January 14, 2021
BSCAI SmartBrief
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Industry Update
City Wide Facility Solutions improved systemwide revenue by 34% and hired 4,500 new contractors during 2020, a growth story that CEO Jeff Oddo credits to City Wide's business model. Early in the pandemic, City Wide was challenged with commercial building closures, but the company deferred expenses to prevent franchisee layoffs and kept communication transparent.
Full Story: The Business Journals (tiered subscription model)/Kansas City, Mo. (1/11) 
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Government Affairs
The IRS has finalized rules for deductibility of business interest and for carried interest, which were established as part of the Tax Cuts and Jobs Act of 2017. This analysis covers changes in the holding period for carried interest and its relationship to other tax provisions.
Full Story: GlobeSt (free registration) (1/12) 
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Coronavirus relief legislation that includes liability protections for businesses, schools, government entities and health care providers has gained the Wisconsin Senate's approval. Gov. Tony Evers said he would sign the legislation if the Assembly passes it.
Full Story: The Associated Press (1/12) 
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Business Best Practices
Taking notes can help you record your thoughts and remember more, but the structure of your note-taking can provide greater benefits down the road, writes Scott H. Young. "If you have the structure you're trying to build in mind, as you listen, however, you'll be much more likely to pay attention to what you're learning in a way that benefits you later," he writes.
Full Story: Scott H. Young (1/11) 
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Grouping similar activities saved Jacqueline Perez when she lost her business partner and tried to do the work of two people. She explains how "batch processing" saves time and achieves flow, and how she assigns her own two-hour blocks.
Full Story: Entrepreneur (1/7) 
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Certain skills are essential for leaders, like being able to have honest conversations about difficult workplace issues, including when that means feedback on your performance, writes Todd Ordal. "If you're a senior leader and have never had an effective 360 review process, you probably have numerous career-stalling weaknesses," he writes.
Full Story: Applied Strategy (Todd Ordal) (1/11) 
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SBA Issues Updated Paycheck Protection Program Guidance
The Small Business Administration, in conjunction with the Treasury Department, recently issued the first round of updated guidance on the Paycheck Protection Program in light of the passage of the new COVID-19 relief law.
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Join BSCAI for the CEO Leadership Institute
Register for the CEO Leadership institute by Jan. 15, 2021, to receive a luxury registration bag! The CEO Leadership Institute will feature all of the sessions that were planned for the in-person CEO Seminar in Hawaii, plus additional content and expert presenters to be announced. This program will be especially geared towards CEOs, owners and senior executives in our industry. There will be opportunities for participants to interact, share insights and experience this event as a group between six sessions from February-May 2021.
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The most beautiful part of your body is where it's headed.
Ocean Vuong,
poet, writer
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The BSCAI SmartBrief features reports, articles, and websites to provide information to SmartBrief. Any opinions, findings, and conclusions or recommendations expressed by third parties as reported in this publication are those of the author(s) and do not necessarily reflect the views of the BSCAI or SmartBrief. Readers are responsible for making their own judgments about the usefulness and validity of any material described in this publication.
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