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Inner Peace in Outer Space

Sep 30, 2020

Where Is This Renewed Interest In Outer Space Coming From?

Our fascination is no longer limited to interesting scientific endeavors relying on the radio transmissions of go-kart sized satellites. Every corporate bigwig is bringing his toy rocket to the Board Room sandbox. Elon Musk’s Space X has established the commercial viability of its Falcon 9 Rocket, the first orbital class rocket capable or reflight. Jeff Bezos has undertaken some lofty goals with his Blue Origin. He believes “that in order to preserve Earth, our home, for our grandchildren’s grandchildren, we must go to space to tap its unlimited resources and energy. Like the Industrial Revolution gave way to trade, economic abundance, new communities and high-speed transportation — our road to space opens to the door to the infinite and yet unimaginable future generations might enjoy”. Overnight moon rocks, anyone? Do not forget the O.G. of modern space spin — Sir Richard Branson. He still wants you to book your honeymoon wit...

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Do's & Don't's of Business Relief Loans

Sep 29, 2020

In response to the Coronavirus pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan [EIDL] from the Small Business Administration. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus.

As in all governmental relief programs, the key to approval is the accuracy and punctuality of documentation.

While you may not submit your firm’s documentation automatically, you must keep careful records of how you spend EIDL proceeds in the event of an SBA or other governmental agency future review. Just as there have been audits and inspections of past disasters, there will be scrutiny of some of these loans as well. It would be wise to note all relevant expenditures as “EIDL” in your accounting program and keep an actual hardcopy file with receipts.

What can I s...

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Department of Labor Proposes Rule to Clarify Independent Contractor Status

Sep 28, 2020

The U.S. Department of Labor recently announced a proposed rule clarifying the definition of “employee” under the Fair Labor Standards Act (FLSA) as it relates to independent contractors.

For eons, it was noticeably clear what an “employee” was. If you have a boss, you are an employee. If you can get fired, you are an employee. The gig economy has grayed the line between independent contractor and in-house staffer. Many successful U.S. corporations hinge their every customer interaction based upon this gray area. Hail a cab lately? I know — you try to avoid the extra dry-cleaning bill!

So, its time our big brother south of The Mason Dixon line tells us which side of this line we are on. Note, if you are reading this south of the 39th parallel, enjoy the weather. In a recent press release, the U.S. Department of Labor proposal aims “to bring clarity and consistency to the determination of who is an independent contractor under the Fair Labor Standards Act,” said Secretary of Labor Eug...

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Another Business-Sports Analogy (this one is witty)

Sep 25, 2020

Avoiding Business Road Rash

By Luigi Rosabianca of Shield Advisory Group

  

There is no lack of sporting analogies and Team references to business strategy and success. No “i” in Team; Vince Lombardi quotes in board rooms; sports legend as spokesperson; bla bla bla. Yawn.

One sport is not often seen in ‘Team’ terms. Especially on this side of the Pond. Cycling. I cannot imagine another physical endeavor as physically and emotionally taxing of the human body as a cycling grand tour (Tour de FranceIl Girola Vuelta)- besides starting one’s own business.

This is where my witty analogy starts to take shape so pay close attention.

There are 8 riders in a cycling Team. Various teams in a road race tend to ride in one tight clump called a peloton so everyone gets the benefit of drafting, except for the guy in the lead, of course. He (or she, as the female tours are gaining popularity) is said to be pulling the pack. The puller tires more quickly even as he sets the pace for everyone ...

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Post-ing a Profit

Sep 24, 2020

Private vs Public Approaches to Success

By Luigi Rosabianca of Shield Advisory Group

 

On July 26, 1775, members of the Second Continental Congress, meeting in Philadelphia, agreed


That a postmaster General be appointed for the United Colonies, who shall hold his office at Philadelphia, and shall be allowed a salary of 1000 dollars per annum: for himself, and 340 dollars per an: for a secretary and Comptroller, with power to appoint such, and so many deputies as to him may seem proper and necessary. That a line of posts be appointed under the direction of the Postmaster general, from Falmouth in New England to Savannah in Georgia, with as many cross posts as he shall think fit.

This simple statement signaled the birth of the Post Office Department, the predecessor of the U.S. Postal Service. Our Founding Fathers appreciated the need for an expedient mail delivery service for the promotion of business and communications. Over the next century, the U.S. Post Office was the paradigm...

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All the Tools You Need to Build a Successful Business

Sep 23, 2020

 

We implement Real Growth and Meaningful Change

Strategic Planning

Effective long-term planning requires careful coordination of organizational stakeholders, a transformation mindset, and deep industry expertise to drive capability-forward and market-back strategic plans. SAG partners with executive leadership teams to create a long-range plan that considers the unique nuances, capabilities, and opportunities for your business.

Business Coaching

Sustainable transformations require significant amounts of time, patience, energy, and incredible degrees of persistence and resilience. But transformations also require an actionable and focused guidance for your organization. SAG’s Business Coaching program helps keep you accountable and focused on your vision while giving your business access to industry experts.

Organizational Development

Between tight budgets and program demand, your organization must do more with less — and do it well no matter what because so many people

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Tailor Made Solutions for Growth

Sep 17, 2020

One Doesn't Go to a Shoemaker to Hem One’s Trousers.

Many small business owners started their companies to pursue their passions: designing jewelry, helping care for people, opening a restaurant, even starting an online store or manufacturing company. Then they start wearing numerous hats: CEO, marketing, product development, supply chain, and sales. Who has time for all this? Moreover, in this current environment, who has the tolerance for in-person, sit-down meetings where an hourglass is turned?

Advisors now, more than ever, need to take a personalized approach to supporting small business owners solve unique problems that hinder growth. Blanket solutions that feign to cure all ails are no longer viable. A bespoke, customized solution is essential.

Shield Advisory Group is keenly positioned to address these varied concerns as they arise.

Shield Advisory Group specializes in getting our clients access to credit and capital at the best rates and terms available.

Our team understa...

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Paycheck Protection Program Loans: SBA Loans for Coronavirus-Impacted Businesses

Sep 14, 2020

Update on the Paycheck Protection Program

Note: The Paycheck Protection Program shut to new candidates on August 8, 2020. This page will be refreshed if and when the government passes enactment to restart the program or make extra independent company money related help.

Check Protection Program Loans: Everything You Need to Know

The Paycheck Protection Program (otherwise called PPP) is a program that was as of late revealed by the Small Business Administration to help flexibly subsidizing to private companies, charities, sole owners, and business substances influenced by the novel Covid.

This program gives 100% governmentally ensured advances to assist organizations with their finance and other working costs. All business credit installments are conceded for 10 months, and the SBA will excuse the advance continues that are utilized to cover the procedure 24 weeks of finance costs, lease, utilities, and home loan intrigue. (Note that these terms have been refreshed to mirror the PPP...

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Economic Injury Disaster Loans: The Coronavirus Disaster Loan

Sep 09, 2020

Update on the Economic Injury Disaster Loan Program

Update on 6/30/20: The SBA has declared they will indeed acknowledge new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on account of financing endorsed by Congress. Candidates will be looked into on a first-come, first-served premise.

This financing is relied upon to go rapidly as entrepreneurs look for an EIDL credit, however, the loan of up to $10,000 that the SBA guaranteed candidates.

Outline of Economic Injury Disaster Loans for Coronavirus

The Small Business Administration's Economic Injury Disaster Loan (EIDL) program has gotten crisis subsidizing and been given extended forces from the government in light of the Covid pandemic.

U.S. entrepreneurs monetarily affected by the Covid episode can apply for an EIDL legitimately from the SBA and get working capital credits of up to $2 million. Candidates to the program can likewise get a loan of up to $10,000 inside three days of applying, which will be pardo...

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Limited Partnership: What Is a Limited Partnership, and How to Form One

Sep 07, 2020

What Is a Limited Partnership?

A Limited organization is an association where there are two kinds of accomplices—general and restricted accomplices. General accomplices deal with the business and are mutually subject to the obligations and commitments of the business. Restricted accomplices have restricted risk for business obligations and commitments however don't effectively deal with the business.

When starting a small business or private company, your decision of business substance is one of the most significant choices to make. The choice can be particularly convoluted in the event that you start a new business with various accomplices or plan on securing speculators. The restricted organization, perceived in every one of the 50 states, is a variety of a customary association.

After the approach of the restricted risk organization (LLC) during the 1970s and 1980s, restricted associations have declined in prevalence. Nonetheless, specific kinds of organizations, for example, lan...

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