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- What about your previous company non-compete?
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Category Archives: Protecting the business
You are your company’s moral compass.
Here’s yet another story that you may identify with – or have yet to experience in your business life. It’s one of those that define your leadership for all to see, sometimes based upon decisions made in the moment – … Continue reading
Here’s a rule for companies with outstanding loans
Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of … Continue reading
Posted in Protecting the business
3 Comments
Have you made the mistake of hiring too soon?
Well, you may not be alone. Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed … Continue reading
Posted in Growth!, Protecting the business
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So, what if you run out of money?
Money in the bank is like oil in the car. Certainly, you have many ways you are pulled every day, both tactical and strategic. But when money is the issue, your time, energy and focus are drained from other important … Continue reading
The 18-month rule and a harrowing tale
It can take 18 months from initial concern about a critical employee to getting a replacement up to speed. Of course, I’ll tell another harrowing story here. But first. an old friend, Dick Tanaka, gets credit for the 18-month rule. … Continue reading
Entrepreneurs: Employment law is not on your side!
Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for … Continue reading
Posted in Protecting the business
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Insurance is always too expensive – until it’s needed.
I expect that you have a story about how insurance saved you lots of money in your past. As usual, I have a story to make your hair stand on end. But first: here’s a fact. Business insurance is one … Continue reading
Posted in General, Protecting the business
1 Comment
Any advice can be worthless, or worse.
Ever get bad advice? Sure. We all have in our past. Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least … Continue reading
I won’t serve on a board without D&O insurance!
I’ve been sued as a board member too many times over the past twenty-five years of board service. Five times. Does that shock you? It does me. Entrepreneurs blaming their board for failures of a fragile, early stage company. Shareholders … Continue reading
Posted in Protecting the business
6 Comments
How to cheat legally on your tax return.
When do you cross the line between honesty and dishonesty in tax planning? Is it ethical to allocate income between periods to take advantage of tax breaks? Can expenses be put off until the next period to increase income, or … Continue reading
Posted in Protecting the business
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