Negosentro | How To Be The CMO Of An Online Business | Welcome to the dynamic world of
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Negosentro | Should You Rent Or Buy Shipping Containers For Your Business? | Business gurus agree that shipping
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For many businesses, summer is a slow time. Customers and clients may be on vacation, and you may have time on your hands. Don’t waste this time. As Miles Davis said: “Time isn’t the main thing, it’s the only thing.” Here are 10 things—in no particular order—that you can do now to save you money, improve operations, and position you for growth in the future. 1. Take stock of your business. With half the year over, look at your numbers year-to-date. Have you been as profitable as you anticipated? What problems did you have and how did you solve them? […]
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In today’s rapidly changing economic landscape, the role of business leaders has become…
If your business has employees—including yourself—there are employment tax obligations imposed on the company (the “employer”) by the federal government. There are also state and local employment tax rules, such as paying unemployment taxes. The failure to follow the rules can result in penalties for the company, or even for you, personally, as the owner. The following are some problems related to federal employment taxes…and what you can or should do about them. Problem 1: Misclassifying workers to avoid employment taxes If workers are independent contractors, there are no employment tax responsibilities on the company. This is a substantial cost […]
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Can you believe that half of 2023 is over? The first half of the year has been a rocky one economically speaking. There were several interest rate hikes from the Federal Reserve, inflation moderated somewhat, and the debt ceiling crisis was averted. But according to the NFIB Survey for May 2023, optimism among small business owners continues to be well below the historic average. There are still supply chain disruptions and labor shortages. Where does your business stand? In order to do any tax planning, you need to assess your business performance for the first half of the year. Tax […]
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“To me, success is not about money. It’s about what I design.” —Paula Scher It doesn’t matter what your goals are. They can be real-estate-related, or real estate can be the investment vehicle that allows you to achieve your goals. The important thing is to be clear and specific about your goals. You can’t just […]
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It’s common knowledge that having a business plan is helpful, if not essential, in running a successful business. But savvy business owners know that having backup plans to address anticipated or unexpected contingencies is just as important. Understand how contingency planning operates and what matters you should address so that you’ll be prepared to handle a recession if it should happen. How plans B and C work The concept of contingency planning is nicely illustrated by HUD’s approach to winter planning back when COVID-19 was a serious issue. Plan A covered the usual or normal projected needs of communities for the […]
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Father’s Day is a few days away and this day reminds me of the business lessons I learned from my dad at the dinner table each day while I was growing up. He was a co-owner of a machine shop—a small business—that made parts for such items as telephone equipment, helicopters, and the Minuteman missile. Needless to say, his lessons—spoken and unspoken—had a profound impact on me. This is a blog I’ve run before but wanted to honor my dad by re-running it now…with some modifications. Lesson 1: Running a small business is 24/7. My dad talked about the routine […]
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There’s tremendous partisanship reported regularly in the media. But in actuality, there’s considerable bipartisan action going on. Small business matters shouldn’t be partisan; issues need to be addressed. Fortunately, the Small Business Committee in the House has taken some steps to help small businesses. The following is a brief overview of current bi-partisan bills on small business matters that have passed the Committee. Be sure to communicate your support or disapproval with your representative in Congress…you can make a difference. Current bills on small business matters 7(a) Loan Agent Oversight Act The SBA’s 7(a) loan program is the most common […]
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After pulling back on investment property purchases in the second half of 2022, Paul Lizell has become “cautiously bullish” in early 2023. “We’ve really shifted, and right now we’re very, very bullish, but cautiously bullish, too, because I don’t know what events are going to come in that could throw a monkey wrench into my […]
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Times are tough right now for small businesses. With the effects of the pandemic still lingering, along with the current cost of living crisis, keeping a small business afloat can be difficult. While these are not things you can control as a small business, improving productivity and organization (among other things you can control) can be beneficial in keeping your business competitive. You will find that by making adjustments and improvements to your business, you will be able to maintain your loyal customer base as well as gain more customers in the future. So, how exactly do you make these […]
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