Author: Sheryl Nelson

September 2021, Business Administration, Expert Advice

Have You Done a Wellness Check ON Your Business?

Wellness well·​ness | \ ˈwel-nəs \ : the quality or state of being in good health, especially as an actively sought goal This is the definition of “wellness,” according to the Merriam-Webster Dictionary. For many of us, the term “wellness” calls to mind our well-being as humans. That is, the health of our mind, body and soul — whether it be of ourselves personally, our friends and family, our employees or, as highly publicized…

August 2021, Business Administration, Expert Advice

Taking Care of Your Business with a Little Preventive Maintenance

If you’re like me, taking care of routine maintenance on your car is at the bottom of your list of favorite things to do.  Changing the oil, rotating the tires, checking the systems. I grumble a little bit every time I have to take my car in for preventive maintenance because it’s an inconvenience and an unwelcome disruption in my day. But when I hear myself whining, I remind myself…

July 2021, Business Administration, Expert Advice

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…

June 2021, Business Administration, Expert Advice

Navigating Business Risks: Are Your Eyes Wide Open?

Risks are inherent in every business. Your goal as a business owner isn’t to eliminate every risk your company faces. Let’s be real. Business owners are risk-takers, almost by definition, so complete risk avoidance just isn’t in the cards. Instead, understand the greatest risks to your business, assess the potential consequences, identify options for dealing with them, and implement the risk management tools that make the most sense. As a…

May 2021, Business Administration, Expert Advice

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’…