John Venhuizen is the Chief Executive Officer of Ace Hardware, which is the world’s largest retailer-owned hardware cooperative.
Growing up in Kansas in a community of farmers, Mike Skillman would have described himself as an average guy. The one thing that he had going for himself was a well-developed worth ethic. “I started raking hay by the age of seven. At the end of the summer, grandpa paid me $75, and I thought […]
A Passion for Pizza and People Tell us about your career with Domino’s, when it began and when you took over as CEO. I’ve been here seventeen years. I joined in 1997 and became CEO in early 2010. What was your educational background before you entered the business world? I completed my undergraduate at the […]
Patrick Finn is an entrepreneur who came to the United States as an Irish immigrant with skills in the construction trades. Like so many other immigrants before him, Patrick decided that the path to a better life for himself and his family was to create his own business from the skills which he possessed. Patrick […]
Dave Alwan’s grandfather opened a grocery store in Peoria, IL in 1947. Like so many families who own a small business, Dave grew up in the family business. As a teen-ager Dave learned the business behind the counter by wearing a white butcher’s coat and cutting up stew meat by hand. And, there is no […]
Thesis Painting is like many other small businesses—it was built on the skills of family members. Angelo Spyridakis came to America as a Greek immigrant who worked as a painter with his father and brother. But Angelo didn’t have the goal of making it in America simply as a craftsman with a job—he had the […]
Whether you are the owner of an IT consulting firm that employs a few hundred people or a boutique owner that personalizes holiday gifts, the chance of being audited by the Internal Revenue Service (IRS) is increasing. Managing your company through these economic times is difficult, but an IRS audit has the potential to take […]
Selling a business has its pros and cons —you’ll probably have more money than you’ve ever had before (unless you’ve sold other businesses), but you’ll be sharing some of your profits with the government.
How the Cloud Can Help to Build an Attractive Business in 2015 The cost of technology has never been more appealing than it is now, especially for small businesses. The traditional belief was cloud-based web tools and automation software are best reserved for enterprises, and that these tools are too costly and their capabilities are […]
No matter the product, service or industry, mission, or corporate philosophy, nearly every business is bottom line-driven. As well, there is no shortage of ingenuity as to how companies try to glean more profit out of existing processes. Every so often, a new technology emerges that radically changes the productivity landscape and industry’s related profitability […]
I was seated next to Sharon, the SVP, when she explained that Bob, a junior level executive had “gotten away” with challenging her boss, the COO’s, ideas. Sharon gave a play-by-play recount of the conversation and then explained, “When Bob started to challenge him, I was really afraid for his career, but Joe (the COO) […]
When launching a new business venture, the type of business entity you choose depends on your business goals. If an initial public offering (IPO) is in your future, a C-corporation is the best choice. If the IPO is a far-reaching goal, you might want to consider an S-corporation election, especially if an outright sale becomes […]
It’s Right in Front of Your Nose When it comes to human capital, employers tend to undervalue some of their richest assets: experienced and self-effacing older and loner-type employees. And when those employers feel layoffs are required, these underrated employees are often the first to go. What a waste. For one thing, companies often make […]
Ask any American business owner about the everyday challenges they face in management, and employee motivation and alignment will come up early in the conversation. In the midst of facing challenges such as disengaged workers, employees feeling purposeless in their jobs, and plateaued worker skillsets, managers are also bombarded with the latest collaboration tools, engagement […]