For many people working in a business, days are filled with activity. At the end of each day, however, it might be difficult to remember what, if anything was actually achieved.
How did Newhall Land and Farming Company - the renowned, 125-year-old California real estate owner - end up in a bankruptcy court in Delaware?
In 2004, nationwide homebuilders Lennar and Lennar Property Corp. acquired it, then merged with some other major real estate concerns to form a business complex under the parentage of an entity called LandSource Communities, LLC, a limited liability company established under Delaware law.
Market volatility is a fact of life. Stock prices fluctuate from day to day, and markets move up and down over time along with the economy and business cycle. As a student of Jeremy Siegel of the School of Wharton, University of Pennsylvania, over time the market will return 8 to 9 percent over the cost of living.
This is the first part in a two-part series about being audited by the IRS.
Reading an article some time back I came across a philosophy of life. I don't remember who wrote the article and I am sure I can't remember all the parts of it, but one portion surfaced last Saturday. It was, "Whenever there is a lemonade stand, stop and buy some from the proprietor. That child is going to be running his or her own business some day and they need to be encouraged."
In last week's column, we talked about beating the recession by creating your own business from home.
You have worked hard all your life to accumulate a pool of retirement assets. Now, or at some time in the near future, you will want to turn all or a portion of that pool of assets into a stream of income that will last as long as you live. It won't be easy with the ups and downs of the economy, which is normal, but currently we have to be more concerned for the additional problems caused with our energy costs and the financial markets fiasco.
Editor's Note: The Friday business columns known as Business Law will now be known as It's the Law.
Capital gain relief for widows and widowers
I read with interest an article on the front page of The Signal on Monday. Several local business owners were interviewed and quoted about declining sales revenue, a reduction in customer buying and the impact of increasing costs on their businesses.
It seems that every time we turn on the news these days we hear an endless litany of big corporations that are closing their doors, thousands of workers being laid off across the country, more jobs being outsourced and everybody losing money (unless you're in oil). The unemployment figures that politicians spout as going down, is only going down because laid-off workers are falling off the unemployment list after using up their 26 weeks. But don't let this discourage you, because it may be to your advantage.
Working from home is the new way forward! Think like an ...
In previous articles, I have discussed the advantages of using living trusts as an estate planning tool. It is extremely important that your estate plan is drafted only after a personal consultation with an attorney so that the plan can be customized according to your specific situation and desires.
It would be nice to believe that every organization is a proponent of continuous marketing (which means marketing in both strong and slowing economies), but not everyone has done so. Many of the organizations that did not market when times were good are now suffering. Others that should know better are becoming nervous as the bad news of the economy is reported and so these firms are cutting back on marketing and other expenditures.
When times are good, and business is plentiful, businesses are often so busy they do not have time to market. They are busy taking care of ...
Cross my palm with debit cards - not silver!
While the financial gurus are wringing their hands over the rise in credit card debt, consumers are going their merry way with their debit cards. The use of debit cards has increased more than 50 percent in just seven years, and banks see profit in the trend. They're cranking up the frequent flier and other rewards to encourage debit card use.
If you and your spouse pass away leaving minor children, have you selected someone to serve as their guardian? Have you chosen someone to manage their finances?
Day one: Make sure your organization has tests and yardsticks to measure performance. Are you measuring the most important things or just things you have always measured?
If you haven't noticed, the airways are filled with advertisements to join a gym to get into shape or to start a diet.
While most financial experts agree that saving should be a part of every household budget, many Americans admit that they aren't prepared financially for life's unexpected challenges and emergencies.
Tomorrow is Monday, January 6, and people will be back to work. Hopefully, the company plan for 2014 has been nailed down and assignments to key result areas are known and responsibilities for achievement assigned.
Most individuals have read numerous articles on how to prepare for an interview as a job candidate. However, as an entrepreneur or hiring manager, how much time have you spent improving your skill set to effectively screen applicants and conduct interviews to optimize your potential to select the best candidate? If you're like most entrepreneurs or managers, your answer to that question with be somewhere between little and none.
Tens of thousands of owners who once again have equity in their homes have much to be grateful for as 2014 dawns.
As the year comes to a close, it is appropriate to look back and ask why some businesses have survived and others went by the wayside; and to understand why some businesses have done well.
Most of the business owners I know are either finishing up a solid year and want to continue the good times into 2014, or they had a less than stellar year and want a different ending a year from now. Which is it for you?
If voters get their way the 30-year home loan will be here to stay, yet retention of what has been an invaluable tool in building the nation's middle class while opening home ownership to generations of citizens may now be more a function of politics than economics.
Business owners are busy this time of year but being asked to answer tough questions is an essential part of success. This list will start the process of evaluating how 2013 was for you and your business.
Business owners and leaders often stray too close to a situation to see the entire picture. One of the responsibilities as a Trusted Advisor is to observe what is happening from a vantage point to provide a fresh perspective to clients that may not be otherwise noticed.