Small business owners that offer 401(k) retirement plans to their employees might want to take a look at some new, more flexible products that offer participants more options and flexibility while not tremendously impacting the overall employer cost. American workers...
Business Builders
The basics: Why data security matters
In today’s digital age, the personal and sensitive consumer information organizations store is the single greatest target for bad actors. Breaches can financially cripple unprepared small businesses. Business leaders must understand the contour of data privacy laws...
Step up your cash flow
Cash flow can make or break a company. Mismanagement often leads to business failures and cash flow visibility — the ability to track and monitor it in real time — can be a major concern for many small businesses. So what challenges are companies facing? And how can...
Writing our own rules
As a new entrepreneur with a 22-year runway from corporate life, it was too easy to replicate the back-to-back meetings, weekend email catch-up and long hours considered standard. And while I loved the freedom of being my own boss, the autonomy to craft my own...
Minimize your risk of business data loss
The first-ever reported data breach and loss was an alarming phenomenon that caused great anxiety and mystification over business and personal information being out there in cyberspace. Now data breaches are so frequent that we’re almost desensitized when news of an...
Strategic planning from a clean slate
Leaders across industries, company sizes and ownership structures are facing similar challenges in today’s competitive environment. At the same time, these leaders are expressing their desire for a strategic planning process that starts with a blank sheet of paper and...
Addressing retention issues for a more engaged workforce
Retention issues are a critical concern for businesses of all sizes and industries. High turnover rates can lead to increased costs associated with recruitment and training, reduced productivity and a negative impact on overall company culture. Recognizing the signs...
Maximizing your proceeds from a business exit
Have you ever considered exiting your business but wondered what steps you can take to maximize your proceeds? You can do several things to maximize your price, terms and tax efficiency when you are ready to sell and enter the next chapter of life. Preparing your...
Community banking during turbulent times
It’s never been more important to partner with a banking institution that has a record of security and safety that you can rely upon. There are a lot of options for protecting your assets and you should do your due diligence before you trust any institution with your...
Effects of the recreational cannabis legislation
On May 30, 2023, Gov. Tim Walz signed into law House File 100, which legalizes recreational cannabis in the state of Minnesota. The new law, while ending the prohibition of cannabis in this state, also preserved the unique tetrahydrocannabinol (THC) beverage market,...