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Tracking supplier compliance for sustainable textile companies

May 1, 2018

The issue of compliance can be complicated for textile companies, which have to comply with various regulatory and voluntary company standards for product safety and restriction of substances. In the United States, for example, the Consumer Product Safety Improvement Act (CPSIA) contains provisions that aim to improve the safety of children’s products. The European Union …

California Community College Makerspaces offer work-based learning for students

April 10, 2018

The CCC Maker Initiative, administered by Sierra College (www.sierracollege.edu), is offering internships and work-based learning experiences for students through 24 California Community College makerspaces, where students gain technical, entrepreneurial and work-ready skills sought by employers. California Community Colleges participating in the CCC Maker (cccmaker.com) initiative to build makerspace communities are preparing students for careers through …

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Outside expertise: how to find affordable, professional help when you need it

March 1, 2018

While most owners of small- and medium-size businesses know the details of their companies intimately, there are often highly technical matters of law, accounting, management and marketing that are best handled by outside experts. Attorneys, accountants, and management and marketing advisers have specialized knowledge about niche areas that few business owners can hope to duplicate. …

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Savvy cash management helps your bottom line

January 1, 2018

Cash flow—the amount of money flowing into and out of your shop—is an easy concept to understand, yet not always well managed. Not every owner is aware of the impact skillful cash management has on net income, probably because the importance of managing revenue is far easier to recognize in some types of businesses than …

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New IRS accounting method changes

October 1, 2017

The tax returns of many businesses in the specialty fabrics industry have been—and will most likely continue to be—extra thick. Thanks to newly issued “repair regulations,” tax return filings for last year included more work on “Form 3115, Application for Change in Accounting Method” than usual. Fortunately, the IRS recently made it easier for small …

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Smart documentation is key to selling your business

September 1, 2017

No matter where in the world we run our businesses, we aspire to be successful, profitable and happy. We have either started the business from nothing, purchased an existing enterprise or taken the reins of the family business. Often, we begin with limited skills, have minimal formal industry training and largely “learn by our mistakes.” …

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How to attract and hire exceptional employees

August 1, 2017

In the buyer’s market of recent years, it was probably easy for you to attract top-notch job candidates. Not so much today. With new job creation being healthier than expected in 2016, and further increases so far this year, finding and hiring the best candidates for your shop will no longer be a slam dunk. …

Understand your customers’ personalities for better sales

July 1, 2017

Elemental keys to staying in sync and making the sale. The first thing you need to know is that your customers are different—from each other, and from you. You may feel that you already know that, but I can tell you that many business owners and professionals have lamented to me that the client they …

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Sustainability: good business

June 1, 2017

Rainier Industries succeeds with a light footprint and a firm handshake. For Rainier Industries Ltd., sustain-ability is more than just a buzzword—it’s a way of doing business. Although often associated with high expenses, Rainier president and CEO Scott Campbell considers sustainability an initiative that makes business sense. “It’s actually pretty easy and saves money,” he …

Driving business during the slow season: entertaining clients

Everyone appreciates the time of year when things start to slow down. But after a recuperation stage, tent rental companies may find themselves twiddling their thumbs, waiting for clients to call. What do you do to drive business at these times? Many operations host a showcase or an open house, blending strategy and celebration. One …