Advising, Consulting and Mentoring Greater Houston area business since 1986
March 2014
 
   

 

THE PRESIDENT'S CORNER

 

Silver Fox Advisors have been providing this Newsletter to business owners, executives and entrepreneurs and for many years, and we hope that you find the information we publish of interest and benefit. We want to write about informative and timely subjects and we would like to know which topics or issues are of greatest interest to you.

Please e-mail our Executive Director at executivedirector@silverfox.org with your comments and suggestions. We look forward to hearing from you and continuing to provide you with important and relevant articles. Thank you so much for your interest.

 

Mary L. Kole, President Silver Fox Advisors

 

Determining The Right Kind Of Tie-In Clauses

By Hank Moore, Corporate Strategist™

Business marries the community that it settles with. The community has to be given a reason to care for the business. Business owes its well-being and livelihood to its communities.

I recently stopped for lunch at a franchise restaurant. Nobody was at the register. A crew member told me to wait, then later took my order. She started selling donations to some cause, which I declined. When the regular cashier returned, I saw her peddling donation sales. People were blindly making donations, without understanding what they supported. The sales of those promotional pieces caused the line to grow out of the restaurant door. People were just buying the promotion in order to get through the line.

 

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How Long Does The IRS Have To Audit Your Return?            

 By George W. Connelly - Silver Fox Advisor

People are always asking how long the IRS can wait from the time you file your return to conduct an audit of your income and expenses. The simple, most definitive answer is "it all depends," so let's take a look at the rules.

The time in which the IRS must conduct its audit is governed by what's known as a "statute of limitations." That statute doesn't begin to run until you actually file a return. Once you file a return, the IRS has three years from the time the return was filed (or, April 15th of the year in which you file, if it is filed early) to conduct and complete an audit.

 

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Consultant, Coach, Mentor?

By Lane Sloan - Silver Fox Advisor

In trying to develop one's leadership capabilities, you often hear comments like "get a consultant", "you could use a coach," or "find a mentor." It's a bit confusing on what are the differences among them. Having discovered that, next comes the basic question of what are your needs? What would help best, or do you even need one? These fundamental questions rest with your situation, but hopefully herein lies some help on eliminating the confusion.

Having been an executive professor, there is another option that grounds the other three and worth discussing first, a teacher. There is a great body of knowledge on leadership from academicians and practitioners.
 
Silver Fox Advisors

 

Silver Fox Advisors are current and former business owners, entrepreneurs and executives dedicated to assisting business owners to improve their enterprises through mentoring and consulting. Advisors have been sharing their knowledge, experience and skills for more than twenty-five years.

To work with a Silver Fox Advisor, please visit our website at  www.silverfox.org and select your advisor.

Books by
Silver Fox Advisors
  

Several Silver Fox Advisors have written books sharing their business experiences and expertise. These books contain information that you may find helpful to you and your business. We encourage you to visit our web site and click on the Resources link to find a listing of all books that are available.

 

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Silver Fox Advisors  713.467.5900  executivedirector@silverfox.org