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Business Valuation Basics: What’s the Difference Between a Business Valuation and a Market Appraisal?

Assessing all aspects of a business, from tax liability to property assets to brand reputation, can show the company’s true value.  Business valuations and market appraisals are the best ways to determine this value. However, these two evaluation methods have some differences to be aware of. Business Valuation Vs. Market Appraisal Business valuations and market appraisals have the ...
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Avoiding Pitfalls of Family Dynamics During Succession Planning

Succession planning for any business can be a delicate situation, but especially so for family-owned businesses. There are a lot of things that go into the process that can make things complicated and even ruffle some feathers, but within a family unit, there are specific challenges one might face.  Family dynamics can shift with any significant ...
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5 Reasons You Need a Business Valuation

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How much is your business worth? The best way to answer this question is to leverage outside expertise and get a business valuation. Business valuation refers to the process of estimating the economic value of your business. While different techniques and focus areas exist, the purpose is typically to paint a comprehensive picture of your business ...
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The Value of Good Stress

Your pulse quickens, your palms start sweating, and your breathing becomes difficult. We’re all familiar with the symptoms of stress, and for many professionals, stress is a common side effect of balancing a busy work schedule with the obligations of family life. While high levels of stress can be a cause for concern, it’s also possible ...
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The Four Types of Organizational Culture (With Examples)

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When it comes to business success, implementing the right organizational culture is vital. There are different types of organizational culture that you can choose, and each one will help shape your company as it grows over time. The financial success and customer and employee happiness are heavily influenced by an organization’s culture, regardless of the ...
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What Is the Difference Between Strategies vs. Tactics?

As a business owner, you know that having a solid plan is crucial for success. Besides keeping everyone on the same page, planning sets a direction for your business, ensuring consistent results that align with your long-term vision. When developing a business plan for the future, you’ll likely combine several elements that differ in purpose and ...
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Examples of Productive Leadership Goals

Leadership goals help you define your intentions and create guiding principles to steer your team and organization toward success. Goals give you structure to prioritize specific tasks, ensure all decisions align with your purpose, and assess your progress regularly.  Goals ensure you continually take strides toward improving the organization, serving as your roadmap to achievement. Why You ...
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Overhead Expenses: What They Are, How to Track Them, and Top Strategies for Managing Them

As a small business owner, managing your organization’s finances is one of your key responsibilities, including meeting your business’ financial obligations. These obligations include the ongoing expenses related to your day-to-day operations. These costs are known as overhead expenses and represent the true cost of running your business. At Catalyst Group ECR, we often see business owners ...
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Leaving Your Mark: Leadership Legacy Examples

The legacy you leave behind when you’re no longer part of leadership isn’t just about your accomplishments and accolades. It has to do with how you approach any and all issues that fall in front of you. In the modern business world, leadership legacy is all about moving towards sustainable success. It’s important that companies begin ...
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 6 Traits of a Growth-Minded Leader

When Carol Dweck’s team studied the differences between companies and the predominant mindset of that business’s leadership, the results were nearly unanimous. A Harvard Business Review article summarizes them nicely:  “…Employees at companies with a fixed mindset often said that just a small handful of ‘star’ workers were highly valued. The employees who reported this were ...
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