Getting to know Health Savings Accounts

October 1, 2009

By William J. Lynott, As a business owner, you’re fighting what seems like a losing battle against rising health care costs. The Health Savings Account (HSA) legislation, signed into law in 2003, offers you the possibility of making a dramatic reduction in your costs. The law made HSAs permanent and available to everyone. Here’s how …

Establishing a sound business plan

August 1, 2009

By John Baker Dwight Eisenhower, when contemplating the plan for the invasion of Normandy and northwest Europe during World War II, said, “Plans are nothing. Planning is everything.” His view was that while both are necessary, plans are nothing but static documents, yet planning is a responsive and dynamic action that brings focus to uncertainty. …

Recovering dollars with the stimulus package

June 1, 2009

How the stimulus package can save your business money. By Mark E. Battersby The American Recovery and Reinvestment Act of 2009 is a nearly $800 billion stimulus package that includes nearly $300 billion in potential tax savings. Every small business can share in more than $75 billion in tax benefits for 2009 and 2010. Of …

Managing the money trail

April 1, 2009

Improve your bottom line with job costing strategies. By Dan Nolan III At IFAI Tent Expo in West Palm Beach, Fla., one of the most well attended seminars focused on job costing. Why? Job costing can improve operating efficiency; it can help to determine which jobs are winners and which are losers; it can help …

Service and product packages increase company profit

August 1, 2008

Rental companies stand to profit by creating packages for products and services. By Philip E. Anderson For several years, return on investment (ROI) has been the standard way for rental companies to measure profit potential. How many times, and at what rate, can a particular product be rented to maximize its income before it becomes …

Boosting your bottom line

June 1, 2008

Eight ways to boost your bottom line. By Bill Lynott Profit leaks lurk deep inside almost every service business, silently draining off hard-earned dollars. Some are harder to detect than others; some are far more damaging than others. Together, they can form a major obstacle on the road to optimum financial performance. Here are eight …

The fine art of job costing

April 1, 2008

How to avoid surprises that could hurt your bottom line. By Julie Young There’s no such thing as a free lunch. No matter where a tented luncheon or special event takes place, you can be sure that every tent, chair, table, glass and fork has been accounted for and assigned a price. Every minor detail …

Inflatables insurance premiums could decrease

October 1, 2007

Insurance companies are coming around to lower prices for inflatables premiums. Renting inflatables can be an excellent source of revenue for a rental company, but the profits can come at a high cost. A few years ago, insurance was not just expensive: It was difficult to find carriers that would even insure the units. Today, …