Take a Shot at a SWOT Analysis

Many business owners have used strengths, weaknesses, opportunities and threats (SWOT) analyses to frame their strategic planning. If you’re looking to map out your company’s next big move, now might be a good time to take a shot at it yourself. Think about your customers A SWOT analysis starts by spotlighting internal strengths and weaknesses [...]

By |2019-07-25T09:20:43-04:00March 7th, 2016|Blog|Comments Off on Take a Shot at a SWOT Analysis

Your Accounting Software Should be a Many-Splendored Thing

You’ve probably heard the song, “Love is a many-splendored thing.” Well, your company’s accounting software should be, too. That is, you’ve got to make sure your system does all of the big and little things necessary to efficiently and accurately track your financials. It’s not only about revenue Annual revenue doesn’t always dictate what software [...]

By |2019-07-25T09:20:43-04:00February 24th, 2016|Blog|Comments Off on Your Accounting Software Should be a Many-Splendored Thing

5 Ways to Cut Costs and Improve Cash Flow

When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid on time?!” But it’s important to remember that cash flow is affected by a variety of elements. For example: Operating expenses and overhead can have a significant impact. Here are five [...]

By |2019-07-25T09:20:43-04:00February 17th, 2016|Blog|Comments Off on 5 Ways to Cut Costs and Improve Cash Flow

Is It Time To Get Accountable With Your Employees’ Expenses?

Many companies start out, and get pretty far down the road, using the “per diem” approach when reimbursing employees for lodging, meals and incidental expenses. Doing so involves the use of either IRS tables or a simplified high-low method to reimburse workers up to specified limits. The per diem approach is relatively simple and doesn’t [...]

By |2019-07-25T09:20:43-04:00February 10th, 2016|Blog|Comments Off on Is It Time To Get Accountable With Your Employees’ Expenses?

The Tragic Tale of a Troubled Business Succession

It’s a tragic tale that plays out in many businesses across the country. The owner of the company believes he’s finally ready to trigger his succession plan and retire. So he names his daughter as his successor, enjoys his retirement party and departs for his vacation home. Reluctant retiree For six months of the year, [...]

By |2019-07-25T09:20:43-04:00February 3rd, 2016|Blog|Comments Off on The Tragic Tale of a Troubled Business Succession

Fortify Your Benefits Plan with Fiduciary Liability Insurance

Among the most contested areas of employee benefits litigation is an employer’s fiduciary duty to its plan participants and beneficiaries. The cost of defending yourself can be steep — regardless of fault. That’s where fiduciary liability insurance fits in. Who’s a fiduciary? ERISA defines a plan fiduciary as an individual who: Has discretionary authority or [...]

By |2019-07-25T09:20:44-04:00January 27th, 2016|Blog|Comments Off on Fortify Your Benefits Plan with Fiduciary Liability Insurance

Competitive Intelligence is a Strategic Imperative

All too often, the competitive efforts of many companies are internally focused. Many businesses seek to develop better products and services without knowing enough about their competition. To truly hone your competitive edge, you need to constantly ask one simple question: “What are they up to now?” And the best way to get answers is [...]

By |2019-07-25T09:20:44-04:00January 20th, 2016|Blog|Comments Off on Competitive Intelligence is a Strategic Imperative

4 Keys to Telecommuting Success

If your company is getting aboard the telecommuting trend, consider the following four keys to success: 1. Set a trial period. Begin with a two- to six-month period during which the employee and his or her manager can get a feel for just how (and whether) this arrangement will work. If either side is unhappy [...]

By |2019-07-25T09:20:44-04:00January 13th, 2016|Blog|Comments Off on 4 Keys to Telecommuting Success

Craft Your Mission Statement for Maximum Impact

The right mission statement can be a strong motivational force for employees — and a powerful marketing and branding tool. But, whether you’re writing one for the first time or creating a new statement as part of a rebranding effort, you’ve got to craft it carefully for maximum impact. Here are a few guidelines to [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on Craft Your Mission Statement for Maximum Impact

5 Questions to Ask Before Buying New Technology

It’s often hard to tell whether your company really needs the latest tech tool or you’re just trying to keep up with the Joneses. Before you invest in anything, ask five questions: 1. Where are we lagging? Survey your managers and employees about what they need to do their jobs better. Also question industry colleagues [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on 5 Questions to Ask Before Buying New Technology