Author: Sheryl C. Nelson

July 2021, Business Administration

Delegation of Authority: The Business Owner’s Secret to Empowering Employees and Finding More Time in the Day

The business and affairs of a corporation are managed by or under the supervision of a board of directors or, in the case of a limited liability company, by the LLC members or a board of managers. A “board” may consist of a single director or manager, as is frequently the case with a small business in its early stages where the founder might be the sole board member and…

May 2021, Business Administration

Unread Contracts Get Revenge Without an Effective Contract Administration Process

Contract administration or contract management refers to the processes and procedures businesses need to manage the negotiation, execution and ongoing management of their contracts with customers, vendors, contractors and consultants. An effective contract administration or contract management process is a “must have” for every business, regardless of size.  We’ve touched before on the desire for contracts to be balanced in their terms and reasonable and clear when describing the parties’…