News
Employee Retention Tax Credit: Why Most NJ and PA Companies Qualify
As you are undoubtedly aware if you are a business owner, the COVID-19 pandemic related lockdowns caused great headaches for businesses, especially smaller ones who suddenly had no customers and still had to pay employees. The Employee Retention Tax Credit, a provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, was recently added […]
Read More...Dealing With The Unexpected In Business
Patrick Stewart, CIRA Monument Advisors Anybody who has owned or operated a business in the last few years would probably agree with the old adage that “the only constant is change.” While change can be good, it can also spell trouble, and it often hits us when we least expect it. The recession and sluggish […]
Read More...Time is the Only True Metric
A car dealer once remarked that “it’s easier to fix the score than fix the store” and in my experience, that’s a true statement. The reality is there isn’t a performance metric that can’t be manipulated. Even profit, the bottom line, can be manipulated with special dividends, reserve adjustments and other accounting gimmickry. If you […]
Read More...Throw Away Your Financial Statements
Throw them away, or at least don’t look at them. Put them away for now. During a pandemic you don’t need a consultant or fancy forecast model to tell you cash is king. You need to know exactly how much you have, where more is coming from and where it should go. If nothing is […]
Read More...The New Hire You Really Can Afford
Increase the Value of a Business when it’s Time to Sell We live in an on-demand world where you can get almost anything you want, whenever you want it. But one thing you can’t get immediately is increased value in your business. That takes time, effort and sometimes the expertise of a professional who specializes […]
Read More...The Future of Breweries in America?
Sometime in 2015 the number of US brewers passed four thousand with much fanfare for those that pay attention. It’s easy to think of this a truly American achievement, but the fact is we are a relatively young country and I wondered if there was somewhere else that we could learn a few things. Being […]
Read More...The Art of the Job
Somebody said to me once that if you want a job done, pay somebody to do it. Their point was that if somebody is getting paid they will throw their full efforts and abilities into getting the job done. The problem, however is when the job continues past the point of usefulness and continues for […]
Read More...Sustainable Change
You Can Keep the Change There is so much advice about change that it fills the pages of innumerable books found in just about every manager’s office. Admit it, you probably have one. If you ask anybody about an existing process, they will probably come up with a way to change it. There are as […]
Read More...Wow, I didn’t see that one coming!
Dealing with the unexpected in business Patrick Stewart, CIRA Monument Advisors Anybody who has owned or operated a business in the last few years would probably agree with the old adage that “the only constant is change.” While change can be good, it can also spell trouble, and it often hits us when we least […]
Read More...Lean Into Your Business
Just in Time, Lean Manufacturing or even the Toyota Production System has grown beyond manufacturing into Lean Business. As business professionals get better at Lean, they find more applications for it. Distribution, healthcare and even banking are all candidates. But there is more to Lean than just systems, it is a way of thinking. Understanding […]
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