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Problem: At my company, co-workers generally want to help each other to be as effective as possible. The problem is that most of our jobs are designed to make sure employees are well-supervised and monitored rather than trusting them to find the best way. How can we give workers more autonomy? For several decades, much […]
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As the end of the year approaches, it’s a good time to begin thinking about tax planning. Year-end tax planning could be especially productive this year because timely action can nail down a host of tax breaks that won’t be around next year unless Congress acts to extend them. The expiring tax provisions for individuals […]
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It wasn’t long ago when it seemed that the answer to every business challenge was to “get out and sell more.” Now, business owners are scrutinizing their operations for ways to squeeze out every last drop of profitability. This is a healthy exercise for any economy to undergo, and the surviving businesses tend to emerge […]
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Last Jan. 22, Colorado Springs City Council debated and almost enacted an ordinance to prohibit the parking of recreational vehicles on all city streets for longer than it takes to load and unload. One area of concern was the vacant downtown block at Sierra Madre Street and Moreno Avenue near the under-construction Olympic Museum. There […]
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During the last 20 years, there have been two major real estate meltdowns involving easy money for questionable real estate deals. The first was the RTC/FDIC debacle during the late 1980s and early 1990s, and the second, of course, is the current home mortgage meltdown. Without belaboring in detail the similarities and differences between the two, each episode contains the following elements: (1) vast amounts of capital (far exceeding the market demand) flowing into the real estate market,
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The good news is economists have signaled that nationally the recession ended at the end of the second quarter of 2009. And, Colorado Springs fared even better, with the local recession ending at the end of February. However, most middle market companies are not yet seeing the benefits. High unemployment and a persistently weak housing […]
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By Trevor Dierdorff In case you have been living in a cave the last two weeks… WannaCry is the latest ransomware attack that has kept IT professionals hopping. It spreads by leveraging a Microsoft Windows Server Message Block exploit to remotely access and infect computers running on unpatched or unsupported versions of Windows. It infects […]
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Health care practitioners must be aware that a variety of laws mandate the practice of their chosen profession. Practitioners must only practice or own a practice with other members of their profession, are barred from splitting fees or paying for referrals, must advertise in a non-misleading manner for health care and non-traditional side businesses, etc. Violations […]
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Effective asset management is a critical part of running a successful business. That message has been reinforced by the many middle-market companies with weak balance sheets which have succumbed to the weak economy and frozen credit market. A commonly overlooked asset is intellectual property. According to Dictionary.com, intellectual property is defined as original creative work […]
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Well, I’ve unlocked the secret of President Obama’s agenda for the economy. It certainly was not easy. But it finally came to me as the President signed the financial regulatory bill in July. Apparently, the President of the United States, his top advisers, along with the current leadership in Congress, believe that best way to […]
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A study conducted by Ernst & Young LLP reflects some interesting developments in the hotel industry. Throughout 2009, contracting economies and reduced leisure/business travel across much of the world will continue to put pressure on global hotel markets. Operating performance in the global hotel industry remained profitable, because most hoteliers focused on controlling costs and […]
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Every year, Gallup asks people how much confidence they have in various institutions. The results aren’t surprising. Only 8 percent had “a great deal” or “quite a lot” of confidence in Congress. Big business scored 21 percent. That’s no better than television news. Small business, on the other hand, came in second with 67 percent […]
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