Author: Reg Baker

How to Choose A Growth Strategy

I 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…

Don’t Always Fear Raising Your Prices

When was the last time you evaluated your prices? Does this process make you uncomfortable? Let me share a story about a friend and the surprise he experienced when he increased his prices. My friend and his wife had been…

IRS Opens Tax Filing Season

The IRS announced today that it is accepting tax returns, with April 17 as the filing deadline for individuals.  The IRS also explained tools and resources that will make the tax filing season a little easier for taxpayers. Here is…

Make Next Year Better

Now is the time to start planning so next year is better than this one. Start by reflecting on the current year and identifying what worked well and what didn’t. Were the challenges hiring good staff or training them? Making…

Increasing the Value of Your Business

You have a business that is doing well and paying the bills. Maybe it has put one or two children through college. The kids are working, maybe on the Mainland, and not interested in taking over the family business. Now…

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,…

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…