There’s an old expression in business that “cash is king” and it’s so true. Cash is the lifeblood of any business because you can’t operate without it. In recent years, cash flow has consistently been listed as one of the top reasons why businesses fail, although that may be improving according to The Gallup Economy […]
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The number of small businesses that offer health insurance to employees continues to decline, according to a new report from the Colorado Division of Insurance.
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It’s happened to all of us. We are told one thing by leadership, and then they do the opposite. One company had as its slogan that it valued its people, promised no layoffs, but 3 months later laid off 5 percent of the workforce. By the third layoff in 18 months, the workforce certainly did […]
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Some businesses in Colorado are getting more loans than in recent years under a new Small Business Lending Fund. The U.S. Department of the Treasury released a report this week showing that Colorado banks have increased their small business lending by $79.4 million since receiving capital through the fund. The SBLF was established as part […]
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A Democrat full-court press campaign this week for the extension of the payroll tax cut failed to sway Senate Republicans. Thursday they defeated President Obama’s plan to extend the payroll tax cut through the end of next year. The Senate Republicans also voted down an alternative plan backed by Mitch McConnell, R-Ky., to renew an […]
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Given a camera and a couple of props, even the most stern businessman or nervous mother-of-the-bride loosens up. That’s the idea behind the business, Say Fromage, which totes a photo booth, complete with funny hats, glasses and feather boas, to Springs parties and events. Party and event-goers are invited to pop into the booth and […]
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Inappropriate sexual remarks to co-workers Inconsistent productivity Reduced profit Disparaging comments about the company left on Facebook Taking money from a cash register. These are all real examples that have forced employers to terminate jobs. No business owner wants to be put in the position of having to fire someone or have lay-offs but sometimes […]
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The appointment was nearly over. The man had talked at length about his business but had also shared a lot about his personal life. He lived a lifestyle that many people would consider enviable, with a lovely family and stature in the community. The owner of a successful and respected company, he earned substantial personal […]
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A computer numerical control router, some software and a man who knows his way around both: That sums up Colorado CNC Shop, the operation owned by Andrew Townsend. Deft skills with his woodworking tools and a knowledge of a number of design programs allow Townsend to complete projects that would typically take multiple people much […]
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As we near the end of December, it’s time think about how our businesses have fared this past year and what we’ll do differently in 2012. Over the next few weeks, we want to discuss some areas of assessment that should be considered as you begin to plan for next year. Next week we’ll look […]
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If you’ve been a business owner for any length of time and have employees, you’ve most likely had this scenario occur: You asked someone to do something, thought you had made your instructions clear, and expected it to be done. But it wasn’t done correctly or at all. You felt frustrated, annoyed and maybe downright […]
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Supervising people is a thankless task. Anyone who has supervised employees knows that directing the performance of others requires patience, skill, and courage. People come to work with all of the messy stuff of life, including their own expectations and demands. And as business becomes more complex, and management styles more involved, it is hard […]
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