U.S. sanctions compliance

June 1, 2022  |  Business, Management

In response to the Russian invasion of Ukraine, new sanctions/restrictive measures have been issued by the U.S., EU, UK, Switzerland, Canada, Japan, South Korea, Taiwan, Singapore, Iceland, Australia and New Zealand. As a result, Russia is now the most heavily sanctioned country in the world.
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Developing the team

April 1, 2022  |  Business, Management

Every business owner I have ever worked with has always wanted to surround themselves with better people. Having a solid team of highly skilled individuals with differing strengths will ultimately make running the business easier. It’s really satisfying when you don’t have to look over every asp…
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The ethical dilemma of ransomware attacks

December 1, 2021  |  Management

The recent proliferation of well-publicized cyberattacks has revealed ransomware to be a serious national security threat. Still largely hidden from public view, however, are the attacks on small businesses, including many within the industrial, specialty and advanced textile industry, that don’t …
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Supporting employees’ mental health

October 1, 2021  |  Business, Management

As we continue to emerge from the COVID-19 pandemic, many have been reflecting on the year that was—or perhaps wasn’t. For a vast number of folks, priorities have shifted from simply surviving to remaining strong in the face of what has passed and what is to come.
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Succession strategies

August 1, 2021  |  Management

Determining the true value of your company. by Larry Oxenham Succession planning can be a tricky matter, especially if you’re passing your business on to a family member. Sometimes keeping it in the family is viable, but not in every case. If it comes time to sell the business instead, you should …
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Books to improve your business skills

June 1, 2021  |  Business, Management

Education is a valuable asset when it comes to success in life and business. Going to college is the standard road map many people use to get an education that helps them succeed, but I never really enjoyed the classroom. I wanted to get out and get busy. I did better with hands-on learning, either …
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Scaling your business

April 1, 2021  |  Management

The keys to achieving sustainable growth. by Charlene Clark The concept of scaling a business is not interchangeable with growing a business. Consider this scenario: You are experiencing exponential growth, revenues are up, work is pouring in the door and you decide to hire more people. You and your…
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Sales fundamentals during a crisis

December 1, 2020  |  Management

Tips for selling products and services during COVID-19. by Madeleine MacRae Determining the best way to sell and, even more so, how to effectively and appropriately market your products and services at a time of such widespread uncertainty and deep market disruption can be a daunting task. As a lead…
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Cash flow strategies and profits

August 1, 2020  |  Management

Follow these practices for positive cash flow.  by Mark E. Battersby Cash flow is the lifeblood of every business. In fact, according to a recent U.S. Bank study, poor cash flow management causes 82 percent of U.S. business failures. Although seemingly counterintuitive, many experts advise putt…
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Book review: Sustaining a family business

April 1, 2020  |  Management

Richard Seaman’s book offers a model for multigenerational success. by Rebecca Post An urgency runs through the pages of Richard Seaman’s book A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business. That urgency stems from Seaman’s understanding that few family businesses …
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