Every business can do better. Research suggests that there are 12 areas where a company might make slight changes and see dramatic improvement in a very short period of time. In no special order, here is my list.
Under the most common pattern of employee benefits being offered today, workers accumulate substantial savings before retirement. They then gradually draw down those savings during retirement.
As a small-business owner in the Santa Clarita Valley, a tougher economy may provide an opportunity for you to increase your bottom line by carefully examining each expense and cutting out the extras.
People are living longer than ever. As a result, they are incurring more expenses related to their older years (nursing homes averaged about $5,500 per month per person).
Sergeant is a rank used in some form by most military and police forces around the world.
The personal saving rate in the U.S. has declined sharply in recent years.
Hidden in the voluminous American Recovery and Reinvestment Act of 2009 - otherwise known as the Stimulus Bill passed by Congress last month - is a provision that may prove to be a dangerous trap for many American businesses.
It's easy to be beaten down by the constant trumpeting of how bad the economy is, and it's just as easy to feel overwhelmed by opportunities. There seems to be no middle ground.
No one knows when the market will reach the bottom, or whether it already has. A few good indicators of the market moving positively are that the S&P 500 gained 8.8 percent (total return) in March 2009 - the best monthly performance since October 2002 - and the fact that total capitalization of the U.S. stock market increased by $700 billion during the month of March to $9.4 trillion.
The Family Caregiver Alliance has compiled a list of practical tools and resources designed to address the needs of informal caregivers and the professionals supporting them. While a plethora of online information exists, specific tools and resources had not been gathered into one collection where professionals and caregivers alike could quickly and easily access them - until now.
An entrepreneur called me the other day for some brainstorming. It seems that he discovered his company had been billing a client half of what he should have been billed. This client had been difficult in the past and the entrepreneur wasn't looking forward to dealing with him. He knew he had to do something though, and his partner felt it had to be done in a face-to-face meeting with the client. They felt the client had to know what was going on before getting revised pricing and a bill for the oversight.
In February, Congress enacted the American Opportunity Tax Credit, which includes a new $2,500 college tax credit for 2009, 2010 and possibly beyond. Your family may have not qualified for earlier college tax credits, but it just might for this one.
Those who have passed Accounting 101 understand that business owners should focus on building the net worth of their business by adding to their asset base while reducing liabilities. The difference is owner's equity, the value of the business.
Most investment options offered by company-sponsored retirement plans are designated for the accumulation phase of retirement, and not the income phase.
I like to call "referrals" the low-hanging fruit on the tree of sales because they are a reward for a job well done.
Books like "Built to Last," "The Breakthrough Company," and "Good to Great" were written to help business people improve the companies they own, lead and run.
The housing market in the Santa Clarita Valley started the New Year tentatively, yet encouraging news abounds as the traditional Spring home buying season approaches.
If you wonder why your sales people aren't more productive, aren't making enough presentations and are slow to close deals, it might not be the industry you are in, your location or the economy not cooperating.
According to the recent news release from the Bureau of Labor Statistics the US economy added 113,000 jobs in January 2014 and, "…job gains occurred in construction, manufacturing, wholesale trade, and mining…Employment in manufacturing increased in January (+21,000)…Manufacturing added an average of 7,000 jobs per month in 2013."
Years ago a major manufacturer hired a research firm to conduct a survey of the cultural climate of the company.
Under the federal Ability-to-Repay rules that went into effect Jan. 10, lenders received guidelines on the type of financial information homebuyers must provide lenders when seeking a loan.
Research suggests that employees do not leave because of the company they work for, but they quit because of their manager.
What is our fascination with forecasts? Are they really helpful and how can we use them for planning purposes?
At the end of the first month of the year, are your objectives for 2014 being met? Have the results versus your goals left a gap? Are you worried that what happened or what didn't happen in January can spread to February? Or March?
In May, 1976 I had just finished what I first thought was my junior year of college. When I put a pencil to things, I discovered I was not 12 months away from graduation, but closer to two years.
When you think of California do words like innovative, leading-edge and trendy come to mind? A place where new ideas first take root before they become woven into the very fabric of the national culture and industrial base before becoming recognized around the world as being uniquely "American". If so, you may be surprised to learn that in one area, the critical business process of selecting and hiring new employees, California is lagging behind the rest of the country.
I recently conversed with the owner of a profitable company. She was interested in addressing some issues so she could return her attention to growing the business.
Federal rules that went into effect Friday, Jan. 10, provide homeowners and consumers shopping for a home mortgage new rights and greater protection from harmful lending practices, while also probably slowing the pace of home price increases and forging a stronger, more stable housing market.