I love dining out. I love live theatre and for me, restaurants are theaters. Like theatre, restaurants create a show for us to experience, including director, actors, staging and lighting. A couple of weeks ago I had dinner at a local restaurant that is part of a restaurant group. It was an experience in innovation and … Read More
Management
Taxes, trade and tariffs translate to trouble
One of the top five concerns noted in Vistage’s recent report Decision Factors H2 2018, is taxes, trade and tariffs. The new tax law has created as much uncertainty as opportunity for SMBs. Certain changes — such as the revised Section 179 deduction and 20% pass-through income deduction — are expected to benefit many companies. However, other … Read More
Cyberattacks are the Silent Killers of SMBs
One of the top five concerns noted in Vistage’s recent report Decision Factors H2 2018, is cybersecurity. If you have employees, customers or financial data, you are a target for a cyberattack. Cyber criminals are aggressively targeting small and midsize businesses (SMBs), and cyberattacks are increasing in complexity, frequency and severity. For many SMBs, those attacks are … Read More
Talent shortage goes critical
One of the top 5 concerns noted in Vistage’s recent report Decision Factors H2 2018, is talent shortages. The unemployment rate at 3.9% is near an 18 year low. Last week, the DOL announced the number of Americans applying for unemployment fell to a near 49 year low. By measure of most economists, we are at full employment; some say … Read More
Cost pressures broadening and growing stronger
The #1 concern noted in Vistage’s recent report Decision Factors H2 2018, is rising costs. As we near the end of the current economic cycle, for the first time, in a long time, in addition to a typical cyclical tightening, we are also experiencing inflation. Wages are rising, the Fed is raising short term rates, … Read More