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The Business Mentoring Center

Corporate Cranium Mentor Articles

Three Reasons Website Maintenance is Critical

By Suzie Meier - Red Technologies Inc. | July 25, 2019

If you are a valued client of Red Technologies, or just a fan of our blog (and who isn’t?!), you’ve heard us regularly recommend updating your website.  But what does this really mean?  And why, after spending so much effort creating a cool website, would you need to turn around and update it every month? Your website is often the first impression clients will receive, so it’s crucial to make it a good one. Here are three big reasons why maintaining your website monthly will earn you a big return...

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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…

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Four Commercial Auto Endorsements Every Insured Should Consider

By Gary Sorenson, Insurance Brokers of Minnesota / August 21, 2016

Regardless of the industry or state of operation, the following four endorsements alter the availability of coverage for exposures common to most insureds: Employees as Insureds This endorsement closes these gaps and seeming inequities by altering the definition of “Who is an Insured” to include an employee while using an auto the “you” (the named…

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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…

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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…

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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…

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The Leadership Challenge: Part III

By Sheri Stolp, The Stolp Group / October 1, 2015

In our prior newsletter, I referenced six of our Twelve Essential Leadership Skills.  In this edition, I will highlight the final six, rounding out the key attributes of today’s successful leader.  In total, these Twelve Skills embody the core essence of facilitative leadership.  Here at The Leadership Academy, we have designed a training framework built…

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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. …

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Auto Insurance: Why This News is Important to You as a Consumer!

By Gary Sorenson, Insurance Brokers of Minnesota / October 1, 2015

The auto insurance marketplace has changed. Claims frequency and the average cost of settling auto claims are rising, leading to higher loss costs and future auto insurance rates for insurance companies’ existing customers. These are industry-wide and countrywide issues, impacting all drivers. They are also reflected in the rate increases being taken by some of our…

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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…

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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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The United States Moves to a First to File Patent System

By Michael Sherrill, Sherrill Law Offices / February 1, 2015

The Federal Government instituted sweeping changes to United States Patent Law with enactment of the “America Invents Act” a few years back.  One of the most significant changes is a change from a First to Invent system to a First to File system. The old First to Invent system awarded inventors who were first to…

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The Leadership Challenge: Part II

By Sheri Stolp, The Stolp Group / February 1, 2015

In our prior newsletter, I touched upon the overall business case for employing Effective Leaders.  I have been fortunate to work closely with dozens of organizations ranging from small family-owned businesses to Fortune 500 companies who have achieved great success in establishing truly extraordinary places to work.  These organizations not only generate top and bottom…

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Isn’t It Time to Take Control of Your Worker’s Comp?

By Gary Sorenson, Insurance Brokers of Minnesota / February 1, 2015

Workers’ Comp is the way employers finance employee injuries. For every dollar the insurance company spends, you are likely to pay back $2.00 to $3.00.  It’s our job to stop the borrowing at such high interest rates. Because Workers’ Comp is so complicated and confusing, employers are left to assume that their premium audit reports…

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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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The Leadership Challenge

By Sheri Stolp, The Stolp Group / November 1, 2014

Have you noticed a recent surge in articles, books and other publications discussing the topic of leadership?  Each author claims to have the insider scoop on what specifically constitutes a great leader in today’s business.  So which personal attributes truly identify solid leaders?  Is it the individual’s communication style?  Their overall drive or tenacity?  Their…

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What is a Defined Contribution/Premium Reimbursement Plan? Should I Consider for My Business?

By Gary Sorenson, Insurance Brokers of Minnesota / November 1, 2014

Combines a Premium Reimbursement Account, and a FSA/HSA plan all into one simple-to-use product. Employer has ability to offer a “defined contribution” or tax free contributions to an employee for (1) insurance premiums, or (2) out of pocket medical expenses, or (3) both, and provide a (4) pre-tax platform for employees to pay for their…

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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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