All Blog Posts (406)

We define legacy businesses as staid organizations in traditional industries. Plumbing and heating contractors to manufactures of all kinds can all fall into this category. Most legacy companies are being run the same way they were when they first started. Their processes are highly repeatable, and operating methods redundant such that controlling them is easy.

Legacy companies build for tomorrow by relying on yesterday’s success.

Well established, traditional companies…

My name is Joel Ives and I am a member of JBN in NJ and we host a meeting at our Fair Lawn office every month.  I am also the owner of The Ives Architecture Studio.  We are a diversified architectural firm licensed in many states with a specialty in synagogue…

For every business with an infrastructure for building and managing customer growth, there are 10 that build their marketing system in a disjointed, random manner.

Manufacturers generally focus on investing in lean operations, distributors in inventory control, and doctors and attorneys in practice management. So many marketing systems have been created in response to…

October 2014 - Keeping up with key business / technology issues in the news is difficult.  Let Jefric Consulting help you.

Click here to view the October edition of our monthly Small Business Technology Newsletter.

http://www.jefric.com/news/201410.JefricConsultingNewsletter.html

All newsletters can be found here.…

Businesses and individuals with outstanding NJ tax liabilities may pay these by
Nov 17th and avoid penalties. This is a great way to start the New Year- free of
NJ tax debts! 

For more details click here: Resolve Your NJ Tax Debt

Most businesses we know in the small to midsize category are poor planners. Judging from their actions the typical planning strategy comes down to: how do we beat last year. Matters related to business development should be the primary strategic topic now that the summer is behind us.

Late last year a survey reflecting small business sentiment was released confirming what most business leaders think is their biggest challenge. An overwhelming majority, 42% said their biggest concern…

Major changes have entered the NJ divorce arena with the passing of the NJ Alimony Reform Bill 
this month, Sept. 2014. 

Alimony may be modified for unemployed payers of alimony.

For marriages of less than 20 years, alimony cannot exceed the years of the marriage.

For more details see: NJ Alimony Reform

Tuesday morning, Sept. 30, 2014, at Urbach & Avraham, CPAs.

Given by Kevin Kerzner of Credit Distinction, LLC

Learn what Helps and Harms your Credit Score

Please join us!

For more details click here: Improve Your Credit Score

Why should you buy life insurance?

Life…

Wishing you and your families a year of peace, good health, and prosperity!  Peace in the Middle East!

Lillian Sonnenschein

When fax machines first came along a customer suggested our firm have one installed. The president’s first reaction was, “what for, so we can get orders in faster?” Yeah! As a matter of fact, when the customer says I want you to have my order in the fastest most direct way, you probably should do it.

Established businesses typically are the last to adopt new technologies, instead waiting until the advances become more accepted and their ability to lower transactional or promotional…

Certain misconceptions ignore the realities of retirement.

Provided by Frederick Saide, Ph.D.

Generalizations about money & retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few.…

September 2014 - Keeping up with key business / technology issues in the news is difficult.  Let Jefric Consulting help you.

Click here to view the September edition of our monthly Small Business Technology Newsletter.

http://www.jefric.com/news/201409.JefricConsultingNewsletter.html

All newsletters can be found here.…

This is the time of year for assessments and new beginnings. It is back to school, the days get cooler and shorter, and businesses start to get more intent on their objectives. Mediocre companies don’t stand a chance anymore. Almost every category you can think of has, or has the potential for, a clever operator to mine overlooked opportunities in the offering, the channel or promotion methods.

A legacy issue for leaders of “bigger small companies” has been a weak or…

On May 6, 2014, the Department of Homeland Security (DHS) announced the publication of a proposed rule to extend employment authorization to dependent spouses (not dependent children) of certain H-1B workers. On May 12, 2014, DHS published the Notice of Proposed Rulemaking ("NPRM") in the Federal Register. The NPRM was subject to a sixty-day public comment period which ended on July 11, 2014. More than 12,000 comments were received. At present, DHS is reviewing those comments to finalize the…

In July all NJ employers received a Notice of Employer Contribution Rates. This form enables you to determine whether a voluntary contribution would save you money in the subsequent year. To find out more click here: NJ Emplyers: Reduce Your Unemployment Tax Rates

August 2014 - Keeping up with key business / technology issues in the news is difficult.  Let Jefric Consulting help you.

Click here to view the August edition of our monthly Small Business Technology Newsletter.

http://www.jefric.com/news/201408.JefricConsultingNewsletter.html

All newsletters can be found here.…

There was a time when smaller companies did very well just by concentrating on making a better product or delivering a better service. There were fewer competitors and markets were limited, small companies could stake the futures on one or two loyal customers and barriers to entry were much higher. Customers even tolerated poor delivery or price increases now and then.

Now, there aren’t enough buyers and just plain good isn’t good enough. Great customer service, responsive lead-times…

There are several new options for foreign bank account owners. 

On June 18, 2014 the IRS made major changes to the Overseas Voluntary Disclosure Program. Certain individuals who did not report their foreign bank accounts may be eligible to pay as low as a 5% FBAR Penalty (Foreign Bank Account Reporting) instead of a 27.5% penalty.

Furthermore, there is an important August 3, 2014 deadline for some foreign bank account owners. For more information about…

You know this stuff cold. So many business owners pride themselves on buying sharp and running a tight ship. They know every nickel they save goes directly to the bottom line. But, operational efficiently is only half of the equation required to sustain a profitable enterprise today.

In most cases, when you proportion the top line business development components towards injecting some operational discipline, you will quickly learn that your company is not doing everything it can to…