This series of interviews with key members of Platinum Group – Minnesota’s most experienced advisory group helping business owners and leaders with extreme challenges including financial setbacks, lender and landlord re-negotiations, turnarounds and bankruptcies – is produced by one of its consultants and former Twin Cities Business Editor in Chief Dale Kurschner. Dean Bachelor Complementing this “One Take” CEO interview is a conversation with Platinum Group […]
Platinum’s Tom Hubler recently moderated a panel discussion about changes in a succession plan between the owner and president of King Technology, a Hopkins-based manufacturer, in the midst of the current pandemic. Key take-away advice from the family owner and non-family successor was helpful for other family businesses: Communication, communication, and communication — is needed, especially around values between the owner(dad) and the non-family president. […]
Platinum Group’s Dale Kurschner has launched a weekly CEO interview program called “One Take” – a continuous, unscripted dialogue with no edits, recorded from each CEO’s home via Zoom. In each 10- to 20-minute interview, Dale asks one CEO to provide his or her take on how best to deal with the most pressing business and economic issues of the day, COVID-19. The first “One […]
By Randy Kroll, Partner Leadership is critical during this COVID-19 inflection point. Decisions must be made quickly. Communications must happen in rapid pace. Information must be filtered hourly. Here are three critical actions that Platinum Group suggests to help guide business and organizational leaders in these times: Be Strategic — We know from past experiences that inflection points in life and business create stress, but […]
How Platinum provided long-term guidance that paid off for family and investors
How Platinum preserved a legacy and created new opportunities out of an outdated family business
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 […]
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 […]
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 […]
How Platinum helped an entrepreneur raise funds to manufacture newly patented products