Category Archives: Advisory

How to Encourage Employee Cooperation During Business Sale

Companies are made up of individuals. It’s easy to overlook this fundamental fact when you’re deep in negotiations with a potential buyer. But if you ignore employee fear and anxiety about a merger, the individuals who compose your company can make a smooth integration difficult, if not impossible. Silence is the enemy Throughout the sale

Affordable Care Act Responsibility Provisions That Apply to Your Business

The Affordable Care Act contains specific responsibilities for employers. The size and structure of your workforce — small, large, or part of a group — help determine what applies to you. Employers with 50 or more full-time equivalent employees will need to file an annual information return in early 2016 reporting whether and what health

What Advice Would You Give Your Successor If You Were Going to Hand Over the Reins on January 1, 2016?

As 2015 comes to an end and you are planning for 2016, there are many things to consider. You can revisit the planning that you do each and every year:  setting goals, budgets, getting the team on board, reviewing and updating your vision, mission and values, etc., but I have one question for you to

How to Keep Your 2016 Business Action Plan on Target

How are you progressing toward the plans you set for your business this year?  Most all business owners and management teams start each year with a set of goals/objectives they intend to achieve for the year.  Those goals/objectives are supported by strategies, and those strategies are supported by action plans.  Now that we’re about one-third of

What Value Do You Deliver to Your Customers?

I have studied Value Propositions in Michael Porter’s Five Forces framework and in Chan Kim and Renee Mauborgne’s Blue Ocean Strategy.  In Blue Ocean Strategy, Kim and Mauborgne suggest moving beyond the bloody waters where the sharks are and developing core differentiators that the marketplace cannot compete with.  In one of my all-time favorite books,

What Are the Key Resources That Drive Your Business?

In one of my all-time favorite business books, Business Model Generation by Alexander Osterwalder and Yves Pigneur , they discuss the key resources that drive business. I really enjoy this topic because it speaks not only to the financial assets that a company owns, but also to the non-financial resources as well.  Many accountants understand