How Platinum preserved a legacy and created new opportunities out of an outdated family business
June 4 Webinar: Leadership Transition Changes During COVID-19
Platinum Group will co-sponsor a one-hour panel discussion on family business transition with Fredrickson & Byron P.A. on Thursday, June 4 at 3:30 p.m. (Central). The free, online webinar is the last of a three-part series on understanding a systems approach to leadership transitions, presented by the Family Business Advisory Group. Platinum’s Tom Hubler will moderate the discussion about changes in a succession plan between […]
Platinum Owner Transition Forum: Business Transition Includes Aging Issues
Business owners have spent their lives chasing dreams, building companies, and taking care of employees and their families. But the reality is coming for everyone that aging is more complicated and expensive than ever imagined. The most recent Transition Breakfast addressed “The Challenges and Opportunities of Aging,” presented by Platinum Group’s Executive Consultant Laurie Knutson. In addition to consulting with business owners on leadership, marketing […]
Strategies for Getting Back to Work
By Greg Backlund, Executive Consultant, Operations Improvement An interesting way to consider business issues is to compare the economy to living ecosystems. Millions of years of survival testing provides a lot of success and failure examples! The current Covid disruption is likely to be a major ’extinction event’ for many businesses – unfortunately, probably, many businesses will go bankrupt or have to drastically restructure. In […]
From Good Idea to Contract with Menards
How Platinum helped an entrepreneur raise funds to manufacture newly patented products
Webinar Answers FAQs in this COVID-19 Time
“Positive Family Business Leadership and FAQs in the Time of COVID-19” was a recent webinar hosted by Platinum Group and Fredrikson & Byron, P.A. on the following topics: Stakeholder and family communications Sustaining positive leadership Envisioning a new normal Keeping up employee morale during the crisis Maintaining family values and goals during the crisis Platinum panel members included Tom Hubler, Bob Stewart and Steve Coleman. […]
Every Business Needs a Strong Banker
By Bill English, Partner I’ve met my fair share of business owners who are skeptical of lawyers, bankers, accountants and/or financial planners. I’ve known some who give some information to one advisor and other information to another advisor but never give the full story to any single advisor. Others view advisors as necessary evils – skills that one might need once in a while but […]
5 CEOs Offer Tips on How to Thrive in 2021
By Dale Kurschner, Executive Consultant We soon end the strangest year most of us have experienced, one in which uncertainty as individuals, families, organizations, communities, states and a nation reached its highest point since World War II. Some did well, some remain in limbo, some were severely affected. We all face continued uncertainty for at least the next six months, after which it is hoped […]
Impacts on Supply Chain and Cash Flow During COVID-19 Crisis
A key cash flow impact item for manufacturers under stress is inventory control. Supply chains may be significantly stressed or disrupted, and production volume level forecasts will need scenario assessments in the COVID-19 environment to drive effective inventory planning and management. The impact of inventory management on cash flow is crucial, but it is often difficult to maintain the macro and micro levels of visibility […]
Capital Alternatives to Best Support Your Company
Do you understand your biggest working capital need right now? “Until you have a correct view of the potential impacts of the COVID-19 crisis on your company’s revenue, finding the right working capital for your situation can be difficult to navigate,” according to Rod Peterson, Platinum Partner. In other words, simply knowing the sources of capital alternatives — government and private — is not enough. […]