The Upper Midwest's most seasoned experts at solving complex business challenges take turns talking about what's most important to focus on in the Covid-economy, while sharing a few examples of how current and recent clients turned their greatest challenges into successes. Minnetonka-based Platinum Group has helped more than 2,000 business owners and leaders save their businesses since its founding 40 years ago.
Platinum Group's Founder Dean Bachelor on Why 'Meaningful Capitalism' is More Pertinent Than Ever
Platinum Group Founder and Chairman Dean Bachelor not only coined this phrase many years ago, he wrote a mission statement that received trademark protection. His firm has lived by it ever since, and as a result has saved more than 100 businesses and several thousands jobs. In this short video and podcast interview, Bachelor explains what it is and why business owners and leaders should be even more mindful of it in the months ahead.
Platinum Group's Tom Hubler on the importance of planning and communicating, especially for family businesses
This series of interviews with key members of Platinum Group – Minnesota’s most experienced advisory group helping business owners and leaders with extreme challenges including financial setbacks, lender and landlord re-negotiations, turnarounds and bankruptcies – is produced by one of its consultants and former multi-award winning editor, writer and interviewer Dale Kurschner.
Platinum Group's Greg Coward on Why Change Needs to Happen Now, and Plans Need to be Weekly
Greg Coward is a former product marketing executive who’s gone on to serve as CEO of a dozen industrial B2B manufacturing and consumer goods companies. He also has owned two businesses and led through many turnaround and other rapid-change situations.
In this Platinum Group interview (also available to watch on YouTube), Coward says the greatest risk for any business today is waiting. He also talks about how he's quickly assessed situations as an interim CEO brought into companies that needed turning around, and how he's ignored lawyers' advice at times when it's been at odds with being an effective leader—including how and what he's communicated with employees.
This is one of a series of interviews with the expert consultants who work at Minnetonka, MN-based Platinum Group, which for nearly 40 years has specialized in helping business owners and CEOs navigate through turnarounds, divestitures, acquisitions, family business transitions and other extremely challenging situations.
Why Now's the Time to Try New Things, Maybe Even a New Business Partner
Given today's Covid-19 recession, Platinum Group's Steve Coleman says there are those businesses that are pausing and being conservative, and then, "there's a significant minority of owners that we serve who have very alertly said, 'wow, this is so enormous of a changing environment that there have to be some new opportunities that these disruptions bring to us. New opportunities I better be looking for. 'And so they have leaned forward. They are not being silent. They're not looking down. They're looking up and they're looking out."
During this short unedited, one-take interview, he explains how business owners are doing just that in part by finding good new partners, sharing their experiences with other owners and exploring new ways of looking at and doing things.
Ensure You're Providing Adequate Benefits Relative to the Times, says Platinum Group's Bill English
"Take a look at how you define who gets on your benefits role. You may be a company where you're only operating at 50 percent capacity and that doesn't allow most of your employees to participate in your benefits," Platinum Group Partner Bill English says during this short interview. "Run a cash flow analysis of your benefits costs, and whether at 50% whether you can afford to lower some of your benefits thresholds to make sure those employees are taken care of. If not they may find full time elsewhere."
How best to prepare should an economic tsunami hit later this year
During this brief one-on-one interview, Platinum Group Partner Pat Brennan discusses the need to prepare for this possibility after the upcoming presidential election. He also shares what he's seen as the number one issue that tripped up the dozens of companies he's helped over the years after they fell into financial or operational disarray.