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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...

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...

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 France, Il Giro, la 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...

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...

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...

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

Department of Labor Proposes Rule to Clarify Independent Contractor Status

Another Business-Sports Analogy (this one is witty)

Post-ing a Profit

All the Tools You Need to Build a Successful Business

We implement Real Growth and Meaningful Change

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