The Business Mentoring Center
The Business Mentoring Center
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Welcome to Corporate Cranium Business Mentoring Center

Every great performer, whether an elite athlete or entertainment legend, has the need for professional coaches and advisors.

The goal of our bi-monthly newsletter is to help you find the advisors, coaches and professional support you need to maximize the performance of your business.

Find timely articles that help you navigate through the ever-changing daily grind of owning and managing a business.

Sign-up for out Bi-monthly news.

Our Goal is to support and mentor businesses in 3 key areas!

Starting Your New Business

Ask the right questions and find the right answers for issues such as entity type, financing, accounting structure, insurance, partnership, marketing and employees.

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Improving and Growing Your Business

Sales, Marketing and Advertising, Team Building and Recruitment, Systems and Business Process Development, and Customer Service.

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Selling Your Business for Maximum Value

Determine whether it is ready to be sold, its real value and an achievable selling price, as well as the potential structures for a transaction.

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Recent Mentor Articles

Changes to United States Patent Law: Win, Lose or Draw for Small and Startup Businesses

By Michael Sherrill, Sherrill Law Offices

The Federal Government instituted sweeping changes to United States Patent Law this past fall with enactment of the “America Invents Act”.  While many of the substantive changes do not take effect until fall of 2012, it is important to understand the likely consequences, both intended and unintended, of these changes in order to avoid costly…

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New Increases for Social Security in 2012

By Roben Hunter, Hunter Advisors, PLLC

There are new increases in Social Security that have been recently announced, both for the recipients and the employee/employers currently paying into the system.  For those of us paying into Social Security in 2012, the Social Security tax will be payable on the first $110,100 of income received per person in 2012, which is an…

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Chapter 4: When to Patent

By Michael Sherrill, Sherrill Law Offices

You’ve just come up with an idea for a new product or process or an improvement on an existing product or process.  You’re convinced that if this invention works the way you think it will, you’ll be rich beyond your wildest dreams.  You know that you need to patent this invention to prevent competitors from…

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New Exclusions from Minnesota Estate Tax

By Roben Hunter, Hunter Advisors, PLLC

At the end of 2010, the federal estate tax exemption amount was increased to $5 million, which means that up to $5 million dollars worth of assets can pass from an individual to others at death without incurring a federal estate tax.  Unfortunately, Minnesota did not adopt the federal exemption amount but instead has continue…

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Designing an Effective Compensation Plan that Rewards Performance

By Bob Halagan, Halagan Law Firm, LTD.

I recently negotiated a labor agreement on behalf of an electric cooperative in which all of the compensation was based on achieving certain performance standards.  This type of compensation plan is extremely rare for a unionized company and reflects an approach to compensation that can serve as a model for non-union employers as well. The…

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Reducing Your Insurance Costs…Distinguishing Bad Advice from Good Advice

By Gary Sorenson, Insurance Brokers of Minnesota

Many Americans are struggling financially in the current economy, particularly those struck by lay-offs, and are faced with tough decisions about how to reduce expenses. As a result, much has been written in recent months about how to reduce insurance premiums as one aspect of a belt-tightening strategy. Unfortunately, too much of this advice has…

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Trademarks: How to Establish Secondary Meaning for a Descriptive Term

By Michael Sherrill, Sherrill Law Offices

To establish trademark rights in a descriptive term the user must be able to prove that in addition to its normal meaning, consumers have come to also recognize the term as a designation of source (i.e., the term has acquired secondary meaning or distinctiveness).  Specifically, it must be shown that the consuming public primarily thinks…

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Managing Legal Fees in Business Transactions

By Bob Halagan, Halagan Law Firm, LTD.

Recently I was involved in a business deal where the principals met to negotiate the terms and then brought the lawyers to the table to “document” the deal.  Sounds like the cheapest way to handle a transaction, right?  Not quite. The lawyers saw issues the principals didn’t anticipate and a significant amount of time was…

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The Employment-Related Practices Liability

By Gary Sorenson, Insurance Brokers of Minnesota

Who could be sued for violating an employee’s rights?  Just about anyone who employs another person!  Discrimination, paying incorrect overtime amounts and sexual harassment are just three of many workplace situations that could lead to a lawsuit.  Some actions result from the employer being unaware of applicable laws while others arise out of cultural differences…

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