Center for Private Company Excellence Blog

2 Techniques to Mitigate the Sunk Cost Effect in Your Business

November 15, 2019

Making decisions in business can be difficult not only because they require judgment, but because you’re fighting the sunk cost effect, which is the psychological tendency to maintain the status quo once you’ve devoted time, energy, or money to an endeavor.View

Is an ESOP The Right Transfer Strategy for You and Your Private Company?

November 6, 2019

As private company owners deal with the succession and transfer of their businesses, we are seeing an increasing interest in using an employee stock ownership plan (ESOP) as a transfer strategy.View

The Impact of the Wayfair Decision on Remote Sellers

October 25, 2019

By now, most businesses have hopefully heard of the Wayfair decision rendered by the U.S. Supreme Court. For those who have not, or who might have dismissed the decision as not applicable, the Wayfair decision basically rewrote the definition of nexus for sales tax purposes.View

How to Identify Personality Types to Build an Effective Team

October 1, 2019

Building teams and creating a collaborative environment are a routine part of today’s business structure. So why do some teams work and others fail?View

Doing Less Can Add More Value to your Company’s Growth Strategy

September 30, 2019

Growth at a business and personal level is one of the key ingredients for success. However, many companies pursue any type of growth solely for growth’s sake, which is a mistake.View

How to Retain Your Family Business as an Investment as an Alternative to Selling

September 16, 2019

Families are often torn about the long-term fate of their family businesses.View

Evaluating and Managing Risk – Critical But Often Overlooked

September 13, 2019

One of the most important responsibilities of a leader is to evaluate and manage the risk within an organization. Unfortunately, this task is often either ignored or given minimal attention.View

Consider the Exiting Owner’s Emotions in a Private Company Transition

September 6, 2019

In a private company transition, one of the biggest issues is the pace at which the owner or exiting shareholder steps out of the business.View

11 Do’s and Don’ts of Succession Planning

August 29, 2019

An ideal succession plan enables a smooth transition, minimizes disruptions to the business, and incorporates the following do’s and don’ts to achieve an effective plan.View

Know When to Ask a Business Advisor for Help

August 20, 2019

Here are three common events a business owner may encounter that warrant the expertise and experience of an independent business advisor.View