When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to … [Read more...]
5 ways to dance through digital disruption
You’ve probably heard the term and wondered whether it could happen to your company. Maybe it already has. We’re referring to “digital disruption” — when new technologies and business models affect the value proposition of existing goods and … [Read more...]
Catch on to the benefits of a formal onboarding process
Years ago, “onboarding” a new employee meant a quick tour of the workplace, brief introductions to a few co-workers and a stack of forms to fill out. But, today, many employers are catching on to the benefits of a well-planned and fully featured … [Read more...]
Critical connection: How costs impact pricing
As we head toward year end, your company may be reviewing its business strategy for 2017 or devising plans for 2018. As you do so, be sure to give some attention to the prices you’re asking for your existing products and services, as well as those … [Read more...]
3 hot spots to look for your successor
Picking someone to lead your company after you step down is probably among the hardest aspects of retiring (or otherwise moving on). Sure, there are some business owners who have a ready-made successor waiting in the wings at a moment’s notice. But … [Read more...]
Recent Changes to LLCs in Pennsylvania
Pennsylvania made important changes to its LLC law effective in 2017. John H. Prorok, partner with Maiello, Brungo & Maiello, LLP, explains the key provisions. Effective dates On February 21, 2017, Act 2016-170 (15 Pa. C.S. § 8811 et seq.) went … [Read more...]