Independent Contractors offer Expertise, Potential Risks

Turning to independent contractors can be a smart option in a number of situations, such as when you have a seasonal upswing in workload or need a specialized skill for a short period. But independent contractors come with potential risks, too. They may not help you trim your total workforce costs if you use them [...]

By |2015-08-19T15:20:04+00:00August 19th, 2015|Blog|Comments Off on Independent Contractors offer Expertise, Potential Risks

Keep an Eye on KPIs as your Company Rolls Along

Like race car drivers, business owners need to monitor gauges on their dashboards to keep an eye out for serious operational failures before a total breakdown occurs. These gauges are commonly referred to as key performance indicators (KPIs). There are two broad categories of KPIs: financial and nonfinancial. Financial KPIs often take the form of [...]

By |2015-08-19T15:18:52+00:00August 19th, 2015|Blog|Comments Off on Keep an Eye on KPIs as your Company Rolls Along

How to Fix a Shaky Succession Plan

A sound succession plan is a must for every business. But even the best-laid strategies can go awry. Here are some steps you can take to fix a shaky succession plan:

Compare progress to plan. Don’t rely on vague notions of why your succession plan isn’t working. Identify the specific gaps in its execution. Also consider [...]

By |2015-08-19T15:17:50+00:00August 19th, 2015|Blog|Comments Off on How to Fix a Shaky Succession Plan

ESOPs Remain an Intriguing Benefits Option

The employee stock ownership plan (ESOP) is hardly a new concept. But it remains an intriguing benefits option for many companies. An ESOP is a form of qualified retirement plan — specifically, a profit-sharing plan. It allows employees to own part of the company that employs them and then cash in their shares when they [...]

By |2015-08-19T15:15:19+00:00August 19th, 2015|Blog|Comments Off on ESOPs Remain an Intriguing Benefits Option

6 Ways to Mitigate Uncertainty in Strategic Planning

To succeed at strategic planning, business owners must look to actively mitigate the many uncertainties under which every company operates. Here are six ways to do that: 1. Be curious. Identify the demographic, technological, cultural and other changes occurring outside your company and industry. 2. Assess how those changes might impact your organization and industry. [...]

By |2015-08-19T15:10:24+00:00August 19th, 2015|Blog|Comments Off on 6 Ways to Mitigate Uncertainty in Strategic Planning