By Steve Coleman, Partner Two months into this pandemic shutdown, I was included in a Zoom offering new perspectives on how to make our way through challenges not seen in our lifetime. Evercore Wealth Management invited clients and family business advisors across the country to participate in a webinar that turned out to be disturbing, then challenging, then encouraging in ways to address this uninvited […]
By Dale Kurschner, Executive Consultant U.S. commercial Chapter 11 bankruptcy filings through September outpaced the number filed in all of 2019. And the 747 filings made that month represented a 77 percent increase from the same period a year earlier, according to AACER court data. Yet Minnesota’s economy appears to be rebounding quite well from the depths of the Covid-19 recession earlier this year, based […]
By Tom Hubler, Executive Consultant This article is Part 2 of a continuing series about the delicate issues among family businesses. Part 1 discussed financial vs. emotional equity and this article deals with trust and gratitude, which are necessary for emotional equity. Trust Builds Emotional Equity When family members do not trust each other, everything suffers. Trust does not come automatically in a family. It […]
By Dale Kurschner, Platinum Group Minnesota CEOs have had to rapidly adjust to new ways of operating their businesses, including leading employees and serving clients during one of the most intensely uncertain times in U.S. history. In May, “One Take CEO Interviews” was launched to discuss (via Zoom) how they were dealing with the Pandemic and planning for the future. Since then 14 episodes have […]
How Platinum improved operations to support return to profitability
By Tom Hubler, Executive Consultant The entrepreneurial spirit flourishes in today’s society. People want their own business – for the freedom, for higher earning potential; or because they have a great idea, because they are the next generation. And people who have their own business naturally bring along their families. Even family members who do not work in the business are still part of it […]
Business Owner Sabbatical Planning Template is a guide for Business Owners to plan an extended leave By Steve Coleman, Partner Looking to try something new to break old patterns and gain new motivation for change? As business owners and managers finalize their annual plans, they may be ready to test their capacity to step out of the driver’s seat by taking a sabbatical. Traditionally an […]
The owner of several manufacturers in the Twin Cities made the decision to start downsizing and chose one of his three companies to sell. Dean Bachelor of Platinum Group sits on the board of his largest company, a manufacturer of large processing equipment, and the owner asked Dean to facilitate the sale of his engineering/metal stamping business. Read how Platinum structured the transaction to sell […]
Platinum Group has added a new self-assessment tool to help business owners to evaluate barriers that may be blocking the health and success of their organizations in three essential areas: leadership, workplace culture and unresolved conflict. To build a stronger business, owners need to monitor the relationship dynamics within their companies and ask themselves questions that may feel uncomfortable but could be truly holding them […]
By Bill English, Partner, Platinum Group Business owners live with their businesses, 24 x 7 x 365. Their business is always in their thoughts – even if only in the back of their minds. At the end of a tough day, when they go home, they’ll often not want to re-live their day. Isn’t that time to re-focus and relax? But giving their spouse the […]