Deferred compensation plans can solve and avoid compensation problems, contribute to a greater rate of growth and profitability, and increase the probability of attracting and retaining key personnel. While not a cure-all, deferred comp plans can be an important part of the arsenal that helps achieve the objects of the CEO. Join us for a... View Article
What does it take to executive flawlessly? Learning to delegate, set expectations, hold people accountable, develop courage and resiliency, and coach and motivate teams are all strengths that great leaders cultivate. But how do they learn? In our no-fail society, we often try to “tell” developing leaders how to do their jobs versus working with... View Article
At Pricing Gurus, we believe that value-based pricing allows companies to achieve higher profitability and a better competitive position. Some companies disagree with that perspective or feel they are stuck with cost-based pricing. Let’s explore a few reasons why value-based pricing is generally superior. I like this definition from Wikipedia – “Value-based price is a... View Article
For most business owners, selling a business happens once in your lifetime. You have worked hard to build the business from the ground up, and it’s been a central part of your life for years – perhaps even part of your identity. Before you sell, you need to prepare both the business and yourself. These... View Article
Similar to many industries, legal battles within the construction industry primarily consist of disputes over contract terms. Careful drafting and negotiation of your contracts is the best tool to avoid disputes because it sets expectations early and provides the tools to address them if they arise. Keep these three tips in mind when entering into... View Article
Q: If a business owner takes one piece of information from this event home with them, what is the most important? Shahar: Taxes are not a “Dead End.” Planning and Financial maintenance is like health care. If you are proactive and take good care of how healthy and clean the business is – it will... View Article
Physical Abilities Tests (PAT) can be a useful tool for employers that seek ideal workers for physically demanding jobs. However, a biased test could cost your business millions in investigations, charges, and lawsuits. Just earlier this year, the Equal Employment Opportunity Commission (EEOC) filed two cases of female discrimination that cost the respective companies $2.5... View Article
There is no freedom quite as exhilarating as turning 18, both for children and their parents. Maybe your child is heading off to college or taking a gap-year. Maybe he or she is headed to vocational school or starting a career already. As a newly-minted adult, the world is at his or her fingertips and... View Article
Effective July 1, 2018, Seattle has banned the use of plastic utensils and straws in all restaurants, food trucks, grocery stores, coffee shops, and institutional cafeterias operating in city limits. The ban is an attempt by officials to curb the harmful environmental effects of single-use utensils on our oceans. It is the first of its... View Article