Here are this week’s links to a few good stories that we found and selected because we feel they might add valuable insights and perspectives for small to medium size businesses.
- The Supreme Court of the United States (SCOTUS) struck down provisions of the Defense of Marriage Act (DOMA) last week. While the federal administrative impact still has to be determined, it is clear the 12 states that recognize same-sex marriages (which includes all of New England) would be affected. Steve Parrish, writing for Forbes Magazine highlights those issues that are important to the affected businesses in How Does The DOMA Decision Affect Business Owners?
- In recognition of the just-ended National Small Business Week, we salute Scott Fallovollita, President of United Tool and Die of Wilmington, Massachusetts, who represented the Bay State as the Commonwealth’s best small business owner. Max Nisen and Alexandra Mondalek writing for Business Insider share the insights of 18 state nominees in America’s Top Small Business Owners Share The Secrets To Making It Big.
- Lauren Simonds, writing for Time Business warns about the “Mom and Pop” mentality that can impede the growth of small business owners. In The First Step to Real Growth, she speaks of outsourcing: “More important, you’ll likely find that outsourcing certain functions—bookkeeping, monthly financial reporting, payroll services, and staffing come to mind—is an even more practical and effective way to move your business forward. Why? By off-loading those responsibilities, you free up time that’s better spent on revenue-generating activities.” While we certainly concur, we would add the services as offered by a Professional Employer Organization (PEO) to the top of the list.