Have you given much thought to what would happen to your business if you were to unexpectedly die or become disabled and no longer able to run things? Many owners of small and mid-sized firms haven’t — and this can end up being a huge mistake if one...
In recent articles, we have discussed how business owners and CEOs are addressing risk management and cyber security in their organizations today, as well as how disruptive a lack of planning for contingencies can be. Cybercrime is an especially hot topic for businesses right now when it comes to...
You face many risks as the owner of a closely held business. These include market risks, like changing customer preferences and tastes that could affect demand for your products or services; competitive risks, such as the entry of new competitors into your market area or industry; and regulatory risks,...
Over the past few months, many Los Angeles and Southern California business owners and entrepreneurs have been warily watching developments on the other side of the world in China. In late June, China’s stock market began falling as its red-hot economy started to cool down. This affected other stock...
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...
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...
As we discussed in a recent article, it is critical for Los Angeles and Southern California business owners and entrepreneurs to find the right balance between the financial and operational sides of their companies. It is especially important that the goals and objectives of finance and operations be linked...
When it comes to fraud and embezzlement, many Los Angeles and Southern California business executives may believe that this is not something that could ever happen to their businesses. “I know my employees,” they tell themselves, “and they are honest. They would never steal from me or my business.” However,...
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...
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...