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Kenneth C. Halkin Articles

Written by: Kenneth C. Halkin

Financial Literacy for Business Owners & CEO’s: Do You Know & Understand Your Numbers? - Click To Read Article
In a study conducted by the Business Literacy Institute, the average business owner and executive scored only 38% on tests of financial literacy. Business Owners and CEO’s do not need to be CPA’s or MBA’s to be effective. They do need to have access to timely, accurate and meaningful financial reports and they must be able to intelligently use that information in their decision-making. Managing by your check book balance will not lead to long-term success.

Small Business Jobs & Credit Act: What’s in it for Small Business? - Click To Read Article
On September 27th, President Obama signed into law, the much awaited Small Business Jobs & Credit Act. I’ve been surprised by how little most small business owners seem to know about the provisions of this law and what is in it for them. The most highly publicized feature of the bill is the $30 Billion dollar small business loan fund. For many or most small businesses, this may be the least relevant feature of the law. Other features of the law include tax breaks for small to medium sized businesses, tax incentives for equity investors in small businesses and some significant changes in SBA lending programs.

A Penny Saved is a Penny Earned: 10 Easy Ways to Save on Business Expenses - Click To Read Article
Whether adapting to declining revenue, or simply looking to increase profits, business owners and non-profit executives are always looking for ways to save money without decreasing quality, customer satisfaction or efficiency. The first, most obvious cuts that most organizations have already implemented over the past couple of years, involve laying off non-essential employees and/or freezing vacancies and cutting all non-essential outsourced services. If there is a silver lining to the recent recession and subsequent slow recovery, it is that whatever you are buying, the market is likely soft.

A Time To Consider Strategic Alliances - Click To Read Article
In any economy, strategic alliances can make good economic sense. Strategic alliances can strengthen the depth and/or breadth of an organization’s capabilities, giving it competitive advantage, while often reducing overhead and improving the bottom line. In a challenging economy, such alliances can be a crucial survival strategy. However, a poorly conceived, poorly planned or poorly executed alliance can be a disaster for all involved. This article covers what issues to consider and how to proceed with exploring and executing a strategic alliance.

Business Partnerships: Hope for the Best and Prepare for the Worst - Click To Read Article
In this changing economy, small businesses will grow and thrive through partnerships, affiliations and collaborations. Partnerships take many forms. Whether joining together to form a new business, merging or consolidating existing businesses, bringing new partners into an existing business entity or developing working collaborations between separate business entities, choosing the right partner(s) and developing a comprehensive written agreement, are critical to assure success and minimizes the damage, should any of a number of worst-case scenarios occur.

Deadline Approaching for Mass Data Security Law: No More Time to Procrastinate - Click To Read Article
The March 1, 2010 deadline for compliance with the Massachusetts Data security Laws is fast approaching and will not likely be further extended. This law effects any business or individual who stores data on any Massachusetts resident whose unauthorized access might compromise the privacy of that individual’s personal information. Failure to comply could be costly. Compliance for some may be very simple, while for others it could be both complicate and expensive.

Integrating Social Media Into Your Marketing Plan - Click To Read Article
Social media provides a set of tools, which when used properly, can greatly leverage and enhance your other networking/word-of-mouth marketing and your other internet marketing efforts. It is cheaper, faster, and less geographically restrictive than our traditional networking activities. Like any other tool, social media can be very effective when used properly, or very dangerous when misused. Improper use can damage your brand, erode relationships and create threats to your personal safety and security.

Weighing in on Health Care Reform - Click To Read Article
There is no question that health care reform is needed. We have the most expensive system, in total cost and per-capita, in the world. One would expect, twice the results. Yet, we are well behind the rest of the industrialized world in those indices most used to measure the health of a population. The question is what type of reform do we need. The factors leading to our high costs are complex. the factors leading to our lagging in health indices are even more complex. Quick, politically expedient fixes are not what we need. Debate driven and financed by those interest groups with the most to loose by reform is not what we need. Shaping opinion by spreading fear and mis-information is not what we need. We need to take a careful, analytic approach, making use of those experts who study and compare systems around the world.

Planning Your Exit - Click To Read Article
This article emphasizes the importance of advanced exit planning for business owners and offers a practical guide to the steps for sound exit planning.

Gearing Up for the New Economy - Click To Read Article
This article addresses how the current recession will impact your customers' buying decisions even after the recovery and emphasizes the need for strategic planning for how to survive and thrive in the post-recession economy.

Lost Your Job? Thinking of Going Into Business for Yourself? If You Do it…Do it Right! - Click To Read Article
Many career professionals have lost their jobs during this recession and are having a hard time finding new employment. Many of those individuals are eventually deciding to go into business for themselves. It is not necessarily a crazy idea to be starting a new business during a recession but if you are going to do it, you need to do it right. This article covers the basic issues to consider and important steps to take.





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