"Small Business" Posts
The Ingredients Of Success
By “I’d seen the stars, I’d seen the sky and I’d seen the instruments, but I had no idea how to put it all together and make it work.”
The Old Daley Inn Catering Company has been serving New York’s Capital Region, and beyond, since 1975. The business originally functioned as a restaurant offering a lunch and dinner menu to the locals of Troy, N.Y. Over the years, the restaurant gradually expanded to include catering. The company’s management found catering to be a business they could grow and profit from; therefore, the restaurant was eventually closed.
These are the words of …
Creating Your Business Metropolis
How business owners can utilize a §1031 exchange
A business owner’s proverbial journey to Ithaca often begins at home. Tucked away next to a kitchen, the entrepreneur creates the enterprise in a small office. Toiling for a period, the odyssey continues, and he eventually purchases a small facility as business prospers. Operations continue at this facility until the entrepreneur develops grandeurs of conquest and greater glories. He spies a larger complex that will fulfill his desires of expanding his empire. Alas, there is only one problem—the fear of taxes in the form of capital gains! In answering the Sphinx’s riddle, …
GPS for retirementville
Every business owner knows that running a business is more than a full-time job. Depending on the size and structure of the business, an owner may serve as everything from salesperson to production manager, to office manager, to client services representative and then some. With all of that on their plates, it’s no wonder successful owners soon learn setting priorities is essential to success. So many business owners get caught up in the necessity of maintaining the profitability of their business, especially in today’s economic climate, that they tend to overlook the need to plan for their eventual exit from …
Health Insurance
Ask the right questions.
Over the last 10 years, renewals in health insurance have varied from low single digit increases to the mid-twenties and as of recently, settling around 10 to 12 percent increases. The real concern is how can these increases be controlled and what questions should be asked to determine if an increase is warranted?
There are several factors that affect renewals in health care: trend, losses, demographics and location. Although most health insurers are calling “trend” around 10 percent, that is an extremely misleading number. The carriers will cite inflation and contract negotiations, as well as new …
OSHA: Your Business Partner In Success
How many of you reactively reach for your checkbook when you hear the phrase –‘we are from the government and are here to help’? Many small business owners feel exactly that when they hear that the government is making your business their business.
The Occupational Safety and Health Administration, or OSHA, plays a significant role in virtually all businesses–regardless of size. However, a small business receiving a notice that OSHA is coming to audit, or in a worst-case scenario-there is a serious accident or fatality at the place of business or job site, can spell doom due to significant fines …
Small And Medium-Size Business And Global Competitiveness
Is foreign trade important for American business? The quick and most definitive answer is a resounding YES!
Here is why:
96% of the world’s consumers live outside of the United States. Therefore, to reach them, exports are the key ingredient.
96% of all firms directly involved in exports are small businesses.
U.S. exports directly support an estimated 12 million good paying U.S. jobs. In fact, in almost all of the 50 states, small and medium-size business accounts for more than 70% of the businesses in that state that have foreign trade as a component of their business.
On a broad …
