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Volunteer to Serve on a Board?

You’re a business owner. You have money, experience, connections and influence. People want you … or, at least, your support and assistance. One way is as a board director — maybe for a local charity, bank, or your industry association. Should you accept the invitation? Before you decide, answer the following questions:

Economics Primer: Inflation and Deflation

The terms “inflation” and “deflation” are regularly bantered about. People express fear that one or the other will return to wreak havoc.

Do you understand what these are, really? The elements that give rise to each? How each would impact you or your business?

Business Math Problem

East Side Arcade incurs the following fixed costs each week: Wages and Electricity: $500 Cleaning and Maintenance: $100 East Side charges $6 for admission and gives each customer $2 worth of “free stuff” when they visit. To meet debt service obligations and clear an acceptable profit, the owner needs to earn a profit of $1,000 [...]

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