From the category archives:
Every 7 seconds, a baby is born in the U.S. That means that every 8 seconds, you have a set of parents that will worry for the next 18 years about how to finance that baby’s college education. This concern isn’t misplaced. According the National Center for Education Statistics, it currently costs over [...]
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Continue ReadingThe other morning I had a project team meeting over chat with participants in New Jersey, New York, Nicaragua and Peru. In the past I’ve had teams with people from Brazil, Argentina, Thailand and even Belarus working together. Twenty years ago, this may have seemed completely out of the ordinary. [...]
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Continue ReadingAt the end of 2009, my company — like many others — was faced with the prospect of a very challenging 2010. We had taken measures to align our investment and operating expenditures with our expected sales, but I felt it wasn’t enough. It was important to squeeze out as much [...]
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Continue ReadingDepending on who you ask, global warming is either the greatest threat to the survival of the human race or a wacky scheme concocted by environmental extremists. Whether you are a true believer or a confirmed skeptic, as a business owner it’s important to recognize that a significant percentage of [...]
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Continue ReadingI tend to believe that small businesses have a competitive advantage over larger companies. Decisions can be made in less time. Customer service is more personalized and sincere. New ideas can be approved and implemented in days instead of months.
Go to the article: Are You Lobbying for Your Interests?
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Continue ReadingI recently had dinner with a group of fellow business owners to exchange war stories and share our opinions on the current state of the economy. Towards the end of the conversation, I asked the group what they thought was the most important financial ratio to calculate for a [...]
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Continue ReadingThe 112th Congress promises to be very active in areas that will have a profound impact on small businesses. While many small business owners try to stay out of politics, doing so is very risky. It’s important to understand which elected officials are making decisions that impact the livelihood of your business. This article provides [...]
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Continue ReadingBehavioral economics and behavioral finance are some of the most fascinating areas of study today. The disciplines combine economics, finance and psychology in ways that better model how consumers actually make decisions. In general, the study of economics is based on theoretical models that only remotely resemble the complexities of the real [...]
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Continue ReadingState unemployment insurance is an important lifeline for millions of families across the country. The money to pay for this insurance is provided by employers, and the state governments administer the programs. Most companies don’t think about state unemployment insurance because they simply outsource the calculation and payment to a [...]
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Continue ReadingFor the past 20 years, there has been a clear trend in retirement benefits offered by companies. Investment risk has steadily shifted from the employer to the employee. Decades ago, most employers that offered benefits did so via defined benefit or pension plans. These plans guaranteed a certain income stream to retirees. [...]
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