Business health
Beyond the Balance Sheet: Why Profitability Doesn’t Guarantee Cash
A few years ago, I was introduced to a business owner who radiated success and confidence. His office was a reflection of his accomplishments—modern, bustling, and full of life. He greeted me warmly and ushered me into his conference room, where we began discussing his business and the challenges he faced. Despite his outward success,…
Read MoreNavigate Rising Tariffs and Geopolitical Uncertainty
Just two months into the new year, many companies are already feeling the weight of new tariffs and geopolitical tensions. According to the latest survey from The Conference Board, CEOs worldwide view intensified trade wars as the biggest threat to their businesses. The ongoing tensions between the US, EU, Canada, and China are expected to…
Read MoreConnecting Open-Book Management to a Culture of Growth
Do short- and long-term incentives motivate your employees to actively contribute to your business’s success? Are these incentives just tied to job tenure and security? What alternative approaches could create a more engaged and motivated workforce? Innovating Management Practices in 2025 As we enter 2025, it’s clear that innovative management practices are essential, especially those…
Read MoreAvoid Business Losses: How to Prune to Promote Growth in 2025?
It seems counterintuitive to cut off branches, leaves, or even roots to get larger, fuller plants. And yet, it’s one of the most important tasks for a thriving, healthy garden. Just like a garden, a healthy and thriving business requires an Owner who can tend to the health of their business by pruning or removing…
Read MoreLower Interest Rates and Its Impact on Company Value and Growth
In mid-September 2024, the Federal Reserve made a significant move by cutting interest rates by 0.50 percentage points to stimulate the economy, addressing concerns about slowing job growth and inflation pressures. This decision, the first rate cut since the early days of the pandemic, was aimed at stimulating the economy by making borrowing cheaper. The…
Read MoreElection Year Strategies: How Businesses Can Navigate Policy Shifts and Economic Changes
As Election Day approaches, business owners across the nation often find themselves grappling with a heightened sense of uncertainty. With so much at stake, including potential changes to tax structures, shifts in the economy, and fluctuations in consumer confidence, the landscape can feel unpredictable. This period of political transition can significantly influence strategic planning, investment…
Read More6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously quoted, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers, will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what you do…
Read MoreStart Your Year Off Right: Improve Value, Profits, and Scalability in Your Company
As a CEO, you already know that to lead a successful company in today’s marketplace takes resilience. No industry or organization is immune to the turbulent, unpredictable, and rapidly changing factors that demand we shift how we approach strategy, innovation, and competition. That strategy shift is not about the quick profits, but creating scalable business…
Read MoreUnderstanding the Beneficial Ownership Information Reporting Rule: FAQ’s For Business Owners
As part of efforts to curb money laundering, increase transparency of business ownership and to reduce other financial crimes, FinCEN has issued a new rule requiring businesses to report the personal identifiable information of their owners. This is known as beneficial ownership reporting. To comply with this rule, businesses must understand who their beneficial owners…
Read MoreSteps to Storm Proof Your Business When Dark Clouds Gather
It’s impossible to completely eliminate worry in business, but there are steps you can take to avoid common obstacles that can hinder growth and success. In my recent article, I outline the most typical “black clouds” that can hover over any business. These clouds can include everything from cash flow issues to employee turnover to…
Read More