To help organizations maintain stability and profitability, they need to engage in some form of strategic planning. A recent survey by Travelers, an insurance giant, drives home this point. In
Creating a business budget is a critical part of every organization, while not every budget looks the same. Some organizations have intricately detailed ones, and others may rely on simple
When it comes to succession planning, many business owners find that choosing a successor is the most difficult task. Owners of family-owned businesses, who may have multiple children or other
Many organizations have employee assistance programs (EAPs) to help their staff with issues they may be struggling with personally, including mental health, substance abuse, and financial challenges. EAPs are voluntary
For a couple decades or so now, organizations have been urged to “get on the cloud” and take advantage of abundant data storage and a diverse range of software. But
There’s no one-size-fits-all benefits package for employers. The optimal combination of tax-friendly benefits depends on a variety of factors, including the size and demographics of your workforce. However, one option
When the leadership teams engage in strategic planning, they may be inclined to play it safe. While that approach is understandable; sticking to strengths and slow, measured growth are often
Owning and running an organization tends to be a test of one’s patience. You wait for implemented strategies to play out. You wait for materials, supplies, or equipment to arrive.
Cost control is fundamental for every organization. However, knowing where and how to address this challenge can change with time based on various economic and logistical factors. Earlier this year,
When organizations reach the point where they are ready to sponsor a qualified retirement plan, typically the first one that comes to mind is the 401(k). However, there are other,
