Business & Industry

Private Jets Bring Wealthy to Hawaii

Travel by private jet – a leading economic indicator for lifestyles of the rich and famous – increased by double digits at key Hawaii airports last year, which was great news for dozens of local companies that fuel, feed and…

Ask SmallBiz: Selling the Company

Q. I’m nearing retirement and interested in selling my business. How do I determine the value of my company and maximize its value before selling? A. After all those years building your business, you are finally ready to enjoy a well-deserved…

5 steps to Writing a Press Release

Many small businesses don’t have the budget to hire a marketing firm to disseminate information about new products, special promotions or upcoming events, so it’s important to know how to get the word out when you are your marketing team.…

How to Reduce Risks & Lower Costs

It’s no secret that small businesses typically don’t qualify for the risk-assessment and loss-prevention counseling that large firms get from insurance companies. Big customers paying tens of thousands of dollars in premiums can get specialists to visit their businesses to…

Hurry up and Wait on Taxes

Businesses must pay GET earlier, but state takes longer to cash checks For decades, the state has taken weeks on average – even months – to cash taxpayers’ checks. Now, with government-worker furloughs and restrictions on temporary hires, the check-cashing…

Some Kind of Jedi

This fictional short story will be published in March in the local journal Bamboo Ridge I dunno how for respond to da boss’s question when she asks me, “What are you, some kind of Jedi?” I nevah intend for anybody see…

Nonprofit Boards: Confused or M.I.A.

“When I look back on it,” says John D., the former executive director of a small but prominent nonprofit in Honolulu, “the board of directors just really didn’t understand what their role was.” He pauses for a moment, his face…

The New Culture of Giving

Hawaii’s people and businesses are as generous as ever, despite the economic slump. But how local people and businesses give is rapidly changing and that transformation has some nonprofit leaders heartened, while others are worried. Optimists welcome the decay of…

Paying Out More than It Earns for Years

Hawaiian electric industries has maintained the remarkable record of paying dividends to shareholders for more than 100 years. But, lately, there’s something else that people may find remarkable. For the past three-and-a-half years, HEI has paid more in dividends than…

Down, Not Out

There’s no denying it’s been a brutal three years for Central Pacific Bank and its parent company, Central Pacific Financial Corp. The bank’s aspiration of grabbing more market share with its 2004 merger with City Bank has all but disappeared.…

5 Steps to Better Public Speaking

Some people have the natural ability to speak with confidence in front of large audiences. For everyone else, Mark Blackburn, treasurer of Honolulu’s Downtown Business Association Toastmasters, offers tips on being a better public speaker. “It’s a real challenge, but…

Innovation: Virtual Reality

It's been a dizzying year for Craig Carapelho, CEO of Honolulu-based Team Vision Virtual and honcho of what’s billed as the world’s first 3D travel Web site. In April, he completed a Series A round of investor financing, led prominently…

Innovation: KonaRed

The old saying that “one person’s trash is another person’s treasure” holds true for Dana and Shaun Roberts. The owners of KonaRed are taking the red fruit of the whole coffee bean, which is usually thrown away, and processing it…

Exporting Lessons

Douglas Smith, the president and CEO of Hawaiian Island Shine, was fortunate that when local sales began to slump because of the recession, his export business began to takeoff. His car-care products are now sold in six countries and he…