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Identifying Weak Links to a Successful Transition

  If we can determine that there is, in fact, a potential buyer for the company based on a number of attractive assets and an initial calculation of business value, we can then pursue additional constraints to realizing the preferred value. An owner may not be satisfied by the initial calculation, believing that the company … Continue reading Identifying Weak Links to a Successful Transition

Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will … Continue reading Understand Your Social Security Retirement Benefits

Revenue Recognition for Contracts: Changes Coming Soon

Revenue is the top line of your company’s income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can tell whether your company is growing or declining. Moreover, changes in the composition of revenue can provide insight into your strategic plans. If your company enters … Continue reading Revenue Recognition for Contracts: Changes Coming Soon

Casualty and Theft Losses: Find the Silver Lining

We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the only parts of the country at risk for catastrophic events. Mudslides, earthquakes and wildfires often plague the West Coast, tornadoes may touch down across the Great Plains and Midwest, and low-lying areas near rivers and tributaries across the country are … Continue reading Casualty and Theft Losses: Find the Silver Lining

Assessing the Demand for your Business

One of the big assumptions, or constraints, that holds back a business transition plan is that the owner assumes there is a future demand for the company. Before you determine how much a buyer is willing to pay for your business, you have to confirm there actually is a potential buyer. Having no future buyer … Continue reading Assessing the Demand for your Business

How Theory of Constraints Applies to Your Business Transition Plan

Manufacturing firms spend a lot of time focusing on streamlined operations and leveraging technology to reduce constraints in the supply chain. What if the theories of supply chain management were applied to business transition planning? In similar ways, you must assess demand, identify and find solutions around constraints, communicate effectively and take the critical path. … Continue reading How Theory of Constraints Applies to Your Business Transition Plan

Reduce Your Risk of Committing Employment Discrimination

Whether a claim is unfounded or not isn’t apparent until it’s investigated, of course. But if statistics from the Equal Employment Opportunity Commission (EEOC) provide any insight, it’s worth noting that retaliation claims — the most common form of complaint — rose by 6% last year. These claims involve allegations that employers took adverse action against … Continue reading Reduce Your Risk of Committing Employment Discrimination

Is Your Company’s Vacation and Holiday Policy Working as Planned?

Presumably you have a holiday and vacation policy already in place. But what if it’s not working well for your company or your employees? For example, if it’s vague, you may have to make decisions on the spot when an employee asks for days off at a time that is inconvenient for you and possibly for … Continue reading Is Your Company’s Vacation and Holiday Policy Working as Planned?

Appeals Court Allows Sexual Harassment Case to Proceed

Sexual harassment on the job remains a problem in many workplaces. And most often, charges are filed by female employees against males. But in a recent case, the Tenth Circuit U.S. Court of Appeals rejected a district court’s ruling that a man’s sexual harassment charges against a female supervisor were improperly handled. The appeals court sent … Continue reading Appeals Court Allows Sexual Harassment Case to Proceed

How to Address Potential Construction Project Delays

It’s trite but true: time is money. And in the construction industry, this saying is particularly pertinent.If a project can’t be completed on time, it may result in penalties and other unwanted repercussions, not to mention the harm to a construction company’s reputation. And, in the worst case scenario, the firm may not get paid at … Continue reading How to Address Potential Construction Project Delays