We face a serious challenge to our economic future. Our skills gap is quickly changing into a body gap. Wisconsin addresses the skills gap as well as anyone in the country. Unfortunately, all of this effort will not be enough to overcome changing demographics. A shrinking workforce will require companies to improve productivity by almost 30% in order to maintain our present lifestyle. Making this transformation requires a new integrated approach, centered on three Ts: talent, technology, and techniques.
The Squire of the Stately Manor is in a most royal funk precipitated by the most dismal election since Nixon v. McGovern, and the betrayal of his erstwhile allies in another venture that may be chronicled at a later date. (You know who you are.)
Bond yields are at historical lows. Some global (including U.S.) equity valuations are subjectively at historically high valuations (subjective meaning there is some varied opinion here). It’s impossible to know what this means in the short-term. It’s also very difficult to exploit in the short-term. The long-term historical evidence though suggests when valuations trade at high levels, future returns may be lower.
Whether it’s new companies raising money, established firms moving to the next stage, or investors reporting strong returns, there have been some solid harbingers for Wisconsin’s early stage economy in the past month or so.
The ins and outs of providing breaks at work for employees might seem obvious, but there are some things to consider before you find yourself with bigger problems than hungry workers with rumbling stomachs. Here are two frequently held beliefs, or myths, about employee breaks and the truth about what's required of you, the employer.
While mindfulness might seem soft or indulgent, it’s vital for leaders today. Practicing mindfulness provides exactly what’s needed to persevere and thrive in this global, 24/7, hyper-competitive business environment.
I marvel at old trees. Especially the giant oaks we have around the Madison area. I’m lucky because I get to see them in the country when I’m out biking and also when I’m walking around town.
According to Wikipedia, business networking is “a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create or act upon business opportunities.” It is all about people and opportunities, meaning it is not about going to a networking event with your colleagues and visiting with the same people you work with every day. Rather, it is about solidifying existing connections and making new ones, as well.
Here’s a little survival tip for consultants. Do NOT suggest that a middle market company adopt a new procedure. No one likes new procedures. By extension they do not like consultants who bring up new procedures.
For any entrepreneur, owning your own business is something you’ve always dreamed of. And to have the opportunity to achieve that goal with your best friend (and in this case, brother) is the cherry on top of the sundae. What you don’t plan for is to watch that sundae melt away on the sidewalk outside your office.
I used to be a very, very minor rock star. Despite my distinct lack of talent as a drummer, our band, Myopic Son, had the opportunity to play Summerfest, the Hard Rock Café, dozens of colleges, and hundreds of other gigs around the Midwest.
After much anticipation and speculation, the final regulations changing the salary basis test for determining exemption status have arrived. Among other changes, the final regulations have more than doubled the amount that employees must minimally be paid in order to be considered exempt. This is no small matter, as it is anticipated that millions of currently exempt employees will be affected.
When you’re starting out as a small-business owner, gaining or losing even one client can mean big changes for you.
A few business friends have told me they are still dealing with the aftermath of the recent Great Recession. Some are redefining their strengths and weaknesses and working on strategic plans for reinventing their companies. Others are looking for ways to partner with other, noncompetitive companies so both can offer products and services that will separate them from their competition.
Wisconsin’s interstates are neither decorative nor frivolous. A well functioning I-94 or I-90 is not akin to getting granite countertops or adding a sunroom as some have suggested.
In its Technology Vision 2016 report, Accenture predicts that 25% of the world’s economy will be digital by 2020. The global consulting firm contends that we are witnessing a major technology revolution, specifically a digital revolution. It’s a revolution of emerging “digital platforms” comprised of cloud services, artificial intelligence, cognitive computing, predictive analytics, and intelligent automation.