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Business owners have a lot of responsibility. They are required and if you don't address them, the business will fail. Accountability is another type of commitment. It’s the difference between doing what you have to do, and doing what you should be doing. Accountability is planning for the future. Read More

The current generation of young employees, the Millennials, have different values and expectations than their predecessors. While Baby Boomers make up the majority of small business owners in America, for them, the Millennials aren’t another generation, they are more like beings from another planet Read More

A competent employee is a treasure but no one has infinitely expandable skill sets. The same ambition that makes an employee a valuable asset almost always causes them to eventually overreach. Left entirely alone, it isn’t a question of if they will get in over their heads, it’s only a matter of wh Read More

It has always been tough to start a business, but as Niall Ferguson points out in his excellent article “How America Lost Its Way” in the Wall Street Journal, it’s getting tougher. According to an annual survey by the World Bank, in only 20 countries has the red tape to start a business increased. Read More

Many employers chase the Holy Grail of pay-for-performance. We want a system that compensates employees appropriately for the value they add to our business. Most of us believe that better employees should be able to earn more than than those who produce less. But it isn’t a universal truth. Read More

Memorial Day weekend served up numerous reminders of the vulnerability of small businesses to disasters. Only 1 in 4 small business survive the loss of their records to a disaster. While off site backups are a requirement, there are many other ways that small businesses are impacted. Read More

The most recent Market Pulse Survey shows that “retiring Baby Boomers” is the number one reason for selling a small business in the United States.The Survey is just the latest indicator of a crest that is building, and which will have a huge impact on the American business landscape. Read More

A client found himself in an unenviable position. The cancer of negativity had spread through his management team. He knew the sources, and was prepared to clean house. Where should he start? Read More

According to the U.S. Department of Labor, as reported by Bloomberg, employee productivity dropped last quarter at a 2% annual rate. The common wisdom is that we have pushed an overstretched workforce as far as we can, but there could be other reasons. Read More

Small Business owners who are considering an exit strategy need to start by looking at their business entity if they want to avoid the corporate tax trap. A privately held C-Corp can be a tax nightmare to sell. Read More