Advice

Most businesses today would love to have a vibrant, well-oiled internship program delivering value and building talent. In reality, most business leaders don’t have the time or capacity to manage an internship program, whether it’s paid or unpaid.

Many firms are reaping the rewards of the use of consultants, according to Statista.com, as annual revenue growth of the management consulting services industry is $1.321 billion and 9.1% annual revenue growth is the average of management consultancies worldwide from 2015-2021. Though the industry is growing and consultants are in demand, there are potential drawbacks for companies.

Christine Boutin of Worcester law firm Fletcher Tilton offers her advice on long-term care planning.

It is no longer an added benefit to have and sustain a diverse workforce; it is a necessity in our ever-growing, ever changing national and global economy.

In this first of a two-part 101, we look at the advantages and disadvantages of using consultants in your company on a contractual basis.

It may be every small business owner’s dream: attract the attention of a major company and get acquired for millions of dollars. But before too many dollar signs start dancing in owners’ heads, they need to take some critical steps, or else their business dreams could easily turn into nightmares.

The federal government responded to the failures of SVB and Signature Bank by wiping out their shareholders and replacing their management. Those moves punish the appropriate parties without creating the moral hazard of incentivizing risky behavior in the future. 

Without organizational design, where the administration and execution of that plan happens (the magic, essentially), your plan never comes to fruition.

Content marketing: You can think of it as a blend of three elements: advertising, branding, and thought leadership. Advertising is about selling. Branding is about projecting a personality and set of values in all you do. Thought leadership is about sharing knowledge.

Tips from Gicelle Brito, the vice president, business development officer for Workers Credit Union of Littleton, on keeping a small business running.