Mon.Feb 28, 2022

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10 Proactive Tips For a First-Time Business Seller 

Viking Mergers

Selling a business is a complex process. There’s far more to it than most business owners realize. These ten proactive tips will help a first-time seller prepare to sell their business for the highest value. . 1. Use a Professional Advisor . A professional, experienced and qualified sell-side advisor will provide an accurate assessment and valuation of the business, market it effectively, solicit offers, qualify buyers, protect confidentiality, assist in negotiations and facilitate the closing

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The rebirth of workspace design: An interview with Gensler co-CEO Diane Hoskins

Mckinsey and Company

As offices consider how to reopen after two years of disruption from COVID-19, Hoskins sees an opportunity to create better, more human-centric workspaces.

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Why You Should Keep Personal & Business Expenses Separate

Viking Mergers

Running personal expenses through your business may not seem like a big deal, but this practice can cause problems you may not have considered. Here are a few reasons why you should keep your personal and business expenses separate. 3 Important Reasons to Stop Running Personal Expenses Through Your Business. 1. Rules are rules, and you may be audited.

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What is IRS Form 941?

ThomsonReuters

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. What is the IRS Form 941? On January 1, 1950, a new plan took effect to collect taxes due under the Federal Insurance Contributions Act (FICA) and under the federal income tax withholding provisions of the Internal Revenue Code (IRC).

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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3 Year Strategic Plan Example: A 3 Year Plan for Growth

Rhythm Systems

Many companies I work with have an Annual Plan and some foundational strategic elements, like Core Values, Core Purpose and Mission/Vision/ BHAG ( Big Hairy Audacious Goal. ). However, these companies often don’t take time to define goals on the 3 year time horizon. This is an important step, because these 3 year strategic plans form your base camps on the way to achieving your longer-term strategy.

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Why Should I Sell My Company?

Benchmark Report

As the owner of a business, you face a slew of tough decisions nearly every day. One question you may have asked yourself is whether you should sell your company. Several factors can influence your decision to sell, some of which you may not have even thought about. Here you will find a comprehensive list of possible reasons to help you decide if and when selling your business is right for you.

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How CEO Alain Bejjani, an emerging-markets leader, models resilience

Mckinsey and Company

To manage through the pandemic, the CEO of Dubai-based Majid Al Futtaim has leaned on servant leadership, multistakeholder engagement, and his long-term goals.

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KPI vs Target: How Use KPI Targets Effectively

Rhythm Systems

I really enjoy learning during client interactions. When I’m working onsite in planning sessions, coaching executives 1-to-1 , or working with teams virtually through Zoom web conferencing, I am often learning as much as helping. Working hand-in hand with smart people and fielding their questions give me the opportunity to guide participants while expanding my knowledge, understanding, and ability to communicate.

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Financial institutions and nonfinancial risk: How corporates build resilience

Mckinsey and Company

As nonfinancial companies move from enterprise risk management to a resilience-based approach, their experience in nonfinancial risk can provide a model for banks.

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Core Customer Value: 3 Steps to Identify and Define Your Core Customers

Rhythm Systems

Philip Kotler implores us to do a better job of understanding “who” our valuable customers are and then to deeply please them, rather than trying to please everyone. It is much better to serve your Core Customer completely and fully, than to try to be everything to everyone. It will create a core market that you can please and creates a loyal fan base.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Why You Need to Assess the Risk of Russian Sanctions on Your Institution

N Contracts

The U.S. government has introduced sanctions against Russian banks, companies, oligarchs, and its elite in retaliation for its invasion of the Ukraine. That may seem a world away for financial institutions focused on their local communities, but the potential impact shouldn’t be ignored. Sanctions like these are part of the ever-evolving risk environment that banks, credit unions, mortgage companies, and fintechs operate in.

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Can Your Business Afford to Keep Employees Working Remotely?

BV Specialists

If ever there was a light at the end of the COVID tunnel, it may be at its brightest today, however, the topic of broad-based remote employees becoming a permanent way of life has been discussed for a while now. Do you find your business in the middle of this challenging issue or is your company fully reliant on in-person employment to operate. Businesses involved in markets such as manufacturing, packaging, and logistics will always need certain employees on the “factory floor”, while service p

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Team Huddle: How to Lead Impactful Huddle Meetings

Rhythm Systems

The foundation of a successful Daily Huddle Meeting, Team. Huddle Meeting or. Weekly Meeting. is a great facilitator to keep the weekly team huddle on track for an effective and productive huddle meeting for all. Give the Team Huddle Meaning: Be dedicated. The qualities of a good facilitator should be taken into account when choosing the leader of the meeting, not just the person with the loftiest title.

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Is the Future of Internal Auditing as a Gardener?

Norman Marks

Dr. Rainer Lenz is more than a CAE and long-time practitioner. He also teaches corporate governance and auditing, and has been an independent board member and a finance executive. Rainer was recognized by Richard Chambers as one of the top ten internal audit thought influencers. He has been talking about the value of internal auditing […].

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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AMA: Rosie Higgins, co-founder of Grapevine

Vested

Mark Zuckerberg isn't the only one embracing 3D virtual worlds! Software developer Rosie Higgins is the co-founder of Grapevine , a 3D virtual environment where friends and co-workers can connect.

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Power SWOT: Harness the Power of a 2022 SWOT Analysis!

Rhythm Systems

A common tool used in planning sessions is the SWOT analysis. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. The tool was developed by Albert Humphrey of the Stanford Research Institute in the 1960’s. Although we typically use this tool for strategic planning purposes, it can also be used to evaluate a person, product, market, industry or business opportunity.

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Platform, Evolved

Truelytics

February development efforts are more technical and behind-the-scenes. So if you're not interested in knowing the technical details of what we're doing, you can skip this update. For everyone else still reading this sentence, let's go!

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How To Increase The Value of Your Disaster Restoration Business

Midstreet Blog

When you go to sell your disaster restoration business, you deserve to get the most value for it. Your value will be determined by your earnings and the number of people interested in your business.

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Three Questions to Consider Before Undertaking a Capital Project

Auto Dealer Valuation Insights

From time to time in this blog, we take the opportunity to answer questions that have come up in prior client engagements for the benefit of our readers. What are the most important qualitative factors to consider when evaluating a proposed capital project? Net present value analysis, internal rate of return, and other quantitative analyses are important tools for evaluating capital projects.

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The Operating Agreement Controls, Unless Public Policy Says Otherwise

Farrel Fritz

Two principles often guide courts’ interpretation and enforcement of contracts. First, courts respect parties’ freedom of contract, mostly. So long as an agreement is not illegal or violative of a strong public policy, parties are free to create whatever deal they wish. Second, the plain language of a written agreement is the best evidence of what the parties intended their deal to be.

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Mobile Banking: Everything You Need to Know

Financial Analyst Insider

Mobile banking is carrying out a financial transaction using a mobile device. This can range from a bank sending a fraud alert to a user’s. The post Mobile Banking: Everything You Need to Know appeared first on Financial Analyst Insider.

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FCF Life Sciences Venture Capital Monitor – Europe 01/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 01/2022”. The Monitor is a monthly published overview of venture capital trends in the European Life. Read more. The post FCF Life Sciences Venture Capital Monitor – Europe 01/2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Zero-trust: An imperative in IoT/OT infrastructure

Avanade

IoT/OT devices are the weakest security links for an enterprise. Learn why zero trust is so essential.

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Taking a load off finance and accounting

Private Funds CFO

Riverstone alumni launch one-stop shop for overworked PE back offices.

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Bias in Automated Valuation Models

Appraisers Blog

The CFPB is reviewing bias in Automated Valuation Models (AVMs). The proposed rules are a joint effort by the Consumer Financial Protection Bureau, the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Federal Housing Finance Agency. These agencies are concerned AVMs may reflect bias in design and function.

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BHAG Examples for Setting your Big Hairy Audacious Goals

Rhythm Systems

I recently re-read the classic HBR article entitled " Building Your Company's Vision " by Jim Collins and Jerry Porras, and I was struck by the great examples they gave to illustrate different types of Big Hairy Audacious Goals (BHAGs). If you are asking yourself "What is a BHAG? " or struggling to come up with an audacious goal for the first time, these examples will help you get started as it is a powerful tool to align your company around a single mission statement.

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Effective Team Meetings in 2022: How to Run a Team Meeting

Rhythm Systems

Team meetings are a key component of any business. It’s important that the employees know and understand what’s going on with the company and what expectations they need to meet in order for the company to be successful. It is one of the best ways to create a culture of continuous improvement. Want to run a great meeting and save time each and every week?

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