Scott Edinger, founder of Edinger Consulting Group, asks an interesting question: would your customers be willing to pay to listen to your sales pitch? At first this sounds crazy, but he’s trying to make an important point. It isn’t enough to say that you are selling a particular product or service [...]
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European businesses are currently going through a massive scandal that has affected millions of people, billions of dollars and thousands of companies. It turns out that some meat packers have been saving money by buying horse meat and mixing it with beef. Schools, hospitals, institutions, cafeterias across the continent are suffering [...]
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During his State of the Union, President Obama mentioned his interest in securing a free trade agreement with the European Union which consists of 27 countries. With approximately $4.5 trillion in trade taking place between the U.S. and the EU annually, a free trade agreement could have a significant impact on [...]
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Small-business compliance with unclaimed property laws, known as escheat laws, isn’t usually at the top of the list of most owners’ concerns. But failing to address unclaimed property can lead to audits, interest and penalties. When a customer leaves a deposit and never returns, or you issue a refund to clients [...]
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Zero money down mortgages are making a comeback. These mortgages don’t require any down payment and provide for 100 percent bank financing for the purchase of a home. But unlike last time, when these helped usher in the greatest financial collapse in a century, the new zero money down mortgages are [...]
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Another Federal government agency has taken the important step of awarding a significant contract to small businesses. The Department of the Navy awarded 13 small businesses with a contract worth nearly $50 million for 2013 with options to renew through 2018. If they exercise all renewals then the contract is worth [...]
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Using aggregate data from Quickbooks online and online payroll processing, software maker Intuit can provide a broad snapshot into small-business performance. The results are in from the latest Intuit Small Business Revenue and Employment Indexes based on this data.
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The 25 largest banks in the country had a rather exciting first week of January. According to data released by the Federal Reserve, depositors withdrew an astounding $114.1 billion during the week ending January 9. A significant portion of this withdrawal can be attributed to the expiration of the Transaction Account Guarantee [...]
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According to the Bureau of Labor Statistics, 2012 was yet another year that saw a reduction in the number of unionized workers. Approximately 15.9 million workers were covered by a union contract; 90 percent were members of a union with…
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When it comes to storing old financial documents, I’ll admit that I do have a hoarding problem. Despite “knowing better,” I’m hesitant to eliminate even old receipts in case one day I’m subject to an audit and the only thing keeping the IRS from confiscating my business is an $8 gas [...]
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