Join the discussion as we motivate, educate and connect
Perhaps surprising to some people, the answer is yes. Last month Dr. Thomas Davidow, Ed.D. wrote an excellent column concerning the stress caused by family business litigation (see the link below). In it, Dr. Davidow suggests that you ask your litigation attorney about alternatives to litigation. Because of a litigation attorney’s understanding of the litigation [...]
Yes! But it is hard work. Professionals like to call the emotional component of family businesses the “soft side.” Believe me: there is nothing soft about the emotional intensity of being a family member in a family owned business. And there is nothing soft about disagreements between family members. Family members’ habitual, ineffective behaviors towards [...]
With the new century came another set of clichés and metaphors business people use to describe their ideas and directions. In the last decade we wanted to Think-Out-Of-The-Box. Then we chose the 30,000-Foot-View. Neither of these classics means much of anything. When you come right down to it, what relevance does thinking-out-of-the-box have for any [...]
We are looking to expand our product sales for the first time abroad and were stunned to learn the country has a local sourcing requirement and we must purchase parts from local vendors if we are to sell our products there. Have we picked the wrong foreign country to market our products or is this [...]
DDoS is an acronym for “Distributed Denial of Service”. This is a complex cyber-attack that can disrupt businesses and cause great financial harm. For purposes of explaining to a broad spectrum of business executives, I am not going to attempt to give an in depth technical explanation, instead I will use a couple of analogies. [...]
The world or work is on-the-go, for sure. People use their tech and smart gadgets to take their ‘offices’ with them: from the workplace, to the home, to the coffee shop, to the plane. We’re in the throes of an increasingly BYOD (Bring Your Own Device), ‘Work Anywhere’ universe — and there’s no turning back. [...]
“My employees have been getting a pretty predictable bonus for about five years now, and some seem to think it’s become part of their guaranteed salary. I’m worried that we’ll have an ugly situation if we ever have a lean year and can’t afford a bonus. What can I do?” Mike: You have two separate [...]
I was talking with a colleague today about the unique qualities of family businesses. Naturally, we went right to the difficulties family businesses face and the stories that go along with them. We spent a lot of time talking about the bad and the ugly, but we did not talk about the good. Professional Advisors [...]
We occasionally come across this from our readers so we decided to write about it. An escalation clause is common when the supplier price or perhaps the landed cost has volatility due to certain factors such as materials or the currency exchange rate. These clauses are more common with long term contracts that span a [...]
An ‘Invisible Work Booth’ is really more an effect than an actual, advertised work-station or layout. Many of the new work generations love the collaborative qualities of the open-workspace environment that you’ll find at Coworking Spaces, which is why they’re so popular and opening at a clip of more than 4 per day, world-wide. But [...]
At a recent company meeting there was a discussion about BYOD? I take it that it has something to do with our company’s IT Department. I am not familiar with the term, what is BYOD? Glad to answer the question for you. BYOD is short for “Bring Your Own Device”. It refers to when a [...]
“I’m trying to develop a forecast that will show best-case and worst-case outcomes, and I’m stuck on how to define ‘worst case.’ There always seems to be something ‘worse’ than what I project, even though the likelihood gets silly (e.g., what happens if a meteor blows up the planet?). Is there some standard way of [...]
Stay Connected