Category Wealth Building Strategies

Mar 15 2011

From Rock Bottom to Rebirth

How a commercial graphics company discovered new markets for a business rebound.

It was 2007, and Valley Screen Process Co. was riding high. The Mishawaka, Ind.-based commercial graphics firm, which provides businesses with decorative markings for their products, had a growing stable of clients in the booming recreational vehicle and marine industries. The company enjoyed 10% growth each year since 2001, increasing its employee count from 50 to 75 in that six-year period.

But when the credit crunch hit in 2008 and the bottom fell out of the RV market, Valley Screen would not be far behind.

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Mar 15 2011

Lessons from Entrepreneurs Who Beat the Odds

Most businesses don’t last more than a few years. Meet three scrappy entrepreneurs who describe how they reached three-, five-, and 10-year benchmarks

The statistics surrounding the survival rate for small businesses have long been subject to fervid debate. Depending on who you’re talking to, the predicted life span for a startup can elicit grim to cautiously optimistic responses. One commonly cited figure is that half of all businesses go under in the first year while 95% fail within the first five years. According to a study done by the Small Business Administration, two-thirds of all new small business survive the first two years but only 44% will still be operating by year four.

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Mar 11 2011

10 Business Investments to Make Now

Business owners reveal the expenditures that paid off — big-time.

Salaries, technology, supplies. Every day, you spend money and time on yourbusiness. But do you know which investments are giving you the most bang for your buck?

Taking a close look at what is actually helping your business grow and generate revenue can help you make wiser decisions that pay off for your company.

Here are 10 of the top investments in which business owners can get the best return for their money.

Mar 7 2011

Wealth-Building Strategies That Work

Wealth-building is NOT rocket science. It can readily be thought of as being a very logical step-by-step process. Continuity and persistence are the keys!

Starting Early:

Giving yourself plenty of time is the surest way to end up in the top rankings of folks who are actually ready for the ‘de-cumulation’ years. That is the time when people transition from the years of ACCUMULATING to the retirement/spending years.

Mathematics:

If people in their mid-twenties would begin a savings and investing program BEFORE spending habits become entrenched look at what can happen:

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