Last weekend, the FDIC put the failing Silicon Valley Bank (and, lesser known, Signature Bank) into receivership. This marked the largest commercial bank failure since the 2008 Great Recession and the second-largest bank failure in U.S. history.... Read More
The Great Resignation, described in the Harvard Business Review as “an unprecedented mass exit from the workforce,” saw 47 million Americans leave their jobs in search of greener pastures. We heard about the ensuing imbalance and how labor shortages rattled almost every sector of our economy.... Read More
Artificial intelligence is just that, "artificial." And this two-word term is increasingly leaning towards oxymoron. Now there's "generative artificial intelligence," or gAI, which is booming amid the tech investment gloom and is simultaneously scaring the hell out of people. ... Read More
Fixing health care costs in Indiana should be top of mind for all Hoosiers. The Wall Street Journal spotlighted this critical issue, citing a Rand Corporation study that ranked Indiana as the fifth highest in hospital costs in the U.S. in contrast with Hoosier physician reimbursement as the fourth lowest. ... Read More
Deciding how and when to exit one’s company is a challenge that faces all owners. The stakes are generally high, as most owners have a substantial portion of their family wealth invested in their business. This necessitates proper preparation and advanced planning to ensure that they can eventual transition out of their business, on their own terms and timeframe. ... Read More
Death and taxes are two of life's unavoidable certainties! Though often viewed through separate lenses, in the financial world, the two are often intertwined. When an individual passes away, their estate could be faced with the prospects of estate taxes, which can be as high as 40%! ... Read More
It appears to truly be a great idea with a company culture fit. The market looks ready. It’s been bought internally to unanimous acclaim. But after an initial positive reception and an enthusiastic start to scaling up, the idea sputters and suffers a fatal voltage drop. How can this be avoided?... Read More
Business owners and leaders typically put in more than their fair share of hours to guide their companies to success. They’re also focused on making the most of the rewards they receive for that hard work. This time of year, many take time to study and adjust their personal investment portfolios.... Read More
Who do you think of as a leader? Often in our society, business executives, government officials, and coaches are called leaders. And they can be. In Central Indiana, there are great examples of leaders in all of those spaces. But visibility, status, and title alone are not what makes someone a leader. ... Read More
It’s not unusual for business owners to have healthy egos. It takes a great deal of confidence to launch and guide a business through the ups and downs. Unfortunately, egos can inflate into so much self-confidence it impedes success.... Read More
Recently, I heard from two friends about how an online fraud scheme duped them. One involved a grandmother thinking that she was helping a grandchild in trouble. The second involved providing account information over the phone to someone that falsely claimed to be working for PayPal.... Read More
Growing a company is never easy, and it’s not unusual for businesses in the post-startup stages to eye larger competitors with jealousy. Those bigger players have scaled to the point where they have deeper resources and better division of labor. How can the up-and-comers compete effectively if they can’t realistically access the same resources?... Read More
Talent is a crucial driver for our economy and regional competitiveness. Over the last year, it has become increasingly evident how imperative talent efforts are to Indy's success as a region, particularly when workforce entities unite to address hiring, promotion, and employment problems we face. ... Read More
In the early years of the technology era, computers were feared by many in the workforce. In retrospect, computers did eliminate many jobs, but for each job they eliminated, more than five were created in the technology industry. T... Read More
I recently had the pleasure of speaking with Indiana lawmakers about House Bill 1345, legislation that would make it easier for innovators and entrepreneurs like me to get their business underway and to bring great jobs to Hoosiers.... Read More
The vacation home where you spent family time growing up holds many wonderful childhood memories. What’s next for that home? Some family members may have strong feelings about keeping the property and others may be okay with moving on. So what can you do now to preserve the family memories and avoid future conflicts? ... Read More
You better think twice when you grab that “certified organic” fruit or vegetable from the produce aisle. Despite the sticker, especially if it comes from overseas, there’s no guarantee that it’s actually organic because of a lack of oversight.... Read More
You’ve seen them in your industry and your community: the names you recognize instantly, sharing their knowledge. We call them thought leaders, and joining their ranks may be easier than you expect.... Read More
In January, when Gov. Eric Holcomb announced in his State of the State address that he has earmarked $29.5 million for the development of the Monon South Trail, he did more than launch a new recreational pathway through southern Indiana.... Read More
Labor force problems will remain severe, and unmet labor needs can stifle growth. The inevitably higher costs of talent require new emphasis on making teams much more effective. Fortunately, there are ways to do this, and we need not wait for artificial intelligence and other future technologies.... Read More
