Tag Archive: collaborate

Gaining New Ideas to Increase Business Value

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Every executive we work with is interested in increasing the value of the business.  Whether a small closely-held business with an owner who might want to sell the business or exit with an ESOP, a private-equity backed company aiming to achieve the ideal exit strategy per the private equity agreement or a large, complex organization working to increase shareholder value, increasing the value of the business remains a unanimous top priority. Understanding this objective is quite different from fulfilling it.  There is a reason the most successful businesses have teams of people rather than one person who has to come up…
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Imports & Exports: Which Companies Dominate and What are the Related Impacts?

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According to the Journal of Commerce, the U.S. imported double the amount of its exports (measured in TEU). In 2017, imports increased 6% whereas exports increased 1%.  This is quite an accomplishment since China (the top market for U.S. exports) announced an importation ban last year that cut across the various types of the top U.S. export, waste.   So, who do you think was at the top of the import list?   Walmart! The Details The largest segment of import is retail at 3.5 million TEU.  The next largest segment is foodstuffs at 700,000 TEU.  This is quickly followed by…
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How to Keep Your Team’s Morale Up During Change

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How to Keep Your Team’s Morale Up During Change Dramatic growth is commonplace. Companies are looking for opportunities to improve margins, accelerate cash flow and cut costs. Only those companies that change will endure. And only those teams that embrace change, and the leaders who engage people around change initiatives will thrive. The others will be left in the dust. In order to create this type of engagement, leaders must support team morale during change. But if you think about it, why should this be an issue, if the change is presented properly from the outset? Who wouldn’t be excited about positive…
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ERP Project Success: How to Be Part of the 20%

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More and more clients are pursuing ERP implementation projects as executives realize they need better tools to support business objectives– growth, service, margins, cash and the like. When implemented well, ERP systems can support substantial business growth without the additional investment in resources. Certainly, as the minimum wage goes up and workers’ compensation and healthcare are such significant issues, it is something many executives are thinking about! However, ERP systems can do much more – they can help collaborate with customers and suppliers. Those with the best-extended supply chains will thrive in the end, and so it makes sense to…
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Favorite Charities

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When I led my ProVisors ONT meeting last week, we talked about our favorite charities. We are a group of trusted advisors for businesses (commercial bankers, commercial insurance, consultants, attorneys, etc.) yet discussing charities was a great exercise to get to know each other better which also improves our ability to collaborate and do business with each other. At the end of the discussion, we picked a name out of the attendees, and one of us walked away with the money collected for the charity of our choice. The winner gave the money to rescue the animals. Do you know what is…
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Leaders and “They”

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80% of leaders are not living up to the task! We come across hundreds of leaders every year – at our clients, non-profit work and while connecting with former colleagues and key contacts. It is unimaginable how many weak leaders there are out there! If you have some of the stronger ones, HANG ON tight! The amount of wishy-washy leaders is simply mind-boggling. How can we get a grasp on this BIG problem rapidly? Start by taking a step back and think about “they”. When you catch yourself saying, “They won’t let me” or “They want xyz”, think about they.…
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Collaborate to Thrive

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It was not only a week of summits and symposiums but it was also a week for awards and recognition. In watching closely who won the top awards across the board, we saw a common thread in the winners — collaboration. One of the award winners spoke directly to the critical importance of collaboration. She is also known for bringing together diverse and often-opposing opinions together to find common solutions. In another instance, the award winner complimented his business partners during the award speech. In another, a member of his rotary thought so much of the company owner that she…
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