Most Los Angeles and Southern California business owners and entrepreneurs are familiar with the 80/20 rule. Also known as the Pareto principle, this rule states that for many events, 80 percent of the results come from 20 percent of the participants. This principle was originally identified by Vilfredo Pareto...
Fraud and embezzlement have become a growing problem for many Los Angeles and Southern California business owners and entrepreneurs. A recent survey published by KPMG noted that businesses are currently reporting more fraud than in prior years, and that three out of every four companies have uncovered some type...
Following up on our previous article, 10,000 Boomers a Day Hit 65: What This Means for Exit Planning, many Los Angeles and Southern California business owners and entrepreneurs will be planning to exit their companies in the relatively near future. If you are one of these soon-to-retire business owners, you should...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with recent headline-grabbing cyberattacks on large organizations like the ones that have occurred at Target, Home Depot, Anthem Blue Cross and Sony Corporation. It is easy to think that cybercrime is only a threat to large corporations...
Some Los Angeles and Southern California business owners and entrepreneurs have been through the process of an organizational turnaround. This topic is especially relevant right now as both the national and California economies begin to finally show some signs of life more than five years after the end (at...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with the concepts of cost and financial accounting. These form the basis of the financial operations for practically any business, regardless of its size. However, there are limitations to the overall usefulness of cost and financial accounting...
At the height of the Cold War back in the 1980s, President Ronald Reagan used a term that described his views regarding U.S.-Soviet relations and missile disarmament: “Trust, but verify.” Los Angeles and Southern California business owners and entrepreneurs would do well to take these words to heart when...
Choosing the right discounting strategies is one of the biggest ongoing challenges for Los Angeles and Southern California business owners and entrepreneurs. This is true for both manufacturers of products and providers of professional services. Many CEOs, CFOs and controllers find themselves constantly evaluating and re-evaluating different discounting models and...
A growing number of Los Angeles and Southern California business owners and entrepreneurs are taking the time to serve as board members for nonprofit organizations in their communities. Serving as a nonprofit board member is a great way to give back to your community by volunteering your time and...
It is not uncommon for individuals to seek a second opinion in many different areas of life. One of the main areas where second opinions are often sought is in medical treatment. I recently went through this experience myself after I suffered complications from surgery that became serious. I...