Advice
172 results total, viewing 1 - 10
One of the nice things about running your own business is that you can take a tax deduction for 50 percent of expenses related to entertaining clients, customers or employees. There are, of course, rules. For example, you can deduct entertainment expenses only if they are both “ordinary” and “necessary” and meet one of two tests: the “directly related” test or the “associated test.” more
There is often a misconception about the scope of export-controls regulations. Consider, for example, a manufacturing company that sells its products, maybe including military items, to customers that are all in the U.S. Perhaps the customer is the U.S. federal government itself, either the Department of Defense or one of its military branches. Alternatively, consider a company that is not a manufacturer, but rather solely a provider of engineering or other services to domestic clients or perhaps directly to the U.S. government. more
If you want to gain NEW self-confidence, look for OLD information. Old is often new. more
Thanksgiving last month made me realize it’s the coolest holiday of the year to me. I love it – food, family, you name it. It’s a time to be thankful. more
Most business owners are acutely aware that every penny they spend on what might be considered nonessentials is one cent that’s not being invested back in their business, whether it’s flying three executives from New York City to Chicago to meet with a prospect, or flying 100 executives from New York to Frankfurt to attend a major pharmaceutical conference. more
Most business owners and startup entrepreneurs know that their survival and success depends on maintaining a competitive advantage of some kind. more
If you’re thinking about taking out a new home-equity line, you’re hardly alone. Credit lines tied to home equity – popularly known as HELOCs – are one of the fastest-growing segments in the mortgage market. Volume during the first half of 2014 is up by an extraordinary 21 percent compared with the same period last year, according to data collected by credit bureau Equifax. more
We’ve all been in situations where we struggle with helping someone understand something. Usually we take a breath and utter (either aloud or to ourselves) “let me see how I can explain this.” This situation is an example of the curse of knowledge. more
In December 2011, The Westerly Hospital had depleted its endowment and was less than two weeks away from completely running out of money. Founded in 1925 and employing some 800 people, the hospital was and remains an economic cornerstone. Accordingly, Rhode Island Superior Court Justice Brian P. Stern placed the hospital under the protection of a court-supervised special mastership, appointing me to that role. My team and I were charged with finding a way for the hospital to remain viable, retain jobs, and continue to actively serve the health care needs of the community. Over the course of two-and-a-half years, it has been rewarding to see the end-result: an economically viable hospital. more
Here are two words that customers love to hear: “free” and “discount.” But for a small business, those words can be dangerous. more
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