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
“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. […]
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 […]
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 […]
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 […]
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. […]
As companies grapple with the myriad of issues brought about by COVID-19, Platinum Group has the resources to help business owners prepare strategically, deal with cash crises, communicate with the bank or handle employee payroll and benefits issues. “We have been involved in crisis management for the last four decades,” says Platinum Founder Dean Bachelor. “We have been through serious recessions in the 80s and […]