Alchemy for CEOs; Net Neutrality Primer; Tax Facts; Econ Recon: Keep on Trucking

Alchemy for CEOs

In the Middle Ages, Alchemists labored mightily, but in vain, to turn lead into gold. One Vistage member, speaker and author suggests that CEOs can be modern day alchemists and achieve a transformation that yields even more value; turning employers into owners.

Scot Hunsaker is a ten year plus Vistage member and award winning 2016 Vistage Breakout Speaker who bought a small engineering firm from his father, grew it ten-fold and sold it for cash to his employees. As important as the sale was to him, equally important is that the company continues to thrive years after his departure.   

In his new book, Heroic Leadership, Scot shares a first person account of this story and offers valuable lessons for other business owners looking to do the same.

But first, you might wish to listen to an interview of Scot by Vistage Speaker Andrea Simon on her podcast series in which he shares the “been there, done that, got the T-shirt” lessons of one of the most important things a business owner will ever do.  This short video recap of his presentation is also worthwhile…and motivating.

A Net Neutrality Primer

The Federal Communications  Commission (FCC) voted on Thursday to repeal Net Neutrality. The notion of Net Neutrality and its possible repeal has been background noise for many of us. But now that it’s here, you may wish to get up to speed on what it is, and what its repeal might mean for you and your business. This article from Business Insider is a good place to start.

Tax Facts

Tax reform appears all but done. CNN put together a recap of what it all means. In particular, you will have to move quickly to address withholding from your employees’ paychecks. Check with your payroll provider asap!

Econ Recon

Dow 28,500:  It’s getting toward yearend and that means lots of predictions, especially from economists and market watchers…and economist Brian Wesbury is no exception. The market has been setting new highs every week and Dr. Wesbury looks for that to continue with the Dow at 28,500 by this time next year a gain of nearly 4,000 points.  A bold prediction to be sure; find out why he makes it in his latest Wesbury 101 video.

“Keep on Truckin” (If you can): Alex Chausovsky of ITR Economics warns that everyone’s costs in 2018 may go up due to a change in the trucking business that takes effect this Monday. As you finish up your budgeting for the year, ask yourself if you are prepared for rising costs in 2018 due to an event you may not even be aware of.