Landscape Architect Articles

Building Better Businesses12-07-16 | News

Building Better Businesses

Experts Weigh In

Any company's stakeholders comprise customers, suppliers and local communities, among others. Enlisting their aid in achieving the company's goals is a significant factor in determining whether the business will be a success, says Paul Ratoff, president of Strategy Development Group Inc.

His advice:
• Work with suppliers who look out for you, understand your business and are committed to more than making money off your relationship.
• Serve customers who are eager to help you deliver a better product or service by sharing a similar commitment to your purpose.
• Operate in communities where the difference you are making resonates with its leaders and they support your growth.
• Have partners that share similar purposes.

www.ratoffconsulting.com

Changes in tax laws can threaten a business owner's ability to leave a legacy for their beneficiaries. CPA and attorney James Lange lists these top three work-arounds for the strict rules in pending legislation:
• Consider Roth IRA conversions.
• Set up a Charitable Remainder Unitrust (or CRUT).
• Survivorship life insurance policy.

https://www.paytaxeslater.com/index.php

Recent research from Robert Half Management Resources found that workers feel the most important attribute in a leader was overwhelmingly integrity, followed by fairness, decisiveness, strategic mindset, transparency and accessibility. RHMR's top three takeaways for managers:
• Set the right example by addressing performance issues quickly.
• Be upfront with employees, giving as much information as possible, as soon as possible.
• Advocate for your team by maintaining open lines of communication and standing up for them in difficult situations.
https://tinyurl.com/h7vmdxd