DATE ARCHIVES : 2011

Priorities For Technology Due Diligence

There is limited time and access during M&A due diligence. Knowing this, it is critical to focus on the high priority areas with the largest affect on risk.

merger and acquisition IT due diligence

As we discussed in our previous article, “Due Diligence for Mergers and Acquisitions – Why include IT“, technology due diligence is a critical part to evaluating a merger or acquisition. The less time spent the higher probability of extended integration or other issues. We now discuss which parts of IT due diligence to prioritize in order to minimize risk.

People

  • If the organization you are acquiring has proprietary technology, evaluating the personnel is critical as they support the technology.
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5 Things You Didn’t Know Your Small Business Needs

5 things you didn't know your business needed

You feel good about the business you’ve built. You’ve got the funding; you’ve got the business plan. You’ve got everything you need to run a successful company”¦or do you?   We’ve compiled a list of the top five things you didn’t know your company needed to help make sure you do.

A website

You would think in 2011 this would be common knowledge but 46 percent of small businesses don’t have a website, according to Entrprenuer.com, so it needs to be mentioned.   So, what are they waiting for? If you want to be successful, you need to be online.

An online presence

What good is your website if no one knows where it is?…

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Can a Small Business CEO Have a Vocational Degree?

I am a recent graduate of a four year University, and I will say it wasn’t exactly National Lampoon’s Animal House like I expected. Sure I went to my share of parties and football games, but I also sat in a lecture hall Monday, Tuesday, Wednesday, Thursday, and oh yes, Friday.

can a ceo have a vocational degree

When I first went to college I had absolutely no idea what I wanted to do – my major started undecided, changed to marketing, changed to PR, changed to journalism, and finally landed on English education. For me, a four year University was exactly what I needed to get my thoughts together, and the career path I ultimately choose required a four year degree.…

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Due Diligence for Mergers and Acquisitions – Why Include IT?

include IT in merger due diligenceAs we start to see mergers and acquisitions activity ramp up, we shift focus to the value of technology due diligence.

What do you review during due diligence? You probably look at financials, customer lists, markets and existing executives. You may even review operations, eyeing potential efficiencies, such as those gained by integrating departments like HR, accounting and IT.

Randy Myers, CFO Magazine, states “For CFO’s, valuing the synergies to be realized by eliminating overlapping or redundant systems and operations is a fundamental aspect of M&A due diligence.” But how often do you review the technology area itself?

Not planning ahead can be painful.…

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Leadership Assessments – Do 360 Degree Feedbacks Work?

Does 360 ° feedback really work? Some organizations decide not to use this process as a leadership assessment, while others support it. I am a fan, and I’ll share tips in this article that will help to increase the effectiveness of 360 ° feedback for you.

First of all, for those who do not know what 360 ° feedback is; it is a leadership assessment that provides feedback about a leader’s behaviors. It is one of many types of assessments that can be used to increase leadership effectiveness.

What’s different about the 360 ° feedback process is that it gathers input from people who work for, above, and side-by-side with the leader (hence, the name 360 ° feedback).…

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Is Your Social Media Campaign Falling on Deaf Ears?

As with any campaign your business runs, how it is received by customers goes a long way in determining whether or not it will be successful.

In the event you’ve orchestrated a social media campaign and it has fallen on deaf ears for the most part, there is a reason to focus in on as to why that’s the case.

is your social media efforts falling on deaf ears

Presumably, your company’s reasoning for using social media in the first place is more than likely at fault. Before you dump the social media campaign, ask yourself:

  • What was our goal with social media in the first place?
  • Did we put 100 percent behind the plan or was it a half-hearted effort?
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How To Host An Event That Sells Your Company

Conferences can be extremely good business and hosting an attractive event with the right speakers can ensure a full house of people who are eager to part with their cash in order to hear the wisdom that is on offer.

promoting your company at a conference

While conferences can be a good money spinner on their own, it is important not to overlook the promotional possibilities that are on offer when you are hosting a conference, as the chance to have a room full of people who will have an interest in your products or services can be too good to turn down.

Of course, you don’t want to turn your event into one giant sales pitch, so how do you tread the line between offering delegates a fulfilling and worthwhile event and trying to promote your company?…

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How To Pick The Right Office Furniture And Why It Really Matters

choosing the right office furnitureAs a small business CEO, there is a ton to think about – finances, hiring, marketing, social media, branding, partnerships. As someone who gives advice to small business owners and entrepreneurs, I know just how much advice is out there when it comes to best practices and business plans.

However, as someone who also works in an office 40 hours a week, I also know that there is one subject that is not quite as discussed, but just as important – office furniture.

Many new CEO’s find themselves hard-pressed for time just before the opening of a new business, so office furniture is put by the wayside.…

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Leadership Styles – Be An Empowering Leader

“I am the type of manager who is most comfortable giving direction to my team members. I am very good in my field, and I believe that my knowledge has gotten me promoted to management positions. Therefore, I need to keep directing them since I’m the expert and highest in authority. But lately, I’m hearing more and more about empowerment to create engagement. What is it and how do I do it?”

how to be an empowering leader

This thought process is a common one for many of today’s managers. We simply do not know how to empower others. To empower is to give over power and authority to someone else; to enable others.…

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