1. Put a “Family Tree”in the main entrance with all the employees’pictures on it
2. Take out a full page ad in the local paper each year to thank your employees. Be sure to list each employ..
We know that many of you have been wondering how the ACA will impact you with the new Administration so we wanted to give you a quick update!
On May 4, 2017, members of the U.S. House of Repr..
MBO stands for Management Buyout and it is one way to transition your business. In an MBO, you sell your company to your management team instead of looking outside the firm for a buye..
Published on Wednesday March 30, 2016 by Scott Kroh
I recently read Raving Fans by Ken Blanchard. It is a book that provides a road map for delivering a great customer experience for your clients and turning them into the name sake for this book – ..
The retirement of the baby boomer generation has long been a pending economic concern. It is now no longer pending— it’s here. Every month, more than a quarter-million Americans ..
Leader: someone who guides or directs others
Team: a number of people organized to function cooperatively as a group
Sometime back I read a book or article describing how the knowledge wo..
If you aren’t promoting your benefits, you are missing an opportunity to hire who you really want and keep the employees you really need.
In a recent Society for Human Resource Management ..
Hot off the press! Two major decisions were made last week that will impact you as a human resource professional or business owner regarding both the Department of Labor Overtime Rule as well..
Let’s start by quickly reviewing the most significant changes that are upcoming from the Fair Labor Standards Act (FLSA) courtesy of the Department of Labor. What changes d..
I’m sure you have heard your fair share of goal writing tips…they have to be “SMART”, etc. Today I want to change things up a bit and give you some tips you might not have heard as much to ..
I am a huge advocate for education and the continuous search for knowledge. It seems I have had more initials behind my name than the alphabet has letters. The product certifications I have earned..
Valuing a private business is a complex multi-stage process. Since private companies are not regulated by the Securities and Exchange Commission (“the SEC”) and are n..
Of all the resources a company possesses the most important by far has to be its people. Employees are the lifeblood upon which a business thrives. That’s why it is so important to not only recrui..
The is the second part of the blog from Grant
3. Have organized and well defined policies and procedures – While this may seem like an issue that is isn’t related to retention, it a..
One of the main differences between a public company and a private company is in the valuation. A public company has its stock defined by the market second by second, while private ..
A few years ago we changed our business model. We decided to introduce our Protection Pricing and no longer give proposals that include an estimated amount for services for several reasons.
The U.S. Citizenship and Immigration Services (USCIS) published a revised version of the Form I-9, Employment Eligibility Verification yesterday, November 14, 2016. By Jan. 22, 2017, employe..
Every business owner has a number in mind for what they think their company is worth. The problem is this amount usually is not based on fact, but on a hunch or a desire. Any professional bu..
The common idea of an exit or transition strategy is to sell your business to another company. However, there are many other options including gifting your business. While this is not an option f..
As part of the leadership team, serving in a District Director role, for the Texas Chapters of SHRM (Society of Human Resource Management), I am fortunate enough to get the opportunity to visit so..
An effective safety and health program need not be costly and can usually be integrated into your operation easily. It generally consists of five elements:
1. Periodic inspections
I didn’t expect it to happen so early in my career at CS3, but I won my first award with the company last week.
I won the Duh Award, something that could be considered more of a burden than ..
My internship here at CS3 Advisors has provided many valuable lessons in business, and professional interactions in general. Choosing the most valuable lesson is difficult, but there is one t..
You don’t know as much as you think you do, but its okay.
To interns (and potential interns everywhere),
Listen when superiors are talking and ask questions.
I have learned how possible it is to put immense amounts of time into a project and yield results with little to no value. Just because someone is busy working, it does not mean that the work they..
Every office has one, and I was determined to find it as I began my internship at CS3. Having minimal experience working in an office setting, I was curious as to where or how one might be discove..
Sometimes in business and especially when dealing with Human Resources, the difference between the almost right word and the right word can mean a lawsuit or employment case. Something as small as..
I participated in a lunch and learn today hosted by Paradigm Shift with Ryan Eller (http://myparadigmshift.org/) speaking on leadership. While Ryan is very engaging, the talk was not one of ..
Published on Wednesday October 19, 2016 by Scott Kroh
Currently, I’m working with a business owner on the differences between Management and Leadership. As part of this exercise, we are reading a book called “It’s Your Ship” written by Captain D..
What is your plan to solve the unprecedented challenge of managing five generations in the world of work today? Five generations exist in the workplace in significant numbers, but not just in the ..
Graphics are useful tools to analyze business in general. The SWOT matrix, Porter’s Five Forces, and the BCG matrix are just a few examples of useful tools that have become part of business langua..
In a recent publication by the Institute of Business Appraisers, Business Appraisal Practice: 2016 Second Quarter, there was discussion over the topic of Monte Carlo simulation and its application..
Just a few weeks ago, I received the second quarter issue of Business Appraisers Practice and I was highly intrigued since it was centered around the topic of Monte Carlo method, also known a..
It sounds simple: Invest in the correct software, then make sure you capitalize on all it has to offer. But the statistics show most companies seldom do this. Most companies are making huge invest..
Everyone agrees it is tough to find quality people. We certainly want to keep the great people we have on staff. However, we are sometimes faced with the challenge of hiring or retaining people wh..
The book E-Myth Revisited discusses the misconception of the entrepreneurial venture. The true entrepreneur has an idea and brings it to market in a well-structured, profitable venture.
Every business organization is a living breathing entity. I am beginning a series of six blogs related to the foundational elements of a great business organization. A business requires structure ..
In case you haven’t heard, on May 17, 2016, the U.S. Department of Labor (DOL) published colossal changes to the overtime rule that will make approximately over 4 million currently exempt emp..
Project management is as necessary to a systems project as the auditing function is to a publicly-held business. Projects need a person whose job it is to see the forest for trees: spotting potent..
This easy ready by Mark Sanborn is a must for all employees in your firm that are customer facing. I have been reading books this year about leadership and customer service. This book really emph..
Click Here to Download This Whitepaper (/whitepaper/Risk is Not a 4 Letter Word - Hollingsworth.pdf)
Risk – noun \risk\: the possibility that something bad or unpleasant (such as a..
Published on Thursday October 27, 2016 by Scott Kroh
Here are a few speaking pointers from the 2014 Toastmaster’s International World Champion of public speaking Dananjaya Hettiarachchi.
1. Keep your body open to the audience. This sh..
The time has come for you to add someone new to your team, and with that comes enormous pressure. You learned from past hiring experiences how difficult it is to find stellar people and you want t..
What do Publix and Reasor’s have in common?
Besides being grocery stores with customer service and product offering above par, they both are employee owned companies. Right now we have more ..
You decided it’s time to sell your car. It does not matter if you are selling to a car dealership or to an individual on Craigslist, you will detail your car in order to get maximum value fr..
Sir Francis Bacon once said, “Knowledge is power.” How does your company handle its knowledge about itself, that is, employee records? The answer to that question can indicate the effectiveness of..
Healthcare rules and regulations are constantly changing. Staying up to date is a daunting task, and can be very time consuming. Tracking compliance is essential to keep your business running..
A transition strategy can be a subject that is postponed as long as possible. It is even a taboo for some business owners. Their companies are their babies, so it is understandable why entrepreneu..
The Dream Team became an expression after the performance of the US Basketball Team in the Summer Olympics of 1992. Never before in history had a sports team dominated in such an uncontestable per..
I just finished reading this book for the third time and found it better than the first. I think this book is truly the yardstick for all self-improvement books. It is amazing that a business..
A transition strategy, often times, is a once in a lifetime event. Not many times are you able to transition your business. Moreover, you will be part of a wealth transfer involving more capital t..
A transition strategy, sometimes also referred to as an exit strategy, is an opportunity for owners to make certain that their business transitions in ways that best real..
Most people this of selling their business to another company as the only way to exit or transition from their firm. However, there are many other options. Gifting your business can be the ..
The prospect of hiring new personnel can be overwhelming. It’s large investment with a substantial amount of risk. According to Mercer’s 2015 Turnover Survey, in 2014 the average involuntary..
The business life cycle is a visual representation of the existence of a business, which is similar to the life of a human being and each phase has specific challenges.
Every company wants to..