The latest scandal, a string of Japanese restaurants paying workers $ 10 an hour, prompted a judge to go a step further and highlight the added insidiousness of underpayment
when the company owners share a similar culture and background to their workers.
Unfortunately, attracting the right talent can be tough, and
when company owners finally do assemble a great team, they often don't have a plan in place to retain that talent.
When a company owner decides what he or she is going to stop doing, the results quickly become apparent.
Not exact matches
When considering a business sale, a
company owner typically faces a daunting intersection of several planning issues related to deal structure decisions, legal and regulatory considerations, income - tax minimization planning, wealth transfer, philanthropic strategies and capital - sufficiency analysis.
Susan Faykus, from Integrated Financial in Austin, Texas, says: «More often than not,
when we help business
owners exit their existing
company, we commonly find they have waited too late to engage legal, business broker and financial strategist professionals that could help them mitigate the heavy tax burden that could have been restructured for philanthropy or their legacy.»
A merger of CBS, which owns its broadcast network and premier channel Showtime, and Viacom, the
owner of Paramount Pictures and such networks as Comedy Central and MTV, would give the
company scale at a time
when many competitors are merging, Paulson said.
When small business
owners ask if the time is right to implement a CRM solution in their
company, here's what I share with them.
Such lenders, including Inc. 5000
companies OnDeck and Lending Club, spotted an opportunity following the great recession,
when banks tightened their credit standards and essentially stopped lending to small business
owners.
When Rebeca Mojica,
owner and «creative guru» of Chicago jewelry
company Blue Buddha Boutique, announced on Facebook that her shop was moving in 2011, customers responded, «How can we help?»
Many small - business
owners feel frustrated
when they try to apply for a line of credit or a small - business loan — they feel like banks are only set up to loan money to big
companies.
Macedo didn't directly refer to any of the incidents
when asked whether Tim Hortons was doing anything to smooth over relations with the restaurant
owners, but he stressed that the
company «works closely» with franchisees.
It is the one I ask first
when advising a
company owner on what they should (or should not) do next.
Unfortunately, it's much harder for
owners to diversify their personal assets during lean business times than
when the stock market is surging, along with the
company's cash flow.
Back
when I first started NetCreations, I was the typical small - business
owner who ran her
company by the seat of her pants.
As a business
owner, you're used to calling all the shots, so it can be infuriating
when the Internet seems like a vast, uncontrollable forum for customers to heap criticism on your
company.
Your business's legal form of operation (sole proprietorship, partnership, corporation or limited liability
company),
when it was founded, the principal
owners and key personnel
Investors need to keep a few things in mind
when assembling a portfolio of
companies that place a priority on regularly paying their
owners.
So what happened
when a 23 - year - old business
owner was offered $ 3 billion for his
company?
If their
companies weren't hamstrung by big loan balances during the downturn,
owners saw plenty of other businesses falter
when revenue fell and monthly payments became unmanageable.
Eight years ago,
when the
company was making a fifth of that, Vogt and the
owners predicted, correctly, that the housing market was about to surge.
Whether you're a solo entrepreneur, a small business
owner, or a sales executive inside a Fortune 100
company, you all have the same shot at success
when it comes to LinkedIn and similar platforms.
The amount of equity the
owner has in the business is an important yardstick used by investors
when evaluating the
company.
According to the Metro,
company owner Greg Buchanan said: «Pets are like babies nowadays, so why shouldn't staff have some time off
when they arrive?»
Edwin Matos co-founded drug - safety consulting
company BioPoint in 2011, but his dreams of becoming a successful business
owner began long before that,
when he was the young son of immigrants growing up in the Bronx.
Larger, more established
companies have the luxury of enjoying brand awareness, but the
owners of startups need to be more descriptive
when stating what they bring to the table.
When Tim Cook, the chief executive of Apple, the largest publicly traded
company in the world, came out as gay on Thursday, it sent a pretty powerful message to business
owners around the globe: Openness and inclusion of diversity are key drivers of innovation and productivity.
Certain business structures don't protect
company owner when it comes to failure to pay taxes or withhold 401 (k) or other employee benefits.
I learned that United Franchise Group, the parent
company for Signarama, appreciates the fact that eventually
owners will eventually want to sell their stake in their franchise and so has a process for
when that time comes.
Paschall,
owner of The Beauty Strip waxing salon, and Vasseghi, an L.A. - based fashion executive, launched the
company in 2012
when they realized there was demand for fast waxing options — regardless if the area sits above a woman's lip or on a billionaire investor's arm.
Creditors may be able to pierce the corporate veil that separates a
company from its
owners» personal assets in cases of fraud,
when the entities are inextricably linked, or
when the
company fails to adhere to the basic legal and reporting requirements.
Still,
owners who believe everyone in the
company helps that
company's sales are finding ways (monetary and otherwise) to reward everyone
when customer - related goals are achieved.
«
When you're an entrepreneur, you're either investing in your own
company and trying to hit it out of the park or else you've made money and now you're trying to figure out what to do,» says McWhirter, who has spent his career working with entrepreneurs and small business
owners.
«It is perfectly legitimate for a
company to have no beneficial
owners and we do not verify such statements
when they are submitted to us.»
When Sonntag was leaving Monsanto in 2003, BrettYoung's Lloyd Dyck — then the majority shareholder and now the sole
owner — invited him to join the
company.
Kevin Knobloch, just back from three - plus years in Washington as former Secretary Moniz's chief of staff, made the following points
when he spoke recently to an audience of energy
company owners and operators outside Boston.
While the
company is not prepared to repair the problem at this point in time, Fiat Chrysler will soon contact the car
owners to let them know
when they can schedule an appointment at their car dealership.
But practitioners, such as the employee -
owners of Reflexite, a maker of reflective material in Avon, Conn. (see «Collective Effort,» January 1992, [Article link]-RRB-, claim ESOPs do all of the above and more
when employees play an active role in
company decision making.
I watch hardworking business
owners give away large percentages of their ventures because they are raising capital too early
when it is more difficult to assess the value of their
companies.
Companies selling capital goods will experience reduced demand from small - business
owners who tend to cut back on capital investment
when their taxes rise.
The case began several years ago
when First Canadian, a title insurance
company, sued the Law Society of New Brunswick for amending its professional standards to require a lawyer to be present
when property
owners swore affidavits for the sale or mortgage of a property.
That leads some business
owners to become pretty upset
when they realize the cost of their current plans, says Tom Zgainer, chief executive and founder of the Scottsdale, Arizona - based
company.
Business
owners have a tendency to rely heavily on their accountants
when it comes to tracking their
company's critical numbers.
The
company is also teaming up with the fintech startups Stellar.org and KlickEx Group to use blockchain technology to process financial transactions across borders and currencies — a process which is often prohibitively slow and costly for small business
owners, especially
when they are in developing regions with smaller banking infrastructures.
So
when circumstances require that kind of information about a private
company, its
owner must hire someone to perform a study of its value that is logical and defensible,» explains Thomas Giordano, director of valuation services for the accounting firm Goldstein Golub Kessler & Co., in New York City.
Keeping up - to - date on their business valuation helps
owners to make important decisions for their
company, including
when to raise capital and how to ask for capital or a loan from investors or banks, understanding
when to exit and their exit strategy and
when to purchase another business in efforts to strengthen their own offering.
When Millennial Branding and analytics
company Identified.com combed through millions of Facebook profiles recently to glean insights about how the social network is being used professionally, they discovered something surprising — among young people (so - called Gen Y) the fifth most popular job title was «
owner.»
When a business
owner buys a fixed asset, that asset loses its value over time, and so its most current value must be accounted for on the
company's balance sheet.
Imagine their surprise
when investors in a small business I once worked for received the
company's internal loan repayment spreadsheet, showing that the business
owner was pulling out bucks by paying his family exorbitant interest on loans while investor loans were repaid at rock - bottom rates over as long a time period as possible.
When Tesla revealed that Model S 70
owners with the 70 kWh battery could in fact unlock an extra 5 kWh for a fee bringing it to a total of 75 kWh, it sent the rest of the auto industry a loud and clear message that the
company can and will continue to streamline ways to continuously improve upon its vehicles via over the air updates.
When an investor makes an equity investment, he or she is issued shares in exchange for capital and becomes a shareholder, or
owner, of the
company.