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Five Signs that your Business is Doomed
We have seen many companies go into bankruptcy over the years, and there are some common issues with most of them. These are issues that may not necessarily show up on the accounting balance sheet, but in my experience they are sure signs that trouble is ahead. If some of the signs on this list […]
The Impact of Media Coverage on your Reputation
As public-relations professionals, a lot of what we do involves managing an organization’s reputation. For the most part, the more media attention your organization receives, the more your stakeholders will recognize you. But today, visibility isn’t enough. It’s the content of news stories that determines whether your audiences will have a favorable impression of you. So
What does the Affordable Care Act’s Contraceptive-Mandate Controversy Mean for your Benefits Plan?
This past summer, the U.S. Supreme Court decided a monumental case regarding the Affordable Care Act’s (ACA) contraceptive mandate, with potential implications for employers across the nation offering employee health benefits. Though the Supreme Court issued a final ruling, much debate has continued regarding the rights of nonprofit and for-profit, religious-based organizations, specifically in complying
Five Lessons from the Whiskey Rebellion
Citizens are more willing to support tax increases when they believe someone else will be paying them, especially if they think that someone deserves it. Consequently, when looking for sources of revenue, government officials like to find an unpopular vice and slap a tax on it. The earliest and first U.S. tax-inspired revolt was the
Six tips for improving your business communications
It’s easy to roll your eyes and complain about the state of business communications. I mean everything from incomplete, inaccurate, and confusing emails and memos to meeting minutes and reports that don’t make sense. Ineffective business letters, most of which are peppered with the first person singular pronoun, are fodder for the recycling bin. All
Customer Lifetime Value: The Most Important ROI Calculation You Will Ever Use
Customer Lifetime Value (CLV) is one of those buzz terms that may make you say, “Huh?” But, it doesn’t have to be. Seemingly, everywhere we turn, the term ROI (return on investment) is discussed. In this digital age, these analytics and calculations are much more accessible than they have ever been. Almost everything can be
Ice Bucket Challenge offers nonprofits a fundraising lesson
The ALS Association, seeking a cure through research for Lou Gehrig’s Disease, has absolutely gone viral with its “Ice Bucket Challenge.” Videos are all over social media and TV showing people from all walks of life dousing themselves with icy water to raise money for the cause. The results are stunning, with close to $100
Why Do Physicians Permit, If Not Encourage, Futile Medical Care?
The economics of health care are the awkward combination of cost and caring. In prior columns (see Sept. 5, 19, and 26 issues of The Central New York Business Journal) we have looked at the economics of health care based on the challenging questions from patients that Dr. Michael Kirsch, a practicing physician and newspaper
Employer-Reporting Requirements Under the Affordable Care Act
The Affordable Care Act (ACA) has not only redefined employee-benefit plan requirements, but also employer-reporting requirements. In 2015, CFOs and their human-resources managers will be faced with the need to manage unprecedented employee-level data tracking in order to comply with the latest aspect of the “Pay or Play” mandate. Prior to Jan. 1, 2015, employers
Career and Technical Diploma Approval By Regents Will Fill Thousands Of New York Jobs
New York state is in the midst of a middle-skills job crisis. When you look at help-wanted listings across our state, the positions being advertised are for computer-network specialists, electricians, machinists, welders, and high-tech manufacturing workers. We often hear from employers who say many job applicants for skilled labor or high-tech positions lack the necessary
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