Key considerations before exiting your business
November 8, 2023
The best time to begin planning for the transition of your business was when it’s founded, but the second-best time is now.
November 8, 2023
The best time to begin planning for the transition of your business was when it’s founded, but the second-best time is now.
March 3, 2023
The limited liability protections that corporations, limited liability companies and other business entities afford their owners is one of the driving engines of our entrepreneurial economy. As long as the owners mind certain formalities and steer clear of fraudulent conduct, the limited liability feature of these business entities will protect the owners from any personal liability with respect to their business activities. It goes without saying, that this dynamic by itself allows entrepreneurs to take risks they otherwise might not take.
March 3, 2023
When cybercriminals steal your identity, getting things back in your control can feel like an overwhelming task — but taking these steps can minimize the damage and keep yourself safer.
August 5, 2022
I last wrote an article for the Goering newsletter in February 2020, before the world came to a crashing halt. The article outlined potential New Year’s resolutions for all business owners and leaders as they led their respective organizations into a new year. After all, if these stewards of their businesses weren’t making time for introspection and “white space” to think strategically with the long view in mind, who was? I focused on the key issues of (1) reviewing and updating business succession/exit strategy planning; and (2) thoughtfully evaluating whether one’s current outside advisors could still advise and provide the necessary resources to take the business to the next level of sustainable growth.
August 5, 2022
Sweepstakes and contests are effective marketing tools that are used by businesses to promote new products, engage customers, and increase sales. Promotions of this nature have become increasingly popular due to the rise of social media. Sweepstakes and contests are often easier to implement, less expensive, and more effective at promoting a business’s products than methods used in a pre-social media age.
August 5, 2022
Reimagining how your employees experience your employee benefits can help you retain and attract employees. Much like how we experience other transactions, the Member Journey of your employees and their families is critical.
August 5, 2022
Every few years, organizations have an opportunity to press pause, reflect, and charter a new course. Strategic planning provides this opportunity. Best practices for strategic planning include assessing where your organization is today, aligning on a vision for the future, establishing key performance indicators to measure your success, and charting milestones to guide your actions.
December 9, 2022
Jim Bax has been named Program Director, and Nita White has been named Executive Administrative Assistant of the University of Cincinnati’s Goering Center for Family & Private Business. Jim and Nita succeed Lisa Bosse and Patty West who served together for seven years throughout a time of significant change.
December 5, 2022
When it comes to estate planning, there may be no time like the present. The opportunity to make significant and tax-efficient wealth transfer gifts is set to expire at the end of 2025.
December 5, 2022
As a Certified EOS Implementer and CPA, I work with leadership teams in companies of all sizes to improve their business operations, and that begins with a strong company culture. Think of your company culture in the same way you would think of your company’s personality. It’s the underlying current of energy that makes your business a fun, interesting, engaging, or, even occasionally, a not-so-great place to work. Company culture is built from many elements: mission, vision, strategic plan, career development, office culture, and company ethics, to name only a few.