Last week, we discussed the reason for the sudden popularity of Special Purpose Acquisition Companies, the long runway of the standard IPO process and alluded to the challenges to consider when deciding to go the SPAC route. Let’s examine those challenges now.

SPACs (or Special Purpose Acquisition Companies) have exploded in the business scene, initially gaining global popularity in 2020. Providing a less-intensive path to the traditional IPO process, nonpublic businesses have more options to go public than ever before. While going public is now in sight, there are still significant financial challenges to be considered as you begin the SPAC process. In this two-part series, I will explain a common SPAC scenario and the possible risks to assess when deciding to take the SPAC route.

As I get older and progress through my career, I find that there are two qualities that all high performers exhibit on a daily basis. Before I dive in, think about someone at your current or previous job that you admired or was the “go-to individual” to accomplish a task. I can almost guarantee you that they had two very important qualities. Those qualities are Accountability and the Ability to Execute.

Last week, I shared with you a bit about the history of cloud computing and its many names and forms. Now let’s chat about the potential benefits of migrating your IT operations off your local premises and into the cloud, including flexible pricing models and rapid scalability.

We see it everywhere in the business world: the mention of SaaS, cloud-based solutions, or a company moving to “the cloud.” As cloud computing becomes the norm and its costs decrease, now may be the best time to start thinking about scrapping your costly computer servers and bringing your organization into the future. Let’s talk about the history of cloud computing, where it’s headed, and how you can take advantage of this system.

These days, the sheer amount of solution-based software is endless; SaaS and software companies have entered and disrupted just about every department and function of an enterprise. With information overload on the available options, it is becoming harder and harder to find the programs that will benefit your business, especially when you are facing a limited budget and heavier schedule. Allow me to share some of my favorite solutions that will make your life a little easier without breaking the bank.

Ask anyone who works in professional services if they’ve ever had trouble filling their 8-hour day with work. You will be hard-pressed to find someone who answers with a yes. In fact, more often than not, employees are burning the candle at both ends trying to complete their projects within their work week, which, at large professional service firms, is often much higher than the standard 40 hours. In fact, for many, working long hours at grueling jobs is a badge of honor, which creates a culture of peer pressure for everyone to hit those milestones. How do we enable our employees to actually achieve work-life balance?

Communication, integrity, respect… These are qualities for which any company would like to be known. And yet, it might be hard to believe that in 2000, Enron claimed these exact values were part of their core mission. Today, I don’t think anyone associates Enron with integrity. So, what is the point of corporate values and how do you ensure they actually reflect your culture and mission?