By Faith Barnard, Executive Consultant Collection efforts are even more difficult than before COVID-19 struck. But with an adjusted approach and a little outside-the-box thinking, your success can earn customer loyalty and make a measurable impact on your own business. Here are five ideas to consider to increase your company’s cash flow: Keep in touch. Calling is always best. Your customers know your phone number […]
Minnetonka, Minn. — July 9, 2020 — Platinum Group, a consulting firm that provides advisory services for business owners, private equity funds, family offices and entrepreneurs, announces that four of its consultants have been named Partner: Bill English, M.A., LP, CPBPM helps clients with conflict resolution, leadership development and executive coaching. With C-level leadership in several businesses, English combines his entrepreneurial experience with his extensive […]
Nearly 60 percent of business owners and leaders who responded to a June Minnesota Business Pulse survey said they expected no changes in employment levels by June 30, while 21 percent said they were hiring and 21 percent were reducing headcount. About half of these leaders say they expect overall business conditions to improve during the third quarter ending Sept. 30, while 38 percent anticipate […]
A family business succession update by two generations of business owners — a father to son third-generation story — will be the topic for Platinum’s next Business Owner Transition Forum on Tuesday, July 14 via Zoom, from 7:30 a.m. to 9:00 a.m. In 2011, a family business was moving down a path of ownership change from the second to third generation, but there were significant […]
Platinum Group’s Dale Kurschner produces a CEO interview program called “One Take” – a continuous, unscripted dialogue with no edits, usually 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. Jeff Kiesel Jeff Kiesel, CEO […]
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