5 Key Understandings About Intangible Assets Business Owners Should Know
Understanding and protecting intangible assets can increase the value of your company when selling a business. Here are five good things to know. […]
Category: Expert Advice
Business Growth Strategies: Updating Your Website
Your company’s website still makes a powerful impression of your brand when potential customers begin researching vendors who can supply certain products or services. If it’s been awhile since you updated it, here are some ideas to consider. […]
Career Stage 6: Start-up Founder
Starting a new business after exiting another business has its own set of perils. In Part 6 of this series, Rock LaManna reflects on some of the lessons learned the hard way when he founded a start-up manufacturing company.
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Everything Ends — Including Your Role in Your Business
It’s never too early to start preparing for the end of your role in your business because you never know when that end will be. Successful business sellers know that preparing their business to be attractive to buyers can take years. […]
What Entrepreneurs Can Learn from Rock’s Family Business Memoir
Guest blogger Eileen Fritsch offers insight and feedback on Rock’s new memoir, They Named You Right. […]
Career Stage 5: Becoming a Consultant
In part 5 of this multi-part series, Rock focuses on both his deal and his future.
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Managing Addiction in the Workplace
Don’t be naive and assume that substance abuse isn’t happening in your workplace. Statistics show that 70% of illicit drug users are in the workforce. Your best bet is to be aware and get ahead of any problem before catastrophe can occur. […]
Are You a Hard Worker or a Workaholic?
You work long and hard sometimes, but does that necessarily make you a workaholic? Rock outlines the difference. […]
Career Stage 4: Selling Our Family Business to Tom Auth
In the 4th post of this multi-part series, Rock LaManna reflects on what he learned during the process of selling his share of Vomela Specialty Company to Tom Auth.
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Career Stage 3: Lessons Learned While Buying My Father’s Business
In part 3 of this multi-part series, Rock learns several harsh truths that would shape his future with Vomela and lead to his eventual departure.
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What Strategic Buyers at Trade Shows Tell Me About Dealmaking
Trade shows are great places to connect with buyers on the prowl for new businesses to acquire. Experienced dealmakers I meet at trade shows have pretty specific advice about what buyers today are looking for from sellers. Here’s the inside scoop. […]
Career Stage 2: What I Learned as CEO of a Family Business
In part 2 of this multi-part series, Rock looks back at what he learned about growing a family business, being appointed President and CEO of Vomela Specialty Company instead of one of his 10 siblings, and key leadership lessons learned.
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Career Stage 1: What I Learned Working in the Family Business
In chapter 1 of this multi-part series, Rock looks back at what he learned during the first stage of his career when he worked as an employee in his father’s business and shares practical advice for owners and family businesses and their children.
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An Expert’s View of the Buy-Sell Arena in the Graphic Arts Industry
I’ve watched hockey, played hockey, and coached hockey. I’ve thought a lot about how it affects the way I work and compete. Success comes from passing and moving and keeping your eye on the target.
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Family Business Succession: Developing Future Leaders
Succession planning in a family business can be tricky. Check out our tips for identifying and coaching potential future leaders of your business.
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How Gray Divorce Can Hurt Retired Business Owners
Your golden years of retirement might not be so golden if you suddenly find yourself in the middle of a messy divorce. Here are some points to consider before it comes to that.
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Avoid Family Business Conflicts: Create Separate Worlds
Families and businesses are different in how they approach and resolve problems. Guidance from an objective outsider can only help family businesses when conflicts arise.
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Successfully Managing Remote and External Workers
If your company is under-staffed, now is a good time to re-evaluate the types of jobs that must be performed by full-time employees and what types of work could be handled either temporarily or full-time by independent contractors. […]
Year-End Financial Management Checklist for Business Owners
In the quest to develop business plans for the next year, it’s easy to overlook the steps you should take now to put your personal finances in order as well. This list of questions can help you get started. […]
Why Band Aid Solutions Can’t Fix Job Burnout
Research shows that job burnout rates are higher now than before the start of the pandemic. If you don’t take employee burnout seriously,you risk losing some of your most talented employees. Here what business owners need to know about burnout and how to prevent it. […]
3 Things to Know about Non-Compete Agreements Before Selling Your Business
Before selling your business, consider hiring a litigation lawyer to vet the non-compete terms included in your purchase agreement. […]