Don't let the poor job market fool you. Employee retention is not an issue to be put on the back burner. With the poor state of the job market, many business owners take it for granted that their employees won't quit. This relaxed attitude towards employee retention has reduced employer engagement on addressing employee-related issues. It’s a mistake to assume that your most talented employees, especially your superstars, won’t consider offers by competing companies. Assuming that a poor job … [Read more...]
Don’t Let Uncle Sam Spoil Your Gift Giving This Holiday Season
Are holiday gifts for your employees and clients deductible? Before you start spending this holiday season, read up on these IRS rules. As we enter the Christmas season, many business owners want to display their gratitude to customers and employees by showering them with generous gifts. During this tough economic environment, making the extra effort to display appreciation will be duly noted. Yet many business owners fail to realize that the IRS takes a different view of gift giving. They tend … [Read more...]
Does The Occupy Wall Street Movement Have A Point?
The Occupy Wall Street Movement: Who is the 1 percent, and should they pay far more in taxes because of their successes? The Occupy Wall Street movement appears to be losing its steam due to evictions and bad weather, but their rallying cry of the 99 percent appears to have struck a nerve—at least with the media and some politicians—and will likely be a key theme of the 2012 election season. The central issue that these people are raising is fundamentally one of perceived fairness. In their … [Read more...]
3 Business Lessons From The Godfather
The Godfather: One of the most successful movies of all time can lend you some valuable business lessons. The 1972 movie The Godfather is without question one of the best motion pictures ever produced. It was the top-grossing movie of that year, won multiple Academy Awards and launched a genre of movies that catapulted the theme of organized crime into the popular culture spotlight (for better or for worse). Before the movie, there was Mario Puzo’s novel of the same title, written in 1969. The … [Read more...]
How To Address Language Barriers In The Workplace
Don't let your multilingual workplace be a burden. Address language barriers and embrace its effects. In small companies across the United States, it’s not uncommon for two or even three languages to be spoken during the normal course of business among the employees. This reflects the larger demographic trends across the country: We are becoming more diverse and assimilation by new immigrants is taking longer than in previous generations. This trend is having a profound impact on how owners … [Read more...]
J.C. Penney Announces Martha Stewart Living Omnimedia Deal
The new deal has great potential to benefit both J.C. Penney and Martha Stewart, but was the decision a wise one for J.C. Penney? On Dec. 7, J.C. Penney, a leading department store chain, announced that it is acquiring a 16.6 percent stake in Martha Stewart Living Omnimedia (MSLO) in exchange for $38.5 million in cash, or $3.50 per share. J.C. Penney will receive one board seat as part of the deal, and MSLO will issue a special dividend of 25 cents per share. In addition to the investment, … [Read more...]
Scam Artists: Spot Financial Scammers Before They Suck You Dry
The stories of three recent scam artists; how they pulled off a heist and how you can protect yourself Small-business owners work very hard for their money. When a business becomes successful, it’s either sold for a large profit or it produces significant amounts of cash that can be taken out of the business instead of reinvested. In either case, the owners must decide what to do with the money. Unfortunately, many wealthy entrepreneurs lack the skills to evaluate investment opportunities, … [Read more...]
Beware Of Common Frauds And Scams
A closer look at three typical fraudulent schemes, Beware Of Common Frauds And Scams and how to avoid them Scam artists and fraudsters understand human nature very well. They manipulate our fear and our greed to take our money. As someone who has been the victim of a scam, I know firsthand how these people can read our weaknesses and adapt their pitch to get what they want. In hindsight, and with more information, it’s easy to see why a particular opportunity that turned out to be a fake had … [Read more...]
Should You Invest In Google Analytics Premium?
Google is rolling out a new premium version of Google Analytics that comes with a hefty price tag. Is it worth the cost? Google, Inc. recently announced the launch of a new premium version of Google Analytics. Unlike the standard version, it carries a hefty annual fee. Web-based transactions represent a larger portion of a company’s lead generation, revenues and profits, so having more robust tools to measure the performance of websites is critical for business success. But does your … [Read more...]
Resist The Pressure To Lower Your Standards
Here's the damage you could do to your business if you compromise quality. Why You Should Resist The Pressure To Lower Your Standards The ability to maintain your business’s standards is one of the best indicators of long-term success. Business owners can be under pressure to lower their standards for two main reasons: when conditions are abnormally bad or when they're abnormally good. If revenues and profits are down, some business owners can’t resist the temptation to lower their standards. … [Read more...]
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