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Special Report

Noncompete clauses must be carefully crafted to hold up

More and more companies demand that those on their payrolls accept noncompete agreements as a condition of their employment. “It gives some greater assurance that their confidential, proprietary information or trade secrets are going to be protected, or are not ...

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Revealing relationship patterns results in better leadership

What does a business leader do when key managers simply don’t connect? When important issues get avoided because of discomfort?  When a high performer creates internal relationship messes?  When an aspiring leader does not have a realistic view of him/herself? ...

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Leaving the classroom for a more hands-on experience

Learning by doing is a methodology many business schools here and across the country have adopted in their executive education programs to encourage entrepreneurship and innovation. Colleges and universities in Rochester have found students eager to explore this type of ...

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Business owners try to plan as extender package sits

With adjournment looming, Congress has yet to reinstate a package of more than 50 tax breaks affecting individual and business filers. If history serves, the House of Representatives and the Senate will act at the 11th hour and pass the ...

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Succession planning takes front seat for industry

Sage Rutty & Co. Inc. hosted a reception recently for a financial adviser planning to retire, but it was more than just an opportunity for hors d’oeuvres and goodbyes. The Brighton-based firm is in the midst of a transition plan ...

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Low rates make it an ideal time to shift wealth with a GRAT

Ask business owners or families with valuable assets what their main concern is when it comes to estate planning, and most likely the answer you’ll get is a question: How can we reduce transfer taxes while retaining a continued interest ...

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Collaborative culture lies at core of coworking offices

David Moffitt worked out of coffee shops and his own bedroom before getting to a point where he missed working around other people. “You miss the banter of, ‘Hey, how was that hockey game?’ or ‘What were your kids up ...

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Salvaging old structures unearths value, yields rewards

Renovating old buildings downtown is often rife with unforeseen challenges. Still, salvaging these structures and breathing new life into them makes the process worth it, developers, engineers and architects agree. “There are a lot of challenges, but the end product ...

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Thoughtful approaches court private equity buyers

Though business owners need to jump through hoops to attract private equity investors, certain strategies can help firms separate from the pack. Some steps involve effort on the operational front, such as tidying up records in preparation for due diligence, ...

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Rural banks make growth a priority, expand reach

About 18 years ago, Lyons National Bank faced a tough decision. The bank had only two offices in Lyons, a small village between Rochester and Syracuse where it had been serving local customers since 1852. Things had changed dramatically since ...

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Appetite for data fuels demand for innovative courses

Can social media be used to better track and analyze outbreaks of infectious disease as well as provide better treatment to individual victims? That question goes to the heart of University of Rochester Ph.D. candidate Solomon Abiola’s current work. A ...

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Flattening hierarchy fosters collaboration, connections

Despite its history as a bastion of hierarchy, medicine is changing with the times. Doctors have relaxed their grip a bit in order to accept expertise from other health care professions, and medical and nursing schools now offer learning experiences ...

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Certification programs witness growing interest

Demand for nurses’ assistants, emergency medical technicians and other certified health care workers has driven up enrollment at the colleges that train them, and that trend is likely to continue. “If I did have the finances, I would definitely look ...

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Don’t let long hours become habitual; strike a balance

Free-market economist and Nobel laureate Milton Friedman’s oft-quoted book title, “There’s No Such Thing As a Free Lunch,” reminds us to be wary of things appearing to come at no cost. The same might be said of the notion of ...

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Does leadership really care about the employees?

"Most CEOs I know honestly don’t care about employees or take an interest in human resources.” These are not my words; they are straight from the CEO’s message in Gallup’s recent research report, “State of the American Manager.” Jim Clifton ...

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