2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of … Read more about Not Like Last Year’s New Year’s Resolutions
Preparing for Economic Changes: Closing Your Books for 2020
2020 has come to an end. If you are still in business, congratulations. The statistics on small business closures are grim. Yelp found that 60% of … Read more about Preparing for Economic Changes: Closing Your Books for 2020
Consolidated Appropriations Act, 2021: What’s in It for You?
On December 27, 2020, a massive new law was signed by the President to fund the federal government through the end of fiscal year 2021 (September 30, … Read more about Consolidated Appropriations Act, 2021: What’s in It for You?
Shoplifting: 5 Actions to Address the Problem
Last year, there were over a million shoplifting cases reported, with an average of $318 lost in each incident. But these are only the cases tracked … Read more about Shoplifting: 5 Actions to Address the Problem
High-Purpose Cultures for Small Businesses
A study has shown that CEOs who emphasize culture over other success metrics will thrive. This is a great message at a time when many small … Read more about High-Purpose Cultures for Small Businesses
In D.C. It’s Out with the Old and In with the New: What it Means for Small Business
What a new administration means for small business This year’s election results mean changes…a new administration and a new Congress. What affect … Read more about In D.C. It’s Out with the Old and In with the New: What it Means for Small Business
What Is “Work Time?”
Under the Fair Labor Standards Act (FSLA), employers must compensate hourly employees for the time they work and pay time and a half for working more … Read more about What Is “Work Time?”
Gratitude on this Thanksgiving 2020
Gratitude is defined as “the quality of being thankful; readiness to show appreciation for and to return kindness.” Harvard Medical School … Read more about Gratitude on this Thanksgiving 2020
Answers to Year-End Tax Planning Questions
On November 3, 2020, I did a SCORE LIVE webinar on Year-End Tax Planning for Your Business (you can listen to a recording). Due to high attendance, … Read more about Answers to Year-End Tax Planning Questions
Preparing for Economic Changes: Added Costs of Doing Business
Economic change can result from any number of factors. The one most prominent now is the pandemic, which caused dramatic shifts in the business … Read more about Preparing for Economic Changes: Added Costs of Doing Business
5 Ways Not to Waste Your Time and Efforts
Time is a precious commodity. If you are now working remotely and saving minutes or hours each day that you don’t have to commute, it’s still … Read more about 5 Ways Not to Waste Your Time and Efforts
Veteran-Owned Small Businesses
Veterans Day—November 11—each year is a celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and … Read more about Veteran-Owned Small Businesses
Developing Leadership Qualities: Creativity and Vision
An IBM survey some years ago found that the most important leadership quality in today’s world was creativity. It was even more important than … Read more about Developing Leadership Qualities: Creativity and Vision
Cash Flow Woes and What You Can Do
According to Intuit’s The State of Small Business Cash Flow, “69% of small business owners say they have been kept up at night by ongoing concerns … Read more about Cash Flow Woes and What You Can Do
How the DOL Views Workers in a Virtual Marketplace Company
One of the big questions that companies need to answer is whether a worker is an employee or independent contractor. The answer is complicated when … Read more about How the DOL Views Workers in a Virtual Marketplace Company
