Smart Business Dealmakers

Jason Ray, co-founder and CEO of Paperless says he had some entrepreneurial stumbles along his path to building Paperless into what it's become today. In the last quarter of 2020, ITS Logistics launched an almost entirely virtual sales process that ultimately ended with its acquisition by GHK Capital Partners in mid-2021. CEO Scott Pruneau says navigating the process without bringing anybody hottimes.ru under the tent was a challenge. Blue Olive Partners Executive Chairman Ed Weinfurtner on building the family of Great Day brands. HYCU's Simon Taylor, Mintz's Kurt Steinkrauss, Health Express Urgent Care's Chris Whelan and First Republic Investment Management's Julie Rousseau on what you need to know about the personal and corporate side of readying your company for whatever tomorrow brings.

When he opened Sears’s first free-standing retail stores, in 1928, he placed two in Chicago. Asked why he needed two in one city, Wood said it was to reduce the risk of choosing a wrong location or store manager. Create the training and infrastructure that will enable nonexperts in statistics to oversee rigorous experiments. Off-the-shelf software can walk them through the steps and help them analyze results. A core group of experts can lend resources and expertise and maintain the learning library.

A Shifting M&a Market

Leadership must cultivate a test-and-learn culture, in part by penalizing those who act without sufficient evidence. If it’s a good one, you’ll learn as much by disproving it as you would by proving it. Put it to the test by measuring what happens in a test group versus a control group.

Breaking Down The Complexities Of Succession Planning

At Famous Footwear, Joe Wood and his senior management team meet with the testing head every two weeks to discuss past tests, upcoming tests, and preliminary and final results. Wood says that the company has made testing a part of management’s dialogue and the organization’s culture. Managers regularly implement new ideas without evidence to back them up.

Adi explains how she finds guests for her podcast, how podcasting helps gain new clients and grow the business, and why she works with Rise25. The more you know, the better equipped you are to handle any situation with confidence. This begins with learning the tenets and techniques of proper communication so that you can plan accordingly and prepare for any outcome. Keep up with FDIC announcements, read speeches and testimony on the latest banking issues, learn about policy changes for banks, and get the details on upcoming conferences and events. All accounting and attest services are performed by Bowers CPA Group, our affiliated registered CPA firm.

LFM Capital's Stephen Cook his view of the situation in middle-market manufacturing and how the firm is dealing with the economic pressures in that sector. The company has also built its own application, called the eBay Experimentation Platform, to lead testers through the process and keep track of what’s being tested at what times on what pages. Use software to analyze results and manage complex data from multiple test and control sites. Adjust evaluation and compensation plans for managers so that they are not negatively affected by tests.

You'll be able to identify the choices that could be holding you back, foresee industry changes that you should be preparing for now, and identify ways your business can improve. When it comes to making big decisions in business, it's essential to adopt a growth mindset. In this episode of the Smart Business Revolution Podcast, John Corcoran interviews Joe Rinaldi, the Principal at That Was Clutch, about the leadership strategies he used to save an agency going through a crisis.