A question asked by private company owner/operators – perhaps when they’re asking advice from someone they trust, their banker, lawyer, CPA, or their sister-in-law. It’s not that they don’t think they need advice – OK, for some of them that’s true – it’s just that...
An area of manufacturing that has seen dramatic ups and downs over the past few years is aerospace. Commercial aircraft orders fell during the pandemic as people stopped traveling. Then everything opened up again and people started traveling even more than before the...
I have written before about my concerns about AI, ChatGPT and the like, and even used it to write one of my posts (with full disclosure, of course). Today’s post goes into more depth about the potential risks from AI, not just from a security standpoint but...
One of the ways I try to make a difference in the world of business is by serving on boards of directors, both fiduciary and advisory, for privately owned companies and nonprofits. A year or so ago I raised the issue of cybersecurity for one of our larger...
I was off last week attending a great tennis tournament in Indian Wells, CA. So, no blog last week. But while I was there, I met an interesting fellow who had built a profitable business over nearly 40 years and was thinking about selling it and retiring (whatever...
“Cash management is a critical function for any business, involving managing cash flow to meet financial obligations, invest in growth, and succeed in the long-term. Effective cash management is vital to maintaining financial stability and avoiding cash flow problems...
