The Business Mentoring Center
The Business Mentoring Center

Corporate Cranium Mentor Articles

The Small Business: How Do You Know When You Need HR?

By Sheri Stolp, The Stolp Group | February 1, 2013

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 dread most, firing someone. Add to that a complex set of state and federal employment regulations and the whole thing can seem pretty overwhelming.  But here’s the good news.  In the world of HR, which...

Read More

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

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…

Read This Article

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…

Read This Article

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…

Read This Article

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…

Read This Article

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…

Read This Article

Mentor Articles by Category