Legal Blog

Biz Tek Today: Managing Co-Leadership and Identifying a Clear Chain of Authority

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With the elections this week, leadership is on the front of most people’s minds. But co-leadership (see article 1); I don’t think I know any companies that have formally adopted a co-leadership platform. However, I wonder, because I see it often, how many companies have a multiple leader platform (and by leadership I mean the top decision makers, CEO, etc.) by accident? I often see businesses that are owned by multiple persons where each owner is a “leader” in the business. If not carefully managed, this “default co-leadership” platform can cause chaos, inefficiency and havoc with your staff, customers, etc. Be careful to identify a clear chain of authority in your business.

Entrepreneurship

A Guide to Co-Leadership: Why It’s Good, And How to Make it Work Tech Crunch In September Larry Ellison stepped down from the Oracle and appointed a co-CEO pair as his successors….. READ MORE 21 Ways to Achieve Wealth and Success Business Insider In his book, “Rich Habits — The Daily Success Habits of Wealthy Individuals,” Tom Corley outlines several habits that distinguish the wealthy from the nonwealthy….READ MORE 3 Current Major Issues Impact Small Business Journal Gazette Small- business owners have their fair share of issues they need to stay on top of. These days they can add three more to the list…..READ MORE 10 Bullsh** Excuses Made by Entrepreneurs Who Resist Success Huffingtonpost A funny thing about success, and wealth creation, is that the majority of people don’t actually want it….READ MORE

Technology

Is Your Logo Making the Best Impression for Your Small Business
Constant Contact Blog
Before your customers know anything about you, they’ve probably seen your logo. What do people say about first impressions?….READ MORE Here is what Hackers Do with Your Data Business Insider The past few weeks have seen a flurry of hacker activity. From the leak of celebrity nudes to the 200,000 Snapchat photos stolen and posted on 4chan, to the most recent infiltration of Dropbox…..READ MORE How Technology Can Help Work/Life Balance The Wall Street Journal They’re convenient. They let us work anywhere and anytime. But they also play on our anxieties and insecurities ….READ MORE The Ten Best Accounting Apps for Small Business Owners Who HATE Bookkeeping Business2Community Wow, it seems like there are a million small business accounting apps on the market, with more coming out all the time. In fact, many of them are great…READ MORE

Transactions

Corporations Conduct More M&A as Confidence in Economy Grows The Middle Market The stage is set for strategic buyers. Uncertainty over macroeconomic issues may have dimmed the corporate lights on M&A plans in previous years…READ MORE Mergers & Acquisitions: A Personal Interest in Compliance National Law Review Officers, executives and managers have a very personal interest in assuring that compliance efforts with U.S. federal, state and local law are effective—depending on the issue in question, noncompliance may expose the individual to personal liability….READ MORE 5 Things You Need to Do Before Selling Your Company Entrepreneur After five, 10, 15 years–what’s the best time to sell my company?.…READ MORE

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Signup Biz Tek Today (BTT), is a online resource for entrepreneurs. BTT recognizes that you are a busy leader in business and that finding time to identify and read relevant news for your business is challenging. BTT seeks to lessen this burden by regularly gathering the best of the best news articles from a host of national media and industry sources and delivering them to you in one convenient email Mike_Mercurio_WebsiteNEWMichael N. Mercurio, Chair Business Law and Transactions mmercurio@offitkurman.com | 301.575.0332 www.michaelmercurio.net  Linkedin | Read|Delete | Connections |   ©2014 Michael N. Mercurio, Offit Kurman, Attorneys At Law. All rights