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

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…

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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…

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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. …

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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…

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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…

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Be on Your Guard for Slips and Falls all Winter Long

By Gary Sorenson, Insurance Brokers of Minnesota

People in Minnesota don’t have the luxury of staying inside when the temperature drops below zero or there’s a foot of fresh-fallen snow on the ground. It’s easy to get develop a routine – bundle up in your parka, boots, hat, gloves and scarf before heading out the door. This routine may protect you from…

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Better Late Than Never

By Roben Hunter, Hunter Advisors, PLLC

Governor Mark Dayton recently signed tax legislation that retroactively conforms most state corporate and personal income tax provisions to the federal changes that have been enacted since December 31, 2014. Two provisions that did not change to the federal provisions, however, were bonus depreciation and IRC Section 179 depreciation.   There will continue to be differences…

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Healthcare Costs in Retirement

By Mark Hegstrom, Waterfront Financial Group

American workers are split about 50/50 when asked if they are confident they will have enough money to pay for medical expenses in retirement. In a 2015 survey, 42% of all workers reported they were “not too” or “not at all” confident they would have enough money to pay for their medical expenses in retirement.…

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The Top 11 Reasons Accountability Eludes Your Organization

By Kelli Hoskins, Master Business Coach

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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