Columnist Spotlight Archives

Understanding the pros and cons of cash advances

Money Crunch

Small business growth can benefit from efficient access to capital, yet there are numerous challenges making it difficult for small business to secure such capital. Owners are often time and resource constrained, and the traditional borrowing process is time consuming and burdensome. Access to more traditional loans is also challenging in part because it is… Read More →

Portfolio risk vs. achievement of goals

89444261

Risk tolerance is often the first subject wealth advisors assess when trying to help investors create the ideal asset allocation mix. As a result, determining individual risk thresholds becomes the foundation for portfolio planning. But can this focus on risk actually interfere with the attainment of personal financial objectives? In determining the appropriate asset allocation… Read More →

10 ways Ducey, Legislature helped Arizona businesses

Mayor Elaine Scruggs

Governor Doug Ducey promised an administration that would move at the speed of business. His first legislative session proved true to his word. The session was lightning-quick at 81 days, the fastest since 1968. Together the governor and Legislature passed into law over 300 bills, many of which will significantly enhance Arizona’s business environment, making our… Read More →

Here are the best ways for funding a startup

startup

Researching how to fund a startup can be an arduous task. Many start the process by “bootstrapping”, which is the exact opposite of funding. It essentially means the entrepreneur uses their own savings to fund the business. There are many companies that have successfully launched using this strategy before taking on investors. For example, MailChimp and AirBnB… Read More →

What employers need to know to prevent workplace violence

violence

Stories of workplace violence — from Mesa to Paris and just about every city in between — seem to be never ending. Which begs the question, “How can employers work to keep their workplaces safe?” While there are no ironclad solutions for preventing all workplace violence, employers and employees alike can take a number of… Read More →

How to prepare your business for sale

Most business owners grossly over estimate the value of their company. This is just one of many reasons companies for sale fail to secure a suitable buyer. Another reason is poor planning. Currently, 80 percent of the owners trying to sell their small to medium sized companies will run into difficulty. Business owners often consider… Read More →

Tips to keep employers mindful of office romances

romance

Love is in the air, and sometimes those amorous feelings lead to claims of sexual harassment and discrimination in the workplace. As Valentine’s Day approaches, employers should be mindful about office romances in light of some interesting statistics: • More than 20 percent of married couples met at work, yet nearly half of those employees… Read More →

How company culture can lead to fraud

scam

Unfortunately, fraud is something all businesses must think about and guard themselves from. According to Statistic Brain, seven percent of annual revenues are lost to employee theft or fraud and 33 percent of business’ bankruptcies are caused by employee theft. Fraud isn’t only a result of employee theft; it can also include misuse of accounts,… Read More →

Do’s and Don’ts of Spending Money Outside of U.S.

traveltips

Just last month, I took a ten-day business trip to Australia. I was eager to see the sights and spend time doing business in a beautiful landscape, but I also wanted to be smart about my money while abroad. To make sure that I wouldn’t overpay for my business and personal expenses on this trip,… Read More →

Confirming Customers to Protect Company from Risk

cybercrime

As security breaches and scams become more and more prevalent with the advancement of technology, it is more important for companies to protect against fraud. Extending credit to customers can be a risky venture for a number of reasons, but being smart and taking precautions can help prevent problems down the road. For most companies… Read More →

4 big ideas shaking up Arizona-Mexico trade

Trucks CrossingBorderat Nogales

While all of us have no doubt been busy getting enlightened by the endless stream of political TV ads, there have been lots of exciting things happening to grow Arizona’s cross-border trade profile with our neighbor Mexico. Matchmaker, matchmaker, make me a match Dennis Smith and the team at the Maricopa Association of Governments deserve… Read More →

Steps to Streamline your Accounting Department

acct

Streamlining accounting departments can be a daunting task and more often than not the simplest approach is overlooked. However, keeping it simple is generally the best course of action to take when trimming the fat. In many accounting departments the day-in-day-out tasks were created a zillion years ago and have become a part of the… Read More →

How to Protect Your Business Against Fraud

scam

We hear stories of employees embezzling money from unsuspecting employers, but we never expect it to actually happen. Nathan J. Mueller, an employee in the reinsurance division of financial services giant ING, carried out a scheme, embezzling nearly $8.5 million over a period of four years. Mueller’s story serves as a lesson to employers, alerting… Read More →

8 steps to successful payment collection

equal pay

Although the economy is improving, collections remains a daunting task for many companies. Recognizing the challenges and establishing necessary procedures can help to turn the situation around. All business owners want to reduce the number of late paying clients and to build stronger customer relationships. The question is, “How?” Despite all the high-tech solutions available… Read More →