SBO Advocates

Phill

A Growing Trend; Women Entrepreneurs

The business landscape is continually changing—technological advances, corporate downsizing, restructuring, and telecommuting have reshaped the marketplace.­ Although these improvements and modifications have a great impact on our working environment, perhaps the most notable trend has been the rapid growth in the number of women-owned businesses. According to the Center for Women’s Business Research (2012), three …

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First, Break All the Rules—What the World’s Greatest Managers Do Differently

After over a million employee interviews and testing hundreds of questions, Buckingham and Coffman found 12 questions that can be used in employee surveys to predict whether a department or an entire company is realizing its potential with regard to productivity, profit, retention, and customer service. Those questions, as posed in the book, are: Do …

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A Buy-Sell Agreement for Business Succession

One of the key components of a business succession plan is a carefully crafted buy-sell agreement. A buy-sell agreement is a contract designed to facilitate the transition of the business should the owner die unexpectedly or sustain a disability. Its primary functions include the following: 1.    Creating a market for a deceased owner’s business interest. …

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