Expanding Business Opportunities Through Equipment Financing

By Todd Williams, Executive Vice President, Chief Credit Officer, Fidelity Bank

In today’s modern market, it’s important for business owners to maximize their potential and make wise financial choices in order to achieve growth. Whether it be machining tools, bindery and printing presses, or the latest technology systems, some businesses rely on specialized equipment to carry out daily operations. Whatever the need may be, equipment financing can be the best solution to fulfilling that need.

Protecting Your Business: Fraud From Within

Written by Cassandra Elgersma, Manager of Forensic Accounting, SDK CPAs

As a small business owner, it’s prudent to assess the possibility of internal fraud and consider it in your approach to protecting your business. When those small businesses are victims of fraud, they lose the same median amount as all the other large businesses. That’s why it’s all the more critical that a small business be prepared, and work to stop things before they start.

Top Tips for Hiring Manufacturing Talent

Written by Marni Hockenberg, President of Hockenberg Search

Has your company lost out on great candidates to your competition? Do you have trouble attracting top talent? You are not alone! Today’s top manufacturing candidates are sophisticated buyers. Hiring managers would do well to put on their sales & marketing hat to develop a strategic plan to acquire and retain the best talent.

Cyber Security: Not a Set It and Forget It Practice

By Brent Morris, Vice President, SUCCESS Computer Consulting

Security is not something you review every now and then. It should be a regular and ongoing part of your IT planning and review, as well as your business’ strategic plan. Why invest all your time and efforts in planning how to grow your business only to see those plans foiled by a potentially preventable breach? Fortunately, there are several basic steps that can be taken to protect your business.

Your Employees May No Longer Be Exempt from Overtime Pay Come December

By Leonard B. Segal, Partner, Seiler Schindel Segal

Do you currently have employees exempt from overtime pay? On December 1, 2016, this may no longer be the case for a number of your employees. In May of this year, the United States Department of Labor (DOL) published its long anticipated new federal overtime rule that is used to determine which white collar employees are exempt from overtime pay under the Fair Labor Standards Act (FLSA). According to the DOL, 4.2 million people will be eligible for overtime pay under the new rule. Of those, nearly 79,000 are Minnesotans.

Six Key Elements to Help Maximize Your Business Value

By Paul Cronin, Sr. Business Advisor, Resultants For Business

Why do so many people get into business ownership in the first place? For many of us, it's to live life on our terms and it's for financial freedom. For many business owners and entrepreneurs, part of their successful dream is to build a company that is worth peak value. But how can we know when or if we hit that valuable business stage? Successful business owners understand that value is driven by the overall structure of the business, and they build their business with the framework, discipline and tools historically known to make companies great.

Inspire and Retain Top Talent with Supplemental Compensation Plans

Written by Jeffrey Waldron, JD, LLM of Architrave Partners, LLC

The noble goal of most business owners is to build an enterprise of enduring and transferable value. One of the most important components to building your enterprise is retaining and inspiring your key employees. There are likely a handful of employees that are so essential that their departure would have a significant negative impact on your business and could threaten your enterprise value. This article covers five benefits of implementing a Supplemental Compensation Plan for your key employees.

Tips for Buying and Managing Multi-Family Real Estate

Written by Bryan Haines, Vice President, Commercial Real Estate

Owning multi-family real estate has historically proven to be a sound investment, and it continues to be, even with the changing economic environments. However, buying and holding multi-family real estate as an investment is a business—in order to be successful, you need to approach it as you would any other business venture. You should have a business plan that analyzes your strengths, weaknesses, opportunities, and threats. Without developing a sound plan, you open yourself to unnecessary risks down the road.

The Pros and Cons of ESOPs

Intellectual Capital Connection (11/2015)

Featured Author: Chris Staloch
The number of Employee Stock Ownership Plans (ESOPs) has expanded greatly since they were formally established as qualified retirement plans in the U.S. in 1974.

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Vacation and Sick Leave Policies: Time for a Change?

Intellectual Capital Connection (11/2015)

There are no federal requirements — yet — for employers to provide paid leave to employees. Still, many businesses offer paid vacation and sick leave as part of their benefits package, and a few states and municipalities mandate paid time off.

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Are You Hiring the Best People?

Intellectual Capital Connection (11/2015)

Want to get a better sense if prospective employees are a good cultural fit?

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Managing Your Aging Receivables

Intellectual Capital Connection (10/2015)

Whether you decide to manage collections internally or outsource to an agency, effective management of your company's accounts receivables is crucial to maintaining positive cash flow for your business.

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Tame Your Tax Bill

Intellectual Capital Connection (10/2015)

Tax time is just around the corner. Because tax rules may change from year to year, it's wise to stay abreast of potential tax deductions and credits. If you know where to look, you can find ways to ease your tax burden.

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CNBC Ranks Minnesota the Top State for Business

Intellectual Capital Connection (10/2015)

Minnesota is America's Top State for Business in 2015, according to CNBC.

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Leveraging Trends to Win Business

Intellectual Capital Connection (09/2015)

What are the trends in large companies that you can capitalize on to increase your chances for success in this economy of slow growth?

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Better Business Through Financial Analysis

Intellectual Capital Connection (09/2015)

Savvy business owners who understand financial analysis and its inherent importance often enjoy improved revenue and greater profits. These companies experience greater success than companies not so adept at financial literacy.

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7 Ways to Help Avoid a Data Breach

Intellectual Capital Connection (09/2015)

If it seems the need for cybersecurity is growing, it is. Data breaches increased 23% in 2014, and it's not just well-known businesses getting hit.

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Minnesota State Profile

Intellectual Capital Connection (09/2015)

State job growth rose 1.5% in July 2015 from a year ago; national job growth rose 2.1%.

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Guarding Against Business Email Compromise and Wire Transfer Fraud

Intellectual Capital Connection (08/2015)

For years, checks have been at the center of fraud schemes. Whether counterfeit, altered or used in conjunction with lottery and sweepstakes schemes, checks have been the instrument of choice. Until now.

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ACA Update for Employers

Intellectual Capital Connection (08/2015)

Are you up to speed on the Affordable Care Act (ACA)? Find out what employers need to know about rules and regulations as they continue to unfold.

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