Why we need to think like scientists: Business strategy

Why we need to think like scientists: Business strategy

Business strategy: Why we need to think like scientists he notes that In the formation of strategy, CEOs should think like scientists”!

We all understand that we need to use data to make informed decisions. Emmer lists 8 data points and methods for evaluating those decision-making processes. He briefly describes the 8 data points and what those points might mean for your business

read more
Strategy for CEOs – Diversity gains importance

Strategy for CEOs – Diversity gains importance

This week’s article Diversity gains importance as a strategy for CEOs, comes from Joe Galvin. Joe is the Chief Research Officer for Vistage Worldwide. In his article, he discusses the importance of Diversity and Inclusion (D & I), and how to use that as a recruiting strategy for your business.
Joe suggests looking over your strategic plans and re-evaluating your goals or objectives when it comes to diversity and inclusion.

read more
How to Calculate Cost of Capital

How to Calculate Cost of Capital

You may need to show your current cost of capital if you are trying to elicit investments for your company. This is to say that your lenders will want to know your financial standing in order to estimate if the cost to them is even remotely worth the risk.

There are several specific business models that can be used, but for business valuations, the cost of capital is the RISK associated with any investments or valuation related to the business. The HIGHER the cost of capital the larger the risk and the lower will be the present value of the business.

read more
Transiting from CEO to Retirement

Transiting from CEO to Retirement

Some CEOs take to retirement much easier than others. Being a CEO has its many perks, and stepping down into retirement means walking away from a lot – if not all of those perks. Retirement is something best eased into carefully. You want to avoid sliding into the home plate, skinning your knees and elbows, and having the umpire call you “OUT”. Allowing yourself time to transition into this new phase of life requires thoughtful planning and preparation. It’s a good idea to plan your exit strategy with your transition team well ahead of time.

read more
Flaws and Errors in the Rules of Thumb Cost of Capital

Flaws and Errors in the Rules of Thumb Cost of Capital

When using rules of thumb to figure the cost of capital, you have to know that there are certain flaws and errors in rules of thumb that can cost an owner or valuation user large losses and errors. Rules of Thumb formulas are estimations and do not take into account the specific company situations or the specific market conditions. Every investment or cost of capital need must consider all of the risk elements. These include 1) the Risk-Free rate, 2) Equity vs. Debt rate, 3) Size rate, 4) Industry rate, and 5) Specific Company rate. Economic conditions may also need to be considered. If you only work with Rules of Thumb then all of the specific conditions will not be considered and large errors can occur.

read more
Post-pandemic reality – Fiscal Health – Strategic financial insights

Post-pandemic reality – Fiscal Health – Strategic financial insights

This week’s TIP OF WEEK comes from Mary Ellen Sheehy. In her article Fiscal Health: Strategic financial insights for the post-pandemic reality Mary Ellen Sheehy, Senior Vice President of Member Programs and Alliances of Vistage, had this to say about the Fiscal Health Conference held this year. Fiscal Health challenged Vistage members to “Stop protecting the past, and start inventing the future. (And do it faster than the competition.)”
“Stop protecting the past, and start inventing the future (And do it faster than the competition)”

read more
The Key To Getting Your Message Heard Is Listening

The Key To Getting Your Message Heard Is Listening

Do you have those days when it feels like others only listen until they hear a break in the conversation – where they can jump in and start talking? Did they really hear what you said, or did they have something already pre-prepared to turn the conversation in another direction? In a meeting do others attempt to twist your words by inserting something that isn’t even on track with what you were attempting to say? Happens more than you know. Some only hear their own thoughts already answering your question before you’ve had the chance to get your message fully across.jump in and start talking? Did they really hear what you said, or did they have something already pre-prepared to turn the conversation in another direction?

read more
How Valuation Services Can Lower the Stress of Selling Your Business

How Valuation Services Can Lower the Stress of Selling Your Business

Before you even learn about the details of how valuation services can help you sell your business, consider the fact that having a professional business valuation is a sure sign to potential buyers that you are someone who is savvy enough to take your business seriously. Not only will this make them want to take more of an interest in your business, but it will also let them know that you are not someone to be taken lightly. Because of this, you are not likely to receive ridiculously low offers or even be approached by someone who is only looking to take advantage of novice business people. That is just the tip of the iceberg.

read more
Study Your Successes – To Become Your Best Self

Study Your Successes – To Become Your Best Self

This week’s tip of the week is a fun and positive read. To Become Your Best Self, Study Your Successes. By Laura Morgan Roberts a professor at the University of Virginia’s Darden School of Business. Emily D. Heaphy, an Assistant Professor of Management at the Isenberg School of Management at the University of Massachusetts Amherst, and Brianna Barker Caza an Associate Professor of Management in the Bryan School of Business and Economics at the University of North Carolina at Greensboro. In their article, Robert’s, Heaphy, and Caza present ways to help others look for positive situations or events describing moments when they were at their best.

read more
Changed forever – Decision Making

Changed forever – Decision Making

What decision-making trends are you following? What works for you?
This week’s TIP of the WEEK comes from Marc Emmer is President of Optimize Inc., and a frequent contributor to the Vistage Research Center, Forbes, and Inc.com. In his article How decision making has changed forever, he goes over the evolving methodology of distributed work. Be that working from home part-time, quarter time, coming into a hot-spot desk periodically or working with a team on challenging tasks. Depending on which distributed work environment you select, know that it requires strategy by senior management.

read more
Quick Basics of Corporate Valuation Services

Quick Basics of Corporate Valuation Services

Corporate valuation services are completely different than valuation services for homes and other material possessions. In fact, they are even different from the services offered to sole proprietors. There is a very good reason for this difference. For one thing, compared to sole proprietors, corporations are much more complicated than those owned and managed by sole proprietors.

read more
Every Entrepreneur Will Face Challenges 14-Ways To Tackle

Every Entrepreneur Will Face Challenges 14-Ways To Tackle

n their article 14 Ways To Tackle Challenges, Every Entrepreneur Will Face the council discusses methods one can use to avoid some of the major pitfalls and challenges often overlooked by new entrepreneurs. You also need to feel good about what you are doing. They talk about that as well.
Feeling good about what you’re doing and having a practical execution strategy that makes sense will help minimize and in most cases eliminate doubt altogether. – Jamelle Lindo, PARADIGM People Development

read more
Cultivate innovation in 2021 and 6 key principles for CEOs

Cultivate innovation in 2021 and 6 key principles for CEOs

Reese notes that employees need to remain curious while working together toward the same goals and using the same strategies to avoid pitfalls. Collaboration within the team and with the customer is important at all levels to come up with the right solutions at the right time. Good point made by Sam ” In many companies, the informal water cooler talks now no longer happen due to the pandemic. So CEOs have become more deliberate about dedicating time to innovation.”

read more
How valuation services can help you sell your business

How valuation services can help you sell your business

Do you have furnishings? Do you own the building the business is in? Is your business located in a great business area? What about your records, customer base, and other assets? There is often more value in a business than simply the profit and loss statement. When you want to know how much your business is truly worth a business valuation can help you quantify all parts of a company’s value. Once you know the value of your business you can list it with a reasonable asking price that will meet your profit needs as well as offer buyers a fully informed sales packet. Do not be surprised if potential buyers are interested in an independent valuation service as well as the valuation report you provide.

read more
Rebalancing and the need for mergers and acquisitions

Rebalancing and the need for mergers and acquisitions

Do you have a rebalancing plan to help get your business moving forward as our economy starts to open back up? Is a merger or acquisition in your future?

As business strategists, we have borne witness to clients who sold too early and others who sold too late ~Marc EmmerThis week’s TIP OF WEEK comes from Marc Emmer. Marc is President of Optimize Inc., a management consulting firm specializing in strategic planning. Emmer is a sixteen-year Vistage member and a Vistage speaker.
Marc touches on a number of key points that are both current and relevant to what many business owners should be considering.

read more
Keep teams focused and positive 5 ways for CEOs

Keep teams focused and positive 5 ways for CEOs

As the CEO are you building and sustaining relationships?

This week’s TIP of the week comes from Vistage speaker Jay Forte, a certified CEO/leadership/family coach, author, and nationally-ranked thought leader. In his article, 5 ways CEOs can keep teams focused and positive he discusses how executive coaches work with CEOs to assist them with effectively expanding their self-awareness of their strengths. At the same time making sure their employees are focused and engaged by improving relationships with them. Helping them take ownership of their work and committing to develop self-awareness leading to better decision making.

read more
Different Types of asset valuation services

Different Types of asset valuation services

In order to evaluate fluid assets, you must have a professional who specializes in this area. Sure, you can look at your balance sheet and your tax return to see what your business has spent and earned, but how many of those expenditures actually add to the value of your business as assets? To find the current and accurate worth of your business assets it is important that you find a professional asset valuation service. Whether you need to know the value of your business to sell it, for budgeting and accounting practices, for taxes, or for an initial public offering, a professional valuation is important. A valuation can also be used for audits and financial investigations as well as tax benefits.

read more
Self-management, self-awareness, and why it matters to you

Self-management, self-awareness, and why it matters to you

In her article, How to Move from Self Awareness to Self Improvement, Jennifer Porter points out a number of key behaviors. Behaviors that don’t come easy to you, but that might generate a better outcome. Each of us must make a conscious choice and own up to the consequences of our actions. We have to make some self-management choices when we respond to others and try to avoid those negative habits that tend to upset others and leave hard feelings.

read more
3 strategies to get out of a comfort coma

3 strategies to get out of a comfort coma

Vistage Chair Janet Walker helps CEOs and business owners become the leaders their employees deserve. She’s built a career in human-capital teaching, training, and founding her own consultancy. In 3 strategies to get out of a comfort coma, Janet asks the reader boldly, who are you as a leader? Nothing can grow beyond your own ability. Are you the leader your employees deserve?

read more
Why Business Valuation Services are Important

Why Business Valuation Services are Important

As a seller of a business, you will want a valuation to determine your asking price and to show to potential buyers. Do not become irritated or offended if the buyer prefers to have his own independent valuation done as well. This is simply good business sense, in fact, if you have a potential buyer who does not have questions about the value of the business and who takes your list price and provided information at face value then you are likely dealing with a novice business person. Remember knowledge is power, so the more information you provide and the more information the purchaser collects the better the sale will go.

read more
Trends facing business in 2021 and beyond

Trends facing business in 2021 and beyond

Vistage facilitates confidential peer advisory groups for CEOs and other senior leaders, focusing on solving challenges, accelerating growth, and improving business performance. Vistage member companies grow 2.2x faster. How do you prepare your business for the next trend? Learn about key trends and develop your 2021 plans for your business, from this four-piece series, from The Vistage Staff. Trends facing business in 2021 and beyond

read more