Every business wants to engage in strategic planning that will better position the company to sell more to current customers — and perhaps expand into new markets. Yet the term “strategic planning” is so broad. It’s easy to get overwhelmed by...

Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies aren’t always compatible, and the older and younger generations often have conflicting interests. By starting early a...

It’s that time of year – time to create your 2017 business plan and, ideally, a budget for that plan. While the idea of working with a budget may be foreign to some business owners, budgeting is one of the most fundamental tools of managing your ...

Q. What can I do to help keep our strategic plan useful and relevant to my business? More often than not, businesses will go through the grueling strategic planning process only to allow their plan to become static as soon as it’s developed. A str...

With recent storms causing flooding and wildfires happening nationwide, it’s a very ideal time to implement or revisit the disaster recovery plan for your business. A “disaster” can come in many forms, such as: A fire, flood, hurricane, tornado...

Credit union mergers are occurring at the rate of approximately one per day in the United States. Given the current environment, it is safe to say that this trend will continue or even escalate. Some industry experts estimate that by the year 2020, o...

All businesses can benefit from outside advice. But it can be especially valuable to family or closely held businesses, which tend to be more insular. After all, in many cases management is made up of family members and friends who’ve worked in the...

By David Ritter, CVA, MBA – Shareholder How do goals and objectives differ? Can your team distinguish the difference between a strategy and a tactic? Does your organization differentiate its mission and its vision? These are all fairly basic co...