Your business could be at risk without an executive retention strategy

Some 45 percent of executives are on the move these days, actively looking for new job opportunities, a trend that should concern employers, says Joe Crea, president of Benefits Resource Group. “Often an executive is just not engaged, he or she has decided there’s more money to be made elsewhere, or they’re dissatisfied with the […]

Mezzanine financing helps companies expand or transition ownership

“Mezzanine financing is a creative option that can help companies transition or expand their businesses,” says Kevin Vonderau, Executive Vice President and Chief Lending Officer at Westfield Bank. “It’s a good choice for companies with positive cash flow that lack the collateral to cover their expansion.” Suppose a business with $18 million in sales, $2 […]

How VoIP systems save space, offer low-maintenance solutions

When switching to Voice over Internet Protocol (VoIP) phone systems, a business will need to incorporate new equipment and technology. Though it may seem daunting, the transition and subsequent result leads to more manageable communications, a shallow learning curve and support during the process. “One of the biggest differences between using a traditional phone system […]

How to determine the limits of liability for your organization

Figuring out how much liability coverage to buy isn’t easy, but it’s very important. General liability covers an entity for bodily injury, property damage, personal and advertising injury, and medical payments to a third party because of negligence of the insured. So, adequately selecting the appropriate limits provides defense costs and indemnification to that third […]

How courts are deciding issues about ownership

Ohio’s shale gas region has slated capital projects valued at more than $12 billion, with the industry expected to add 66,000 jobs and $5 billion annually to the state economy starting this year, according to economists at Cleveland State University. More than 3 million acres have been leased for drilling, with gas and oil companies […]

Loren Shook: Why a little compassion can go a long way in business

The word “love” is not often used in business, but at Silverado, it’s a word we use every day. In fact, it’s a central part of our core operating philosophy. It’s fitting that a company dedicated to enriching the human spirit would echo a loving and caring outlook, but we take that even one step […]

Deena Carstens Munn: Much can be gained when corporations and nonprofits seek common ground

If your company is interested in establishing or enhancing its collaboration with philanthropic organizations, Dan D’Armond, community and government relations director for BMC Software, offers some excellent observations and questions to ask as you review your involvement.Here is my interview with him: Deena: What are corporations typically asked about corporate giving and forming strategic partnerships? […]