Tag Archive for: Business

Running a business is like conducting an orchestra. Every section needs to play in harmony to create beautiful music. In the business world, your systems are the sheet music that keeps everything in sync. Whether you’re managing a small startup or a growing enterprise, having effective business systems can be the difference between hitting a high note and falling flat. Let’s explore how you can harness the power of business systems to boost your company’s success.

Streamline Your Operations for Peak Performance

Imagine trying to cook a gourmet meal without a recipe. You might eventually get there, but it would be chaotic time-consuming, and the results would be inconsistent. That’s what running a business without proper systems is like. By implementing well-designed business systems, you create a recipe for success that your team can always follow.

Start by identifying the core processes in your business. These might include customer service protocols, production workflows, or financial reporting procedures. Once you’ve pinpointed these key areas, clearly document each step. Use flowcharts, checklists, or step-by-step guides to make the information easily digestible. Remember, the goal is to make these processes so clear that anyone can step in and complete the task with minimal training.

With streamlined operations, you’ll notice a significant boost in productivity. Your team won’t waste time reinventing the wheel for every task. Instead, they’ll follow established procedures, allowing them to work faster and more efficiently. This newfound efficiency frees up time and mental energy, which your team can redirect toward innovation and growth initiatives, relieving the stress of constant rework and giving you more control over your business.

Build Consistency and Trust with Your Customers

In today’s competitive market, consistency is king. Customers expect the same high-quality experience every time they interact with your business. Whether they’re buying a product, seeking customer support, or engaging with your brand online, inconsistency can quickly erode trust and loyalty.

This is where your business systems shine. Standardizing your processes ensures that every customer interaction follows the exact blueprint for success. From how your team answers the phone to the steps involved in fulfilling an order, having clear systems guarantees a uniform experience.

Think about some of the most successful brands in the world. Whether you walk into a Starbucks in New York or Tokyo, you know exactly what to expect. This level of consistency doesn’t happen by chance – it’s the result of carefully designed and implemented business systems.

To build this kind of consistency in your own business, start by mapping out the customer journey. Identify every touchpoint where a customer interacts with your brand. Then, create standard operating procedures for each of these interactions. Train your team thoroughly on these procedures and regularly audit their performance to ensure adherence.

You’ll notice increased customer satisfaction and loyalty as you build consistency through your systems. Happy customers will likely become repeat buyers and brand advocates, fueling your business growth.

Adapt and Grow with Confidence

In the fast-paced world of business, change is the only constant. Market trends shift, new technologies emerge, and customer preferences evolve. Adapting to these changes without proper systems in place can feel like trying to turn a large ship with a small rudder – slow and cumbersome.

However, with robust business systems, you create a flexible framework to accommodate change while maintaining stability. Think of your systems as the strong roots of a tree. They provide a solid foundation, allowing your business to bend with the winds of change without breaking.

To build adaptable systems, focus on creating modular and scalable processes. Break down complex operations into smaller, manageable components. This approach allows you to update or replace individual system parts without overhauling everything.

Review and update your systems regularly to ensure they remain relevant and effective. Encourage feedback from your team members who use these systems daily. They often have valuable insights into what’s working well and what could be improved.

Maintaining adaptable systems allows your business to seize new opportunities quickly. Whether expanding into new markets, launching new products, or pivoting your business model, your systems provide the structure to implement changes smoothly and efficiently, giving you the reassurance that your business can weather any storm.

Take the Next Step to Unlock Your Business Potential

I can guide you through implementing these robust business systems and other strategies to help your company thrive. That’s why I offer a Business Breakthrough Session, a personalized consultation where we’ll dive deep into your current legal, insurance, financial, and tax systems and then identify any areas that need improvement. Together, we’ll ensure your business is primed for growth, giving you the freedom and success you’ve been striving for. 

Book a call to start your journey toward a more prosperous, systematic, and scalable business.  Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

It’s not just you; your internet speed is slower than it used to be. You can find out for sure by running an online speed test using your home’s internet and then comparing it to the advertised speed you’re paying for. There are many variables that can impact your download speed, so the difference of a few megabits-per-second is to be expected. If the speed test shows a large difference, however, there are a few things you can do to help bridge the gap and improve your home internet connection.

Things to Change to Improve Your Internet’s Speed

1. Move the Router

It may be tempting to place your router in a corner or behind a pillar, but doing this can actually hinder your internet speed. Walls, doors, cupboards, closets, and even empty space all contain mass that blocks the Wi-Fi signal from reaching your device, contributing to slower internet speeds. The first step to address this is to move closer to the router, but that’s not always possible with larger devices like televisions and desktop computers. Instead, try moving your router to a more open, centralized location, like the center-most room of your house.

2. Switch Wi-Fi Channels

Like old-school radio, Wi-Fi signals are organized into channels. If your neighbors are also using the same Wi-Fi channel, or even an adjacent channel, the resulting congestion can also slow down your internet speed. To change channels, go into your router’s settings or consult your owner’s manual. Then, select a new channel. Avoid choosing channels close to your original setting, which may still have overlap or interference from your neighbors. Experts often recommend channels 1, 6, or 11, which are non-overlapping channels.

3. Disconnect Unused Devices

These days, the average American household has about 21 separate devices connected to their Wi-Fi network. To reduce the burden on your bandwidth, disconnect any devices that you aren’t actively using. Smart appliances, gaming consoles, or tablets are a good place to start. To take it further, you can also prioritize certain activities over others if your router’s settings include Quality of Service toggling. Once this setting is enabled, you can choose which devices your router will connect to first, such as your video streaming device or your work computer.

4. Replace Router and Older Devices

With age, your router will begin to slow down and become obsolete as new innovations are brought to market. If you have been experiencing slow internet speeds or had your router for more than five years, it may be time for an upgrade. Similarly, your devices may be the culprits behind slow internet if they are too old to keep up with your new, state-of-the-art router.

5. Switch to Faster Internet

If you have exhausted all your options for speeding up your internet on your own, it may be an issue with your actual service. Contact your internet service provider to request a technician who may be more successful at pinpointing the exact cause of your slow internet connection. In cases where no issues can be found, you may have to upgrade to a higher tier or switch to a new ISP.

By: Katherine Robinson, a writer for Osmose

Vancouver, WA – The Building Industry Association of Clark County (BIA) hosted An Evening of Excellence at Royal Oaks Country Club presented by CFM Floors with a social hour sponsored by GRO. This annual event honored the exceptional craftsmanship, innovation, and leadership of BIA members in areas such as landscaping, design, construction, remodeling, and renovation.

The evening spotlighted the 2024 Building Excellence Awards as well as the Columbia Credit Union Tour of Homes Awards and the GRO Parade of Homes Awards recognizing BIA members who have set the benchmark for excellence in project management, design, and construction within the industry.

In the 46th annual GRO Parade of Homes, Cascade West Development was awarded Best in All in the Industry Awards. In the People’s Choice Awards, Cascade West won Best Architecture for their Eagle Crest project. Affinity Homes’ Belle Forme took home the awards for Best Kitchen, Best Primary Suite, and Best Interior Decorating while the Inglewood won Best Entertainment Room. Cascade West’s Eagle Crest project also won Best Floor Plan, Best Landscaping, Best Outdoor Living Area, and Best of Show.

In the Columbia Credit Union Tour of Homes, Taylor Morrison won the Most Livable Floor Plan Under $1M award, and Kingston Homes earned the Most Livable Floor Plan Over $1M award. Evergreen Homes NW and Glavin Homes won the Best Kitchen Under $1M and Best Kitchen Over $1M awards, respectively. Taylor Morrison was also recognized with Best of Show Under $1M, while Kingston Homes secured the Best of Show Over $1M. Summit Custom Homes swept the remodeling categories, winning Best Kitchen Remodel, Best Transformation Remodel, and Favorite Project Remodel. Cork & Bubbles won Best Pairing and Best Beverage in the iQ Credit Union Chef Hop & Vine Awards, with Heathen Brewing Feral Public House earning Best Presentation.

Urban NW Homes was honored in two categories: the NGBS Certified award for sustainable building practices and the Universal Design award for designs that accommodate all abilities. GRO received recognition for Residential Landscape and Design Under $100K and Residential Landscape and Design $100K-$200K, acknowledging their expertise in creating functional and aesthetically pleasing outdoor spaces. Additionally, A&E Design Lab was recognized for their interior design innovation with the Residential Interior Design award.

RG ProBuilders was recognized with the New Home Under $750K award, while Evergreen Homes NW took the New Home $750K-$1M award. Urban NW Homes secured the New Home $1M-$2M award, and Affinity Homes claimed the New Home $2M-$3M and New Home Over $3M awards for luxury home construction.

In the remodel category, Bridge City Contracting received the Residential Remodel Under $100K award, Mountainwood Homes won the Residential Remodel $100K-$399K category, and Design Doctors was awarded Residential Remodel $400K-$1M for their skill in complex remodel projects.

Homebuilders and construction companies from throughout Clark County attended the event to celebrate the achievements of the industry in 2024.

For more information regarding the Building Industry Association of Clark County or about BIA home shows email [email protected] or visit biaofclarkcounty.org.

The Building Industry Association (BIA) of Clark County is a nonprofit trade association representing the interests of all businesses involved with real estate, land development, homebuilding, and construction.

The Corporate Transparency Act, a significant law passed in 2021, is designed to combat financial crimes like money laundering and tax evasion. It requires many businesses to disclose information about their owners. While this may seem like an additional responsibility, it’s crucial to understand its impact on your business and take the necessary steps to comply. With the deadline approaching quickly, I’ll also show you how to get the necessary support to ensure your business is compliant, relieving you of any compliance-related stress. 

CTA Basics: What You Need to Know

The CTA is based on lawmakers’ concern about the role of shell companies in facilitating illicit activities. These shell companies are often used to disguise the actual ownership of assets, making it difficult for law enforcement to trace the money flow. Therefore, the core purpose of the CTA is to collect beneficial ownership information. You’ll need to provide details about the individuals who ultimately own or control your business. This includes names, dates of birth, addresses, and passport or government-issued ID numbers.

You’ll also need to provide information about your business, such as its legal name and address and the name and address of a company applicant (usually the person who formed the company). By requiring businesses to disclose their beneficial owners, the government aims to expose shadowy operations. This increased transparency is expected to deter criminals and make investigating and prosecuting financial crimes easier.

Moreover, while the CTA casts a wide net, it doesn’t impact every business. It targets corporations and limited liability companies (LLCs) that operate in the United States. However, the definition is broader than just these types of entities. Any business formed by filing paperwork with a state or tribal government is likely covered. That most likely means your business is subject to the law. One general exception is a business structured as a sole proprietorship or partnership. But it’s always a good idea to double-check to be sure. 

How to Comply With the CTA 

Now that you know the purpose of the CTA, how it works, and the impacts on your small business, let’s turn to compliance. To ensure your business is compliant with the CTA, you should take the following steps:

Determine if your business is subject to the law: Understand the specific requirements based on your business structure and formation date. As your Business Advisor, I can help. Book a call with me, and I’ll show you how to answer your questions.

Gather necessary information: As outlined above, collect the details about your business and its beneficial owners.

Choose a reporting method: Decide how you will submit the information to the Financial Crimes Enforcement Network (FinCEN), the government agency responsible for administering the law. This can be tricky, so don’t hesitate to contact me, and I’ll help you with it.

Maintain records: Keep accurate and up-to-date records of the information you provide. If you work with me, I’ll also support you with this. I’ll keep your information on file so it’s readily accessible if needed, and I’ll also support you on an ongoing basis to help keep you accountable for maintaining accurate records. 

Stay informed: Stay current on any changes or updates to the law or regulations. When you work with me, I’ll do this for you and notify you when any changes affect your business, so you’ll never have to worry if your business is at risk.

While these steps provide a solid foundation for compliance, it’s essential to understand the potential consequences of non-compliance. Failing to meet the CTA’s requirements can result in significant penalties, including hefty fines and even imprisonment in severe cases. The penalties for failure to comply include:

  • Civil penalties: Businesses that fail to report required information about their beneficial owners or report incorrect or incomplete information face fines of up to $500 per day until the violation is corrected. These fines can quickly accumulate, leading to significant financial burdens.
  • Criminal penalties: In cases of willful or fraudulent non-compliance, individuals involved can face fines of up to $10,000 and imprisonment for up to two years.

As you can see, the consequences of noncompliance – even if it’s accidental – are too significant to ignore. Understanding and adhering to the CTA is crucial to avoid these potential risks. 

Your Next Step

Even though the CTA became law in 2021, the government didn’t start accepting filings until January 1, 2024. Therefore, 2024 is the first year you’re required to submit your information. And the filing deadlines are approaching quickly. Existing companies registered to do business in the U.S. before January 1, 2024, must file by January 1, 2025. Companies created or registered in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective (this information comes from your State’s Secretary of State, not the federal government). 

How We Support You to Ensure Your Business is Never at Risk

I understand the complexities of navigating new regulations like the CTA can pose for your small business. These changes can introduce uncertainties and potential risks that divert your focus from growth. That’s why I offer a comprehensive Business Breakthrough Session where we’ll assess your business’s overall health, including its compliance systems. Together, we’ll develop a tailored plan to address any vulnerabilities and ensure your business is compliant with all applicable laws and regulations and positioned for continued success. With my guidance, you can confidently navigate this new landscape and achieve your business goals.

Book a call to learn more about how we can support you in ensuring your business is never at risk of non-compliance with the CTA.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Running a business means you will eventually face disputes. These conflicts could be with employees over contract terms or workplace issues, customers over product quality or service delivery, suppliers over payment or delivery terms, or business partners over profit sharing or decision-making. When disagreements arise, the traditional route of resolving them in court can be time-consuming, expensive, and stressful – not to mention completely public. Anyone can look up a court case and read about the allegations, who’s involved, and what happened. And since the court process is deliberately adversarial, the facts presented by each side are usually, let’s say, less-than-flattering of the other side. Those public allegations against you or your business could even be false. Luckily, there’s an alternative: arbitration. Arbitration is a method of resolving disputes outside the courtroom, offering a quicker, more cost-effective, and private way to settle issues. 

In this article, we will delve into what arbitration is, its benefits for business owners, situations where arbitration is particularly advantageous, and how to prepare for it. Understanding arbitration can equip you with the knowledge to save time, money, and stress, helping you keep your business running smoothly even in the face of conflicts. 

We’ll start with the basics and explain what arbitration is and what it is not.

What is Arbitration?

Arbitration is a method of resolving disputes outside of the courtroom. You may have heard the term “alternative dispute resolution” or “ADR,” which refers to specific processes that help parties resolve their disputes without court intervention. Arbitration in one form of ADR. Another form of ADR is mediation, which is a much different process, but many people confuse the two. Check back here next week for a thorough discussion about mediation so you can have absolute clarity about the difference between these forms of ADR and know when to employ each for the success of your business. 

What Arbitration Is: Arbitration is like a private court in that a neutral third party, known as an arbitrator, listens to both sides and decides who wins and who loses. The arbitrator is typically an expert in the field related to the dispute, ensuring a fair and informed decision. It looks a lot like the court process. Both sides present their cases to the arbitrator and call witnesses. The lawyers for each side get to cross-examine witnesses and admit documents into evidence. At the end of the proceeding, the arbitrator issues a formal decision in writing, and that decision is binding, meaning you and the other party must follow it. To give further weight to the arbitrator’s decision, it is often submitted to a court for the judge to sign. Notably, only the decision is presented to the court – no facts of the case, arguments, or evidence will be made public. 

It’s vital to note that the decision usually involves exchanging money. Arbitration is not available in cases where someone’s liberty is at stake. 

What Arbitration Is Not: Arbitration is not the default resolution process. Both parties must agree that if any dispute arises between them in the future, they agree to settle the matter through arbitration. This agreement must be outlined in a written contract, and most states have specific rules on how the arbitration clause in a contract must be phrased and executed. One deviation could make the clause unenforceable, meaning you end up in court anyway. 

Arbitration rules are less stringent than court rules, offering a more flexible and faster process. While it’s ideal for the arbitrator to be genuinely neutral and an expert in the type of dispute, that’s not always the case. Since no formal court rules are in place to ensure impartiality and the arbitrator’s expertise, the parties may or may not be able to petition for another arbitrator to hear the case. Furthermore, unlike a jury trial with a judge, there aren’t the same checks and balances. The arbitrator possesses all the power over the process and the final decision, giving you more control over the resolution process.

Now that you understand the basics, we’ll discuss how arbitration benefits you as a business owner. 

Benefits of Arbitration for Business Owners

Since you’re busy running a business, arbitration offers many benefits. Here are a few.

Arbitration Saves Time. Going to court can be a long, drawn-out process. It can take months, if not years, to resolve. Court cases are often delayed, and you might be stuck in legal limbo. Arbitration, on the other hand, is designed to be fast and efficient. Arbitrators typically start the process quickly and keep it moving until the conclusion. This means you spend less time away from running your business.

Arbitration Saves Money. Legal fees can also add up quickly in court cases, significantly the longer it takes to resolve. Attorneys charge for their time, and the longer it goes on, the more expensive it becomes. Arbitration is generally less pricey because it avoids many of the formalities of a court case. If your lawyer charges by the hour, fewer billable hours means lower costs for you. 

Arbitration Keeps Your Affairs Confidential. This may be the most enticing reason for choosing arbitration as a dispute resolution method. Court cases are public, which means anyone can look up the details of your dispute. This can be embarrassing and might harm your business reputation. Arbitration, however, is a private process. The hearings are not open to the public, and the details are only disclosed if both parties agree. This confidentiality can protect your business’s image and sensitive information.

When to Choose Arbitration

While arbitration has many benefits, it’s not always the best choice for every dispute. However, here are some situations where arbitration can be particularly advantageous.

Contract Disputes. Contract disputes are highly technical and can boil down to the interpretation of one or two words that may seem ordinary to laypeople (juries, for instance) but have specific meanings under the law. However, many arbitrators are current or former lawyers, and they’ll often be able to parse out the technical details and specific legal terms without explanation or ambiguity.

Employment Issues. Employment disputes, such as disagreements over wages, working conditions, or wrongful termination, can be sensitive and complex. Using arbitration for these issues can help maintain a better relationship with your employees. The confidentiality of arbitration also means that the details of these disputes won’t become public, which can protect both your business and your employees’ privacy.

Business-to-Business Disputes. When you have a conflict with another business, arbitration can help maintain a professional relationship. Since the process is less adversarial than a court case, you’re more likely to reach a resolution that allows both parties to continue working together. This can be especially important if the other business is a key supplier, customer, or partner.

The Importance of Expert Guidance

Before we close, I want to emphasize an important point: with arbitration, you can override the default dispute resolution process—court—by simply agreeing to it. However, with great opportunity comes great responsibility. The court process has formalities built in to protect the parties, and since arbitration is less formal, you want to be very careful about choosing arbitration to resolve business disputes. After all, a decision against you or your business could mean a big payout to the other party. 

I aim to ensure your business thrives. I can advise and counsel you to help you make the best decisions about resolving business disputes with as little impact on your business as possible. I also create and review contracts, including those with arbitration clauses. Finally, I help you put your foundational legal, insurance, financial, and tax systems in place so your business is protected from risk and prepared to resolve disputes before they arrive at the point where arbitration is needed. All this saves you time and money, so you can direct your energy and attention to what you do best: running your business. 

The Advisor You Need, No Matter What Happens

As your trusted advisor, I understand the negative impact of conflict on you and your business. That’s why I offer a comprehensive Business Breakthrough Session where we’ll analyze your current business foundations – including protecting your business from the risk of conflict – and develop a plan to address gaps. Together, we’ll ensure that your business is well-equipped to handle anything that happens. With my support, you can confidently engage with third parties, safeguard your brand’s reputation, and focus on what you do best—growing your business.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

You embarked on your entrepreneurial journey with a seedling of an idea, nurturing it through the challenging early years with grit and personal sacrifice. Over time, that seedling grew into a thriving enterprise, a testament to your passion, dedication, and hands-on leadership. 

Your business has become an extension of yourself. After all, you are the boss, the visionary, the indispensable driving force behind it all. At least, that’s how it may feel. But even for a skilled leader, there is one uncomfortable truth to accept – at some point, you must replace yourself if you want your company to outlive you, whether through a sale, retirement, death, or incapacity. Paradoxical as it sounds, making yourself replaceable is the ultimate key to ensuring your business’s longevity.

The Paradox of Replacing Yourself

As an entrepreneur, you’ve worked incredibly hard to build your company from the ground up. Your business is your baby – the product of your passion, sacrifice, and commitment. Probably one of the last things you’re thinking about is either closing it down or handing it off to someone else. 

Here’s a reality check: no matter how indispensable you might feel, your business cannot rely solely on you to thrive in the long run. Whether due to retirement, illness, or the inevitable passage of time, there will come a day when you won’t be around to call the shots. If you haven’t prepared for that day, your life’s work could be at risk. Your loved ones could end up in court or conflict, and your business partner(s) or team members could be left in limbo. But all these outcomes are avoidable, if you plan ahead.

So, what does it mean to plan? It means you must make it your mission to replace yourself as the boss systematically. It seems paradoxical. You’ve worked hard to get your business off the ground, so why would you willingly give that up? The answer is sustainability – if you want your company to thrive for generations, you must let go of the reins, at least at some point. 

Think of it not as stepping down, but as the ultimate act of leadership and love. By planning for your succession, you ensure your business continues serving, providing jobs, and supporting your loved ones. You’re leaving a lasting legacy, a testament to your vision and hard work. What a gift you’re giving to your customers and your loved ones! 

Think briefly about what could have happened to Apple after Steve Jobs died. Had he not made a plan to replace himself, your iPhone may be just a relic today, maybe even stashed away in a box in your attic. Apple could have been broken up and sold off, or Steve Jobs’ loved ones could have been tied up in court and conflict with the other Apple shareholders. 

Thankfully, none of this happened. iPhones are still made and improved yearly, and new products have been introduced since Jobs’ death. Apple is still one of the world’s most profitable and influential companies. 

You don’t have to be as well-known as Steve Jobs and Apple to apply the same lessons. Replace yourself, and your business continues to serve people and enrich their lives. Don’t replace yourself, and your business likely ends when you do. 

It’s that simple.

Identify Your Successors

So, how do you go about replacing yourself? Start by identifying whether you have any internal team members to develop as potential successors, or if you’ll need to consider an outside sale of your Company, or possibly hiring for future succession. Don’t worry about finding a carbon copy of yourself, but molding people who share your vision and can build upon what you’ve created.

Groom these people over the years by delegating more significant responsibilities to them. Slowly but surely, remove yourself from the day-to-day decisions and operations and see how they progress. Provide candid feedback, guidance, and advice, playing more of a coaching and mentoring role.

As you release the reins to others, you’ll necessarily need to shift away from working “in” the business to working “on” or even “above” the business. This is the perfect time to analyze your systems and ensure your business has the right foundations for succession. If you aren’t sure you have the suitable foundational systems in place (specifically, your legal, insurance, financial, and tax systems), engage with a trusted advisor who can help you, like us, or even a team of advisors, such as our dream team we’ve assembled. 

Before I move on to the next section, I want to point out something important. Did you notice above I said “people” instead of “person” when identifying business successors? That was intentional. For the health of your organization, you need a full bench of empowered leaders, not just one person waiting in the wings. Cross-train multiple employees or family members, document processes, and get everyone aligned with your company’s mission, values, and strategic direction. This is not only smart but ensures continuity across the organization.

The Hardest Part: Let Go of Control

One of the toughest challenges as an entrepreneur is letting go of control and relinquishing the power and final say you’ve grown accustomed to. You have to fight against instincts of micromanagement and trust that your successors can rise to the occasion when you’re not calling every shot. The hardship and wisdom will stay if you relinquish that control in stages. 

This can be a tough mindset shift for entrepreneurs who have hung their entire sense of purpose and identity on their business. But it’s crucial for the long-term viability of their life’s work. After all, what good is all that success if it gets erased the day they’re gone?

Does it mean you have to check out entirely someday? Not at all! You’ll begin by establishing clear key performance indicators (KPIs) to measure so you can ensure your team is hitting their metrics and that you can monitor results even without being involved in the day-to-day. In the long term, you may want to stay involved as an advisor board member or just have your name on the wall. The point is to separate your identity and personal involvement from the company’s ability to operate successfully.

Make Sure to Formalize Your Plan

So now you know the importance of replacing yourself, you’ve identified successors, and you’re letting go of control. Formalizing your plan is essential so it will be honored and enforceable. How do you do that? Work with a professional. As a Business Advisor, I can guide you to document your wishes correctly and encourage you to think about death and succession and something you may have overlooked – your incapacity. You need a plan not only for what happens if you’re no longer around but also for what happens if you’re around but unable to participate in your business, whether it’s from a terrible accident or a severe illness. You’ll want someone who can walk you through these challenging scenarios so you’re empowered to make the best decisions for you and your business.

The Business Advisor Who Has Your Back

As your Business Advisor, I am committed to guiding you through the crucial process of replacing yourself as the leader of your business. This will allow your business to carry on without you and make a difference in other people’s lives. Together, we’ll create and refine your foundational systems and build a solid plan so your life’s work thrives for generations. That’s the secret to business success and the gift you give to your customers, team members, and loved ones.

Book a call to learn more. Contact Res Nova Law Firm today!

Prefabricate metal buildings with steel frames are quickly become a top choice for business owners wanting a modern construction. Their durability, flexibility, and custom options make them an ideal choice for just about any business. Let’s find out why entrepreneurs are choosing prefab metal buildings instead of traditional wood and brick structures.

The Benefits of Operating a Business Out of a Pre-engineered Metal Building

There are many perks of running a business pre-fab building. These steel-framed structures have greater structural strength than most other materials. Cost-effective and weather-resistant, these buildings can be constructed quickly, require little maintenance, and are highly resilient to extreme weather conditions.

Typically, parts to construct the building are delivered at one time, and they can be put together by a team rather quickly. These pre-engineered kits can be erected by a small crew so labor costs are minimal and operations can start sooner. This means less worry and stress for owners and management.

Due to the solid, rust-free, and corrosion resistance of metal and steel, prefabricated buildings are easy to maintain. These structures do not have to face the same type of wear and tear that a wood structure does, which is something that small business owners in particular can appreciate.

Pre-Engineered Metal Buildings Offer Multiple Custom Design Options

The developments in steel and metal structures as of late have made an array of things that can be done concerning pre-engineereed metal building choices in design, size, and customization. Not only can these buildings serve as storage facilities, garage repair facilities, places of worship, and smaller fabrication plants, but they can be designed to have entry doors and windows to welcome customers. One building can be designed to serve a variety of purposes and functions.

Cutting Cost and Boosting Green Building

When you choose a prefabricated building kit, putting it together is easier and reduces labor costs and the need for equipment. This allows for a more eco-friendly construction process and saves money. The prefab concept makes putting together metal buildings rather eco-conscious and lets you lessen your carbon footprint beyond construction.

The return on investment doesn’t end there. These prefab metal buildings offer owners increased energy efficiency. Energy expenses are a major component of overhead that many owners battle each month. However, prefabs can be crafted as air-tight structures that can include insulation, making them effective energy expense minimizers.

Additional cost savings come in the form of low-profile roofs and colors that can lower energy use. Furthermore, those who opt for customization can choose a cool roof system that helps dissipate the sun’s heat. Furthermore, these buildings are strong and not susceptible to many external elements. Along with the minimal maintenance these structures combined, consider a prefab for current or new business.

Looking to Make a Change or Start Up a Business?

If you are ready for an affordable, resilient, and environmentally friendly construction solution, there are ways to go about it. Pre-fabricated metal buildings offer endless possibilities for entrepreneurs and managers alike.

Storage units are ideal for freeing up space in your home, storage for items you use in your home business, or keeping your belongings while moving or being deployed in the military. They are convenient to give you additional space and declutter your home. Here are five things to consider when renting your first storage unit:

1. Types of Units Available

There are indoor storage facilities and outdoor ones that you can pull your vehicle up to load and unload. The indoor storage units are typically climate-controlled, which is ideal for anything affected by extreme cold or humidity. Outdoor units are not climate-controlled, but they are less expensive. The self-storage units come in various sizes, ranging from 5’x5’ to 10’x20’ or larger. If you plan to access the storage unit before permanently removing your items, be sure to get a large enough unit to easily access your belongings with an aisle down the middle so you can reach items in the back.

2. What Will I Store?

Most self-storage facilities have safety restrictions prohibiting you from storing certain items. These can include firearms, hazardous materials, and anything illegal. Most people use them for household goods, furniture, and holiday decorations that they don’t want to sell or donate.

3. What Do I Need to Do to Rent a Self-Storage Unit?

Find one in a convenient location that is reasonably priced. Read the contract carefully. There can be a minimum amount of time you have to rent the unit, although most are month to month. It’s rare to find anywhere that will let you rent for less than a month, minimum. Focus on what happens if you are late making your payment or forget to pay. You could lose all your possessions if the facility auctions off the contents. They will make you pay to have the lock cut off and an auction fee as well if you default on your payments. Consider letting the facility have automatic payments from your bank account if this is offered. You also have to show a valid government ID to rent a self-service storage unit. Tell a family member about your unit and leave them the information in case anything ever happens to you and you are in the hospital, so you don’t lose your stuff.

4. Access

Find out what times you can access your storage unit. It may be 24 hours, but many facilities only allow access during normal business hours. If you only have a vehicle you can use to move stuff out, this will be important.

5. Security

Indoor and outdoor self-storage facilities should be well-lit with security cameras. A guard on the premises is even better. You’ll be supplying your lock to guard your items safely. The facility may have insurance you can buy, or your homeowner’s insurance may cover the contents. Photograph and list your most valuable items in case you ever need to put in a claim. If your unit is broken into, it is usually your responsibility unless the storage unit was negligent, like forgetting to lock the gate. Never store anything irreplaceable, like valuable jewelry, in a self-storage unit. Get a safety deposit at your bank instead for those items.

By: Katherine Robinson, a writer for SMARTBOX

Purpose and Functionality

One of the first things you should consider before choosing a belt grinder is which kind of projects you’ll need it for. For example, some belt grinders can be used with attachments and accessories that give them a wider range of functions. Occasionally, manufacturers will even include bonus attachments with certain models.

Belt Size and Length

While more compact belt grinders are typically less expensive than other models, you may end up paying more for replacement belts. Longer belts are better able to handle the heat from grinding since the wear is dispersed over more material. 

You may also be tempted to get a belt grinder with a wide belt, but these are not ideal for all kinds of projects. Knife making, for example, requires a two-inch belt. Anything thinner or wider will make it harder to perform the right functions.

Speed Settings

Not every belt grinder comes with a variable speed belt, but getting one that does can be a huge help. Some projects require very high speeds, while others don’t. Having the ability to choose the speed you’re using increases the number of materials you can work with.

Belt

Motor Size

Another important thing to look for in a quality belt grinder is a reliable and high-power motor, especially if you’re looking at a model without variable speed. A grinder with a weak motor just won’t perform as well, even if the price is more affordable.

The Right Belt Grinder

Follow these tips to make sure you choose the belt grinder that’s right for your projects. Once you have the machine you want, you’ll need to properly maintain your belt grinder to ensure it lasts as long as possible. With the right care, a quality belt grinder should last you quite a while.

When you think about construction equipment, the sizeable yellow machinery associated with Caterpillar is probably the first to come to mind. There are many advantages of Caterpillar engines when it comes to quality; however, if you’re wondering which are the best types of Caterpillar engines, consider the following.

Cat C7

The C7 was in production throughout the 2000s and was a memorable piece of equipment for being one of the earlier engines to adapt to new regulations imposed by the EPA. Trucking companies favored the C7 during that time for its reliability. However, Cat decided to take things in another direction and stopped production of the C7 in 2010.

Cat 3306

The 3306 is one of Cat’s older and more reliable engines, having made its debut in the 1970s. The main draw of the 3306 is that this engine ran efficiently but had a simple design that was easy to maintain and repair. Cat ceased production on the 3306 in the early 2000s when emission regulations led to the C7 and C9 models, which adhere to government regulations.

Caterpillar
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Cat 3116

While we often associate Caterpillar engines with construction equipment or heavy trucks, the 3116 made a big splash thanks to its frequent use in marine equipment. At 2400 rpm, the 3116 had around 205 horsepower, though the engine had some issues with a weaker top end compared to other models.

Cat C15

The C15 remains one of the best Caterpillar engines for industrial usage. The engine boasts a single turbocharger and parts that can be easily swapped out with the similar 3406E engine. Relief slots in the C15 are beneficial in protecting the gaskets from heavy weight.

Cat 3408

Cat’s 3408 engine remains one of their most popular engines on the market. The 3408 contains a lot of power and is stable, reliable, and easy to modify. The eight-cylinder engine produces around 500 horsepower and remains a popular model for construction, mining, and other heavy equipment uses.