Every business owner has experienced the reality that anticipated profits fall short of financial projection – a realization that can have serious implications. Often the initial reaction is to slash expenditures in an attempt to restore profitability. This short-term strategy works well to help get many organizations through a...
How many Baby Boomer employees (those born between 1946 and 1964) will be leaving your organization in the next five years? When retiring employees clear out their desks and walk out the door for the last time, they often leave with fond memories — as well as vast amounts...
You want your IT administrator/Managed Service Provider (MSP) to respond immediately to your problem, and you want it fixed as soon as possible. Unfortunately you need to figure out if they are actually fixing the problem or giving you Band-Aids.
Whenever you sell a business or an investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception to this and allows you to postpone paying tax on the gain if you organize...
They say little things mean a lot. And relatively small expenses can add up to a huge amount of money your company could be wasting. By cutting costs, you can enhance your bottom line in several ways. Here are 10 ideas:
Businesses often find themselves caught between a rock and a hard place in the IT world. On one side they have their full time IT Administrator, who may have been with them since they were just a thought and computers were still notepads and pencils. Or they can have...
Restricted stock awards are a popular replacement for stock option grants. The reason is that the awards typically retain their value if the price of the stock drops. The company simply needs to award additional restricted shares. Stock options on the other hand lose most or all of their...
Acquiring another company and merging it with your business can be the most efficient way to grow. But many acquisitions don’t pay off and it’s often management issues — not market conditions — that get in the way.
You’re scrolling through a site on your computer that you are getting to recommend to co-workers, supervisors, or employees. As you get ready to click a link to take you to the next page, a small box appears underneath of your cursor, and suddenly you’re on a completely different...
So you’ve gotten to the point where you are starting to think about your exit strategy. Most business owners would like to think that there is value in the business they have worked so hard to build and would like to monetize that value. Options you’ve considered include a...
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