An Online Publication by Generational Equity
When you own a privately held business, it helps the bottom line to be in a growing industry. Not only does make it easier to improve profits, but it also helps your company become more attractive to potential buyers of your business.
Ibis World issued a report back in February that identified the best industries in which to start a business in the U.S. Today we’ll reveal the eight growing industries and how current private business owners can take advantage of their anticipated growth.
If you weren’t already convinced that having a positive corporate culture is essential to your company’s success, especially if you’re planning to sell your business at some point, here is one more reason to develop a culture that makes other CEOs jealous: fewer leaks.
When you’re brainstorming about ways to show your appreciation this holiday season, there are really only three gifts that are guaranteed to put a smile on your employees’ faces.
Think about the time of day when you’re most productive, meaning the time when you get the most work done in the least amount of time.
You likely have one of two answers: early morning or late night. Many people prefer to wake up early to get a jumpstart on the day, while others choose to stay up late and clean out their inboxes or wrap up a project.
Regardless of when you’re most productive – and it might not be either early morning or late night – everyone’s productive time has one thing in common: unavailability.
Keep your family business healthy by staying away from these no-nos.
When it comes to cost cutting, electricity is not the first thing that springs to the minds of most business owners. But energy costs are a potential source of huge long-term savings, improving your company’s bottom line.
Since October is National Energy Action Month (also National Cyber Security Awareness Month), we thought we would share some ideas regarding energy efficiency and provide you with a list of ways to cut your company’s energy consumption.
Without excellent communication, relationships can turn nasty quickly. A simple misunderstanding can lead to anger, hurt, and disappointment. Repairing broken trust can be an uphill battle, sometimes one that seems impossible to climb.
This situation is amplified in a family business; Owners can’t afford to have huge communication breakdowns or misunderstandings with other family members or their staff, because everyone has to get along, given their smaller size. Here are five things you can do to better communicate internally.
Cyber security should be a top concern for business owners. We’ve delved into why small businesses should fear data breaches as much as big companies and the top 3 reasons why a hacker would target your business website.
In the spirit of National Cyber Security Awareness Month, today we’re going to examine results of a “Bring Your Own Device” survey conducted earlier this year by IT governance, risk, and compliance firm Coalfire.
Picture this scenario: A business owner has spent the last 20 years assuming that his children will take over the family business. But recently, it’s come to the business owner’s attention that none of his children have the desire or ability to do so. Now, he’s close to retirement without any options for his replacement.
This dilemma, which happens all too often, highlights how vital it is for family-owned businesses to have open and honest conversations about what will happen with the company when the founder eventually retires.
