Are you an entrepreneur or a technician?
Most business owners are viewed as entrepreneurs because they have the risk tolerance, vision and wherewithal to start or buy their own businesses. However, once the initial decision to own and run a business has been made, most business owners spend less time operating as entrepreneurs and more time working as technicians.
To explain this in a bit more detail, let’s look at a typical employee structure that exists in successful businesses. Continue Reading Working ‘on’ your business not just ‘in’ your business
We’re fortunate to be in a city that is a wonderful place to live, work and do business.
Colorado Springs has been rated as the best place to live in the United States by Money magazine and among the top 25 cities for business by Forbes.
Access to a dependable supply of water is critical to ensure that it stays that way. We need the Southern Delivery System to provide water for our future. Continue Reading Keeping healthy business climate requires water
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, Continue Reading Government to the rescue 2008
Are you worried about the upcoming tax season and the bill that the Internal Revenue Service may be sending you?
Most of the time when we’re unexpectedly caught in a tight financial situation, panic can overcome us and visions of prison creep into our minds. If you think you might soon be in this situation, take a deep breath and relax. Approach the situation logically; you are not going to jail because you owe tax. Continue Reading There are options available if you can’t pay the IRS
“I’m from the government and I’m here to help” is an old punch line that always generates a laugh.
But it is no laughing matter when the annual cost of complying with federal government mandates has grown to more than $1.1 trillion. That means the per household cost of complying with regulations now exceeds that of health insurance. Continue Reading A top 10 list that’s no joke
Recent revelations concerning contractor and government misconduct in the federal contracting sector culminated recently in the adoption of strict new ethics rules. The rules mandate the adoption of a Code of Business Ethics for most companies doing business with the federal government.
Effective Dec. 24, 2007, all federal government contractors must have a written Code of Business Ethics and Conduct and a corresponding awareness program and internal control system within 30 days of award of a covered contract. Continue Reading New regulation sets mandatory ethics standards for government contractors
You might not have noticed, given the media’s fascination with the presidential campaign, but there are 435 U.S. House contests and 35 U.S. Senate races taking place this year.
These are important elections, for even more reasons than you might be hearing about. Indeed, unless I miss my guess, the candidates and press in those many contests are barely talking about one of the most important issues we face: the role of Congress itself. Continue Reading Look for candidates who respect the Congress
Managing a business, small or large, often leaves little time to keep track of national, regional or local economic indicators that might affect your industry and your company.
However, there are a lot of things, such as interest rates, inflation, gross national product, stock prices and consumer confidence that have a direct impact on the profitability of your business and your relationships with vendors, customers and employees. Continue Reading Tough economy calls for tough business
Purchasing commercial real estate or an existing business poses many challenges. The prudent buyer of either will usually allow time to undertake adequate due diligence to determine if the business or property is likely to provide the opportunities the buyer envisions and has any risks that the buyer should consider in determining whether to proceed with the acquisition. Continue Reading Environmental due diligence in real estate and businessContinue reading …
Even with capital gains rates at historical lows, taxpayers always seem to want to defer the payment of tax.
Many real estate investors use the strategy of a 1031 Exchange to accomplish this deferral if they are going to continue their investment in real estate. But the recent presidential debates have raised questions about the future of these capital gain rates. Continue Reading To exchange or not to exchange? — that is the question