It’s your time to shine! What is your favorite movie and/or TV show? My favorite movie is Goodwill Hunting, and my favorite television show is The Office. What did you want to be when you were growing up? Professional Baseball Player What hobbies do you have? Watching sports, staying active (I play on a men’s …..
How Will the Biden Administration Influence the Federal Reserve?
With the nation on the precipice of a transition of administrations on Jan. 20, 2021, there will need to be many roles filled both in and out of the White House. With the potential for Janet Yellen to replace Steven Mnuchin as the next treasury secretary, there is much speculation about how the Federal Reserve …..
In order to survive – and even thrive – during these unprecedented times, small businesses have had to find new ways to make money. The UPS Store’s Small Biz Buzz survey found that 41 percent of small businesses in the United States took steps to modify their businesses in hopes of survival. Fifteen percent provided …..
There are certain year-end financial transactions that must clear by Dec. 31 to be reported on the 2020 tax return. It is important to take a good look at your financial portfolio in light of the plethora of unusual events that occurred this year. Now is a good time to determine if you have fallen …..
Economists are predicting that 58 percent of unemployed workers who were laid off as a result of COVID-19 lockdowns are likely to return to their old jobs, according to the Brookings Institution. But with the majority of laid-off workers facing an uncertain employment future, the question remains: How will workers and employers transition into a …..
Manufacturers Should Prioritize Making Key Inventory Management Improvements
For manufacturing and distribution companies, strong management of inventory systems is a must. This was made only more evident by the coronavirus pandemic, which threw a wrench in the operations of many organizations. In a recent article for the Boston Business Journal, author Dennis Finnegan and Justin Provencher offer valuable advice for shoring up inventory …..
The failure of manufacturers to digitize and modernize has a big impact on many areas of their operations. In a recent article for Forbes, author Russ Banham discusses how lack of a digitized infrastructure has detrimental effects both internally and externally. “Without a modern IT infrastructure, industrial manufacturers struggle to deploy advanced technologies like predictive …..
While there has been a lot of buzz surrounding digital transformation in the manufacturing sector over the last few years, most manufacturers are still lagging behind in making the transition. This lack of transformation was made particularly evident by the onset of the coronavirus pandemic, explains author Vatsal Shah in a recent article for Forbes. …..
“Unpredictable” is the perfect word to describe what 2020 has been for supply chain and logistics professionals. The coronavirus pandemic has been a huge curveball and continues to cause uncertainty as we approach the 2020 holiday seasons. In a recent article for Industry Today, author Blake Pinard offers advice for supply chain leaders looking to …..
New Year, New Operational Strategies for Manufacturers
As we approach the close of 2020, there is a lot to reflect upon and take into account for the coming year. To help us do this, in a recent article for Industry Week, John Drosos examined the interviews of more than 60 executives and 100 leading manufacturers regarding industry trends. Specifically, the interviewees identified …..
Trump’s Payroll Tax Holiday Adds to the Burden of Employers
An August 8th executive order from President Trump created a payroll tax holiday for the last third of 2020. The program is controversial because unless Congress passes legislation that turns the tax holiday into a tax cut, the deferred taxes will need to be paid back over the first four months of 2021. This would …..
Strategies for Increasing Your Construction Company’s Profits
Are you looking to increase profits and improve the financial status of your construction company? In a recent article from Construction Executive, author Mark Soto offers six helpful tips for doing so. Avoid the need to perform rework by paying extra attention in the planning and communication stages of each job. Rather than rushing to …..
The Detrimental Impacts of Poor Leadership on Company Culture
In the construction industry, company leaders have an enormous impact on the culture of their organization. In a recent article for Construction Executive, author Randy Goruk examines three major mistakes that construction leaders can make that can have detrimental impacts on their company culture. Inconsistency – Construction leaders who fail to practice what they preach …..
The Impact of the Coronavirus Pandemic on Employment Laws
The fallout of the coronavirus pandemic is far-reaching—and its extent is still largely a mystery. A recent article from Construction Business Owner examines the likely impact of COVID-10 on employment laws. Author Richard Alaniz examines the following areas: COVID-19 Lawsuits – Many worker safety complaints having to do with COVID-19 have already been filed with …..
Considerations for Returning to Work in the Post-pandemic Environment
As a result of the coronavirus pandemic, businesses in the construction industry must deal with a number of new liability considerations. A recent article from Construction Business Owner examines how construction business owners should deal with the new circumstances they face as they get back to work. Author Jeffrey Kozek suggests adapting both operations and …..
When disaster hits, time is of the essence. In the wake of a catastrophe that impacts an area or issue that your nonprofit serves, it is time to execute an emergency fundraising campaign. In order to do so quickly and successfully, you should already have a plan in place. A recent article from Network for …..
Strategies for Small Nonprofits Searching for Long-term Solutions
As a nonprofit leader, if you are struggling right now, you are certainly not alone. Many nonprofits are buckling under the weight of the coronavirus pandemic and the economic havoc that it has ushered in. While the government has created some programs to provide aid—such as the Payroll Protection Program (PPP) and the Economic Injury …..
As a result of the coronavirus pandemic, professionals are spending more time in virtual meetings than ever before. While modern technology makes virtual meetings easy to access, your work is not done there. A recent article for Forbes offers fifteen tips for holding successful virtual meetings. The expert tips can be categorized not the following …..
Due to the nature of their missions, for some nonprofits, remote work is not an option. However, for nonprofits that can function remotely, now may be the time to consider downsizing physical space in order to save money and reduce expenses. In a recent article from NonProfit Quarterly, Sofia Jarrin-Thomas explores why nonprofits should consider …..
New Legislation Addresses CARES Act Issue for Nonprofits
On August 3rd, the Protecting Nonprofits from Catastrophic Cash Flow Strain Act (S.4209) was enacted by the President. A recent article from The NonProfit Times offers a helpful overview of the legislation and why it is crucial for nonprofits. The new act is designed to clarify an issue created by guidance from the Labor Department …..