection is about to get much more dangerous

On January First, 2020, California will enact the toughest data protection laws ever, far outpacing Europe’s General Data Protection Act (GDPR.)   Called the California Consumer Privacy Ace (CCPA), few of us are even aware of this and need to know.  … Continue reading

Posted in Protecting the business | 5 Comments

Most of your big problems start as small problems.

Let’s talk about surprises. And whether to warn your superiors or your boards about these unraveling events early. You have a dashboard or KPI’s, don’t you? Every good executive has a set of critical data points that best alert him … Continue reading

Posted in Protecting the business, Surrounding yourself with talent | 1 Comment

Can you just tell little business lies?

Are any of these little lies worth worrying over? “He’s not in right now.”  “I am going to the doctor at that time.”  “I paid only two dollars a unit to your competitor.”  Whether not true and used to avoid … Continue reading

Posted in Protecting the business | 8 Comments

Are your chairman and CEO the same person?

Here’s one that targets most any company that has taken investments at any stage, as well as more mature companies. Why would you split the positions? More and more today, shareholder organizations recommend that the positions of chairman and president … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | 6 Comments

The best things about your company board

For weeks, we’ve highlighted both good and bad things about boards of directors for your company (or non-profit.)  This week, let’s focus upon number one – aside from the requirements of boards to protect the company itself (not the shareholders.) … Continue reading

Posted in Protecting the business, Surrounding yourself with talent | 1 Comment