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Monthly Business Tips
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2006 Business Tips Archive
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December 2006 - Boost employee morale with low-cost fringe benefits
Fringe benefits are important to your employees.
Wage levels usually don’t differ much between companies, so the fringes you offer can be an important factor in
hiring and retaining workers.
November 2006 - Give your business a year-end tune-up
Have you given your business a tax tune-up lately? Congress has passed a number of new tax and pension rules
in recent months. A visit to your tax advisor could reassure you that you’re taking full advantage of the tax laws.
And if you act quickly, you might still have time to reduce your tax bill for 2006.
October 2006 - Do your employees appreciate their fringe benefits?
At this time of year, you’re probably putting together
your business budget for 2007. As you work on the payroll numbers, it’s always surprising how much the cost of
fringe benefits adds to base wages. And if you offer health insurance to your employees, that number has probably
been increasing even faster.
September 2006 - Does your business have an over-reliance problem?
Many small business owners share one problem,
especially in their early days. It’s being over-reliant on a single customer or supplier for much of their business.
If you’re in that position, your business is operating with higher risk. Just as with investments, you don’t want
all your eggs in one basket. Your goal should be a well-diversified portfolio of customers and suppliers.
August 2006 - Keep your retirement plan SIMPLE
Offering a retirement plan can be a powerful tool
when you’re competing to attract the best employees. It also helps to motivate and retain your existing staff.
You might even qualify for a tax credit for establishing a retirement plan for your business. That’s why, if you
don’t already have a plan, you should consider setting up a SIMPLE plan.
July 2006 - Make your banker work for you
Have you taken a look at your company’s banking
relationship lately? Probably not. Chances are you opened an account at a local branch when you started the business
and haven’t changed since. But your business and its banking needs have almost certainly changed.
June 2006 - Don’t neglect your succession planning
Succession planning can be one of the most difficult
issues faced by a family-owned business. As a business owner nearing retirement, how do you transfer leadership
(and perhaps ownership) and keep the business running smoothly? Unfortunately, many businesses don’t survive the
transition to the next generation.
May 2006 - Consider your kids for a summer job
Summer’s almost here, and soon most children
will be on their long vacation. If you own or manage a business, have you thought of hiring your children or your
nieces or nephews for a summer job?
April 2006 - Make your business meetings worth the time
Are your organizational meetings dull, uninspiring,
and inefficient? Do they drain morale, waste time, and focus on the past? Would you like them to be vibrant, engaging,
productive, and future focused? If so, here are some suggestions to supercharge your business meetings.
March 2006 - Do you have the right business entity?
Have you reviewed your choice of business
entity lately? That is the legal formation your business is operating under.
February 2006 - Five problems to avoid on your business's Web site
Almost all businesses have Web sites, but
not all Web sites work well. Here are five common problems to avoid.
January 2006 - Does your business have a retirement plan?
If you believe retirement plans are a luxury reserved
for big business, think again. Small businesses and the self-employed can choose from a variety of plans specially
designed to keep costs low and administration relatively simple. |
"Business Tips" are published monthly to provide useful business information. Return to
this site every month for helpful suggestions on how to make your business more profitable.
The information contained in this site is of a general nature and should not be acted upon in your specific situation
without further details and/or professional assistance.
If you would like more information on anything in "Business Tips," or if you'd like to be on our mailing
list to receive other business, tax, or financial information from time to time, please contact our office. We're
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We currently have individuals licensed to offer securities in the states of New Jersey, California, Connecticut,
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advisory services in New Jersey, Connecticut, Delaware, Florida, Maryland North Carolina, New York, Pennsylvania,
Texas and Wisconsin. This is not an offer to sell or provide investment advisory services in any other state or
jurisdiction. Securities offered through 1st Global Capital Corp., Member FINRA/SIPC. Investment advisory services
offered through 1st Global Advisors, Inc.
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