By Cliff Ennico “My brother and I started a small retail business 10 years ago and it’s done very well since then. “We always wanted this to be a family business, so several years ago we sold 25 percent of our company’s stock to five family members, none of whom are actively involved in the […]
If news reports are an accurate reflection of where the country is at, we’re in a period of increased conflict in employer-employee relations. The most visible of these conflicts has been the public protests demanding a $15 per hour minimum wage. Yet there’s another battle going on that’s capturing fewer headlines, but could have a […]
This coming week Connecticut will be joining about 27 other states that are adding a new type of business entity – the benefit corporation or “B Corp.” – to the traditional list of corporations, partnerships, and limited liability companies (LLCs). Under current law, corporations and other business entities can be “for profit” or “not for […]
One of the biggest threats to any “brick and mortar” retail business these days is the customer known as the “showroomer.” You know the type, and I’m willing to bet you may have even done this yourself on occasion. A “showroomer” is someone who visits a store, examines the merchandise at great length, asks dozens […]
The economy is beginning to show signs of economy; however, small businesses continue to shy away from expansion plans. If your business is struggling to simply main the status quo, a new report finds that landing a big elephant customer may be your ticket to success.