In a pandemic the power of CEO peer advisory groups offer timely help

In a pandemic the power of CEO peer advisory groups offer timely help

“The leadership journey is life-long, and Vistage members recognize they don’t need to climb on that journey alone ” Vistage leaders are stepping up to support one another, and applying insights and best practices that make their journey more successful. The group meetings are facilitated by Vistage Chairs, who are former CEOs and business owners. They inherently understand the members’ challenges.

Keys to Evaluating Valuation Services Providers

Keys to Evaluating Valuation Services Providers

Which type of valuation services do you need? This is an important question and will affect the results and your final choice of provider. Calculation analysis looks at limited information and is often for people who are thinking of selling but have not made a final decision. Limited valuation analysis is common when the owner wants to save money and time for a fairly informed valuation. Full valuation services involve very detailed information as well as a visit from the valuator to provide the most accurate estimate of the value.

Remote workers your weakest link – Cyber risk exposed

Remote workers your weakest link – Cyber risk exposed

According to research presented by Galvin, remote workers on their own networks are at greater risk due to cybercriminals. More companies are implementing cybersecurity plans, up 46 % in 2019 from only 38% in 2017. In the survey presented, roughly 32% of CEOs stated that over the last 12 months they had been a victim of a cyber attack. You’ll want to read up on Galvin’s comments regarding Addressing the weakest link, and Mitigating risk from the remote workforce.

Why emotional intelligence makes the best leaders

Why emotional intelligence makes the best leaders

Have you checked your emotional intelligence lately? The emotional side of the business work environment deals with everyday employees, leadership, management, and self-help. When we react emotionally, the fallout, if left unchecked, can manifest itself in angry outbursts, depression, and low resilience to getting sick. The level of emotional intelligence in leadership drives decisions. Scary? It could be!

Quick Guide to Business Valuation Methods

Quick Guide to Business Valuation Methods

When business valuation professionals use the net asset method to value a business they are looking at assets and liabilities to determine the value of a business. The asset method takes the actual assets minus the liabilities of a business and uses them to determine a fair value for a business. The trouble with this method is that assets do not always equal value. For instance, if your company possesses significant intellectual property, these properties may not be completely included in the balance sheet assets. Another reason is the accelerated depreciation methods may be used on the asset value which lowers the real market value of the asset. These examples are why business owners should have issues with business valuation methods that focus only on net assets and nothing else when determining the market value for a company.

The First Plateau of the Economic Recovery

The First Plateau of the Economic Recovery

Economy reaches the first plateau of recovery by: Joe Galvin Joe Galvin is the Chief Research Officer for Vistage Worldwide. In his article Economy reaches the first plateau of recovery, Joe asks the question:
To what degree have your revenues been impacted by coronavirus?
Before you answer the question, first check out the The July Vistage CEO Confidence Index survey, with 1334 CEO’s showing Optimism continuing to improve. Now ask yourself the above question.

4 ways CEO leadership is changing

4 ways CEO leadership is changing

Will the changes and expectations you set today change over time? McKinsey’s analysis shows that CEOs are shifting toward each of the four above mentioned areas. As soon as the pandemic period passes, “CEOs will be the ones to decide whether these methods are short-term or will remain a permanent part of their approach to leadership”.

Three Things to Focus On Before You Put Your Business Up For Sale

Three Things to Focus On Before You Put Your Business Up For Sale

Just as is the case for personal debt, business debt is frowned upon when it comes to selling a business. Potential buyers have to keep the liabilities of the company in question when deciding how much to offer. If you can pay down your business debt as much as possible, this can obviously make your business much more attractive to potential buyers. Financial business valuation services companies will advise you to pay down as much debt as possible before putting your business on the market. This will help to make your balance sheet look much more attractive to buyers.

Improving Memory Power | A 3-Step Technique

Improving Memory Power | A 3-Step Technique

Do you need to build a better memory and enhance recall? Bornstein addresses the impact of feeling overwhelmed. Gathering information processing and retaining that information is difficult when you have too much going on inside your mind. Organizing your thoughts, and giving them space in your mind helps you learn deep and fast to achieve the recall you need to be successful.

Business Valuation Services Get You More Money for Your Business

Business Valuation Services Get You More Money for Your Business

Can Business Valuation Services Can Get You More Money for Your Business? The primary role of financial business valuation services companies is to find out the actual value of your company. This number can often be very difficult to come up with and can also be difficult for some business owners to cope with during this process. The true value is not what the business owner thinks that his or her business is worth, it is what someone will actually pay to buy the business in question. This is sometimes difficult for business owners to accept, but it is a very important concept during the sale of a business.

Secrets to Succeeding Under Pressure

Secrets to Succeeding Under Pressure

Been feeling the pressure of the times? Deadlines got you down? Getting businesses up and running smoothly again has had many business owners feeling the stress from too much pressure. It is time for change! In the article 8 Leaders Share Their Secrets to Succeeding Under Pressure written by Young Entrepreneur Council @YEC, they give some thoughtful and common sense advice. “If you don’t want to spend the rest of your career fighting fires, take time to prevent them from happening in the future”

Simple Ideas to Improve the Value of Your Business

Simple Ideas to Improve the Value of Your Business

One of the most important small business valuation ideas is to build a company that provides a service not provided by anyone else. If your company can separate itself from others in the marketplace, this is an instant way to increase your value to potential suitors.
If your company can pay down debt, show strong recurring revenue streams and gain a competitive advantage in the marketplace, you are sure to increase the chances that other firms will take notice of your company and potentially look to acquire it through a merger or acquisition.

Improve Productivity Through Delegation

Improve Productivity Through Delegation

The use of effective delegation can increase your productivity MANY times over. An exercise I conduct with executives, directors, and managers is a fifteen minutes analysis of their time. For one week, track your activities in 15-minute increments. It may seem tedious but the reward can be great. Most analyses reveal 20%-40% of their time available for delegation. An executive should focus on the key strategic and operational tasks that are prime for their skill set.

The Upside to Failure

The Upside to Failure

Are mistakes making you better at what you do in the long run?
This week we take a look at “the surprising benefits of striking out, and how to make the most of your mistakes”. Take 5: The Upside of Failure by writer Jake J. Smith, a research editor at Kellogg Insight. Kouchaki lists 5 topics to help direct the reader’s attention to what is possible when one reflects on ones habits, past mistakes, and even our ability to deal with focus groups. He highlights the researchers respective experiences in theirs fields when dealing with competition, ambition, selective memory, and unethical actions.

Are We Prepared? What have we Learned from Covid-19?

Are We Prepared? What have we Learned from Covid-19?

Our economic structure is fragile and can come falling down much easier that we expected. If our truckers could not drive our essential food supplies would disappear from the grocery store shelves in 2-5 days. This was witnessed when the Covid-19 lockdown first started. Start with a goal of obtaining a week supply of each of the above as a monthly goal. Then in a year each family would have a three month supply that would allow a family to live if we had a total lock down for a three month quarantine.

Good decisions don’t have to be slow ones

Good decisions don’t have to be slow ones

This weeks Tip of the Week comes from Iskandar Aminov, Aaron De Smet, and Dan Lovallo . They discuss their survey of more than 1,200 respondents that “challenges assumptions about decision making. The authors, and contributors look at winning organizations and list some of their most likely traits, including : -Making decisions at the right time
-Focus relentlessly on enterprise – level value-Get commitment from the relevant stakeholders.
“With the right mix of processes and practices, decision makers can involve the right people”

10 Rules for meaningful meetings

10 Rules for meaningful meetings

Could you use some help with getting your meetings organized? If you feel comfortable with experimenting and redefining your meetings, this will be a good read. Keith brings to light suggestions for avoiding drifts and keeping things on track. Incorporating technology is a must. Just look around at the number of people working at home today – versus 3 months ago. Now is the time to be planning and strategizing, and working toward when the economy comes fully back on line.