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Last week we considered the question “Are you ready to hire a consulting firm?” and proposed a series of questions to inform a self-evaluation session, in which you reflected on the strengths and weaknesses of your business and yourself. Now it’s time to make...

As you grow your business, you’ll inevitably consider the possibility of hiring a consultant to help you overcome specific obstacles or meet specific goals. A skilled, effective consultant can be worth every penny, but it’s tricky to know when you’re talking to the right...

As you are founding or growing your small business, you’ll confront this question: Do I need a board of directors? Typical entrepreneurs and CEOs are attracted to the role because they’re driven, single-minded, and have a powerful vision. That sounds like good stuff, right?...

As your business grows in revenue and complexity, your tax situation becomes more complicated as well. You may have an employee dedicated to AR, AP and bookkeeping, and you may have a tax professional handle your taxes. At some point during growth, you’ll come...

As I’ve worked with small businesses over the years, I’ve noticed that many business owners resist documenting a formal business plan and embracing concrete long-term strategies. We’ve all been exposed to messages endorsing the value of a business plan and goal-setting–so what are the...

  Consider the implications of these two simple statistics: In 2015, millennials become the largest generation in the U.S. workforce (Pew Research Center). Millennials switch jobs four times in their first 10 years on the job on average (Linkedin) There’s no denying it: Understanding...

When you’re trying to attract top talent to your company (and you should always be trying to attract top talent to your company!), you’ve got lots of variables to consider. Salary, benefits, opportunity for advancement, career enrichment. How about the workspace itself? It matters...

In January, the World Bank issued a statement that energy and metal prices are increasing due to tight supply and strong demand. It forecasts a 29% increase in crude oil over 2016 and an 11% increase in metals prices. Agriculture prices are more stable,...

As 2017 unfolds, surveying the trends and predictions for the year focuses on one dominant umbrella category in which important changes are happening fast: Technology. Advances in all aspects of technology have had a tremendous impact on business, the economy, manufacturing–really, on all aspects...

Entrepreneurship is on the rise, and recent statistics show that the buying and selling of small businesses is at a high. According to BizBuySell’s Q1 2017 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide, the number of transactions...