Business owners spend countless hours attempting to grow and maximize the value of their companies. Few, however, create a plan to extract that value in an orderly and predictable process. Failure to create a comprehensive succession plan will, at best, ensure that money is left on the table when the business is sold or otherwise […]
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In these challenging economic times, companies are looking for ways to reduce expenses and conserve cash. One increasingly popular way to do so is to outsource work to independent contractors, rather than hiring additional employees. Structured properly, these consulting relationships can add tremendous value to your business. Structured improperly, these relationships can bring about disastrous results. One […]
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Running and growing a business is always a challenge. In today’s market, that challenge has only intensified. Business owners have been forced to confront new issues and greater competitive pressures in an effort to weather the economic storm. How can businesses not only survive, but thrive, during these unprecedented economic times? Snell & Wilmer invites you […]
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Successful businesses understand that innovation is a process, not a one-time event. A company’s products, services and customer experience must continue to evolve throughout the venture’s lifecycle. Most of us, however, believe that innovation and creativity have to be in your DNA. If you are not born with that gene, you are simply out of luck. In […]
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It’s not easy being an employee these days. The ongoing downturn has brought layoffs, salary cuts and benefit reductions to virtually every industry. Even those who have not been personally affected must contend with an uncertain economic future, and the fear and stress that such uncertainty breeds. Little wonder that employee morale is at an all-time […]
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