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January/February 2008Â - Michigan is surrounded by six quadrillion gallons of fresh water, and over 3,000 miles of lake coastline. Because of that, its residents and businesses have been able to build and maintain a diverse state economy of agriculture, tourism, recreation, manufacturing and shipping.
January 1, 2008 - Our national government and the Small Business Administration (SBA) have long known the importance of small business. The word has never gotten out as it has in recent years.
November 1, 2007 - Nothing is more critical to both the short and long term success of a family business than the transition between the first (G1) and second (G2) generation. Fewer than half of family companies make it from the first to the second generation.
November 1, 2007 - W. J. Beal joined the Detroit Institute of Arts as director, president and CEO in 1999, attracted by the prospect of leading the museum during a major renovation and expansion. Since then, the native of Great Britain has overseen two major capital campaigns and the redesign of the museum. Now the collection is being reinstalled with new tools to help visitors better understand the art and its cultural context. The museum will reopen at 10 a.m., Friday, Nov. 23 with a 32-hour grand opening celebration.
November/December 2007 - Some of the best run organizations today have discovered the real "killer app" goes beyond technology and infrastructure. It's people. And more to the point, it's people from diverse backgrounds, cultures and ethnicities. In short, it's our differences that not only set us apart but make us better.
October 1, 2007 - In April 2007, Ford Motor Company President and CEO Alan Mulally promoted Susan M. Cischke to senior vice president for sustainability, environment and safety engineering. She would oversee a company-wide effort to create a greener Ford, Mulally said.
November 1, 2007 - We live in a fast-paced society. Most people are in a hurry to get somewhere before the other guy. In many cases it's a me-first mentality and the heck with the other person. How long will this go on? Where is our sensitivity or courtesy for others?
October 1, 2007 - In today's business world, the existing rules of competition no longer apply.
October 1, 2007 - Private banking advertisements often portray an affluent-looking couple on a sail boat or at a ski resort with a caption about preserving wealth for the next generation.
October 1, 2007 - It's a proverbial chicken and egg question: What comes first - a great company to work for or great people who work there? In the minds of many, it might not seem like much of an issue.
September 1, 2007 - The long-awaited replacement tax for the Michigan Single Business Tax (SBT) has arrived. Michigan now has the Michigan Business Tax (MBT), which takes effect Jan. 1, 2008. Companies that are on a calendar year-end will file their first MBT return for the year ending Dec. 31, 2008.
September 1, 2007 - Significance. Deep down all of us ponder this and dream about achieving it. As host of "Anything is Possible" on WJR-AM 760 I have met numerous people who exemplify this. One shining example is Hugh O'Brian.
September 1, 2007 - Parents with a special needs child worry most about what will happen to that child when they are no longer able to care for him or her. If the family is fortunate enough to own a business, planning for the child's life after the parent's death can become complicated.
June 1, 2007 - There are many needs for life insurance, both personally and for the business. There are also many types of life insurance available in the marketplace. This can make buying insurance confusing; nonetheless, it is important to work through the process. We all know of tragic stories of people who haven't planned well.
June 1, 2007 - I believe God created each of us to play a key role in His master plan and He designed each of us for greatness. Too often, because of poor self-image, setbacks, rejection, fear, tiredness and/or laziness, we never begin working toward, or give up on, our biggest dreams.
April 1, 2007 - If you were to sit down to plot a financial roadmap for your estate and your business, there are 10 rules to help you get where you want to go. Here are the first five.
March 1, 2007 - Statistically speaking women outlive men, which means wives are often left to deal with all of the issues associated with transferring wealth. What then are the key issues that need to be addressed? There are 10 steps that the woman, as the likely surviving spouse, should help orchestrate:
February 1, 2007 - Dear Business Owner or Heirs: On behalf of the United States Government, thank you for giving us your business. We appreciate you not making any better plans to distribute the wealth you worked for so many decades to accumulate. We'll do our best to spend it wisely. Sincerely, The Government
April 1, 2006 - One of the most tax-advantaged benefits for corporations and their employees today is Long-Term Care Insurance (LTCI). Most people are aware of the personal reasons for having this kind of protection, but they may not be aware of the corporate advantages.
March 1, 2006 - Exit strategy means many things to different people. It can mean retirement. It can mean a sale of your business. It can also involve death or disability. In this article, I will focus on retirement.
