March 30, 2010 Category: Uncategorized [ 4 Comments ]
We all have personal key economic indicators we use to gauge whether the economy is heading up or down. Is yours how many resumes your company receives for a job posting? The price of class-A office space? Or perhaps something more trivial like the length of the line at Starbucks? Share yours with us here.
March 9, 2010 Category: Uncategorized [ No Comments ]
That is the age-old question business owners ask themselves every day, especially when times are tough. The simple and accurate answer is “it depends.” The value of a business is dependent on a number of complex issues. Some of the most important factors when determining a value of an enterprise, are the purpose of the value, the basis of value, and the premise of value.
March 9, 2010 Category: Uncategorized [ No Comments ]
Since their introduction in the mid 1980’s, defined contribution plans have moved from the status of supplemental retirement vehicles to being the primary source of retirement savings in the United States. Now more than ever, policymakers believe that workers are in need of the best plans possible to help them reach their retirement goals. As a result, Federal agencies and Congress have adopted tough new rules that place the responsibility of managing retirement plans squarely in the hands of company directors and officers. In today’s world, where legal issues and litigation related to retirement plans are on the rise, plan sponsors must focus on four key areas in order to avoid penalties and legal ramifications resulting from non-compliance and to help employees save and invest sensibly for a comfortable retirement.
March 9, 2010 Category: Uncategorized [ No Comments ]
On February 1, the President released his 10-year, $3.8 trillion budget proposal that expands the tax principles he has espoused since the 2008 presidential campaign: tax increases for upper-income individuals and corporations, tax breaks for working families and small businesses, reform of international tax rules, an end to tax preferences for large oil and gas companies, and closing of perceived corporate loopholes.
March 9, 2010 Category: Uncategorized [ No Comments ]
Each year, so many tax law changes come about that it’s nearly impossible to keep track of all of them. While many of the changes can be minor, there are some that warrant special attention. Below is a summary of some of the more important developments that have occurred recently that may have a significant impact on your particular situation.
March 9, 2010 Category: Uncategorized [ No Comments ]
By Lee Froschheiser
There’s nothing wrong with having “hope” but clearly “hope” is not a business strategy— a fact that’s become very clear in recent history, given these tough economic times. Nationwide, company owners who’ve casually relied upon “hope” as a viable way to manage or turn around business have suffered serious professional consequences. Some have faced cutbacks in terms of services, products and staff; others have closed their doors for good.
Fortunately, there is still “hope” for countless other leaders who are looking for a simple but powerful way to measure the health of their business. The strategy is based around setting “trigger points,” which are measurements specifically created to signal important changes in critical performance levels. Trigger points are established to align with a company’s Vital Factors — the specific, key indicators of a business’ health. By monitoring trigger points, leaders can take immediate corrective action and avoid the serious consequences of not acting quickly enough.
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