Owners usually have two choices when considering how companies will go on without them Succession planning is vital to the continuation of any business. And when there are multiple owners—partners, members, shareholders—no single document is more important than a comprehensive, up-to-date buy-sell agreement. Failure to have such an agreement adds confusion and stress at the […]
Be smart, plan for what’s next
Experts say best succession plans prepared in advance, not out of last-minute necessity or tragedy Mylese Tucker never considered having a succession plan for her business, Nature’s Cupboard, until she served on the board of the Independent Natural Foods Retailer Association. One of the group’s first strategic goals was to implement a succession plan. “We […]
A potential literary goldmine
Companies can find wealth of free resources at public libraries A public library might be viewed by business owners and working professionals as irrelevant to their needs. They might even see them as merely a place for young families, students and retirees to borrow books or as a place to hang out. However, hidden behind […]
Outside-the-box projects
Companies in Region take innovative approach to traditional construction, renovation projects Companies in Northwest Indiana are betting on the area, and the proof is in both recent new construction/renovation projects and ones in the works. Industries ranging from education to hospitality—and everything in between—have invested resources to build or rebuild high-tech, high-touch, attractive and energy-efficient […]
Tips for making plan for future
Solid succession strategies keep companies growing, prospering Pete Korellis knows his business and those who work for him will be taken care of long after he decides to step away from his company. He recognizes succession plans are vital for entrepreneurs to ensure their businesses thrive in the future. “A well-thought succession plan is one […]
Something for everyone
Tax cuts bring business benefits, accounting complexities On Dec. 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law. Passed by the House of Representatives on Dec. 19 and then the Senate three days later, the bill makes widespread changes to the Internal Revenue Code. Since then, the nation has had […]
Old sites find new life
Energetic communities emerging through redevelopment initiatives When it comes to reclaiming and reusing previously developed land for new building projects, Region leaders say recipes for success include patience, planning and partnerships as key ingredients. “In one sense, redevelopment is about making the old new again and the importance of keeping a community relevant and going,” […]
When Disaster Strikes
How a DRBC plan can save your business Bob Moulesong According to statistics found on Statista (www.statista.com) the cost of a data loss for American businesses is upwards of $7.35 million – per occurrence. That cost doubled in a 10-year period ending in 2017, because of digital dependence. When we asked business analysts, managers, and […]
Financially Fit
Choosing a financial advisor Whether you have already filed your taxes or are preparing to file, taxes, finances and overall financial health are always on our mind. While some people will make most of their financial decisions on their own, once they start accumulating more than they need for the simple necessities, many will seek […]
Back to School
Local companies go straight to the source for new employees Jacob Brunetti will be graduating this spring from Purdue University Northwest in Hammond with a degree in computer science. To get a jump on finding a position, the 22-year-old Munster resident attended a career fair at PUN’s Westville campus in February. Unlike a standard job […]
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