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Donating excess inventory benefits businesses
July 1st, 2008
Your business may be sitting on an important tax deduction—and you may not even realize it. The deduction lies in your excess, overstock inventory. By donating that nonmoving merchandise to charity, your company can earn a federal income tax deduction under Section 170 (e)(3) of the U.S. Internal Revenue Code. Regular (C) corporations may deduct […]
Researching competitors helps businesses be successful
June 1st, 2008
Hear the term “competitor intelligence,” and you may visualize sinister activities like industrial espionage, electronic eavesdropping and other shadowy phenomena that smack of poor ethics or outright illegality. Typical competitor intelligence-gathering techniques, however, are generally based on common-sense research principles, and usually involve public information available to any savvy business person willing to seek it […]
Erickson values employees in creating a successful business
June 1st, 2008
“I believe that as responsible corporate citizens, we must provide living wages for our employees,” says Mike Erickson, MFC, president and owner of Canvas Designers Inc. in Riviera Beach, Fla., who, in fact, pays his staff above the industry standard. “I want employees who stay on long term.” And that’s exactly what he’s got, along […]
Performance Fibers acquires four INVISTA plants
June 1st, 2008
Since becoming an affiliate of Sun Capital Partners Inc. in 2004, Performance Fibers, Richmond, Va., has purchased several North American, Asian and European businesses as part of an ongoing growth strategy. The company recently announced its acquisition of INVISTA’s North American tire cord and polyester industrial filament assets in North and South Carolina and Mexico. […]
Greek legend inspires a thread of hope in Germany
June 1st, 2008
The heroic Theseus of Greek mythology followed a thread through a mysterious maze to battle the half-man, half-bull Minotaur. German artist Alexander Huemer saw parallels between the Minotaur and fears about integrating new Eastern European countries into the European Union. His art project, the Ariadne thread, symbolizes a bright red pathway to unity. The Ariadne […]
Clariant continues recovery
May 1st, 2008
Clariant AG, Muttenz, Switzerland, the world’s second-largest specialty chemical manufacturer, recovered some lost ground by posting a smaller than anticipated fourth-quarter loss in mid-February. The company, which transforms crude oil derivatives into pigments, plastic additives, dyes and optical brighteners, closed nine factories and cut 800 jobs after failing to post an annual profit since 2005. […]
Using the web
May 1st, 2008
Businesses today need to use the Web in partnership with print. Both mediums have strengths and weaknesses, so finding just the right balance can save your company money, and strengthen your brand. Web strengths Web design is one-dimensional and a scrolling experience for the user. Moving around is what the Web is about; Web design […]
Positive strategies create competitive businesses
May 1st, 2008
They cut your profits, bid for your jobs and entice your best customers with special deals and useless gimmicks. Those Other Guys. Whether your head-to-head competitors do business across town or across the ocean, their successes can bring you anxious days and sleepless nights if they’re coming at your expense. One nightmare that wakes business […]
Spotting good leaders
April 1st, 2008
Who runs your business when you’re away? Who gets that promotion to supervisor? How do you distinguish good leaders from good workers? These are questions about leadership—and you probably have too little time to think about it. So what do you do? Proceed on instinct? If you trust your gut, you’d better be right. Good […]
Multi-year event contracts
March 1st, 2008
Because tent rental companies cater to a fluid and unpredictable industry, they value services and practices that can bring stability to their business. One such element that provides security and peace of mind is the multi-year contract. While they certainly aren’t foolproof, multi-year contracts offer plenty of advantages. One significant benefit of the multi-year contract—which […]