Does your company sponsor a qualified retirement plan such as a 401(k)? Are you aware of your responsibilities and associated risks? Does the word fiduciary mean anything to you? It should. What is a fiduciary? Here’s one definition from the Consumer Financial Protection Bureau (www.cfpb.gov): “…someone who manages money or property for someone else. When […]
Watching your investment or commercial property values increase can be satisfying. But when it’s time to sell, capital gains taxes could present a hard pill to swallow. You’ve probably heard of a so-called 1031 like-kind exchange, which could prove useful if you wish to maintain a similar property. Section 1031 of the Internal Revenue Code […]
If you want to become truly successful in business, you must focus on growing your company through the attraction and retention of customers. That also means providing exceptional customer service. Recall a time when you received a paltry customer service experience — one that left you feeling uncared for, unsatisfied and unhappy. Left with a […]
Even before the COVID-19 pandemic struck, the labor market tightened across Colorado and especially the Western Slope. Conditions haven’t changed. That makes it more important than ever for organizations to recruit and retain great employees from underrepresented populations. The Western Colorado Human Resource Association hosted an educational session for members featuring employers that have built […]
It’s as predictable as the departure of hummingbirds and return of frosty mornings each autumn in Western Colorado. The National Labor Relations Board has once again changed the standards by which it determines whether or not workplace rules infringe on employees’ rights to engage in concerted activity to address the terms and condition of their […]
Why did you start your business? If you’re like most entrepreneurs, you wanted more control over your destiny. Perhaps you wanted to build something that could be sold for a profit or passed down to your children. Possibly you also wanted more freedom, financial abundance and the ability to travel frequently. Maybe you wanted to […]
Is membership in an airport or airline lounge program worth the expense? Depending on your travel reasons and frequency, the answer could be a resounding yes or equally definitive no. As a frequent flier for 40 years, I maintained a lounge membership because of the features that supported my travel needs: a quiet place to […]
“Change is the only constant in life. One’s ability to adapt to those changes will determine your success in life.” — Benjamin Franklin In today’s challenging business landscape, change is not just inevitable. It’s constant. Whether driven by global issues, market shifts or internal restructuring, businesses must adapt or risk becoming obsolete. Change management is […]
Selling a business can be a daunting task. For many entrepreneurs, it represents years of hard work and dedication. With planning and execution, selling a business can secure a legacy and offer the owner a significant financial benefit. Whether it’s because of retirement, shifts in the market, personal circumstances, financial constraints or the pursuit of […]
Business owners face this fall yet another season of respiratory illness — along with the potential effects on employees. The severity will depend on several factors within their control. Flu, Respiratory Syncytial Virus (RSV) and COVID-19 pose significant challenges to maintaining a healthy workforce. Based on a 2023 literature review in the medical journal PharmacoEconomics, […]