The beginning of summer is a time when business leaders like you, whose daily lives involve juggling priorities and crises, might consider taking time to step back to refresh your perspective on the challenges your company faces. One way to shake up your approach is to commit to a program of reading. There are thousands of business books that claim to provide you advice. To help you get started, here are seven books that can give you new insights on where to take your company.
Few if any attributes of an emerging growth or middle market company are more important than the credentials and capabilities of its founder or CEO. For example, imagine an investment banker considering whether to take on an early stage company as a client he will try to raise capital for. Or a venture capital or private equity professional considering whether to invest in such a company. To be sure these transaction and investment professionals will look closely at the company’s positioning, its strategy to win market share, the attractiveness of its products and services, the skills of its organization. But it is their assessment of the CEO’s track record and abilities and the management team he or she has assembled that may lead them to take a chance on the company. As one partner in a private equity fund that was considering an investment put it: “If it’s a “B” plan but an “A” team, I’ll take that deal every time.”
In a prior blog post, we looked at 10 areas your business could save money. We looked at four of them in a little more depth: legal, banking, insurance, and audit expense reductions. Now we turn our focus to freight costs. The term “freight” includes a wide variety of costs: inbound and outbound, domestic and international, and all sizes of shipments that your company sends--from an envelope to a full container.
For developers of both internally-facing corporate applications and externally-facing web sites, a mobility strategy is no longer an option but a necessity. The reason is simple: mobile phones are where your audience is. Wherever you see people these days—waiting for a train, on line at the supermarket, working out at the gym—they are looking at their phones. Why wouldn’t you want to transform your marketing and communications so that you can reach and influence people via that phone in their hand?
Newport Board Group partners are participating in a number of upcoming sessions of Expert Webcast. Expert Webcast describes itself as a “digital source of expertise for the professional and business communities, locally, nationally and internationally.” Each session focuses on a single issue and brings together a panel of distinguished professionals from leading law and accounting firms, investment banks and consulting/advisory firms.
A recent piece in the magazine Walter that spotlights events in and around Raleigh, NC profiled a fast growing local startup business called Wine and Design, a “paint-and-sip” art studio franchise. The piece tells the classic story of an entrepreneur, Harriet Mills, who has taken her company from a single location to 55 franchises in nine states.
The following is an excerpt from an article from AllBusiness.com by Michael Evans.
Kinky Boots, the currently touring popular Broadway musical, is based on a true story. When I saw it recently, I was not only entertained by an engaging, heartwarming story. I was also struck by an uncanny parallel to the real world of middle market companies that the firm I am part of, Newport Board Group, is involved in every day.
The following is an excerpt from an article from AllBusiness.com by Jeff Bernel and Michael Evans.
To stay in business and have a chance to generate wealth for themselves, most entrepreneurs have to be good negotiators. They have the most to gain or lose in any deal, are calculated risk takers, have the vision of what their company stands for and also have an innate sense of how to be creative and structure a deal. But most importantly, they have high aspirations and the drive to expect more out of every transaction. Their egos and financial well-being demand they deal astutely and get as much as they can from each exchange. When the company is starting out, they’re the ones responsible for negotiating with vendors, customers and service providers alike. They pre-set a high bar for results—a key piece of the culture of the firm they are trying to build.
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