Welcome to Your Business Owner Blog Community

a community supported by Aileron.

Why An Outside Board Is The Best Thing You Can Do For Your Business

July 30, 2014

Entrepreneurs are driven by many things—among them, a passion for their product or service, a love of the process of creating something from scratch, and a desire to build a great place to work.

Perhaps one of the most common entrepreneurial motivators, though, is a desire not to work for someone else. This need for independence can be the catalyst for great companies—but it also can hinder their growth if it keeps the entrepreneur from seeking guidance from outside experts.

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Jennifer Rohren

About Jennifer Rohren

As Client Development Specialist at Aileron, Jennifer is responsible for developing and executing the strategy, systems, and processes to continually engage our clients with Aileron. In this role, she is also responsible for supporting products within specific disciplines of the professional management system, particularly serving as the main point of contact for Aileron’s outside board services.

How to Motivate Today’s “Young People”

July 24, 2014

I’m a Millennial—broadly defined as someone born in the early 1980s to early 2000s and often more environmentally and civically minded than members of previous generations.

Millennials, Boomers, and Xers each have certain defining characteristics. But each person within these groups is not exactly alike. Each individual has unique life experiences and personalities and is motivated by a range of things that may have nothing to do with their group’s sociological definition.

If each person is not exactly alike, why would we try to lead everyone in the same way? So on behalf of ALL generational groups, I say this: Spend less time viewing us through wide lenses and more time getting to know us as individuals.

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Nicole Luisi

About Nicole Luisi

As an Assistant Product Manager, Nicole is responsible for the oversight and development of the strategy and structure disciplines of Aileron’s DOC model of professional management.

Find Professional Harmony By Living In Tune With Personal Values

July 16, 2014

We’ve all seen them—the posters and plaques in company reception areas that proudly list an organization’s values, like respect, accountability, and innovation.

I wonder how often these company values reflect the personal values of the people in the organization and how often they are simply “marketing speak,” with no real connection to the priorities of the business owner and his or her team.

Unless your corporate values are rooted in what you, as a business owner or employee, believe is most important in your life, the values poster in your lobby will be nothing more than decoration and will have little bearing on the culture of your organization.

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Jonathan Wilson

About Jonathan Wilson

As an Aileron Product Manager, Jonathan is responsible for researching time tested and current best practices to continually validate or improve the designated professional management disciplines.

Why Going ‘Under Cover’ In Your Business Won’t Work

July 9, 2014

I am an occasional viewer of the CBS reality show “Undercover Boss”, because I like the concept of the owner of a business genuinely interested in verifying if in the trenches his/her vision for the business lives, if the culture he/she wants to espouse pervades the organization and if the employees are all engaged in fulfilling the mission of the enterprise.

CBS has not made me a fan of this series, for several reasons. First, I do not think that you can honestly and successfully do this investigative work with the cameras on the scene. In real life, there are no professional cameras and camera-men around to record what’s going on. Or, if there are, a completely different and interfering element comes into play. Second, I believe that singling out a few employees, addressing their issues and concerns and then lavishly throwing money at their hardships, in public and with the cameras rolling, is the wrong way of dealing with the findings of the investigation. It is unfair to the many others in the company who did not get singled out for the cameras and are likely dealing with similar hardships and unfulfilled ambitions.

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Frans Jager

About Frans Jager

Frans Jager is a retired CEO who has made a career in a number of large multi-national corporations in the field of rnanufacturing, distribution and trade of fertilizers and other supplies to the Turf, Horticulture and Landscape Industry.

Business Succession Issue: Seller Note Financing

July 1, 2014

There are varying reports regarding the number of Baby Boomer owned middle market companies in the United States.  However, there is a consensus that many of them will be for sale.  One report states that there are 83 million Baby Boomers representing the largest single sustained growth of the population in US History.  It is also stated that this generation started and grew hundreds of thousands of successful privately held businesses.  Additionally, it is reported that going back to 2011 and forward to 2029, there will be approximately 671,000 middle market businesses worth an estimated $2.47 trillion to be disposed of during this period.

Because of succession issues, finding qualified buyers will be challenging and giving new leverage to buyers.  At the lower end of the middle market, sellers will have to decide among other things, whether to ask for an all-cash offer or decide to take back a note or provide some form of seller note financing.

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Michael Kennedy

About Michael Kennedy

Michael is the founder and Managing Director of “ The ComparaDun Group”, a capital advisory firm based in Cincinnati, Ohio with a focus on middle market firms. He brings in excess of 30 years of commercial finance experience from the banking industry, having worked for several major regional banking organizations. Over his career Michael has held management positions of increasing levels of responsibility from business development officer, team leader, district head of corporate banking, district credit executive, and regional manager of community development lending. He is a graduate of the University of Dayton’s Masters of Business Administration program and a graduate of The Ohio State University, college of Business Administration.