How to Know When to Give Up On Your Business

Feb 13, 2018 by

How to Know When to Give Up On Your Business

Making good on your business dreams and ideas is a challenge in and of itself. However, how do you now when you should give up on a business venture? There are a few tell-tale signs that closing your business in favor of something better is a good option. Read on to learn more.

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Ideas For Getting Your Employees To Stick Around

Dec 22, 2017 by

Ideas For Getting Your Employees To Stick Around

Hiring the top employees is a big accomplishment. The trick is getting them to hang around for a long time and become devoted to the company. It takes more than wishful thinking and a pat on the back. You need to have plans in place that make them feel wanted.

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How to Extend the Life of Your Company’s Truck

Nov 30, 2017 by

How to Extend the Life of Your Company’s Truck

A little bit of maintenance can go a long way in improving the longevity of a truck. If you want to ensure your vehicle runs as good as new in five or ten years’ time, read the following top tips on how to extend the life of your company’s truck.

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European Central Bank ‘Confident’ New International Bank Rules Will Be Approved This Year

Oct 31, 2017 by

European Central Bank ‘Confident’ New International Bank Rules Will Be Approved This Year

FRANKFURT – A topmost European Central Bank (ECB) manager said on Monday “she is self-assured that new international banking rules will be fixed by the end of the year afterward yet one more stay at the weekend in their period long groundwork”.

“I confidence about that the hottest package of international banking morals “Basel III” will be finalized this year,” Sabine Lautenschlaeger, the European Central Bank’s board associate in charge of bank management said in Washington.

“And I am still assured that this will be the situation.”

Sabine Lautenschlaeger conveyed her concern, however, that “some economic hubs might not implement important parts of the approved framework”.

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European Business Investment in 2017 and Beyond

Oct 25, 2017 by

When a company gets to a certain point in its success, having broadened through perhaps local and national growth and development first, there then comes the time when the next step lends itself to thought of international expansion. However, expanding abroad can be a veritable minefield of rules and regulations. Your executives and stakeholders might be excited at the prospect, but opening regional offices or even relocating headquarters to a foreign country takes careful planning and consideration. It is temporally draining to make sure such a move doesn’t become financially draining, too. Expanding internationally might open your brand up to new markets and greater future possibilities, but you need to ensure you’re prepared to face the serious risks involved, as well, including external company appropriation.

A Question of Location

Emerging markets might seem attractive at first, but in reality pose too much danger as regards infrastructure when it comes to the novice brand seeking opportunity abroad. Instead, “established” and “thriving” are important words. The three largest economies in Europe are Germany, the UK, and France and connected to all three of these are the Netherlands. Many brands have decided to tap into that central link to over 500 million consumers for obvious reasons, but transport and interconnectedness also play an important part, too.

A key consideration is how a company gets its product or services to customers. Ranked #4 in the world for Global Logistics Performance, the Netherlands work on a 100% digital telecommunications network, proving it a wholly reliable country in which to branch out abroad. Indeed, Holland is “hot” right now, its inward investments having increased 10% this year alone.

However, one size does not fit all. Some might select Canada, for its 15% corporate income tax, but in general Europe offers plenty of choice and its corporate income tax rates start at 20%, rising only to 25% (in comparison to 35% here; one of the highest rates in the world), and that’s seriously attractive. The past decade was the most difficult for the economy in the post-war era in Europe, but the horizon is brightening, despite ongoing tensions between mainland Europe and the UK post the Brexit vote. Nonetheless, Sweden is set to benefit greatly from 2018, while Poland might a deceleration for a time.

Property and Taxation

Of course, once you’ve decided on the best country for expanding into, the next consideration is of address and tangible property. This is where a savvy company invests in property that can be sold wisely at a later date (for example, if its foreign endeavors don’t pay off), or opts to utilize Section 1031 of the Inland Revenue Code Sections (simplified by firms like 1031 Gateway for those not fluently versed in tax law) and swap domestic property for foreign, often directly. This can then lead to the contested subject of inversion and renounced US Citizenship of the company, thereby no longer being culpable for US corporate income tax. A win-win in theory, but vastly complicated in practice.

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Improving Your Employee Retention in Four Easy Steps

Sep 19, 2017 by

Improving Your Employee Retention in Four Easy Steps

Your employees are what will make or break you. Hire the right people from the start and help them grow so that your company will benefit. The more loyal your employees, the harder they will work for you. You want them to consider your success, their success. To create a workforce of loyal employees, implement these four suggestions today:

1. Start with Their Workspace

Every employee, from your oldest to the newest hires benefits from a great, safe workspace. Having a safe workspace means keeping your equipment and your building up to code. It means having a first aid kit in case of injury. It means having a policy in the event of an emergency that all employees are trained and ready for. Having a safe workspace also means having anti-harassment policies.

2. Encourage Them to be Healthy

A healthy employee is one that has more energy and is happier. Encourage your employees to eat healthy and to get enough sleep. The natural energy that being healthy and the feel-good benefits will create a better, more productive workforce. Help them out by giving them a means to store home-made food and to even cook their own lunches in the break room. You don’t need to have a stove, but having a convection toaster and a fridge can help your employees be healthy.

3. Have Effective Communication Systems

Not everything needs to be communicated directly. For instance, if your employees need replacement conveyor belts they should be able to simply fill out a quick digital form for you to review and approve on later (ideally within the day). There are also instances where direct communication isn’t ideal, as when one of your employees wants to report someone for harassment. Have an effective communications system that outlines how your employees can relate information back to you, with multiple options for them to choose from.

4. Give Them a Future with You

Employees won’t want to give you their all if they don’t believe they have a future with you. No one wants to work a dead-end job, and nearly everyone has goals that they want to achieve. Help them reach these goals both within your workplace and outside of it. Helping your employee take a night course that will further their expertise within your company is in your best interest. Similarly giving your employee one extra day off to pursue their passion won’t hurt your company as much as it will give that employee more reason to love working for you.

Further, make it clear from the start that your employees will always be considered first when a new position becomes available. Make it clear how your employees can move up the corporate ladder as well. Giving your employees a clear path on how they can advance is how you’ll have loyal, hard-working employees.

Having a great company culture means your employees will enjoy working for you. When they enjoy working for you, they have a bigger incentive to work harder and better. Capitalize on this effort by rewarding them and helping them achieve their goals.

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