•   100 Jericho Quadrangle, Suite 300, Jericho, New York 11753
  •  516-479-6300

Unforeseen Obstacles Can Derail Your Business

By:  Anthony C. Acampora, Partner-in-Charge

It’s the little unseen things, like termites, that cause the biggest problems.  That’s true in life and in business.  Most recently, in my life, it was a small unnoticed stick on the side of the road that sprained my ankle and took me out of the 2014 NYC Marathon after months of training.  In business, otherwise healthy companies, like healthy runners, can stumble and fall on unseen obstacles because business owners are focused only on the finish line of profit and expense rather than the road in front of them.

In the current business environment, there are so many broken branches on the business highway that can sideline your company.  Although we all regularly monitor our bottom line with an eye toward increasing revenue and decreasing expenses, most business owners rarely even think those little things that can derail a successful business faster than the loss of a critical customer or vendor.

What am I talking about?

Based upon the recent actions by the Department of Labor and other governmental agencies in the last year, have you even considered whether:

  • Any of your practices, procedures, policies in violation of any employment laws?
  • Are your employees properly classified and paid in accordance with appropriate wage and hourly requirements?
  • You are in violation of any recordkeeping requirements?
  • Your employee handbook up to date and legally compliant?
  • You have audited your bookkeeping function for fraud?
  • Your computer and data security protocols current?

If the answer to any one of those questions is “no,” then your business may be at risk.  If the answer to any one of those questions is “what’s that?” or “we don’t bother with that stuff,” then your business is definitely at risk.

If you would like to discuss this further, please e-mail me at AAcampora@SilvermanAcampora.com or call me at (516) 479-6330.

Best and happy running.

Anthony


Jay Hellman to Serve on the Board of Neighborhood House

SilvermanAcampora is pleased to announce that one of the Firm’s partners, Jay Hellman, has been asked to serve on the Board of Directors of the non-profit organization The Neighborhood House.

The Neighborhood House was created to affect change in the trend of suicide deaths and drug overdoses among young people, and to provide counseling to grieving family members.  The Neighborhood House’s network of professionals work with bereaved individuals in a variety of fields to create a place where people can come together to learn about normal grieving, realize their own strength and capacity for growth, and begin to live again with hope.

For more information about the Neighborhood House, please visit its website here.