A tech startup whiz was told by peers in California's Silicon Valley a few years back that he was "a little bit crazy" when he decided to start a company in New York City.
Certainly more than any other city in the United States (and perhaps to a degree unparalleled anywhere in the world), New York City is home to an incredibly diverse and eclectic group of businesses. An individual walking through any of the city's boroughs can immediately see the vibrancy and sheer consumer choice that readily sets the metropolitan area apart from all others.
Open, not closed.
If you're the owner of a small or medium-sized New York business, your euphoria over recently announced changes to American tax law is understandable. Company principals all across the country have waited for years for tax changes they say have been sorely needed to restore vitality to the country's commercial sector. Tax revision has long been imperative, they say, to render them leaner and more competitive, better able to buy needed equipment and, importantly, to bring in new workers to their enterprises.
We noted in our immediately preceding blog post that successful business entrepreneurs and owners seldom adopt a stay-put philosophy. We stressed therein (please see our January 20 entry) that what that means for many enterprises in New York and nationally is "a continuing assessment of moves a business might reasonably take to remain strong and viable going forward."
If you are a principal in a New York business enterprise, you know that a mindset and performance levels based upon an ongoing status quo ultimately spell a recipe for failure.
We would like to acknowledge and thank our readers and diverse business clients in New York and across the country in this first blog post of the New Year. We wish everyone a happy and prosperous 2018.
Although one business analyst/commentator writing on the nation's economic outlook makes a number of points in a recent article penned for a national newspaper, those observations essentially coalesce around one fundamental takeaway.
Sixteen years can go by in a flash for some people. Conversely, it can seem an eternity for others who are recurrently reminded of an exaction they would rather avoid.
Every year there is outsized clamor linked with Black Friday and Cyber Monday and the close tie-in of those frenetic shopping days with supersized entities like Amazon, Walmart, Target and Macy's.