The fact that our economy is going through a down period is being talked about through every media outlet and probably most conferences or round tables that you attend.
As a business manager or owner, you know that having loyal and satisfied clients and customers is a large part of your success. However, it’s no longer enough just to satisfy them. The quality of your revenue is as important as its quantity, and loyal customers represent quality revenue. Continue Reading Client Advisory Boards: How can you better serve your clients?
Many of you sitting here reading this article are subject to federal workplace laws and, as a result, you should be concerned about the ruling in CBOCS West Inc. v. Humphries, a case handed down by the U.S. Supreme Court last month.
In Humphries, the court ruled that employees may pursue retaliation claims under Section 1981 of the Civil Rights Act of 1866. Continue Reading Employers and Section 1981 lawsuits — new cause for concern
With all the crazy lawsuits that we hear about these days, have you ever wondered whether you have done all that you possibly can to protect the assets that you have accumulated?
That is when it is time to consider asset protection planning, which is the implementation of legal techniques to protect the assets of individuals and business entities from civil money judgments. Continue Reading Are your assets protected?
In challenging and divided times, it is imperative to find consensus-builders. Americans want results from Washington on the important issues before the country.
Making progress on these issues means hammering out solutions that can command broad support, and we need the politicians who can do it. Continue Reading Consensus is the political skill we need most today
Continuing a long-term trend, race discrimination claims were the most frequently filed charge with the Equal Employment Opportunity Commission during fiscal year 2007.
“Corporate America needs to do a better job of proactively preventing discrimination and addressing complaints promptly and effective,” EEOC Chairwoman Naomi C. Earp said in releasing the agency’s 2007 job bias charge statistics. Continue Reading The 10th Circuit offers lessons about racial harassment claims
Many of us are tired of hearing that the economy is heading into a recession. The trouble is that businesses can either make good strategic decisions and grow through tough times or risk becoming a victim of the down economy.
An important exercise in any type of an economy is to study your business and separate your activities into two categories — core and other. Then decide if any of the non-core activities make sense to outsource. Continue Reading Outsourcing can provide an important strategic advantage when done right
Conventional wisdom states that index funds do very well in an up stock market but stumble during a bear market.
The logic goes that an active manager will be able to see the signs of a downturn in the stock market and know when to get defensive. An index fund, on the other hand, will just stay in the stock market and rack up those losses.
I think we can all agree that we are currently in a down market, so let’s examine how the index funds did versus their actively managed peers. Continue Reading Do actively managed funds shine during bear markets?
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