Here are the next 12 tips for keeping your business expenses under control:
There is a saying by an unknown author that "anger is one letter short of danger."
Due to recent bank failures and the overall economic climate, I have received several calls recently from clients wanting to know whether their bank accounts that are held in the name of a trust would be fully insured by the government if their bank failed.
With the presidential election approaching, we find one candidate wanting to redistribute the wealth from the rich to the poor by raising taxes on the "rich," with the other candidate wanting to lower taxes across the board. As you may have surmised, I do have more financially conservative leanings. I did vote for George Bush and now feel betrayed by his spendthrift policies.
It's been said that movies are created with at least one, and up to three, combinations of plots. Those plots involve: man versus man, man versus the environment and man versus himself.
Imagine that your life as a business owner is going fine. Clients are buying and paying, your employees are happy and you've got money in the bank for rainy days and opportunities.
Everyone else is getting a Federal bailout, why not you?
This is the third and final part in a series of columns about 10 common IRA mistakes.
One of the biggest mistakes business owners can make is saddling themselves with too much overhead.
Disputes among family members can arise when funeral arrangements are made after the death of a relative. Everyone may be trying to do the right thing, but disagreements and anger can continue long after the funeral. Families in our American culture don't want to talk about death, especially in advance.
The current economic situation and the time of year may call into question the performance of business owners. Was it a good year? Was it a bad year? Why? How could it have been better? Why didn't the objectives get achieved? What problems surfaced that the organization was unprepared for?
Vacations and long weekends are behind us, the economy remains a challenge and now is an excellent time to get refocused and reenergized, regardless of company size, industry or success to date.
A lot has changed since you were a kid. Retirement has changed as well. The way you picture yourself in retirement is probably different from your parents' retirement. It's no longer about a few years of rest and relaxation. It's about pursuing your lifelong dreams or discovering new ones.
You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever - you've got to know how to keep your business alive during economic recessions.
If you're among the casualties of recent cutbacks in the corporate world, you might be looking for a job in another field.
Now that I have your interest, I'll try to let you down gently.
Last week marked the end of the first half of the calendar year. It seems like January was just last week.
Starting or growing a family can be an exciting milestone in one's life. But as most experienced parents will tell you, your priorities are likely to change, and along with these changes come new expenses and responsibilities,
Being a trusted advisor is a place of honor. When you reach a certain stage in life, you are compensated not for what you do but for what you know.
With student loan debt nationwide at an estimated $1.2 trillion, homeownership for many recent and past graduates is a distant dream.
Throughout the years at the Advisory Board meetings I facilitate, I've heard a fair amount of laughter and grumbling from the business people who participate.
Jim, president of the top local IT company, came by the other day. He was not happy. He'd just been served with a complaint, alleging that he'd breached a new employee's contract, had wrongfully terminated her, and was guilty of breach of promissory estoppel (whatever that is?).
The bottom line, the profitability of a company, should matter to every employee but many owners tend to keep this information private. Owners then complain when profits are thin.
Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one.