It is not uncommon for Los Angeles and Southern California business owners and entrepreneurs to adopt the attitude “if it ain’t broke, don’t fix it” when it comes to their business software systems. If the old legacy systems work fine, the thinking goes, then why make a large capital...
Many Los Angeles and Southern California executives view regulatory compliance as little more than a required regulatory burden that costs both money and manpower — a necessary evil, if you will. They believe that the time and money that must be spent on compliance could be better spent on...
Despite some recent signs of improvement in the economy, cash flow continues to remain tight for many Los Angeles and Southern California businesses. Regardless of how strong their sales and revenue are, business leaders are discovering that it takes cash to keep their companies going. There’s a reason cash...
In this series of articles, we have been looking at how Los Angeles and Southern California executives can drive profitable growth in their companies. Here, we conclude the three-part series with a look at the potential impact of economic downturns on profitability and how to achieve profitable pricing regardless...
Incidences of financial fraud have been growing in both frequency and sophistication among many Los Angeles and Southern California businesses, especially as the economic recovery drags on and some employees give in to the temptation to embezzle funds from their employers. This is one factor that has given rise...
The business model for many Los Angeles and Southern California business executives is changing as small to mid-sized companies choose to outsource many ancillary services that aren’t part of their core competency, rather than perform these functions themselves. Doing so helps companies increase efficiency and productivity, as well as...
It’s not uncommon for Los Angeles and Southern California business owners and entrepreneurs to come up with great ideas for launching new businesses. After all, if someone has the intelligence, initiative and persistence required to start one successful business, there’s a good chance they can probably start another one...
As they constantly strive to increase efficiency and “do more with less,” more and more Los Angeles and Southern California executives are coming to realize the benefits of turning to outsourced professionals to handle business functions that aren’t part of their core competency. Payroll is a good example. It is...
It is becoming apparent that 2014 will hold a unique set of challenges and opportunities for Los Angeles and Southern California business owners and entrepreneurs. Let’s start with the good news: A recent survey of small business owners indicated they are the most optimistic they have been in five...
Many Los Angeles and Southern California business owners and entrepreneurs are starting to reap the benefits of the rebounding economy by landing new clients. This is obviously a welcome development for any business, as new clients are essential not just to growth, but to maintaining the status quo as...