Competing with big-league firms for employees is tough — average pay at small businesses runs about two-thirds that offered at other companies. Not keeping up with pay hikes elsewhere can create staff turnover, eating into morale and creating operational problems. Enter profit-sharing plans.
In the past five years, 57-year-old Elaine Walker has lived in four cities: Washington D.C., two in Northern California and now Orlando, Fla. And in all four, she lived in the same house.That’s because it’s a farmhouse on wheels.
Judging by prevailing retail practices, somewhere etched in stone is this edict: “To slay thy competition thou shalt undercut on labor costs.”
But a few apostate companies have strayed from that decree by offering decent wages, good benefits and predictable work schedules. Shockingly, the wayward are prospering.
Focusing on four sectors — STEM, justice, development and investment — we rounded up some of the city’s key leaders: a district attorney, a med school dean, the head of an FBI office and enough CEOs to rival “Shark Tank,” to get their take on how women are perceived in their industries, how that perception has changed over time and what it will take to truly reach parity.
Innovative thinking and new market pressures are removing many of the barriers that once stood between small businesses and the capital they need to launch and grow. Now more than ever, small and medium-sized companies are finding success by raising funds from everyday investors.
Barry Broome has been tapped as the president and CEO of the newly formed Greater Sacramento Area Economic Council and will drive the organization’s mission to attract businesses to the Capital Region. His extensive background in economic development includes six years as the CEO of Southwest Michigan First and 10 years as the president and CEO of the Greater Phoenix Economic Council.
Once you’ve invented the best thing since wearable technology, you’ll probably want to fund it. To impress the pockets out of investors, you’ll need to:
There’s an old joke from the TV series “Friends”: Ross complains about how he’s torn between two women, so Chandler replies, “This must be so hard. Oh no, two women love me. They’re both gorgeous and sexy. My wallet’s too small for my fifties and my diamond shoes are too tight!” That’s the typical reaction when people hear about wealth psychology…
After a decade at the helm of Sacramento State’s College of Business Administration, Sanjay Varshney in late August accepted a position as a vice president and wealth advisor at Wells Fargo Bank—Wealth Management Group. Varshney is a professor of finance at Sac State. He is also the chief economist for the Sacramento Business Review, making him one of the region’s preeminent voices on economics, business and higher education.
The dramatic transfer of accumulated wealth from the baby boomer generation and regional employment gains could serve as a catalyst for individuals to engage with wealth management experts. Here are some of the most common questions (and answers) about wealth management:
Fun facts about where your money, and everyone else’s, is going.
Through certain entrepreneurial eyes, agricultural technology looks a lot more relevant than the latest iPhone app or social networking tool. According to the Food and Agriculture Organization of the United Nations, by 2050 the world will need 70 percent more food to feed an additional 2.3 billion people.. And the Central Valley is poised to cash in — if we play our cards right.
Whether or not a sale makes sense, the economic recovery that has fueled the growth of many businesses suggests that it’s a good time for business owners to re-examine the value of their business and to revisit — or put in place — a succession plan which may or may not include the prospect of a sale.
Here’s a recipe to breathe new life into a lifeless block of R Street: Start with a 5-story warehouse made of solid concrete, suitable for loft conversion. Add subsidized rents. Then attract artists, writers and other creative types, plus their spouses, lovers, kids and hangers-on. Sprinkle in baby strollers, coffee shops, galleries, some painful-looking piercings and plenty of ink on skin.
Peer-to-peer lending platforms have hit their stride, and the number of peer loans has grown 84 percent per quarter since Prosper launched in 2006. In that same period, originations for other types of consumer loans have fallen 2 percent a quarter.
We are at a critical point in history. Longstanding social issues like hunger, poverty and lack of access to quality education continue to plague the world. All the while, wealth continues to grow at a staggering rate. This global dichotomy has given rise to new philanthropists who approach their discipline in a radically different way.
If National Estate Planning Awareness Week, which started yesterday, snuck up on you this year, you are not alone. In fact, if you don’t have an estate plan, you have lots of company. Fifty percent of Americans lack a will and other vital estate planning documents, and their absence is a sure path to probate court and often lengthy, costly legal proceedings before an estate is settled.
The Sacramento Republic FC has bolstered its quest to become a Major League Soccer franchise. On Monday the team announced an impressive addition of more than a dozen new business leaders who will invest in the group, including Ultimate Fighting Championship fighter and local business owner Urijah Faber.
If you have sold a business and moved on to retirement or another career, it’s worth noting that a change in lifestyle should also trigger a change in investment styles.
You’ve made all the right financial decisions. You’ve saved, you’ve planned, you’ve invested. But what if your heirs aren’t quite ready for the responsibilities and tax advantages that go along with inheriting your dutifully funded IRA? Your best bet for control from the grave may be a trusteed IRA.