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Business

Protecting Your Company in the Wake of Beacon v. SOM

Industry attention has recently turned toward a decision of the California Supreme Court allowing homeowners to sue an architect they did not hire for claims of negligence. The case was Beacon Residential Community vs. Skidmore, Owings & Merrill. While it may seem like another unique…

Warning: Fake shipping company scam

  UPDATE (July 21, 2014): In January 2009, I wrote this blog in response to a flood of emails I had received regarding a fake shipping scam targeted at small and mid-sized businesses that can cost companies upwards of $10,000, in addition to lost product and time.  In the more than four years…

Ten Things Every CEO Should Know about Succession Planning

An exit plan is a customized, written plan that monetizes a business; meets the owner’s business, personal and financial goals; protects his or her wealth; and moves the owner into his or her next stage of life. A succession plan, on the other hand, focuses on the human side of the business. In…

The Seven Myths of Exit Planning

As a business owner, a good exit plan is crucial to profitably transferring ownership of your company. Yet, during conversations with hundreds of successful business owners, I have discovered some common misconceptions surround the exit process. Myth #1: “I will just sell my business and retire…

Your profits: Pop quiz

In today’s challenging business environment, successful companies need to be highly focused, and that requires having a management system in place that drives sales, profits and employee accountability. The following quiz is designed to get you thinking about your company, its management and…

Scam alert

     Red flags for fraud Orders through relay operator for the hearing impaired  Email orders with numerous typos and grammatical problems Orders for large quantities of standard glass sizes  Orders that require long-distance shipping Orders that request use of a shipping…