Seek Solutions by Seeking Empathy
The planning stage of our December issue typically starts with a conversation reviewing what we mean by “innovation.” Technology is often only part of it — a starting point, if that. Notable innovation hinges on better solutions to existing problems.
Buzzwords: Pain Point
A problem thought to be facing a person or group of people that entrepreneurs are looking to solve through goods and/or services.
The Legacy
As Holt of California approaches a crossroads, the company relies on its history of strong leadership transitions
Back in 1998, two family businesses —Holt Bros. and Tenco Tractors — merged into one, for a total of three families now under one business roof at Holt of California. Twenty years later, they rely on a long history of leadership transitions to select the next in line for succession.
Start Preparing Your Succession Plans Early By Allowing People to Make Mistakes
It would have been impossible to predict that from the card table in my grandmother’s living room, I would start a business in 1987, now called Byers Enterprises, and 30 years later would have grown it from a single contractor to an 87-employee full-service roofing, gutter and solar business.
Is Your Mission Statement Gathering Dust?
Start anew by first thinking about the real reason your organization exists
Do your eyes roll when you hear the words “mission statement?” You are not alone.
Many of you work at organizations with a mission statement that is now gathering dust on a shelf, framed on a wall or, even worse, carved in stone above your portal. If the following sounds familiar, you’re in trouble:
5 Ways Your Family Business Can Maximize Philanthropic Giving
1. Discuss your values and motivations. Explore your family’s motivations behind your giving to better understand what you want to accomplish. By identifying core values, you’ll be able to direct your support to mirror the causes important to you.
When The Giving Gets Good
Family-owned businesses with generous social responsibility platforms benefit Capital Region communities.
A number of the Capital Region’s most prominent family-owned businesses — like the River Cats — have made social responsibility a core tenet of their companies, employing staff and consultants to help make their programs central to who they are and how they operate.
3 Reasons Why Your Family Business Needs Systems
Call it a disagreement, difference of opinion or power struggle, but family-owned businesses are no less likely to have challenges about how things are run than any other company.
Here are my top three reasons why family businesses need systems:
Dilemma of the Month: Changing the Terms of Employment
My assistant “Jane” has a reduced work week, from 8:30 a.m. to 3:30 p.m. I agreed to this when she was hired. However, two years later, I now need her to work more hours. I don’t need or want to hire an additional person — I just need her to work an 8-hour day. But she doesn’t want to. What can I legally do?
Mitigate the Legal Risks of Terminating an Employee
When an at-will termination is at issue, there are certain steps to take and considerations an employer should evaluate to minimize the risk of later becoming the target of a wrongful termination lawsuit.