Mickey's Mail: 10-3-18

Last week, as an Emeritus Director, I attended the Connecticut Business & Industry Association’s annual fall retreat. While there I was able to view CBIA’s just-launched “Fix Connecticut” media campaign. The intent for the campaign is to convince Connecticut citizens to elect a more business-friendly legislature, and to improve our state’s economy by growing more jobs and increasing tax revenues through that growth.
The first commercial of this campaign was released this past weekend and features three small business CEO’s.  

September 10, 2018

Richard Paul, Vice President of Investments

David Lerner Associates, Inc.


Single Women in Small Business 

While the earnings gender divide is an ongoing conversation, many women have ditched their
9–5 job in favor of starting a business.

Over the past 20 years, women have out-scored men in startups by 150%.  In the entrepreneurship sector, single women are at the head of the pack. According to U.S. Labor Department data, single women are becoming entrepreneurs at a faster rate than married women and, surprisingly, men in general.

When women earn about 20% less than men in corporate America, it’s understandable that they’d look for alternative ways to earn money. A report from the Institute of Women’s Policy Research shows that women are steadily increasing their presence in the world of small business ownership. The number of women-owned firms has grown 68% since 2007, compared with 47% for all businesses.

June 25, 2018

Robert (Bobby) Bennett, CLTC, Financial Services Professional Agent, New York Life Insurance Company
Registered Representative offering securities through NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency

Protecting Your Employees

If you have employees, you know firsthand that the loss of a key employee can have a profound impact on business operations. When an employee leaves, customers who dealt directly with that person may worry about receiving their goods or services in a timely manner; suppliers may be concerned about getting paid for their deliveries; and staff morale can also take a dip as remaining employees worry about assuming a heavier workload.

That’s why it’s important to make sure that your business is prepared to deal with the unexpected departure of a key employee which usually happens for one of three reasons: the employee chooses to resign, the employee becomes disabled, or they pass away.

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