Although he expected a “sluggish and mild environment” during the beginning of the year, Keith Hembre, chief economist and chief investment strategist for FAF Advisors, said that the economy was instead moderate, with stable unemployment and robust corporate earnings. But that’s not all that happened in the economy, he told the audience at U.S. Bank’s economic update breakfast at The Antlers Hilton.
Take a few deep breaths — everything’s going to be fine. “This crisis is not uncommon,” said James Paulsen, chief investment strategist with Wells Capital Management. “It’s important to realize we have crises regularly. With capitalism, if you’re not in a crisis, you soon will be.” Here are some examples: The dot-com disaster — “corporate balance sheets were terrible in 1999.”
When it comes to owning a medical practice, managing finances can be a little tricky. “In health care — unlike, let’s say, retail where you’re paid at the point of purchase — you’re not paid for maybe a month or more after you provide the services or the treatment,” said...
During a business panel at the Antlers Hilton last week, an audience of Middle Market Entrepreneurs, a Peak Venture Group program, learned about the economic outlook, the national deficit and the one thing businesses cannot afford to overlook during the current economic climate.
As promised last week, this column includes local survey results about business activity and what to expect in El Paso County for 2009. Fred Crowley, senior economist and senior instructor at the College of Business and Administration at the University of Colorado at Colorado Springs, gave the audience at BiggsKofford’s Entrepreneurial Corner some insights about local economic issues.
“We’re seeing the first signs of spring in the thaw of credit since the crisis began in August,” said Scott Anderson, senior economist for Wells Fargo Economics. “The April economic data showed a fair amount of economic stabilization, suggesting the slump hasn’t gained much momentum.”
“Don’t pull the covers over your head,” Kurt Kofford told business owners during a Recession Readiness Assessment seminar at BiggsKofford PC. Being realistic about what’s happening in the current marketplace is an important element of business preparedness. “For some business owners, it will be a matter of surviving,” Kofford said. “But for others it will be about thriving.”
What would happen to your business if, for instance, a water main broke nearby and employees and customers could not access your building for 10 days? Many entrepreneurs are so busy with the day-to-day responsibilities and challenges of running a business that they forget to prepare for the inevitable. And, no, that’s not being pessimistic.
My fears — that all the espresso in the city would not suffice to keep me awake during an early morning international business seminar — were entirely unfounded. Roy Becker’s presentation to a group for the Office of International Affairs at the Pikes Peak Workforce Center was witty, memorable and useful.
Dave Ramsey likens becoming wealthy to making great barbecue. “You have to cook it for a long time,” he says. “There’s no such thing as quick, good microwave barbecue.” Ramsey should know. By age 26 he had a $4 million real estate portfolio, but lost it all by age 30. So he decided to change his financial strategies, after going on a “quest to find out what older rich people are doing to win — what financial principles they have.”
Financial institutions are watching the progress of a bill in the U.S. Senate that would allow banks and credit unions to provide services to cannabis businesses. Most banks and credit unions have shied away from offering these services, but passage of the SAFE Banking Act in the Senate and signing...
When Yemi Mobolade and Russ Ware were looking to open Wild Goose Meeting House six years ago, they learned what many budding entrepreneurs discover: It’s not easy for startups to find financing. “We took money from our 401ks, coupled with money from close family, friends and two people from the...