The chart below shows the core business applications series that correspond to a subset of all applications for an Employer Identification Number (EIN). The chart below shows that the US economy is creating new businesses at a strong pace. The business formation statistics only cover applications for an EIN. Therefore, certain businesses initiated without an…
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For large and smaller companies, national trade shows can be very expensive and can be one of the largest uses of a company’s marketing dollars. Look at all of the costs associated with trade shows from the booth, to prepaying for exhibit space, all the shipping costs to get trade show items there and back,…
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The bar chart below shows U.S. Granted Patents: Total Patents Originating in all U.S. and Foreign Regions. Patent origin is determined by the residence of the first-named inventor. Total patents issued is the sum of utility, plant, design, and reissue patents granted. The Siburg Company specializes in buy-side and sell-side mergers and acquisitions, and…
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All problems, choices and final decisions are at the intersection of an issue. The key point is the thought process you use while at the intersection of the issue and decision that is made to move past the issue. Getting to the intersection of an issue is the process of analyzing all the…
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As of January 1, 2020, the Federal minimum wage is $7.25 per hour. There are numerous states that have set their minimum wages higher than the Federal minimum wage. See the map below for your state’s minimum wage. An employer of tipped employees is only required to pay that employee $2.13 per hour in direct…
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The “Feckless Business” is a business that is managed irresponsibly and lacks initiative. Or another way of putting it, a business that has no budget or strategic plan and just exists day to day with ownership and management dealing with problems of their own making. It is easy being a “Feckless Business” with no…
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Tax season may have you questioning if the Federal tax burden increasing or decreasing. The chart shows aggregate U.S. Federal tax receipts as a percentage of Gross Domestic Product (GDP). Apart from the large increase during World War II, otherwise there is no real trend. The US uses a progressive income tax rate: As a…
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Management styles can either be defensive or explanatory of their position(s) or action(s). A defensive management style is authoritative, where management has no desire or time to listen to other people’s input on ideas related to a topic or strategic direction. Often defensive management styles are the result of leadership having no real idea…
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“Willful Blindness” in a business is the conscious act of avoiding the truth, which gives credence to the knowledge of an issue in question, but never resolving the issue. Willful blindness can be at any level of management or on any type of business issue that needs to be addressed and resolved. A business’s willful…
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What is the path forward into 2021? A strategic plan will make the journey into 2021 easier.
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