Sector Insights: Business Owner
Summer, 2018

Welcome to Sector Insights... giving executives and families of dynamic, privately-held companies the latest tax, business and financial news affecting their performance. And ultimately, their success.

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Systemic vs. idiosyncratic risk: what's the difference and why does it matter?  - When risk becomes a real problem, the best way to solve it depends on whether the problem is idiosyncratic or systemic. RBF guest author Charlie Goodrich of Goodrich & Associates explains the difference and offers ideas for developing an appropriate course of action. 

Dear business owner, here's how MA can help you grow - State economic development officials have been furiously wooing high-profile companies like GE, Amazon and Aetna. But the hunt can leave local entrepreneurs feeling like chopped liver. Boston Globe writer Scott Kirsner presents a laundry list of ways Massachusetts might support rank-and-file enterprises, too. 
 
The real cost of invoicing - Depending on how many invoices an organization sends out each month, the cost to process an invoice can really add up. If an organization isn't in the "top performer" range, knocking even a dollar or two off the cost per invoice could produce substantial savings. CFO.com contributor Perry Wiggins offers some cost-cutting suggestions.
 
US workers squandering 705 million vacation days per year (via projecttimeoff.com) - Your company's policies about vacation time can have a major impact on culture, efficiency and profitability. Well-rested employees tend to be more productive, engaged and likelier to stick around. But keeping them that way is easier said than done.
 
Should you join the family business? - Some people thrive after choosing a career in their family business. But others wither, bitterly regretting their choices. For Harvard Business Review, advisors Judy Lin Walsh and Rob Lachenauer share a few red flags about what can go wrong when you jump into your family business too early.
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