How does a CPA firm become more knowledgeable about doing business overseas? Obviously reading and studying is a good way, but nothing actually speeds up learning like doing and knowing other professionals around the world.
It is for that reason that our firm has been participating in an International Employee Exchange program with an accounting firm in Europe.
For the past six weeks we had the opportunity to host Amanda Kay, an employee from HURST, an IGAF Polaris affiliate firm located in the United Kingdom. IGAF Polaris is a leading accounting association consisting of over 380 independent accounting firms located in 89 different countries worldwide.
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Last week my former college roommate Dr. David Hagenbuch and I presented at the Messiah College Business Alumni Association. We called our presentation a “Conversation About Family Business” and the response from the record attendance seemed to confirm the session was value packed.
We started the session with the following statistics about family business:
80% of all businesses in the US are family owned.
60% of total economy in the US is generated by family owned businesses.
75% of new jobs created in the US are started by a family owned business.
It seemed appropriate to have this session in Lancaster County which is one of our nation’s strongholds for family business. Based on the above statistics, it is not surprising that Lancaster County earned a place on Forbes Magazine’s list as one of the Top 10 Places to Ride out the Recession.
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Do you realize that U.S. family businesses represent 50% of GDP, 60% of employment, 78% of new jobs created, and 35% of Fortune 500 companies? Family businesses are often your vendors, customers, and competitors.
Anyone that regularly reads my blog knows my passion for family business and that I am slowly (emphasis on slowly) writing a book on the subject with my former college roommate (Dr. David Hagenbuch). Well, now is your chance to hear us both speak on the subject.
We will be leading a discussion about family business on April 20th in Lancaster as part of the Messiah College Business Alumni Association. Please note, you do NOT need to be an alum to attend.
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Last week, I had the privilege of speaking at the Harrisburg Regional Chamber & CREDC’s Small Business Seminar Series. I kicked off this four part series with a presentation on “What Does it Take to be Successful in Business?”
The session began with a focus on “What does it really mean to work on your business and not just in your business?” This question created a wonderful discussion, enhanced by a handout titled – “Top Ten Keys to Working On Your Business.” This discussion included ideas like:
- Comparative Advantage – entrepreneurs need to focus on doing only those things that have the greatest impact on the company and outsource or delegate the rest. This is often very difficult for new business owners.
Continue reading "Entrepreneurial Rules for Business Success" »