| News and information for the building service contracting industry |  |
| Industry Update |  |  |
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- Cleaning company: Health care law is a business threat
Dan Morgan, who owns Morgan Building Maintenance, a contract cleaning company in Belvidere, Ill., says the health care law could affect his ability to secure contract work because it would force him to raise prices. He believes the math used to tabulate what constitutes a full-time employee undercuts the total. "Our business plan is somewhat in jeopardy," he said. "This could be the biggest threat facing us in our company history." Rockford Register Star (Ill.)
(12/22)     
| Government Affairs | | |
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- Small-business tax moves before 2013
Small businesses can make some tax-saving moves in the last weeks before the new year. Among them: accelerate expenses, make charitable contributions, add to your retirement fund and consider whether to apply for the health care tax credit. NetworkSolutions.com
(12/18)
- Employers tie health goals to rewards
Wellness programs are no longer offering rewards just for participation, as a small but growing number of employers are tying rewards to cholesterol levels, body mass index, blood pressure and smoking status, this article says. The Affordable Care Act gives employers more flexibility in linking workers' out-of-pocket fees to health goals, experts say. The Wall Street Journal
(12/16)
| Business Best Practices | | |
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- Those so-called "best practices" could be hurting your business
Some strategies that are considered best practices in your industry might actually be harmful for your company, Freek Vermeulen of the London Business School writes. In some cases, these practices might yield a short-term benefit while hurting your business in the long run; often managers implement these strategies simply because their competitors already have. "Often, these are practices that most firms in their line of business have been following for many years, leading people in the industry to assume that it is simply the best way of doing things," Vermeulen writes. Harvard Business Review online/HBR Blog Network
(12/3)
- Good leaders are great communicators
Would-be leaders should prioritize developing their communication skills, writes Gretchen Rosswurm. That means mastering public speaking and interpersonal communication skills. "You may be hired for what you know, but you'll be promoted for your ability to influence people," Rosswurm writes. SmartBrief/SmartBlog on Leadership
(12/18)
| BSCAI News | | |
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Gary Penrod gives insight into mergers and acquisitions
Gary Penrod, CEO and managing associate for consulting firm Gary Penrod & Associates, has been in the building service contracting industry for more than 40 years -- and he's done a lot in that time. The former BSCAI president has started (and sold) his own company, and now helps other BSC owners do the same. Here he gives his outlook for M&A activity in 2013 as well as ideas for BSC owners to consider when selling their business. Read this issue of BSCAI Executive Insights featuring Gary Penrod and past issues online.
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