When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. The delicate balance is: How do you handle compensation during uncertain times to protect the financial health of your business but without losing valued employees? This scenario could occur in any type of economic downturn or industry shift – really, anything that disrupts business continuity and impacts the bottom line. Of course, a global pandemic such as COVID-19 is a prominent example of this. Depending on state and municipality, some businesses [...]
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[Houston, Texas | May 28, 2020] The Cannon, an innovation and entrepreneurial hub has launched a strategic partnership with a brand new angel network focused on supporting minority-led founders, baMa, also known as The Business Angel Minority Association, LLC. As its relentless passion continues to support entrepreneurs, this initiative magnifies the emphasis on connecting minority-led startups with access to capital. Coupling culture with capital to improve innovation, baMa and The Cannon see a natural fit for collaboration. “Diversity plays an important role in early-stage investment decisions. The existing Business Angel associations are not diverse enough and this translates to a lack [...]
It probably comes as no surprise that the most successful businesses are made up of highly engaged employees. These top-performing workforces share a relentless dedication to what’s in the best interest of their employers. They’re committed, determined and consistently instrumental in increasing their companies’ productivity. Every business owner’s dream, right? But what’s not so obvious is knowing what attracts these MVPs in the first place. Even more important, what’s the best strategy for keeping them once you hire them? Is it strong management? Money? Recognition? Sure, those are all important factors. But according to a Career Builder study of the best [...]
Our Startup Innovation Scholarship brought to you by Insperity has Awarded a Winner! Congratulations to ConnectPro The Cannon and Insperity launched the Startup Innovation Scholarship for the third year in a row on April 17, 2020. This year, The Cannon and Insperity asked startups to describe how they amplified, if not built, company culture as a result of being faced with the implications of COVID-19. Key questions applicants were asked to consider include: How do your employees talk about your company? How do you want your team to feel when they logon? How are you practicing compassion and empathy with your [...]
A Lawful Moment from Baker Botts Developing a Patent Porfolio As a part of our shared vision around supporting Houston's startups, entrepreneurs, and small businesses, we are thrilled to partner with Baker Botts to share content custom catered to anyone going through the early challenges of starting a business. Stay tuned for more entrepreneurial themed content throughout the year!