October 23, 1986
Nearly 60% of Los Angeles-area small-business owners forecast increasing sales for 1987, according to a study of 7,000 businesses conducted by Arthur Andersen & Co. Although insurance and other costs have risen dramatically, about 41% of the owners said profits will remain the same and 38% expected improved profits. Nearly 85% reported that insurance premiums had risen between 50% and 100% during the past year, with 34% reporting premiums up more than 200%.
June 3, 1998 |
Mention the Y2K problem to many small-business owners and you will get a big "Huh?" For business owners struggling to keep up with their current workloads, the only Ks they regularly deal with are 401(k)s. "Y2K" stands for year 2000 and the so-called millennium bug. Basically, the problem is that computers and tiny little chips implanted in all sorts of machinery and devices were designed to record dates as two-digit numerals, 98 for 1998, for example.
April 29, 1998 |
It was a typical small-business awards dinner at USC's Town and Gown auditorium on a recent work night. Teary-eyed business owners cradled their plaques and, voices shaking with emotion, expressed their gratitude for the recognition. The accomplishments were small by corporate standards--for one company, an increase in sales in one year from $60,000 to $650,000; for another, the creation of a CD product called a "virtual resume"; and for another, the addition of 22 employees.
January 17, 1997 |
Don Morris carries fond memories of his days as a young guitarist in a New Jersey garage band that played in the shadow of a rival group led by a guy named Bruce Springsteen. The Boss graduated to bigger venues, and Morris, now 47 and living in Brea, long ago traded his guitar for a steady day job. But the allure of the music business is strong, and Morris has returned to his garage to build amplifiers for sale to upscale guitarists.
August 21, 1992 |
In a television studio last week, Laguna Hills tax preparer Marilyn Ratliff looked calmly into a camera and spoke frankly about what was ailing America. "The regulations are getting so horrendous that small businesses can't do business; they just fill out paperwork," she said. "It's frustrating, and nobody seems to be listening." With any luck, President Bush or his challenger, Bill Clinton, will hear her out.
March 17, 1988 |
The United States must enlist the small-business community's untapped ability to export products to close the gaping foreign trade deficit, the head of the Small Business Administration told a gathering of business people in Anaheim on Wednesday. "We want to reach out to small-business owners who are interested in exporting," James Abdnor told about 200 representatives of 150 Southern California businesses.
November 20, 1996 |
Small-business owners and others can soon take care of their copying and capital needs under the same roof, under a plan announced Tuesday by Glendale Federal Bank to provide banking services inside Kinko's stores in California. In a first for a savings and loan institution, Glenfed will open three experimental branches in Kinko's stores in Simi Valley, Ventura and Costa Mesa in the next three months.
June 23, 1991 |
Ayear ago, Entrepreneur magazine appeared to be on the ropes. The Irvine-based publication was having trouble paying its bills, was laying off staff and was looking for a partner to bail it out. Entrepreneur's top officials--Chief Executive Peter Shea, Publisher Jim Fitzpatrick and Editor-in-Chief Rieva Lesonsky--insisted the problems were temporary. Today, they wear I-told-you so grins and talk optimistically about the future. And for good reason.
March 12, 1990 |
In the past decade there have been two major rewrites of the nation's income tax laws, the Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. In addition, Congress, the federal tax court and the Internal Revenue Service itself have amended, revised, updated, clarified, added to and/or subtracted from the tax codes hundreds of times.