What’s your long game?

Many business leaders cannot answer this question with a detailed strategy. Amid the day-to-day hustle of running the business, long-term strategic planning is often swept aside. But a long-term strategy is your roadmap to sustainable growth and success. Without it, your company might be meandering down the wrong path, which can be costly and potentially ruinous.

Define your North Star.  Identifying where you want your business to go takes effort and may introduce discomfort at confronting a future one can only guess at. However, the benefits are tremendous. Here are three advantages of setting a long-term business strategy.
Continue Reading Three Advantages of Setting a Long-Term Business Strategy

Your board of directors is an invaluable asset to your corporation. Well-functioning boards provide diverse experience, independent perspectives and expert oversight to guide your business in the right direction. So, it’s important to ensure your board is fulfilling its obligations by following bylaws and meeting expectations and goals.

That’s where board evaluations come in. Board evaluations measure a board’s effectiveness, help identify strengths and weaknesses, and elicit candid feedback to drive performance. Not only do evaluations keep the board on course, but they also boost transparency, promote accountability and foster investor confidence.

Conducting board assessments can be challenging, however, for companies that do not have the resources to lead an effective evaluation process. There is no one-size-fits-all evaluation model, which is why many companies choose to engage a third-party facilitator such as an advisory firm skilled in designing custom board assessments. These independent reviewers lend greater credibility to the process by being dispassionate, objective and non-confrontational.
Continue Reading Are Board Evaluations Causing You Stress? Consider A Third-Party Facilitator

Why is Gray Reed launching a new consulting business, especially at this time? The short answer is to provide business advice complementary to our legal services.

The long answer is, well, longer.

Gray Reed is first and foremost a business law firm. But by working closely with thousands of companies of all sizes over the

In August, Houston-based law firm Gray Reed went public with its recently launched consulting subsidiary, Gray Reed Advisory Services. The subsidiary is targeted at mid-size and smaller companies seeking to scale up their business functions, especially in strategy, operations, marketing and technology.

Shortly after the firm’s announcement, ALM (the parent company to Texas Lawyer) reporter

Texas-based Gray Reed & McGraw LLP last week announced the creation of Gray Reed Advisory Services, joining the ranks of law firms that have opened consulting businesses to expand the services available to clients.

Gray Reed Advisory offers advice on business strategy, operations, marketing and information technology, according to the firm. The new business is