For the first time in the history of the world, the U.S. and global workforce consists of five generations of talent; a dynamic that is challenging businesses to rethink how they engage and motivate a multigenerational team of employees. While it would be a mistake to...
As a business owner have you ever given any thought as to who will replace one of your senior staff if they were to resign today? It’s a hard question, and the truth is no one really knows when crisis, resignations or leaves of absence might strike. That’s why it’s...
We’ve said it time and again—the state of a company’s cash flow is among the most significant metrics that every CEO or business owner should track. That’s because cash flow “is a key indicator of the financial health of your business,” as Wells Fargo notes. “A...
Rick Arthur is a TAB Member in TAB Denver West. If you’ve never thought of your finance and accounting departments as profit centres, you are not alone. In my experience, most companies do not do a great job of planning for how their accounting functions will support...
It may not seem possible now, but the day will come when you no longer run your business (either as a CEO or business owner). Recognising this inevitability is the first step towards selecting and grooming a successor who holds the same passion for the business as...
Customer loyalty took quite a beating over the last couple of years. Throughout the course of the pandemic, businesses and their customers were often forced into an awkward dance of hurry-up-and-wait. And wait. And wait. Lockdowns, supply chain issues, and employee...
There are many principles for running a strong, thriving business. Key among these guidelines is this: What can be measured should be measured. The data compiled for key business metrics can, as we have said before, “say a lot about what you’re doing right and where...
We’ve said it time and again—the state of a company’s cash flow is among the most significant metrics that every CEO or business owner should track. That’s because cash flow “is a key indicator of the financial health of your business,” as Wells Fargo notes. “A...
The global pandemic has prompted a wide range of businesses to pivot and repurpose their products and services in new ways. Changing market conditions often mandate that businesses evolve (whether they want to or not), so having a strategy in place to pivot when...
Is my crystal ball any better than the next person? Who knows what the "PROBABLE" future is, but we know that many irreversible trends have accelerated in the pandemic and we see these trends among our TAB members. Take pubs for instance. In Ireland, approximately...
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