A post-apocalyptic emergency? The demand is so high. Survival Is Becoming Good Business. Would you buy a year's worth of freeze-dried food for $1,500 to survive a post-apocalyptic emergency? The demand is so high, that Walmart and Costco now offer it for sale. This is just one example of the products that are part of a growing billion-dollar survival industry. Other items such as weather radios, kerosene heaters, D batteries, candles, generators, industrial fans for drying soggy homes and gas … [Read more...]
Go Global to Grow Your Business
Finance expert Mike Periu on how to grow your business internationally. Go Global to Grow Your Business. Expanding into foreign markets or generating export sales are viable opportunities for small-business growth. While selling to a customer in Brazil can be far more complex than one in New Jersey, the margins and scalability of the growth can be far greater. Its important that your company has good local counsel to ensure that you address local regulations and sound operating procedures … [Read more...]
business structure to receive the maximum tax advantage
Finance expert Mike Periu on whether your business is structured to receive the maximum tax advantage. Is Your Business Maximizing Its Tax Advantages? While taxes have always been an important factor to consider when making business decisions, their importance will go up significantly. One way small-business owners can ensure that they are managing taxes as efficiently as possible is to structure the business correctly from a legal perspective. When was the last time you evaluated if a … [Read more...]
Framework for Fiscal Cliff Compromise
Finance expert Mike Periu on the framework for fiscal cliff compromise that is already in place. In mid-2011, Republican Speaker of the House John Boehner and Democrat President Barak Obama were negotiating a deficit reduction. While that negotiation ultimately failed, the terms of that deal could serve as a starting point for negotiations on addressing the fiscal cliff. In that potential deal, both sides had agreed to a tax increase as well as spending cuts. Also on the table were changes to … [Read more...]
Businesses Get Ready for Small Business Saturday
Finance expert Mike Periu on the upcoming Small Business Saturday event. Small Business Saturday (SBS) was a great success last year and many retailers are counting on it to help boost sales in an otherwise difficult year. Across the country, small-business owners and SBS coordinators are preparing their promotional and social media campaigns to gain maximum exposure. Many local SBS campaigns are emphasizing "local" (not just small), and are driving shoppers to support businesses owned by … [Read more...]
Small Businesses Investing More in Social Media
Finance expert Mike Periu on how small-business owners are spending more time and money on social media. November 08, 2012 According to a recent survey by Vertical Response, two-thirds of small-business owners are spending more time on social media, with 90 percent using Facebook and 70 percent using Twitter. Social media budgets are increasing at twice the rate of overall marketing budgets, indicating that social media is consuming a larger portion of overall marketing expenditures among … [Read more...]
Outsource Some Financial Tasks to Save Time and Money
Finance expert Mike Periu why small-business should Outsource Some Financial Tasks. Small-business owners continually make decisions between doing things themselves or paying someone else to do it. It's a trade-off between the cost of your time and the limited amount of cash at your disposal. When it comes to financial and accounting tasks, it can be difficult to know when it's OK to do it yourself and when you need to pay a professional. Depositing checks, setting financial goals, paying … [Read more...]
Leading Investor Offers President Economic Turnaround Plan
Finance expert Mike Periu on Pimco's Mohamed El-Erian's open letter to President Obama to offer Economic Turnaround Plan. November 07, 2012 Mohamed El-Erian, CEO and Co-Chief Investment Officer of the Pacific Investment Management Company or PIMCO, which oversees over $1.8 trillion in fixed income investments, has some advice for the President. El-Erian, a well-respected investor and analyst, has published an open letter to the President offering a four-point plan to turn the economy around. … [Read more...]
What Does Re-Election Mean for Investors?
Finance expert Mike Periu on What Obama's Re-Election Mean for Investors? With the 2012 elections now over, one major unknown for investors has been answered. Obama's re-election will have a significant impact on many industries and investors need to take this into account when making investment decisions. It is now likely that income tax rates on dividend income will increase dramatically. This will hurt stocks, like utilities, that investors seek out for their dividend income. Technology … [Read more...]
Key Trends Will Change How You Bank
Finance expert Mike Periu on Key Trends Will Change How You Bank small banks and credit unions are working hard to win your business. November 06, 2012 Access to basic banking services has become more expensive in recent years. As banks look to offset loan and other losses, they are increasing the fees they charge consumers and small-business owners for paid services and converting previously free services (like checking) to paid. Small community banks and credit unions, however, still have … [Read more...]
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