It’s never too early to begin crafting your business succession plan
Succession planning can be a difficult task for business owners whose sole focus has always been the growth of the company, says Steven P. Larson, an attorney with McCarthy, Lebit, Crystal & Liffman. However, taking steps to secure your company’s future is the best way to protect yourself, your family and your employees following your departure.
Celebrating entrepreneurship in all its shapes and forms
There’s something about the term entrepreneur that conjures an image of a single person with an idea fighting against the odds to make it a reality. It’s late nights working alone in a garage to get out from the second mortgage that’s funding those first crucial steps at a time when few have faith in […]
Ohio is becoming an attractive location for IT companies
While California’s Bay Area is the birthplace of many technological innovations, Ohio is home to considerable innovation as well, just without as much of the fanfare. Ted Griffith, managing director of information technology at JobsOhio, says with lower overall operating costs — as much as 70 percent lower than Silicon Valley — Ohio offers growing […]
How to make the best use of your balance sheet
Some companies are focused on driving sales. But a narrow focus on sales often means overlooking collection of accounts receivable or improperly managing inventory turns, which can lead to cash flow problems that can cause serious difficulties. “There comes a time when the financial sophistication of the company has to be upgraded,” says Dan Culp, […]
Steps to take before an injury occurs in the workplace
CompManagement’s Bruce Preston talks through the resources available to improve your overall workplace safety.
Learn how to get a second bite at the apple
Michael Feuer offers a few simple lessons about always keeping your options open to take advantage of another chance when needed most.
Leading through disruption and change
Change is messy, and never perfect. But as a leader, there are ways to improve the speed and adoption of change. Grange Insurance’s John Ammendola shares a few of his proven techniques.
Strategic alliances and the middle-market firm
Strategic alliances are used by firms for a variety of purposes, but Oded Shenkar of the National Center for the Middle Market says they can especially benefit middle-market firms that need to augment their limited skills and resources.
A tight labor market spurs innovation at Acloché
CEO Kimberly Shoemaker shares how change management and delegation have helped Acloché get creative to fill the gap between job candidates and open positions in today’s tight labor market.
Changes at St. Vincent Family Center create opportunities to do more, be better
St. Vincent Family Center has used Medicaid redesign as an opportunity to improve its programs. President and CEO Susan Lewis Kaylor shares some recent changes in an organization that never sits still.