One of the most important lessons many entrepreneurs have to learn is that cash really IS king. Simply put, it doesn’t matter how much money you generate in the future if you don’t have enough cash to pay your bills today. To run a successful business, your employees need their paychecks, landlords need their rent […]
Dr. Amala Chirumamilla, cardiologist at Metropolitan Cardiology in Suffern, which is part of Bon Secours Medical Group, gave a presentation today about #Heart Health for #HeartMonth at the Mahwah Regional Chamber of Commerce Women in Business Initiative (WIBI) Breakfast. She discussed risk factors for heart disease, how heart attack symptoms for women are different than […]
Have You Got What It Takes To Be A Small Business Owner?
Online lender Kabbage surveyed 400 small business owners (SBOs) to understand their professional and personal challenges, and how they create a work/life balance in pursuit of their passions. The findings are not surprising. Thriving small business owners are highly motivated to succeed, which leads them to make countless personal and financial sacrifices to build their […]
The Tax Cuts and Jobs Act (TCJA) passed in December 2017 made significant changes to the income tax laws for 2018 and beyond. The new legislation introduced some major adjustments to business tax law, including a lower corporate tax rate, new rules for pass-through businesses, and a tax break for some industries. One of the […]
I Want To Begin A Customer Appreciation Program But Am On A Budget. Any Ideas?
A: Here are five fantastic, fun and fabulous ways to say thank you and show your gratitude to your customers: 1. Write a Note. A proven way of showing gratitude. Can you remember the last time you received a handwritten thank-you card? 2. Spend Quality Time Together. Schedule breakfast/lunch at your customer’s office; invite their […]
Can I Deduct The Cost Of My Trip To The Shore This Summer?
A: Yes and here’s how: Make all your business appointments before you leave for your trip.Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible. Prepare before you go! You must have at least one business appointment before you leave in order […]
A: Don’t you just want to cringe when this happens? You are enjoying a party, when “Tom” asks what you do, and upon receiving the answer, suddenly “Tom” is providing you his life’s story and asking you for free advice. What’s your response? You do want to help him out, but unless you are running […]
Should I Be Concerned About The Effect Of Technology On My Business?
I was at a Technology Summit earlier this year and this was the theme of the conference. I was amazed as to how many businesses have become obsolete due to recent technology.Case in point — anyone remember Blockbuster Video? Music Stores? Borders? Consider how many businesses have been affected by uber, amazon and ebay! The […]
Employer Vs. Independent Contractors? How Do I Decide?
A: Small business owners must perform their own due diligence when hiring and classifying workers. Owners who currently use independent contractors should consider reviewing the nature of their relationships with them. Before classifying your workers as Independent Contractors, New Jersey employers should ensure their workers satisfy what is known as the “ABC” test: (A) The […]
Here is the truth… very few small businesses have dollars allocated to marketing in their budget. And if they do, it is a calculated number (probably based on a % of sales) with no real strategy backing it up. Why? Because every business is different and unique and many of us really don’t understand how […]