Data Analytics: You don’t have to be big to do Big Data
Some leaders of small- and medium-sized businesses (SMBs) may think that they don’t need advanced analytics: they are doing just fine, thank you, with reports and basic dashboards. Besides, they don’t have the resources to leverage data, or don’t need analytics.
From my experience, they should reconsider: reports only look in the rearview mirror. Modern, forward-looking tools and techniques are more accessible, powerful and affordable than ever. Businesses are to the point that they can’t afford NOT to do data analytics – especially because their competitors probably are.
If you’re not sure how to get more out of your data, and then how to reap the benefits, this series of blogs may be helpful to you. Read More
Canopy Consultants Offer One-Two Punch for Client
“With the help Canopy and its talented consultants, we were able to bring rigor to our financial processes, allowing us to make better decisions for our investors.” —Daren Schmidt, managing partner, Allante Properties, LLC.
Founded on the heels of the Great Recession, Denver’s Allante Properties has burnished its reputation as a multifaceted real estate firm that aggregates private investors to fund acquisitions and developments of apartment communities.
In 2016, the firm determined it needed a more streamlined approach to its finance system to ensure that there would be no gaps in how staff at the corporate office managed cash flow and accounting processes with its subsidiaries and project entities.
“We’re a small company with big projects, and our finance and accounting system was not where we wanted it to be,” says Daren Schmidt, managing partner, Allante Properties, LLC.
The firm engaged Canopy Advisory consultant Jennifer Almquist — whose expertise lies in solving complex issues concerning corporate finance, accounting and finance reporting — to take a deep dive into Allante’s existing finance and accounting processes, and make several high-level recommendations for a more efficient operation to support the company’s strategic objectives. Read More
Featured Advisor: Nonprofit and Financial Consultant, Amy
What motivated you to become a Founding executive of Get Smart Schools and Co-founder of Denver School of Science & Technology?
I got involved with the charter school movement after learning more about the low graduation rates for students in Denver Public Schools. I was appalled to realize that, at the time we started DSST, the odds of a low-income DPS student attending college were about 10%. I believed that my previous experience as an entrepreneur had prepared me to tackle the challenge of starting new, more effective schools. After the launch of DSST, I saw an opportunity to support others who wanted to create innovative new schools. Between my work with DSST and Get Smart Schools, I’ve played a role in the development of more than 20 schools, and those schools are changing the future for thousands of students. Read More
Business of Aging
Canopy Advisory consultant Karen Larsen, second from right, works with a team at Graebel, which includes Gen X'ers, millennials and boomers. Photo by Kathleen Lavine, Denver Business Journal
Baby boomer Karen Larsen used to be afraid to talk about her grandson at work because it would draw attention to her age. Now, she has now found an encore career where her years of experience as a chief marketing officer are wildly sought after. Read More
Financial Tips for Startups
There’s no shortage of financial tips that can be given to the new entrepreneur, ranging from the tactical to the strategic. Here are a few things we recommend entrepreneurs keep in mind as they begin making critical financial decisions for their business: Read More
Featured Advisor: Branding and Graphic Design Consultant, Jenn
Canopy Advisory is pleased to introduce you to our featured advisor, Jenn. Jenn has over 15 years of experience in advertising and design working to bring her clients thoughts to life through varying physical representations. Jenn has worked for major ad agencies covering TV and print campaigns for brands like Gatorade, TJ Maxx, Hillshire Farm and Wachovia Bank. Read More
The True Cost of a Bad Hire
Businesses often hire when their needs are no longer quiet whispers but rather have grown to screaming gaps in their talent pool. Time is frequently condensed compromising the recruiting, vetting, and onboarding processes. Whether part of a startup or a globally established company, hiring managers frequently settle for less than ideal hires leading to material costs to the organization.
Zappos CEO, Tony Hsieh, estimates that bad hires have cost his company more than $100 million. The Department of Labor says the price of a bad hire is at least 30 percent of the employee’s first year earnings. Finally, a well-known recruiter estimates the cost of onboarding an employee at $240,000. Read More
How Freelancers Can Spur Open Innovation
Innovation is vital for business growth, and companies are exploring internal and external sources of innovation to stay competitive in their industry.
Open innovation encourages staff to search for new ideas relevant to their market through relationships made among consultants, external partners, universities, research institutes, competitors and customers. A new study featured in Harvard Business Review examines how employees at IBM are generating innovative ideas by evaluating how they interact with their external and internal relationships.
The study found that employees who seek inspiration internally are just as innovative as those who seek innovation externally. However, overall, those who devoted time and resources to external partners were more innovative when they knew how to apply the ideas they incurred. Read More
Three Reasons the Highlancer Offers an Ideal Solution When an Employee Takes Parental Leave
When a key employee takes parental leave, it can be challenging to temporarily fill the void their time away creates. Some companies opt to put the burden on the surrounding team, while others strategically plan in advance and fill the void with an external consultant. Here are three benefits to bringing in a highlancer (a highly skilled, big firm trained freelancer) to fulfill the key employee’s responsibilities while they are out. Read More
July Featured Advisor: Nonprofit & Sustainability Strategist Joanne
Canopy Advisory is pleased to introduce you to our featured advisor of the month, Joanne. Joanne has 15+ years of experience in aiding organizations in strategic goal development, fundraising diversification, corporate social responsibility initiatives, coalition building, and collaboration around environmental, economic and social impact challenges. In addition, Joanne is soon to be a published author, with her new book ChangeSeekers coming out Sept. 12. Read More