A recent trend among luxury brands is to burn old inventory. Fred Parrish recently commented on this trend. Are luxury brands trying to protect brand equity by burning their old inventory? Well that's what they say, and these companies do spend millions of dollars building their brand. The really high [...]
A number of states have recently passed or approved laws that would impact whether or not potential employers are informed of a potential employee’s criminal background. The case can be made for both sides. On one hand, this could be unfair to potential employers, and on the other, [...]
Taxes remain the top headache for small business owners, according to Capital One’s Small Business Growth Index. Among those surveyed, 47 percent say taxes are a major worry this year, despite tax reform intended to help grow business. Meanwhile, the US Supreme Court will soon decide if states [...]
CFOS are increasingly optimistic about the economy in the US and abroad, with 90 percent of those surveyed ranking conditions as good, up from 74 percent last quarter, according to Deloitte’s 2018 Q1 CFO Signals survey. “The passage of tax reform and government spending bills in the US [...]
I just saw this new data from Bankrate that shows there are more Americans working a side hustle today than any time in the last 20 years. 28% According to the report, 28 percent of Millennials, between the ages of 18 and 26 [...]
Being a CFO, or a business owner acting as your own CFO, can be incredibly stressful, and it just gets more so the larger the company you manage. Those of us who have worked in this role for years know it, and now new research confirms it. Recruiter [...]
That story about a woman who returned a Christmas tree to Costco on Jan. 4 “because it [was] dead” – and got a full refund – sure got people talking. Costco gave the woman a refund after questioning her, verifying the purchase on her account, and shaming her [...]
With the New Year already here, what are the big issues and priorities facing your business in 2018? According to a recent article in CFO.com, financial priorities of CFOs for the coming year include “survive disruption,” “raise prices,” “increase margins,” and “drive a culture of data” (others listed [...]
The term “Black Friday,” was coined to mark the day that officially kicks off the holiday selling season when many retailers reach their breakeven point for the year. For small business owners the breakeven point is denotes the volume in dollars of revenue at which revenue and expense [...]
When 16-year-old Rosalinda Ahuatzi started her own nutritional shake business in Lexington, Kentucky, within months she had to hire an employee to operate the shop while she attended her high school classes. Now 17, this busy young entrepreneur is hoping to generate enough cash flow to hire another [...]
