At an event recently, someone said, “I hope I’ll never need it, but I’ll take your card.” While I never take these comments personally, it’s always a little disheartening to hear that many intelligent, thoughtful business leaders still have an antiquated view of the real value of engaging legal counsel. Typically, business leaders think of calling... View Article
Contract management is at the heart of effectively building relationships with partners; ensuring compliance with local, state, and federal laws; anticipating and eliminating potential deal delays; and increasing profitability. Not surprisingly, the importance of effective contract management cannot be overstated. And yet, it’s a process that’s paid little attention to until an issue arises. In... View Article
Some of you may have come across the recent LinkedIn posts calling out a Virginia based recruiting firm called Cynet Systems for job postings that included “Caucasians preferred” and “female candidate only”. And your first reaction was probably something like “This isn’t legal, right?” Right. While I’m not going to get into the details of... View Article
When you’re in the C-suite, it feels like asking for help comes at a cost. Even with a team of professionals — attorney, CPA, financial advisor — that you trust, getting someone up to speed takes time. And as soon as you pick up the phone, the clock starts ticking on their time and the... View Article
We all know that ‘cash is king’ but as business owners, it seems that we really should be focused on profit, right? Profit is what we get to reinvest back into growing our businesses or, better yet, take home. Last week, I attended the Profit Mastery program, which provided a fantastic and stark view of how... View Article
Over the past few years, the emphasis on employee engagement and happiness has been forefront in the business news and best practices. And though more companies are realizing Ping-Pong tables aren’t essential for workplace happiness, there’s certainly value in creating a ‘fun’ work environment to boost employee engagement. Whether your company’s incentives are fun or financial... View Article
Rideshare companies Lyft and Uber have announced stock ownership opportunities for their drivers as part of their IPOs this spring. In an effort to build driver loyalty, the programs offer the drivers cash bonuses that allow them to subscribe to shares of the company’s stock in advance of the IPO. This is an unusual structure... View Article
We hear it all the time — “I want employees to think like owners”. This desire by business owners to align employee behavior with the objectives of owners often results in compensation and other incentive plans that mimic the financial results that owners receive. Stock ownership, options, stock appreciation rights, phantom stock, and profit sharing... View Article
Business owners are notorious for excelling at doing the work. Often, they start their businesses because they’re good at what they do and customers like working with them. As the business grows, they find themselves overwhelmed — trying to both do the work and run the business. The logical next step is to hire some... View Article