The Business Mentoring Center
The Business Mentoring Center

Corporate Cranium Mentor Articles

What to Look For in the Next Contract That You Sign

By Bob Halagan, Halagan Law Firm, LTD. | August 6, 2018

Ok, so you are about to sign a contract with a new customer and they send you a ten-page contract to sign before you can start work; what do you look for in that contract?  While it’s a good idea to have complex contracts reviewed by an experienced attorney, there are some basics you can look for to see if your new customer is offering a deal you really want to take. Term of the contract. In most contracts there is a “term” or period of time for which the...

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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Minnesota Residents – Intention Does Not Always Win

By Roben Hunter, Hunter Advisors, PLLC / May 3, 2014

Minnesota has residents that consider themselves “snowbirds” – spending portions of their time (usually the long, cold, winter months) in a warmer climate and the summer months in Minnesota. Typically, by the time they are ready to retire, at least one of their advisors will tell them that for tax purposes, they would be better…

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Watch Out For The Worker’s Compensation Retaliation Claim!

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

One of the “growth” areas in employment litigation is retaliation claims, and in particular retaliation claims relating to worker’s compensation. Close ties between organizations representing employees in worker’s compensation claims and attorneys who handle plaintiffs’ employment retaliation claims, make it very likely that if you terminate an employee with an outstanding worker’s compensation claim, you…

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Race Car Drivers AND Business Owners Win on the Corners – Not on the Straight

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

Car racing comes down to cornering.  Everything else being equal, the driver that can maintain the highest speeds through the corners will have the fastest lap times.  The whole objective when taking a corner is to have the fastest possible speed when exiting the corner. It’s not about having the fastest speed as you come…

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Employee or Partner: How to Decide When to Make a Key Employee an Owner in Your Business

By Bob Halagan, Halagan Law Firm, LTD. / January 1, 2014

In most small to mid-sized businesses, the question arises at some point in the life of the business whether to bring in a new or additional partner to the company.  Usually the question arises under one of two circumstances: (1) the employee is a dynamic rain-maker and you want to make sure he or she…

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Minnesota Residents-Intention Does Not Always Win

By Roben Hunter, Hunter Advisors, PLLC / August 1, 2013

Minnesota has residents that consider themselves “snowbirds” – spending portions of their time (usually the long, cold, winter months) in a warmer climate and the summer months in Minnesota.  Typically, by the time they are ready to retire, at least one of their advisors will tell them that for tax purposes, they would be better…

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How to Get Your Customers to do Your Selling for You

By Kelli Hoskins, Master Business Coach / June 1, 2013

We all hope that if we acquire a new customer and deliver our product or services to their expectations, we have a customer for life and through ‘word of mouth’ they’ll introduce us to many more.  While this happens some of the time, it’s a very passive and re-active way to grow your customer base…

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Are your Key Documents Up to Date?

By Kevin Lanigan, Carlson Estate Planning / April 29, 2013

Estate attorneys were relieved when Congress finally agreed to a long-term resolution of the amount of the federal estate tax exemption. Finally, after a decade of not knowing what would happen to federal estate taxes, lawmakers settled the matter when the American Taxpayer Relief Act of 2012 became law.  As a reminder, the estate-tax exclusion,…

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Think Your Business is Different? Here’s Why It’s Costing You Money

By Kelli Hoskins, Master Business Coach / April 1, 2013

If I received a dollar every time I heard that statement well, I’d have a lot of dollars.  There is a simple formula that determines where your current profits come from and how to systematically increase your profits.  And this formula applies to every business, everywhere, every time.  If this is the case, why do…

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Success through Failure

By Kelli Hoskins, Master Business Coach / February 1, 2013

In business, massive failure should be avoided at all costs except if you want to achieve massive success.  The level of success you have experienced in your business and in your life is directly proportional to the level of failure you are willing to experience.  Most of us only achieve a limited amount of success…

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The Key to Business Success and Financial Independence is…Leverage!

By Kelli Hoskins, Master Business Coach / December 1, 2012

One of the biggest keys to business success is…leverage.  John D. Rockefeller famously said “I would rather earn 1% off 100 people’s efforts than 100% of my own efforts.”  As one of the founders of Standard Oil and the richest man of his time, John D. Rockefeller had successfully mastered the game of business through…

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Should Arbitration Be a Part of Your Contracts?

By Bob Halagan, Halagan Law Firm, LTD. / December 1, 2012

The cost of legal fees in resolving disputes remains one of the biggest challenges in managing your business.  Disputes that are over the minimum you can bring in conciliation court (generally $7,500 – $10,000 depending on the court) and less than $50,000 can net you a legal bill higher than the amount you recover.  Are…

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