Generational shifts are impacting demand for commercial real estate
When the winds of change come, you can’t hide your head in the sand. The business landscape is scattered with former companies that didn’t keep up with the times, favoring to keep running their operations as they always have — because it was working and there was no need to change. Technology and e-commerce trends […]
Stay ahead of the competition with creative problem solving
In today’s fast-paced world of business, it is critical to make choices and execute on decisions quickly to remain competitive. However, at some point, innovation has to be a part of the plan or the result is a very well built, highly engineered . . . typewriter. Whether it is new products or other difficult […]
Alan J. Fuerstman asked a lot of his team during the recession and got back even more at Montage Hotels & Resorts
It seemed as if Alan J. Fuerstman could not have picked a worse time to open two new hotels. In late 2008, the economy was in free fall as the global recession took hold. Leaders everywhere found themselves scrambling to see how deeply they would have to cut their expenses. And in the midst of […]
How to successfully implement new software systems in your company
Companies update their systems to replace outdated software and to modernize or streamline supporting IT resources. The problem is most companies that implement a new system do not achieve all of their objectives, and many fail miserably.
A passion for movies helps Moctesuma Esparza give back to his community through Maya Cinemas
Interviewed by Dustin S. Klein Moctesuma Esparza grew up in movie theaters. As a chef, his father was off on Mondays and so that would be the day he and his son would take in a movie. Growing up in Los Angeles, there were plenty of beautiful theaters for Esparza and his father to visit. […]
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 […]
Mark Scott: Why you could be missing out on a huge opportunity to make connections
Have any of your employees tried to do a selfie in the office in response to the one Ellen DeGeneres took at the Academy Awards last month? It was one of those moments that seemingly everyone was talking about and trying to recreate in the days after the Oscars. It served as yet another reminder […]
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 […]