For years now our firm has had an annual retreat which we have found to be extremely helpful. As the author Shira Levine, Freelance Writer for American Express Open Forum suggests, retreats don’t have to be budget busters and, in fact, can be done locally and therefore cost effectively. Typically, in the fall of each [...]
Dick Morris targets not only the United States, but also the State of Michigan in particular, when he indicates that we aren’t far removed from the crushing wave of the economic tsunami now sweeping over Greece and other members of the EU. To those of us that have resided in Michigan most of our lives [...]
In the June 2010 issue of the Journal of Accountancy the “News Digest” reports that yet another scam is being perpetrated against unsuspecting small business owners, this time under the guise of securing funds from the U. S. Small Business Administration (SBA). Clearly the criminal mind, whether operating on Wall Street, inside the worlds largest [...]
The risk of an IRS audit is increasing, particularly for small to medium-sized businesses. To a large extent this is driven by an administration that has so leveraged this country financially that they have had to add thousands upon thousands of revenue agents to aggressively pursue taxes as a revenue source. The result will be [...]
Those of you that have been around long enough are no strangers to government attempts to force national health care down your throats. Recall that no sooner was that fine upstanding American Bill Clinton put into office, January 20, 1993, he named our now Secretary of State, then First “Lady” Hillary Clinton to head a [...]
Business is war. It’s a jungle out there. Never give a sucker an even break. Nice guys finish last. It’s a dog-eat-dog world. We’ve all heard at least one of these bits of wisdom in our lives. Some of us even use them on a regular basis to describe business or personal philosophy. Though they [...]
Do you have an employee who is always late? One who makes or receives personal phone calls daily or one who sneaks out a couple of minutes early on a regular basis? What about an associate that is on their cell phone texting through out the day or who clicks off the computer screen as [...]
Stop anyone you meet and ask “what’s the biggest mistake a new business owner can make?” Odds are they won’t know. A more insightful respondent (perhaps one who knows from personal experience) might mention “undercapitalization” or “lack of cash flow”. They’re usually right. But the truth is, the biggest mistake is usually not one but [...]
Even smart people make mistakes. Many people who have picture perfect careers are taking photographs with the lens cap on when it comes to their personal finances. Or, if they have the lens cap off, they are too busy taking pictures to pay enough attention to the subject matter – their personal financial affairs. Either [...]
As a business owner, the quality of your decision-making determines your success or failure. By decisions, we don’t mean what suit you’re going to wear or whether to go to the gym or not. Those are choices. In a decision, the issue you’re facing is unconventional. This means there’s going to be some uncertainty, particularly [...]
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