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Business Planning Articles

Finding Stability: A new chapter in Northern Nevada’s economy

By Andy Ryback - Plumas Bank President and CEO February 27, 2024 Business planning

The last few years have been a roller coaster for our economy, nationally and here in Northern Nevada. The pandemic upended our normal economic cycle, and was responded to with a once-in-a-generation government intervention to protect employment and businesses. Huge government expenditures and the war in Ukraine warped and choked supply …

Succession Planning Part 2: Revisiting the Plan + Team Dynamics

By Plumas Bank February 27, 2023 Business planning

In our first of this 2-part series on succession planning, we laid the foundation for succession planning — quite literally — by talking about its foundational role as part of the business plan.

But we also discussed the importance of staying flexible; if the past few years have taught small- and medium-sized business owners anything, …

Succession Planning Part 1: Ideal Timing Tips for Small- and Medium-Sized Businesses

By Plumas Bank February 27, 2023 Business planning

Apple. Gucci. Disney. Starbucks. All big brands with enviable business models, right?

Wrong — or at least as it pertains to succession planning.

All four of these business behemoths experienced serious operational hiccups due to flawed succession planning. And considering corporate giants have been known to undertake …