Conditions of uncertainty require a different decision-making process. That’s why established companies struggle with innovation when compared to entrepreneurial firms, says Sharon Alvarez, University of Pittsburgh’s Katz Graduate School of Business.
Service providers can be entrepreneurs, too. David Levine of the law firm Blumling & Gusky LLP and board member of Entrepreneurs Organization (EO) – Pittsburgh Chapter explains how.
There’s a lot of questions about the future of manufacturing, but one thing is certain: trusted partnerships can be the best hedge against risk, says Eric. D. Miller of Miller Fabrication Services.
Drawing parallels from physical fitness, Elliot N. Dinkin believes your business fitness is tied to recovery. How quickly are you moving on from disappointment and frustration?
“Regardless of whether the owner decides to maintain the business or sell it and divide the profits, the time to consider and lay plans is early on,” says McCarthy Lebit’s Kimon P. Karas.
The logistics industry is being affected by two divergent trends: a driver shortage and growth in the U.S. economy. The confluence of factors has greatly reduced capacity, leaving shippers with the uncomfortable choice to either take an expensive option or to have their materials sit, says AMWARE’s Matthew Fink.
Among the keys to business longevity is getting good, sound advice. While there are many sources of advice, having a trusted banker for guidance is a benefit to any company, says Westfield Bank’s Matthew Berthold.
For many business owners, approximately 40 to 60 percent of their net worth is their company. Given the impact a business transition will have on their future, the business owner needs to be aware of the business’s value to eliminate any unwanted surprises, says Barnes Wendling CPAs’ Rob Zunich.
Manufacturing is alive and well, but there are underlying, uncontrollable factors that are affecting this sector. For instance, despite the lowest unemployment numbers in the U.S. in decades, there are still thousands of manufacturing positions left unfilled, says Cushman & Wakefield/CRESCO Real Estate’s Joseph V. Barna.
When employers offer group life insurance, they don’t realize it’s not something of value to the overwhelming majority, says Zito Insurance Agency Inc.’s Greg Zito.
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