Monday, October 17, 2016

Should I Stay or Should I Go?

You're a CEO.  How do you decide whether to give an employee a raise or lay them off?  The article below reveals the arithmetic companies typically use to access employees' value.  Just remember, value and compensation are inextricably connected.

Read more:  I'm a CEO -- Here's How I Decide Whether to Give You a Raise or Lay You Off

Monday, October 10, 2016

In Building a Business, Keep It Honest

Jessica Alba (pictured), founder of The Honest Company, may have earned her first fame and fortune on TV and in blockbuster films over the past decade, but her true talent seems to lie in building a business.

Unilever started to express interest in buying The Honest Company, Alba’s five-year-old purveyor of plant-based diapers, organic dishwashing detergent and other “green” household products, but ended up acquiring Alba's rival Seventh Generation for as much as $700 million.

But the fact a multinational conglomerate would consider buying Honest is being cheered as a victory for women entrepreneurs. After all, Alba and her company may have turned down a 10-figure offer for their baby.

Read more:  Billion dollar baby:  Jessica Alba's Honest Company is her real entrepreneurial star vehicle

Monday, October 03, 2016

Where the U.S. Candidates Stand on Business Ownership Issues

Karen Kerrigan (pictured), president & CEO of the Small Business & Entrepreneurship Council, says:
"Entrepreneurs are critical to getting the economy back on a strong growth track, and successfully starting and growing a business is an important path that helps individuals achieve financial security and prosperity. Small businesses are responsible for the bulk of job creation, and their innovation and dynamism is what makes our economy so unique from the rest of the world." 
In the article below, she outlines the candidate's known or new positions on taxes and tax reform, health care reform and Obamacare, regulation and regulatory reform, trade, immigration, and energy.

Read more:  So, where do the candidates stand on small business issues?

Monday, September 26, 2016

Why Diverse Teams Perform Better

According to Harvard Business Review, "diversity — both inherent (e.g., race, gender) and acquired (experience, cultural background) — is associated with business success."

Find out why.  Diverse Teams Feel Less Comfortable -- and That's Why They Perform Better

Monday, September 19, 2016

Follow Your Heart For Your Next (Ad)venture

Birchbox co-CEO Hayley Barna (pictured) decided to walk away from the influential beauty-subscription-box startup that she cofounded in 2010 (she remains on the company’s board).  Why? She says:
"I loved it, but it turned out the beauty industry is not my lifelong passion. It’s [exploring] innovative business models."
You never know where your next adventure will take you.  Follow your heart.

Read:  Birchbox Cofounder Hayley Barna On New Ventures, Glamping, and Her Filthy Fridge

Monday, September 12, 2016

13th Annual WPO Chicago Summit a HUGE Success

We were delighted to have the following speakers at our 13th Annual WPO Chicago Summit held on Thursday, September 8th and hosted by Foley & Lardner.
  • Paul Leinwand, PricewaterhouseCoopers Advisory
  • Sandy Marsico, Sandstorm Design
  • Joanna Sobran and Karen Burneister, MXOtech
This year's theme was Create a Winning Business Strategy and all speakers knocked it out of the park on substance and delivery.

Thank you to all who participated and until next year's Summit, keep growing!

Photo credit:  ©Laurel J. Delaney.  All rights reserved.

Monday, September 05, 2016

From Homelessness to Running a Multimillion Dollar Enterprise

For more than a year Arlan Hamilton (pictured) had been pursuing her dream of starting a venture capital fund focused on female, minority, and LGBT entrepreneurs. But she realized early on that it is tough to get a fund going when you don't have any money to invest.

For months, she'd been homeless, making ends meet in whatever away possible, when she finally got the oxygen she needed:
"I'm in," read the text from Susan Kimberlin, a tech veteran who made a name for herself at Salesforce and PayPal. Kimberlin was ready to bet on Hamilton to bring more diversity to tech--and her check was the lifeline Hamilton needed to get Backstage Capital up and running.
Read more:  How This Woman Went From Homelessness to Running a Multimillion-Dollar Capital Fund