If your company has branch operations, or you’re thinking about setting up satellite businesses, you need to take steps to avoid excessive departmentalism. The more business you do outside of corporate headquarters, the more likely you are to run into competition among the satellite operations. Moreover, branches can differ in terms of morale, business culture and customer...

It can be a hard choice to make, but successful companies often have to make strategic decisions to “fix it or exit.” In other words, every element of a business must earn its keep, be fixed or let go. Companies must have a growth and profitability mentality that prompts them to maintain their winning profit centers and...

The Baby Boomer generation reached its peak in 1957 at an annual birth rate of about 4.3 million people. It’s hard to believe that these Baby Boomers will turn 59 years old in 2016. An important rite of passage that comes with this age is that they’ll soon be eligible to withdraw funds from their qualified...

Interviewing job candidates has never been easy. But now, a growing list of legal pitfalls is making a tough job even tougher. Fortunately, there are techniques that can help you hire the right person and stay out of trouble while you’re doing it. Here are some of the most important: Talk less, listen more. Most interviewers talk...

If your company uses wire transfers, you’ve solved some of the headaches involved with paper checks. With wire transfers, you know that a payment arrived and isn’t “lost in the mail.” You also avoid some of the risks of forgery and other check fraud schemes. However, wire transfers have their own pitfalls. If you don’t have...

The Affordable Care Act (ACA) seems to be making Health Savings Accounts (HSAs) more popular than ever. A recent report issued by Devenir, an HSA industry participant, highlights two key findings: As of June 30, 2015, the number of HSAs had climbed 23% from the previous year to 14.5 million, and Account balances jumped 25% to...