The Business Mentoring Center
The Business Mentoring Center
stock-photo-marathon-runners-2

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.

READ MORE

Improving and Growing Your Business

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

READ MORE

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.

READ MORE

Recent Mentor Articles

Where Will Your Retirement Money Come From?

By Mark Hegstrom, Waterfront Financial Group

Tip: Retiring Older. One survey found 22% of baby boomers have found it difficult to pay mortgages or rent and have postponed plans to retire. Source: Insured Retirement Institute, 2018 For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security Social Security is the government-administered…

Read More

The Key to Business Success & Financial Independence is…Leverage

By Kelli Hoskins, Master Business Coach

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…

Read More

Study: Employees Are Financially Stressed and What it Means to your Business

By Mark Hegstrom, Waterfront Financial Group

I read in the paper today (Star Tribune, 1/1/2018: “Helping workers solve money angst”) some amazing figures.  According to the surveys that were cited, there are a considerable number – a third – of employees who feel uncertainty about money.  These folks think we will be going into a recession this coming year. This is…

Read More

Preparing Your Business for a Separation Between Partners

By Bob Halagan, Halagan Law Firm, LTD.

One of the most difficult challenges a business owner can face is when things go wrong with another partner/owner and a separation becomes necessary. Here is a checklist of the preliminary things I would look for as either your attorney or as a mediator/business counselor looking to structure your transition.

Read More

Why Retirement Readiness is Not Just a Catch-Phrase

By Mark Hegstrom, Waterfront Financial Group

Many employees are confused about retirement and are unprepared to retire on time.  According to the National Institute on Retirement Security (March 2015), 45% of working-age households do not have a retirement account of any kind (e.g. IRA or 401(k)), and the average working-household has virtually no retirement savings – only $2,500 average – when…

Read More

Changes to Minnesota Estate Tax for 2017 and Beyond

By Roben Hunter, Hunter Advisors, PLLC

The Minnesota State legislature has changed the estate tax exemption for 2017 and beyond.  The old law states that Minnesota estates that were valued at over $1.8 million dollars had to file an estate state tax return in Minnesota, with the potential payments to the State at an estate tax rate of 16%.  Under the…

Read More

Managing Relationships in a Time of Discord

By Bob Halagan, Halagan Law Firm, LTD.

There is so much noise in the air these days about all the things that separate people, the things that make us different and isolate us from one another. Everyone seems focused on their individual concerns without a commitment to the greater good. Managing employees, shareholders and business relationships can be daunting in this environment. …

Read More

Budget for Profit

By Kelli Hoskins, Master Business Coach

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 More

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

By Bob Halagan, Halagan Law Firm, LTD.

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 More