http://www.primestrategiesblog.com Articles, Tips, News for entrepreneurs, partnerships and family businesses Mon, 12 Jul 2010 20:11:03 +0000 http://backend.userland.com/rss092 en I recently was presented with a situation where a business owner had hired her father in the position of CFO. At the time the father had just retired from another business and had the skill set that was needed in the daughter's business. The fact that there had been a ... http://www.primestrategiesblog.com/2010/07/a-parent-in-the-business/ My husband, Marty, is an excellent cook. He does most of the cooking of our evening meals.  I usually handle breakfast and lunch when we're here together. Last weekend he made lobster rolls. OMG, the way he made the lobster salad was so delicious. It's certainly the best I'd ever ... http://www.primestrategiesblog.com/2010/06/worlds-best-lobster-salad/ The husband and wife partnership I started working with a few weeks ago has progressed nicely. Last week there was a complaint from the wife (aka Jane) that she needed access to 'resources under the husband's (aka Joe's) control and Joe had not been willing to agree. Their homework assignment ... http://www.primestrategiesblog.com/2010/06/partner-communications-session-2/ I recently started working with a husband and wife partnership running a company of 40 employees and $20M in revenue. They came to me because they seemed to butt heads whenever they had a decision to make. Each had strong feelings about how things should be done and frequently found ... http://www.primestrategiesblog.com/2010/05/husband-and-wife-business-partner-challenges/ Does your business function like a family business even though it’s not? In his Business Journal article,  James Lea says that some small businesses share similar characteristics to that of a family run business. “For example, both the nonfamily family business and the true family business may rely on informal, unstructured ... http://www.primestrategiesblog.com/2010/05/does-your-business-function-like-a-family-business/ Two or three years ago you could create a marketing campaign, send out a series of e-mails and expect a reasonable response rate. Things have changed. We've hit information overload and we just don't have time to read and respond to everything we'd like. Information overload has become a chronic problem, ... http://www.primestrategiesblog.com/2010/05/information-overload-how-to-cut-through-the-clutter/ Today's Daily News stated that companies with 20 or fewer employees have been growing at a steady, if modest, pace this year. Small business employment has grown 4%, while employee compensation increased slightly, by half a percentage point. The growth in employment has been trending upward since June 2009, and businesses have ... http://www.primestrategiesblog.com/2010/05/ny-daily-news-small-business-report/ Wikipedia defines strategy as "A long term plan of action designed to achieve a particular goal, most often "winning." Strategy is differentiated from tactics or immediate actions with resources at hand by its nature of being extensively premeditated, and often practically rehearsed. Strategies are used to make the problem easier ... http://www.primestrategiesblog.com/2010/04/what-is-a-strategy/ In a recent interview I was asked what I thought was a common thread for all my clients. Without thinking, I answered, "They're ready and willing to ask for help". I knew it was true before, but I hadn't put it into words. Understanding and acknowledging this I can ... http://www.primestrategiesblog.com/2010/04/ask-for-help/ Over 400 attendees FILLED the Digital Sandbox in NYC at the fifth annual Small Business Summit 2010, on Tuesday, March 16th, to meet and network with other small business owners, learn about the latest hot technology for small business and hear from those who have been successful in creating "strategies ... http://www.primestrategiesblog.com/2010/03/small-business-summit-follow-up/