It's hard to be a leader in the best of times, and the Covid-19 pandemic crisis has created an entirely new set of challenges. In the Q2 2020 Vistage CEO Confidence Index survey, a survey conducted by my own company, we asked our community of small- and midsize-business leaders what their...
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How to use variable pay in your small business
You have to spend money to make money. It’s an adage few can refute.
Variable pay is one of those business expenses which, when effectively implemented, can yield handsome returns.
The basics of building a budget for your business
12 cash flow ideas to help businesses get through 2020
As a business owner, you’re likely facing a monumental challenge to navigate the public health crisis and economic stress triggered by COVID-19.
Maybe you’ve struggled through a complete business shutdown. Maybe you have a higher risk tolerance or more liquidity to help cope. But like many business owners, you may...
Avoid making these investment mistakes, the pros warn
If you’re invested in the stock market, you may be familiar with the good feelings that can take over when share prices — and your portfolio value — are climbing higher.
You may want to scrutinize that emotion.
Deferred revenue: how to recognize it properly
If you’re using the accrual method of accounting, you’ll need to make sure that any revenue your business receives is recorded in accordance with the revenue recognition principle. This principle states that revenue should be recognized in the same period in which goods or services are provided.
In simpler terms, any...
How does your brand purpose stand up?
CEOs and other leaders have increasingly been focused on building brand purpose. Companies such as SY Partners, BCG, and StrawberryFrog are specialized in helping companies define brand purpose. But, until now, there has not been an empirical study of purpose brands.
The Business Roundtable, with the signatures of 181 CEOs,...
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