Category: May 2021

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’…

May 2021, Marketing

Unleashing Personal and Organizational Exceptionalism

Remember back to when you were in school and brought a grade card home.  Let’s say you had three A’s, a B and a C+. Now, imagine the conversation you knew you were about to have with your parent when you got home. Where was the conversation likely to go? What were you told to focus on?  For most of us, the conversation quickly went past the A’s and the…

May 2021, Accounting

The Pros and Cons of Hiring Contractors vs. Employees

When you’re ready to expand your business and grow your team, you generally have two options for increasing your workforce: hiring employees or engaging independent contractors.  Both options have pros and cons, and determining which is right for your business comes down to your individual needs and preferences. Keep in mind, the U.S. Department of Labor (DOL) draws strict distinctions between these two groups, and you could be heavily fined…