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Category Archives: Protecting the business
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
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
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
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
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
So, your board is dysfunctional. What to do?
It happens. Boards are elected by the shareholders, sometimes with preferred shareholders holding seats by right of their investment. In that instance, often the investor selects the board member and the CEO goes along with the choice, mostly out of … Continue reading
