Wage and hour compliance can be complicated, but it’s important to get it right. That’s because mistakes can be costly. Earlier this year, the U.S. Department of Labor’s Wage and Hour Division in Honolulu investigated companies at several Hawaii malls and found numerous violations, including employers who were failing to pay overtime, and violations of child labor laws. The companies…
Flat 3d Isometric Businessman Measuring Distance Between Start Point and Target. Business Target Analysis ConceptI recently participated in a Skype call with a successful midsize 10-year-old business on O‘ahu. It is owned by a committed and ambitious young man who wants to grow his company into a larger and more profitable operation. The owner was frustrated by what seemed to…
A creative energy lives at 677 Ala Moana. With beautiful unobstructed mountain and ocean views on the upper floors, and recent state-of-the-art renovations, the office building is ideal for new tenants with opportunistic and innovative mindsets. The view from the 12-story 677 gets better the higher you go, and the penthouse levels have 360-degree views. Plus, the interior features, including…
Kalama grew up in poverty but had a successful banking career and now leads a nonprofit that provides $12 million in grants annually in Hawai‘i. He is using his personal and professional experience to seek answers to some of Hawai‘i’s most daunting problems. Q: You were at First Hawaiian Bank for 32 years, led the wealth management division and retired…
The State of Hawaiʻi is a premier location for captive insurance, not only nationally, but globally. Honored as the 2018 “Domicile of the Year” by Captive Review magazine, Hawaiʻi outshined other domiciles across the U.S., Bermuda and the Cayman Islands. Captive insurance is an alternative to purchasing traditional commercial insurance coverage and a formalized version of self-insurance. A captive insurance…
How a trio of Hawai‘i’s Top 250 organizations stays ahead with innovations The pace of business has accelerated in a world where the internet never sleeps, smartphones are omnipresent and both feed off the tap-tap immediacy of social media. Plus, the speed at which technology develops threatens even rich and powerful companies with death by disruption – think of onetime…
We included those topics in two statewide surveys: the BOSS Survey of 405 local business leaders and the 808 Poll of 547 members of the general public. Respondents in both polls were asked how they felt about President Donald Trump’s impact on the local economy. Note: Percentages do not always add to 100 due to rounding Business leaders were…
Here are the methodologies for the BOSS Survey and 808 Poll, which are the basis for multiple stories published in Hawaii Business Magazine during the second half of 2019. BOSS Methodology BOSS stands for Business Outlook and Sentiment Survey. The BOSS is conducted twice a year for Hawaii Business Magazine by the research team of the Anthology Marketing Group….
The unfortunate fact is that 50 percent of all small start-ups will fail within five years. This means lost capital, lost jobs and tax base, and the lost dreams of Hawaii’s entrepreneurs. “We know how difficult it can be to start a business,” says Barron Guss, CEO of simplicityHR by ALTRES. “Our company, too, has ridden the roller coaster of…
Bacon Universal Co., Inc. Bacon Universal Company is honored to be recognized as one of Hawaii’s Top 250 Businesses. While Construction industry has seen significant gains over the last several years, our success would not be possible without our dedicated staff and valued customers along with the support of our trusted lines of Komatsu and Kubota equipment. Bacon Universal has…
“Pay yourself first” – this may be the best thing you can do to build financial wealth. Navigating the right path toward this best practice and others is critically important to protecting and growing your assets. These experts will help guide you in the right direction. Q&A with Mike Taylor CLU®, ChFC® Senior Vice President & Sales Manager, Wealth…
Major Changes in the Top 250 The rising price of oil and a big land sale significantly revised this year’s ranking Oil is the reason for the biggest changes this year in the Top 250. The annual ranking of Hawai‘i’s largest organizations is based on gross sales during the previous year. And world oil prices rose for most of 2018…
Starting up a new dental practice can be risky due to the high level of competition and large start-up costs. Alternatively, acquiring an existing practice has many advantages including goodwill in years of service to the community, inheriting an established patient base and turn-key staffing and office operations. Here are some tips to consider when purchasing an existing dental practice:…