About: Ian Erickson

Profile
Ian Erickson, MBA is a business professional, with several years of experience in applied research and insight.

Posts by Ian Erickson:

Why External Auditors are a Good Investment

As a small business owner, you have enjoyed an up-close view of your organization. Starting entirely on your own, or with a very small number of people, you have been able to closely manage various responsibilities from business development to operations to accounting. Initially, this was simple due to the highly integrated nature of a small business.

However, as your company grows, you may wish to consider the advantages of using an external auditor. Different from an IRS auditor whose main focus is to look for errors, an external auditor is someone outside of your company who analyzes and assesses the way you run your business in order to improve it.

 [···]

Read More

When to Partner and When to Direct | Extraordinary Business

When to Partner

For you, the small business owner, short-term projects can be excellent opportunities to grow the company while honing your team’s professional skills. However, they can also be nightmarish exercises in stress for you and your staff. Often, they are some combination of the two.

If this challenge was not daunting enough, as the owner of a growing company you will occasionally have to decide between listening to your staff members’ offers of advice in order to direct certain aspects of the project and asserting a more “top-down” approach in which you allocate responsibilities while offering your staff fewer options. Each approach is appropriate at certain times, and you need to know when to implement each.

 [···]

Read More

When to Partner and When to Direct | Extraordinary Business

When to Partner
For you, the small business owner, short-term projects can be excellent opportunities to grow the company while honing your team’s professional skills. However, they can also be nightmarish exercises in stress for you and your staff. Often, they are some combination of the two.
If this challenge was not daunting enough, as the owner of a growing company you will occasionally have to decide between listening to your staff members’ offers of advice in order to direct certain aspects of the project and asserting a more “top-down” approach in which you allocate responsibilities while offering your staff fewer options. Each approach is appropriate at certain times, and you need to know when to implement each.
 [···]

Read More

Blood Is Thicker Than Water | Extraordinary Business

Hiring family members
Over the last few years, your friends and especially family have watched you work the necessary long hours, including nights, weekends, and even holidays to ensure the business you started continues in its success. As they see your business grow, some of those same friends and relatives will begin to offer their assistance as an employee, contractor or even partner.  Likewise, you may start to look at those close to you as possible assets and even heirs to your company. The classic proverb states, “Blood is thicker than water,” and sometimes it is also a smarter job hire.  Unfortunately, sometimes it is not.
 [···]

Read More

Blood Is Thicker Than Water | Extraordinary Business

Hiring family members

Over the last few years, your friends and especially family have watched you work the necessary long hours, including nights, weekends, and even holidays to ensure the business you started continues in its success. As they see your business grow, some of those same friends and relatives will begin to offer their assistance as an employee, contractor or even partner.  Likewise, you may start to look at those close to you as possible assets and even heirs to your company. The classic proverb states, “Blood is thicker than water,” and sometimes it is also a smarter job hire.  Unfortunately, sometimes it is not.

 [···]

Read More

All For One and One For All? When To Involve Multiple Departments In A Single Project | Extraordinary Business

Department meeting at office
Since starting your own business, you have acquired much insight into management and prudent, effective growth. By way of your own decision making, as well as executing advice from consultants and staff members alike, you have overseen your company’s successful transition from a single person sole proprietorship to a small but expansion-minded company, which includes several junior partners. However, success brings with it new challenges, and one of which you are sure to face as your team grows, is the question of when to integrate different departments on specific projects.
 [···]

Read More

All For One and One For All? When To Involve Multiple Departments In A Single Project | Extraordinary Business

Department meeting at office

Since starting your own business, you have acquired much insight into management and prudent, effective growth. By way of your own decision making, as well as executing advice from consultants and staff members alike, you have overseen your company’s successful transition from a single person sole proprietorship to a small but expansion-minded company, which includes several junior partners. However, success brings with it new challenges, and one of which you are sure to face as your team grows, is the question of when to integrate different departments on specific projects.

 [···]

Read More

New Steps for New Year: Prioritizing Steps for Growth in 2016 | Extraordinary Business

2016 Calendar Target Showing Year Planner And Schedule
Over the past few years, you have committed a great deal of time and money to developing your small business. By reinvesting your business’s profits back into the company and keeping a close eye on the often unstable US economy, you have made strides in creating a profitable enterprise.
However, as a seasoned entrepreneur you are also aware that the only way to persevere is to continue to grow. The question is not whether you will grow; it is how to grow without overextending your investments or making other costly mistakes. Having a clear understanding of the landscape in which you intend to increase your business will clear the path for successful growth in 2016.
 [···]

Read More

New Steps for New Year: Prioritizing Steps for Growth in 2016 | Extraordinary Business

2016 Calendar Target Showing Year Planner And Schedule

Over the past few years, you have committed a great deal of time and money to developing your small business. By reinvesting your business’s profits back into the company and keeping a close eye on the often unstable US economy, you have made strides in creating a profitable enterprise.

However, as a seasoned entrepreneur you are also aware that the only way to persevere is to continue to grow. The question is not whether you will grow; it is how to grow without overextending your investments or making other costly mistakes. Having a clear understanding of the landscape in which you intend to increase your business will clear the path for successful growth in 2016.

 [···]

Read More