The Business Mentoring Center
The Business Mentoring Center

Corporate Cranium Mentor Articles

Important WordPress Website Functionality Updates are Coming in 2019

By Suzie Meier | January 28, 2019

If your business has a WordPress website, you may have heard rumblings of some upcoming enhancements on the horizon. And if you haven’t heard anything yet, all the more reason to read on! Here at Red Technologies, we appreciate the opportunity to serve businesses and innovate online. We are grateful for our clients’ trust, and it is our priority to help ensure the performance, stability, and security of websites we manage. We also work to provide industry knowledge and share information on upcoming changes. As we explore the two upgrades...

Read More

Budget for Profit

By Kelli Hoskins, Master Business Coach / April 29, 2017

Here’s why paying yourself profit is as important and easy as paying the rent…  As small business owners, most of us are familiar with the term “Budget.”  According to wiki, a budget is ‘a list of all planned expenses and revenues’ that ‘enables the actual financial operation of the business to be measured against the…

Read This Article

What Factors Should You Consider in Starting a Business with a Partner?

By Bob Halagan, Halagan Law Firm, LTD. / April 29, 2017

One of the bravest and most difficult decisions a person can make is decide to go into business for him- or herself.  The second bravest and most difficult may be the decision to go into business with a partner.   Taking on a partner in many ways is like getting married, so it’s important to know…

Read This Article

Be on Your Guard for Slips and Falls all Winter Long

By Gary Sorenson, Insurance Brokers of Minnesota / April 24, 2017

People in Minnesota don’t have the luxury of staying inside when the temperature drops below zero or there’s a foot of fresh-fallen snow on the ground. It’s easy to get develop a routine – bundle up in your parka, boots, hat, gloves and scarf before heading out the door. This routine may protect you from…

Read This Article

Better Late Than Never

By Roben Hunter, Hunter Advisors, PLLC / January 1, 2017

Governor Mark Dayton recently signed tax legislation that retroactively conforms most state corporate and personal income tax provisions to the federal changes that have been enacted since December 31, 2014. Two provisions that did not change to the federal provisions, however, were bonus depreciation and IRC Section 179 depreciation.   There will continue to be differences…

Read This Article

Healthcare Costs in Retirement

By Mark Hegstrom, Waterfront Financial Group / October 1, 2016

American workers are split about 50/50 when asked if they are confident they will have enough money to pay for medical expenses in retirement. In a 2015 survey, 42% of all workers reported they were “not too” or “not at all” confident they would have enough money to pay for their medical expenses in retirement.…

Read This Article

The Top 11 Reasons Accountability Eludes Your Organization

By Kelli Hoskins, Master Business Coach / October 1, 2016

When I speak with business owners, one of the most frequent questions I get asked is ‘How do I get my people to do what I need them to do?’ i.e. How do I hold them accountable?  Holding others accountable, or fear of holding others accountable, is one of the biggest challenges many business owners…

Read This Article

Choosing a Retirement Plan that Fits Your Business

By Mark Hegstrom, Waterfront Financial Group / August 1, 2016

One survey found that the most pressing financial concern facing 42% of small business owners is developing a retirement plan and exit strategy.¹ If you have yet to develop a retirement plan for your business, or if you’re not sure the plan you’ve chosen is the right one, here are some things to consider. How…

Read This Article

Good Health is Good Business

By Mark Hegstrom, Waterfront Financial Group / October 1, 2015

Approximately 27% of payroll for U.S. employers is attributable to health and productivity costs.¹ Business owners and managers understand very well the rising cost of health care and the loss of productivity associated with absenteeism and employee disengagement. Which is why 89% of employers surveyed by Optum, a health management consulting firm, believe that offering…

Read This Article

Minnesota’s New LLC Act

By Roben Hunter, Hunter Advisors, PLLC / October 1, 2015

Minnesota’s new statute governing limited liability companies (“LLC”) became effective August 1, 2015.  All LLCs that are organized after that date will fall under the new Chapter 322C of the Minnesota Statutes (“New Act”).  What does that mean?  How does it affect the LLCs already in existence? The old LLC statute, Chapter 322B, was formulated…

Read This Article

The New Minnesota LLC Act

By Bob Halagan, Halagan Law Firm, LTD. / October 1, 2015

Effective August 1, 2015, the Minnesota Legislature adopted a new law governing Limited Liability Companies (“LLC”).  This law has the greatest impact on new LLCs but also has implications for existing LLCs and the relationship between their member/owners.  The adoption of the new law is intended to reduce the formality associated with operating an LLC. …

Read This Article

Create a Safe Driver Culture in your Business or Home

By Gary Sorenson, Insurance Brokers of Minnesota / May 3, 2015

Being a business owner involves a lot of responsibility. When you have commercial autos, you become responsible for the safety of your drivers and other road users. That can be a lot to take on, so the best way to deal with it is to share the responsibility. To create a culture where everybody shares…

Read This Article

How to Prepare for an Unemployment Hearing

By Bob Halagan, Halagan Law Firm, LTD. / May 3, 2015

If you have terminated an employee or are in a business with regular personnel turnover, you have probably been faced with the prospect of attending an unemployment hearing. Here are some tips on how to get ready for a hearing. Do you need to participate? The first question is whether to contest a claim for…

Read This Article

Geographical Limitations On Trademark Rights

By Michael Sherrill, Sherrill Law Offices / May 3, 2015

A trademark is any word, design, scent, name, sound, or other thing that is capable of distinguishing one person’s or company’s goods from another’s, and indicating that such “branded” goods come from a single source – even if that source is unknown. A service mark is the same as a trademark; the only difference is…

Read This Article

The True Measure Of Marketing Success

By Kelli Hoskins, Master Business Coach / May 3, 2015

It’s called testing and measuring. Most people hate it. That’s because it means ‘there is a chance, however remote, that every marketing strategy you try will not work the first time.’ In other words, it’s possible you’ll spend money without seeing any returns. But consider this – you’ve probably been testing and measuring all your…

Read This Article

Protecting Your Business From the Loss of a Key Person

By Mark Hegstrom, Waterfront Financial Group / February 1, 2015

Charles de Gaulle once remarked, “The graveyards are full of indispensable men.”¹ While we know that life goes on regardless of the loss of any “indispensable” person, for a small business, the loss of a key person is not only a human tragedy, it can represent the potential for significant financial loss. Though business owners…

Read This Article

A Bucket Plan to Go with Your Bucket List

By Mark Hegstrom, Waterfront Financial Group / November 1, 2014

The baby boomers have re-defined everything they’ve touched, from music to marriage to parenting and more lately what “old” means—60 is the new 50! Longer, healthier living, however, can put greater stress on the sustainability of retirement assets. There is no easy answer to this challenge, but let’s begin by discussing one idea—a bucket approach…

Read This Article

Why Your Team is Inherently Dysfunctional and What to Do About It

By Kelli Hoskins, Master Business Coach / June 1, 2014

This is a little story about four people named Everybody, Somebody, Anybody, and Nobody.  There was an important job to be done and Everybody was sure that Somebody would do it.  Anybody could have done it, but Nobody did it. Somebody got angry about that because it was Everybody’s job.  Everybody thought that Anybody could…

Read This Article

The Small Business: How do you know when you need HR?

By Sheri Stolp, The Stolp Group / May 3, 2014

For the small business owner, conquering challenges like creating new business opportunities, improving the bottom line or finding a new office can seem like small potatoes compared to hiring and managing employees. And as the business grows, entrepreneurs can experience major challenges in terms of finding great people, performance issues and the thing we all…

Read This Article

The Do’s and Don’ts of Conducting Effective Performance Appraisals

By Sheri Stolp, The Stolp Group / May 3, 2014

Do you dread conducting employee performance appraisals? Is it one of the last things you wish to do during your already pressing week? Are you concerned with conveying negative news to sub-par employees? If so, you’re not alone. Writing and conducting annual performance reviews is ranked as one of the least favorable activities of management.…

Read This Article

How High Trust In Organizations Leads To Improved Performance

By Bob Halagan, Halagan Law Firm, LTD. / May 3, 2014

The author and leadership expert Warren Bennis has said, “Trust is essential to all organizations.” Yes, organizations that operate in an environment of high trust eliminate barriers to performance and stimulate employees to hone their skills and step up their game. You won’t be surprised to know that when your employees trust and have open…

Read This Article

Mentor Articles by Category