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  • How To Transition Your Family Business Successfully

    How To Transition Your Family Business Successfully

    70% of family businesses fail to transition their ownership from one generation to the next. When owners of a family business are ready to retire and have the option to pass it down to their children, many factors keep them from doing so. What then? In this WOWBIZ Inside Scoop video, Jim Zipurski of Corporate Finance Associates discusses the psychological and financial challenges of passing on a family business as well as how to use outside financing and lots of […]

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  • How To Spur Employee Innovation

    How To Spur Employee Innovation

    As the business world refocuses on driving innovation, companies are entertaining new ways to generate creative ideas that will boost employee and customer engagement. By taking employees out of their normal office environment, CEOs can inspire them to perceive organizational challenges in a different light, finding fresh solutions and boosting morale. Finding the right venue An offsite meeting place should offer environmental features that are in dramatic contrast to the office environment. Inspiring examples may include special lighting, a natural […]

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  • How To Use Wiki Technology To Collaborate

    How To Use Wiki Technology To Collaborate

    In today’s business world, collaboration is the key to improving productivity, stimulating innovation and sharing knowledge across departmental boundaries. Wiki technology provides a highly customizable strategy to break down barriers within your entire company. What is Wiki? Wiki is based on the concept of creating an open platform that can be modified by anyone who has access. Like Wikipedia (the fifth most popular website on the Internet), a business wiki is a constantly evolving tool that can save your employees […]

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  • How To Value Your Business

    How To Value Your Business

    Whether you are ready to sell your business or you are considering buying one, the first step to making a successful decision is accurately valuing the business at the outset. In this WOWBIZ Inside Scoop video, Frank Havercamp of Sunbelt Business Advisors explains the nuts and bolts of accurately placing a value on a company that is on the market. Valuing components Havercamp explains that the most important component to valuing a business is “net cash-flow” (otherwise known as EBITDA […]

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  • How To Get Your Organization “In-Alignment”

    How To Get Your Organization “In-Alignment”

    When the IT department and business unit clash in any company, it can cause unnecessary delays in progress. Much like the spine of a human  being, companies needs alignment between each department to function effectively. In this WOWBIZ Inside Scoop interview, Jim Richards of Capstone IT Consulting discusses how creating alignment between the IT department and the rest of the company can overcome conflicting goals and streamline initiatives. Assessing the issues An outside, third party can help a company achieve […]

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