Thoughts from Our Managing Partner and Other M&S Thought Leaders
April 26, 2018
Concentration risks are a threat to your supply chain. These occur when a company relies on a customer or supplier for 10% or more of its revenue or materials, or on several customers or suppliers located in the same geographic region. If a key customer or supplier experiences turmoil, the repercussions travel up or down the supply chain and can quickly and negatively impact your business. To...
April 13, 2018
Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it's not for your company, proper coverage remains a risk management imperative. But that doesn't mean you have to take high insurance costs sitting down. There are a wide variety of ways you can decrease insurance costs. Just two examples are staying on top of facilities maintenance and improving the...
March 28, 2018
Is business going so well that you're thinking about adding another location? If this is the case, congratulations! But before you start planning the ribbon cutting ceremony, take a step back and ask yourself some tough questions about whether a new location will grow your company - or stretch it too thin. Here are four to get you started: 1. What's driving your interest in another location? It'...
March 20, 2018
You've probably heard the term and wondered if it could happen to your company. Maybe it already has. We're referring to "digital disruption" - when new technologies and business models affect the value proposition of existing goods and services. Perhaps the most notorious recent example of this is the rise of ride-sharing companies such as Uber and Lyft, which have turned the taxi industry on...
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Submitted by admin on Wed, 2017-06-21 09:20