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,…

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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…

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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…

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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…

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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…

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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…

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As a business owner, the idea of an acquisition or merger can be both exciting and daunting. While it can be a great way to expand your business or buy into a new one, the process of M&A is complex, and there are many potential pitfalls to avoid. Poor acquisitions can lead to the loss…

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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…

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As a business owner, you may have considered the possibility of exiting your business at some point. Whether it’s due to retirement, a change in career, or other reasons, it’s important to have a plan in place for a smooth and successful exit. In this article, we’ve compiled a comprehensive list of 6 business exit…

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As business owners continue paving the way through 2024, it is important to keep up to date with the latest regulations, including a final ruling recently issued by the US Department of Labor (DOL) that changes the guidance to determine how workers are classified under the Fair Labor Standards Act (FLSA). The FLSA sets the…

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