Human Capital

Nothing is more powerful than a human mind determined to achieve an objective. Contrary to popular belief and myth humanity is in no danger of being overrun by computing power. This line of reasoning is promoted by computer hardware, software and consulting firms to convince you that their machine is more powerful than you are. Nonsense. All the computing power in the world is useless unless it is properly collected, collated, and directed by a...

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SIMPLE

We have all heard the saying, “if only life were that simple”. Well… maybe it is. The book SIMPLE by Alan Siegel and Irene Etzkorn argues that simplicity can help achieve competitive advantage for businesses and organizations, while increasing the bottom line. We’re fans of SIMPLE … and our definition runs like this: S – Sales – There is no business without Sales.  This is the key point to having a business in the...

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Multi-Purpose Spoons

A word of warning to the more senior readers.  Yes, you are getting older. How do I know? I stopped at the Law Library of Hofstra University the other day. Adjacent to the coffee maker is a small vending machine dispensing, yes, Multi-Purpose Spoons. To the uninitiated, they look and function almost identically to a tea spoon but they are not. They are Multi-Purpose Spoons. Why do I bring it up?  We used to worry that “The Rich were...

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Do A Will Today … Please

We have heard it a thousand times. The only sure things in Life are Death and Taxes. Taxes are simple and ubiquitous. The various governments have figured out a way to get money from us in a myriad of direct and indirect ways. Some ways are obvious like income, sales and property taxes. Some can be disguised as pension or health insurance contributions – think Social Security or Medicare taxes. They are often hidden – like excise and...

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Listen Carefully

Listen carefully to what you are told. In today’s world of euphemisms and marketing tools the story you are told is almost certainly not the entire story. Take Cisco, for example. The company announced that they had repurchased billions of shares of their own stock and retired them. The stock soared. Why?  Because everyone knows that stock buy backs are great. Right? Just a moment. Let’s look a little deeper. The stock is at a 52...

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Get Rich Quick Legally – Really!

I was visiting a client the other day and had the opportunity to discuss the company’s 401k with one of the team. The team member told me that he couldn’t afford to put money into the 401k. Uh oh. Not that again. This client is one of the few small companies that has a company matching 401k. Without getting into to many details, the plan works like this. The employee contributes say $100 to the plan. Using a combined 35% federal and...

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