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Is it Time to Revisit, Invest In IT?

August 9, 2016 By Jessica Johns Pool

reinvest-in-IT-airline-technology-failures

It’s been a dark year for U.S. airline travelers, with Delta Air Lines, Southwest Airlines, American Airlines and United Continental all experiencing significant business disruptions due to computer system failures.

In each case, a technology failure led to thousands of flight delays and trip cancellations, costing these companies millions in extra costs, drops in share prices and brand damage.

Could your business be poised for a similar disaster? [Read more…]

Filed Under: Operations Tagged With: IT, technology

What You Need to Know About New OSHA Regulations

July 27, 2016 By Jessica Johns Pool

workplace-safety-osha-regulations

Now may be a good time to revisit your company’s safety training. Not just for the wellbeing of employees but for the health of your business.

The reason: The U.S. Occupational Safety and Health Administration (OSHA) has been busy in 2016, undergoing the first major overhaul of its regulations and penalties. The goal is to modernize its systems and make it easier to identify hazards at specific companies.

The new federal requirements take effect August 10, 2016. [Read more…]

Filed Under: Human Resources, Operations Tagged With: OSHA

Top 4 Benefits of Joining a Chamber of Commerce

June 6, 2016 By Jessica Johns Pool

chamber-of-commerce

When you run a business, the multitude of tasks can be overwhelming. There’s strategy to deploy, marketing to implement, clients to manage, sales orders to fulfill and that’s just before lunch! How can a business owner get the most from these long days?

Believe it or not, your local chamber of commerce may be the most valuable professional membership available. After all, this is a group dedicated to economic opportunity and prosperity.

First, identify the right chamber for your company. A small, local printing shop may find it most helpful to join a small suburban chamber while a larger business may get more benefit from aligning with a regional or state chamber. A middle-market company with international sales may look to the U.S. Chamber of Commerce for support.

Once you’ve found the chamber of commerce you think will best help your company, look for the following valuable benefits. [Read more…]

Filed Under: Operations, Sales & Marketing Tagged With: chamber of commerce

Why On-Site Medical Care Is Good For Business

April 19, 2016 By Jessica Johns Pool

on-site-medical-health-clinic-for-businesses

Your assistant has a cough that won’t go away but keeps putting off going to the doctor. Your HR manager needs half a day off to get her annual physical. Another employee wants to check to make sure his new medication is controlling his blood pressure properly.

Each of these scenarios take place in businesses across America every day, and each doctor visit means several hours off work and pricey office visits, maybe even ER visits. That coughing assistant could be infecting others as well as getting sicker herself.

Think on-site health care is too expensive for your mid-sized business? It may be time to change your thinking. Many medium-sized businesses are using on-site wellness programs to differentiate themselves from other employers – and keep their workforce healthier while lowering expenses. [Read more…]

Filed Under: Human Resources, Operations Tagged With: employee benefits, employees, healthcare, productivity

Is Your Company’s Data Legal?

April 4, 2016 By Jessica Johns Pool

data-sovereignty

If you haven’t heard about data sovereignty yet, you likely will soon.

Data sovereignty refers to the digital information your company uses and stores and with what laws that data must comply. In short, your data must be used and stored according to the laws of the country in which it is located.

These security requirements generally cover how information is used by the business, how it is stored and for how long. Should your security be breached, these regulations may also determine how to report the theft and what liability your company may face.

Data sovereignty is an emerging business issue since companies are quickly adopting cloud technologies while expanding into global markets. This means that your data must meet the data security requirements of the country in which it is stored, whether it’s in the United States, the European Union, China or elsewhere.

A recent webinar, Data Sovereignty: Understanding its Implications to Your Business and Investments, covered this topic in depth and is well worth a listen. Sponsored by The Deal, with experts from IntraLinks, Intel and Hewlett-Packard Enterprise, the webinar makes plain that data sovereignty is an area where small- and medium-sized businesses are particularly vulnerable. [Read more…]

Filed Under: Operations Tagged With: cyber security, data security, data sovereignty, information security

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The Private Business Owner – A Generational Equity Blog

The Private Business Owner is an online publication sponsored by Generational Equity. PBO aims to provide useful tips and information that will improve both the lives and businesses of entrepreneurs, as well as provide valuable insight into the company exit process through bi-weekly M&A Digests.
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