5 Things to Consider Before Valuing Your Business

When it is time to sell your company, or a private equity group approaches you with interest, you must consider how to go about a process that insures you can define and meet your transition goals. Bo Burlingham in his book Finish Big raises some steps to defining a happy or relative happy exit from… Read more »

People-Processes-Systems

In this article, I discuss the origin of the idea that organizations should first invest in people, then development of core processes, and finally systems (technologies) that will support the first two. The Evolution of Popular Thought on this Topic It is unclear who first coined the phrase “People-Processes-Systems” that many companies continue to cite… Read more »

How Employee Vacations Can Benefit Your Business

A vital part of evaluating a company’s internal controls is to verify that employees actually take their vacations. In today’s work environment, some employees may believe that foregoing their vacations proves that they are dedicated and hard-working. It is often considered a badge of honor to take very little, if any, time off.  Even though… Read more »

Truisms for Business – Where to Find Them!

Truisms for Business – Where to Find Them! In business, as with many things in life there are inviolable truths that must be observed. History has faithfully recorded the consequences of those who fail to take heed of such truths. Just think of pitfalls that befell the likes of Napoleon, Hitler and the fellas at… Read more »