Bob and Sally (changed for confidentiality purposes) decided to get into the travel business. Even though they both knew the travel business is very competitive, after doing their research they decided that they could compete by serving a very select market niche in the travel industry. Their company had a limited number of competitors for …
Understanding Customer Behavior and Market Dynamics Read More »
Minimum wages are a touchy subject. If you object to increasing the minimum wage, you are immediately branded as a person who is oppressing the poor and who won’t pay people a “livable wage.” But like many ideas designed to help people, a thorough analysis demonstrates that there are no logical arguments that support the …
Some years ago, then presidential candidate Hillary Clinton made the statement that “corporations and the wealthy must pay their fair share.” She was, of course, referring to taxes. More specifically income taxes. President Trump during his tenure supported legislation that reduced corporate taxes. President Biden has stated he wants to raise corporate taxes. This article …
The Truth About Corporate Income Tax No One Is Telling You Read More »
Somewhere I heard that if you have a happy customer, that happy customer will tell one other person. However, if you have an unhappy customer, that person will tell ten other people. I don’t know if that is true, but I do know that I am guilty of not given enough credit to those companies …
Years ago, I watched the 2013 report by 60 Minutes on credit reporting agencies, and the reported “40 million mistakes” on personal credit reports at the three major US credit reporting companies: Equifax, Transunion and Experian. The gist of the report was that the agencies did not do enough to help consumers remove incorrect information …
Why Did it Take Seven Months to Fix a Mistake on My Credit Report? Read More »
Michael Manahan is an author, financial strategist, consultant, and professor. He has been featured and quoted on the financial websites Yahoo Finance, WalletHub, MoneyGeek and The Motley Fool for his advice on personal finance his work with the Polk Institute, and he is the host of Biz Rap podcast. He is the co-founder of the Polk Institute Foundation. His publications include “The Secrets to Raising Capital,” “The Key to Landing a Job – The Interview” and “The Secrets to Job Success.” Mr. Manahan served as chief financial officer for three publicly traded companies, has started and owned seven small businesses, and as an advisor has worked with more than 150 management teams. As a teacher of finance and accounting at California State University Dominguez Hills, Mr. Manahan is educating the CEOs and CFOs of the future.
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