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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Securing Key Employees Before the Sale of a Business

If you’re planning on selling your business, you already know that there is no end to the important factors you need to consider before the sale. One of the strategic planning issues that often goes overlooked by business owners is the importance of securing key employees before the company is sold to ensure a smooth transition and command maximum value for your company.

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The Collaborative Role of an Executive Benefits Advisor

As a business leader, you know that part of maintaining a successful business from start to finish involves recruiting talented leadership. This can be challenging, but is essential for facilitating the success of a smoothly operating company. Then, once the members of your C-level management team are in place, retention of those key executives is essential in order to avoid business disruption and expenses caused by their turnover.

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Life After College: an Interview with Charlie Amato and Gary Dudley

As another semester starts to wind down, thousands of college students across the nation will walk across the stage in the coming weeks to receive hard-earned college degrees. While times have certainly changed since Charlie Amato and Gary Dudley graduated from college, there are some things that remain the same when it comes to life after college. I sat down with Charlie and Gary to discuss their background and what sound advice they can offer to college graduates as they begin the next chapter of their lives.

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Preparing First-Time Leaders for Success

So, you have a star employee on your team—a proverbial rock star. She knows what is expected of her and excels at every turn. She shows initiative and creative problem solving skills. She is an informal leader and her peers respect her and see her as an expert. She lives by your company’s values and has earned the trust of everyone she works with. You know about an opportunity for her to move into a management role, but how do you set her up for success?

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5 Ways to Build a Successful Internship Program

Let's be honest, we've all worked at companies where college interns are thought of as the bottom man or woman on the totem pole. You may have even been at the bottom of that totem pole yourself some time ago! Interns are asked to do the most minuscule tasks like grabbing coffee, filling up the copier with paper, sorting mail, and anything else you can imagine. Although these tasks need to get done, could your intern be utilized in a way that is more impactful and beneficial to your company? Here are a few things to keep in mind when hiring your next intern to help you build your very own successful internship program.

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Three Benefits of Business Exit Planning

Through my work as a business advisor, I've seen firsthand that business owners have plenty to do. You're running your business, taking care of your home and family, and trying to attend to other responsibilities. Often, this existing to-do list is the reason business owners give for not pursuing exit planning. You may be unsure if it can help address important issues without taking up the little time you have remaining.

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Protect Your Key Leadership from Recruiters

As a business owner, you likely already spend a significant amount of time searching for and hiring employee leaders. Once you have the right people in your employ, you want to guard against others tracking them down and poaching them. When employees leave, you not only lose the knowledge and experience you've spent time instilling in them, but you also may lose customers who prefer to continue working with that one employee rather than with the employees remaining at your company.

Here's how you can protect your company from losing key leaders when recruiters call.

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Consider Succession Planning in Retirement Preparations

As a small business owner, many tasks crucial to the running of your business fall on you. But someday you'll wish to retire, and then what happens to your business? You need a plan for the future ownership and running of your business. A proper succession plan lays out what will happen to your business in the event you unexpectedly must turn over ownership or in the event of your hopefully well-planned retirement.

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How to Calculate Your Paycheck as a Business Owner

As a business owner, you're tasked with making a number of decisions on behalf of your business, including what to pay yourself for the services you provide. Though a number of methods exist for determining a proper pay rate for yourself, you should keep a couple things in mind about all methods:

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3 Ways Business Leaders Should Be More Like Leo DiCaprio

via giphy.com

Whether you're a movie buff or not, it's difficult to escape the chatter surrounding Oscar season. As we approach the 88th Academy Awards, and Leonardo DiCaprio receives his fifth Oscar nomination, DiCaprio fans across the world are crossing their collective fingers, hoping that 2016 is finally the year that the critically acclaimed actor takes home a gold statue for Best Actor. Admittedly, I stand with the crowd that disagrees with the fact that Leo has yet to win an Oscar, considering I probably watched Titanic about 60 times, and my entire bedroom was covered ceiling to floor with Teen Beat posters of that handsome devil when I was 14 (who remembers him as Luke in Growing Pains? #swoon), but I digress! It's hard to argue with a talent that has more than 29 movie roles to his credit, and whether or not you fall into the #TeamLeo category, I believe that all business can learn a thing or two from his acting career:

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