July, 2017

Survive and Thrive

As Baby Boomers retire, thousands of local family businesses are facing difficult transitions to the next generation. A groundbreaking local survey identifies challenges and solutions. Here’s how family businesses can survive and thrive.

There’s a perfect storm ahead, and most of Hawaii’s family businesses are not prepared. That’s one conclusion from a groundbreaking survey of owners at about 140 family-owned local companies. The first-of-its-kind survey was conducted by research company Market Trends for Business Consulting Resources, a locally owned company that advises family businesses. “Family businesses are facing Read the full article…

July, 2017

Hawaii Depends on Small Businesses

Small businesses are so crucial to Hawaii that they must be nurtured and protected for the overall economy to grow. The federal Small Business Administration has different definitions for a small business depending on the industry, but, if we use one of the SBA’s definitions – 500 or fewer employees – then 99 percent of Read the full article…

July, 2017

Manage to the Max

My last column explained why small businesses are so crucial to Hawaii and that they must be nurtured for the overall economy to grow. This column offers a simple but effective strategy to manage your business to maximum capacity. First, you must appreciate that to improve, you need to have a benchmark to measure performance. Read the full article…

July, 2017

A Solution to Homelessness: Build a Village

A small peninsula wedged between Sand Island and Keehi Lagoon Park doesn’t look like much. The mauka section is mostly dirt and gravel, and nondescript trees and shrubs cover the makai area. But by the end of this year, it will be the home for previously homeless families. The plan is to build a village Read the full article…

July, 2017

Ask the Expert: Health Insurance for Employees

Q: I’m thinking about cutting my employees’ health benefits to save money. What potential downsides should I consider? A: There’s no doubt healthcare costs are a concern for employers and employees alike. However, investing in the health of your workers has a greater impact on your business than you may realize. Here are a few Read the full article…