Former Liberty Bar staying put

Former Liberty Bar staying put
Silver Ventures had reached terms with chef Andrew Weissman and his business partner, who opened Minnie's Tavern about a year ago, to purchase the building. Under Silver Venture's proposal, the building, 328 E. Josephine St., would be cut in two pieces …
Read more on mySanAntonio.com (blog)

FCC changes to E-Rate program could leave struggling school districts without
Bob Casey, D-Pa., sent a letter to FCC Chairman Tom Wheeler to reverse course on the plan, citing 21 districts across the state that would likely lose their websites. “The E-Rate program has played an important role in helping school districts maintain …
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Latest Project Execution Plan News

The Home Depot's (HD) CEO Frank Blake on Q1 2014 Results – Earnings Call
They also inaugurated an online e-commerce site piloting it now in limited geographies, but eventually planning for coverage across the country. The power of … Outdoor project categories were pressured from the weather and we saw comp sales below the …
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Anadarko (APC) UBS Global Oil and Gas Conference – Transcript (APC)
We have mid-cycle projects, the two to four-five year type projects, represent about 15% of our investment and 10% is into our longer duration higher risk exploration projects. We have a really good R&D business behind our … Its really a testament to …
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Alamos Gold Is Becoming Attractive (AGI)
While the company hasn't yet reached a buy-point from a conservative DCF standpoint, management's track record of execution and the upside potential of the company's projects make the stock attractive. Longer term investors should therefore look for …
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The Importance Of Succession Planning To Any Business

To run a business is all about planning. It is fine to live in the moment, yet it is also necessary for you to consider both the past and possible future events. Succession planning can be surely considered a future event which all businesses have to consider or face disaster.

 

What is succession planning? Well, it is simply a plan put in place that recognizes the business should outlast the key people running it. The classic example used by financial planners is the business that is family owned. The parents often want to pass it down to a child or children. Doing so makes sense logically, but there are a host of tax issues involved. Planning for them is critical.

 

What happens if you don’t plan for the succession of the business? Well, the Miami Dolphins are a good example. They and the beautiful stadium they play in were owned by a gentleman named Joe Robbie. He had a large family and was very successful. Despite having lived a long life, he never planned for his passing on. When he passed away, estate and income taxes kicked in along with the acceleration of certain contracts that he had personally guaranteed. His estate did not have the cash on hand to deal with the taxes and debts. As a result, it was forced to sell the team and stadium among other assets for a song. The massive figures paid in taxes need not have been paid if succession planning had been done.

 

The Robbie situation is well known because of the assets involved. One just doesn’t see an NFL team sold off to pay taxes every day. The underlying problem, however, is a common one that occurs in the business world practically every day.

Otherwise profitable businesses are left in shambles or sold off for pennies on the dollar because no succession plan was put in place.

 

If you are the owner or key member of a business, succession planning is something that must be part of your administrative checklist. To forgo it is to invite doom upon the business.

 

Thomas Ajava writes about succession planning for UFCAmerica.com where you can obtain professional advice on small business succession planning.

Goodbye to a labor institution

Goodbye to a labor institution
Three businesses sign on for a piece of Crown … “It was with heavy hearts and great emotion that [college board members] took the action that they did based on some hard facts about the financial instability of the college,” college President Paula E …
Read more on Gazette.Net: Maryland Community News Online

How To Use Email To Generate Leads and Revenue
Here are ten of the bigger providers; the first five are for larger brands and the others are probably more suitable for small and medium-sized businesses. Cheetah Mail Epsilon … Here are some great email newsletter templates that are bound to kick …
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5 Website Development Facts to Create Your 2014 Budget
Not only should your web pages have optimized content, but you should also have a personal blog on your site and regularly update it. This is true even if … Many people today use mobile devices to reach business websites, but typical sites don't …
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Critical success factors for project risk management

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Risk is part and parcel of any project. Risk identification, analysis and management are the foundations of successful project management.Successful project …
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Levels of Strategy

Business Model Canvas Levels of Strategy. Brilliant. Discover where your company could be.

6 ways to make sure MVPs keep playing for your team

6 ways to make sure MVPs keep playing for your team
Bonuses and raises are great for retention, but team members also crave recognition for their achievements, whether it's being singled out for praise at a staff meeting or featured in the company newsletter. … Whenever possible, implement their ideas …
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The New Graduate's Guide to Job Searching
Make the most of your summer by using some (or all) of these ideas. Whatever you do, be sure … In a 2013 survey of 1,054 companies, the HR software provider SilkRoad found that 58 percent of jobs were filled through internal hiring sources such as …
Read more on U.S. News & World Report (blog)

Digital Marketing Intensive- How to Build your own Profitable Internet Business

Digital Marketing Intensive-  How to Build your own Profitable Internet Business

http://www.DigitalMarketingIntensive.com This 2-day hands- on digital marketing program provides a step-by step guide to create and develop a profitable acti…
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