If any privately held or publicly traded business did their books like Washington does, they would have been in jail a long time ago – forget about Sarbanes-Oxley.
American Business Magazine recognizes business owners who are succeeding in challenging economic times. Announcing American Business Magazine’s 2011 Business of the Year.
Donald Trump talks about his life and business philosophy in this no frills interview.
Approximately six months ago, GPS compiled a list of extraordinary people with extraordinary stories. From that list, we selected the individuals we thought were most inspirational. The Mark Cuban story is as inspirational as it is fascinating. We wanted to offer our entrepreneurial readership the opportunity to peer into the mind of an exceptionally successful, [...]
Renowned economic authority Ben Stein sits down with GPS to discuss a variety of topics ranging from business to his personal life. Read what he said regarding the future of the economy, the pros and cons of being famous and what he would do if he had an easy button.
As a tax consultant, I have personally met with hundreds of business owners throughout the United States, from all walks of life, engaged in a wide variety of industries. While the differences between individual business owners are enumerable, I have found that, by and large, these owners have one circumstance in common—they are all very [...]
A “disaster” is defined in one dictionary as “a calamitous event, especially one occurring suddenly and causing great loss of life, damage, or hardship, such as a flood, or an airplane crash.” The word “disaster” cannot convey the mental and physical anguish that results from such a “calamitous event.” During times of widespread disaster, people [...]
Do you trust the government enough… to do your estate planning? Lindsay Lohan in (and out of and back in) rehab, Charlie Sheen’s party life, the economy on the upswing, the economy on the downturn… In light of all of these stories, it’s easy to overlook the significant changes in the federal estate tax law [...]
With data, you create value only by putting it to productive use. The more purposes your data serves, the more profit you will derive from it. For a variety of reasons, the diverse applications that allow you to leverage your data fully might need their own databases. Data sharing is, thus, a critical issue for [...]
Information technology plays a critical role in the success of many organizations. Software, applications and electronic data are vital to how companies operate, and when they aren’t available due to a disaster or outage, business is slowed or stopped altogether. In the short term, outages result in data loss, employee and customer frustration and lost [...]
I first learned about business strategy while in college a very long time ago. If memory serves me well then the definition goes something like this: the direction and scope of an organization over the long term that produces advantage for said organization through its allocation of resources to meet the needs of markets and [...]
As part of the business valuation process, analysts and editors in my department conduct phone interviews with clients to learn more about their companies. I’ve probably performed at least 100 interviews already, but one particular interview stands out as the most memorable in my two-and-a-half years of employment. He was not the most talkative and [...]
It’s no secret that there has been sweat building up underneath soon-to-be-graduates’ mortarboards since the economy’s demise in 2008. As 1.7 million students graduate with their bachelor’s degrees in the winter-spring session, according to the U.S. Department of Education, some may already have jobs waiting for them. However, according to the U.S. Bureau of Labor [...]
It’s an ongoing challenge for many small business owners in virtually every sector of the economy: figuring out how to motivate and retain employees who are essential to the company’s success without granting them an actual ownership stake.
To make your IT infrastructure more environmentally friendly, you must first sow the seeds of change. Here are several ideas for greening your silicon patch. It took some convincing, but now it’s clear that there are an abundant number of reasons to pursue a higher level of earth consciousness. In less than a decade, the [...]
Here we go, yet another pundit telling you how social media has changed the world, how everything will be different, how traditional media is dead, etc. I admit it, I believe some of that stuff. And yes, I plan to discuss certain aspects of it; however, it’s not going to be my primary focus. Instead, [...]
Do you feel tired, irritable, anxious, tense, discontented or aggravated? If you answered ‘yes’ to any of these, you might be feeling the effects of stress. Astonishingly, many of us know the impacts of stress on our lives, but we aren’t really aware just how severely stress can negatively influence our lives, our happiness and [...]
Exploring the benefits of working with a private investment firm There comes a time in the life of every family run business when its owner begins to wonder if it’s time to sell. In many cases, a business owner gets to a point where he or she is unable to take the business to the [...]
The sounds of Crosby, Stills, Nash and Young serenade excursion customers as they step aboard The Cat, Jim Trilling’s pearl white catamaran. Like entering the living room of a palatial home at sea, guests hand their shoes to Trilling’s crew. That’s so The Cat’s deck stays spotlessly clean. It’s hard to read Trilling’s eyes behind [...]
Businesses that rely on fleet vehicles to provide products and services to their clients can experience tangible financial benefits with GPS fleet tracking. GPS tracking essentially puts you in the passenger seat of every truck in your fleet. By tracking your vehicles, you can gain complete control over your fleet, significantly reduce costs and improve [...]
Startups struggle when it comes to establishing recognition and credibility. Winning awards can help small businesses achieve both and lead to long-term growth. The benefits of awards Never underestimate the power of winning of awards. Awards can: Attract venture capital – Investors and the banking community review awards, lists and rankings to identify high-growth businesses. [...]
Dear Dave, I operate a window business in a small town. I have an employee that I’ve trained for a year, but we don’t seem to share the same vision and morals. We have nothing in common and we hardly ever talk. He usually does his job pretty well, but it’s an uncomfortable situation and [...]
It takes a certain type of mindset to lead a construction company to success. Most construction company owners started out working for someone else, became experts at a technical skill and then decided to go into business for themselves. Their desire for independence is rarely motivated by money. Rather they are entrepreneurs who want to [...]
During my time working with (and for) companies large and small, I have discovered that there is a common element to the most successful businesses. The most successful companies have a sales culture. A sales culture is a philosophy that permeates the company, from the corner office to the loading dock, saying, essentially, “We are [...]
Online reputation management: Preemptive strike or post battle damage control Reputation management has always been a necessary component of running a business. But with the advent of the Internet, reputation management has become a whole new type of beast. Negative comments, whether true or false, can spread across the globe at the speed of light. [...]
As aspects of the Patient Protection and Affordable Care Act (PPACA) gradually kick in, the application, management and makeup of healthcare benefits, offerings and costs will change for many small businesses. Small business owners may be faced with: Coverage requirements prohibiting insurers from denying coverage or using price discrimination to target those with preexisting conditions; [...]
Paying attention to the environment demonstrates good stewardship and translates into good business. Companies touting their planet preservation accomplishments via marketing messages benefit from positive publicity, while saving corporate money. Though Earth Day was officially celebrated in April, many savvy companies are applying “green” tactics every day in an effort to save money and enhance [...]
Though it may be difficult to imagine, small businesses have many of the same needs as non-profit organizations. The goal of many non-profits is to help solve the urgent social problems faced by communities. Nonprofits require business savvy just like private companies; they simply follow a different set of accounting and tax principles in order [...]
As a senior business analyst, I am afforded the opportunity to meet a wide variety of intelligent entrepreneurs. I work with the craftsman who has spent a lifetime honing his skill set, a true expert in his field. I work with the individual that has decided he or she can run a better business than [...]