Silver and gold

I have quite a few clients that have been have been purchasing gold and silver coins.  Granted we are not talking Scrooge McDuck quantities but more than the average person has. They are not expecting an impending apocalypse but they like to have the coins and bars.  ...

Over or Under Capacity

It is always interesting on how businesses cope with under or over capacity.   I had heard that one owner of a printer shop that had opened a restaurant.  The employees of the print shop were trained to work all aspects of the restaurant.  So that when the...

Networking Groups

I was recently looking at a new networking group.  Since it is a new group I am finding the dynamics very interesting.   Most Networking Groups in my experience have fallen into one of two groups; the first is for local personal referrals.  Typically any...

Online Footprint

The FCC had approved plans in 2016 to bar your internet service provider (ISP) from selling your collected online activities.  But Congress quickly voted to repeal these changes.   So your ISP is making money selling any and all information collected on you to...

KPI’s

I was recently at a meeting for Next Level Northwest a business accelerator, there was a presenter who was talking about her business and casually mentioned KPI’s.  I don’t think the room took much notice.   I don’t think that they took much notice because not...

In or on your business

How long and often are you working on your business, versus working in your business?   What I mean is, if you are working on your marketing plan, networking or writing blog postings or paying your bills; you are working on your business.   If you are...

Accountability

Ok, you have just started your business, who is going to hold you accountable?   Do you have the capacity to force yourself to do all of the easy and hard tasks before you to make your business a success?  Is your family depending on you to succeed?  If so, you...

Right Person

There was a client who struggled with finding a competent department supervisor.  Over the years they brought in outside people, they promoted up internal people, they transferred over people from other departments. Nothing worked they struggled to meet minimum...

Garage Business

When I started my business I worked out of my house.  With small kids the house always looked like a bomb went off, not to mention I am not zoned for client visits.  So I had to meet client’s elsewhere.   This was a limiting prospect on my business.  I had grown...

Really?!?

I was reading and I ran across this statement where Congress is looking for more tax revenue:   “Employer-paid health premiums aren’t included in an employee’s taxable wages, even though the employer is able to deduct the amounts as a business expense.”  ...

Data, Metrics and Analysis

I am working with a client whose business is going through a transition.  While they have years of data, which will assist in determining what is happening in the business, this is not quite enough to answer the questions.   I have started pulling the data...

Board of Directors

I have been asked to sit on a few Board of Directors (BOD) and Board of Advisors (BOA) in my time.  Some were Not for Profits some were for private businesses.   Surprising the NFP boards were the most difficult to be on, they tend to be more social oriented less...

Industrial Espionage and Competitors

I was listening to a podcast, probably “Under the Influence”, they was talking about Coca Cola and Pepsi.  It seems that Pepsi had overheard, discovered or stumbled over Coke’s marketing plan.   But Coke was not worried.  It was explained away by these points:...

Change of address

“`I just had a client call asking about their refund.  They had not presented us with their banking information so the refund was going to be a paper check.   But, also they moved at the beginning of the year.  But all of the tax docs for this new client...

Household spying devices

Apple has finally made it to the table, joining in with Amazon, Google, and Microsoft in allowing us to pay to put  spying devices in our household.   It is expected that the Apple loyal will allow Apple to quickly gain traction with its voice-activated speaker....

Another Chinese Barrier

China has put into effect a new cybersecurity law, mainly to vex U.S. companies.   The policy went into effect on June 1; it is expected to cost large firms millions of dollars to comply with.   The tangle of rules will be especially tricky or near...

Smartphone security

How many of you have protection on your businesses smartphones? My guess is none have done it, yet.   As more and more of your business transaction and personal lives are run on these phones security should be a much higher concern.   The protection of...

Voting Rights

It seems that the big investors are finally getting fed up with stocks that don’t come with voting rights for shareholders.   Mutual funds, asset managers and other large institutional investors are finally pushing financial regulators to stop firms from issuing...

Storage

We now populate the odd urban locations and out of sight suburban areas with storage unit facilities.  This has allowed a specialized group of people to capitalize on our near complete inability to make a decision.   I have known multiple people who while moving...

Rental Properties

I have quite a few clients who own rental properties that generate actual cash flow, but because of the depreciation expense of the properties generate actual tax loses. Over the years, I have had clients that were reluctant landlords.  With personal changes in their...

Pin It on Pinterest