Tag Archives: business

Presidents’ Day: How will the Trump Presidency Affect Business?

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Monday February 20 is Presidents’ Day and many have the day off (lucky ducks). Originally, this holiday started as the celebration of George Washington’s birthday (February 22) but has since evolved. Now it’s a Monday holiday that celebrates our nation’s presidents past and present. Presently, we are one month into the Trump Presidency, and like it or not, there have been many changes. Trump campaigned with the slogan “Make America Great Again,” with the promise to invigorate businesses and the American economy. Now that he has spent a month in the Oval Office, what can we expect the effect of his proposed changes will be on businesses, nationally and abroad?

TrumpTaxes

During his election bid, Trump promised to make taxes simpler and to lower taxes for all Americans. This sounds great, but there’s a catch. President Trump’s tax plan for businesses could hurt small business owners. His proposed tax plan would have all
businesses pay a 15% tax, which is higher than what many small businesses pay currently. So the tax plan is great for the private citizen, but not so great for small business owners. There is a bright side to this, however. With more money staying in the hands of consumers rather than the government, that means they could potentially spend more. This could benefit small businesses; if those extra dollars are spent on their products and services.

#PresidentsDay: How will the Trump Presidency Affect Business?

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Growth

Trump is the first U.S. President to never have held a public office prior to his presidency. Much of his campaign was run focusing on his experience as a businessman and how he would make the United States a more profitable nation. The Republican Party typically takes a hands-off approach when it comes to governing and regulations. Trump followed party ideology by reversing many of the previous administration’s regulatory decisions, such as the Keystone Pipeline. His stance on coal, oil, and gas regulations can provide quite a boost for these industries; but deals a blow to the “Green Initiative” companies favored by President Obama. It is the support of industries like coal, oil, and gas which may have indeed won Trump several states like Pennsylvania (a typically Democratic-leaning state), in which these industries are a major part of the local economy.

Global Economy

Another key platform issue during the 2016 presidential campaign was foreign trade and the global economy. President Trump plans to make changes to trade agreements and taxes on U.S. companies that manufacture items outside of our domestic borders. This is in hopes that bringing industry back to the States could help the national economy and employment levels. Many companies that manufacture goods in foreign countries, such as Carrier, have now chosen to return to America to do business due to Trump’s proposed policies, and regulation changes in countries like China. The cost to do business abroad may soon increase and no longer be a profitable option. This will have a direct effect on the countries and their economies in which these industries are pulling out and could have a negative effect on the global economy.

Whether you love it or hate it the Trump administration is poised to make changes. How do you think this presidency will affect business? Will President Trump keep his campaign promises, or will he keep us guessing?

The Most Important People You Need In The Workplace

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“You’re only as good as your team.” A quote given by the nine time NBA All-Star Dominique Wilkins. A quote that may sound pretty straightforward and to the point on the surface is actually a lot more complex than you could imagine. Ask yourself, “How well am I performing?” Whether that question may be aimed towards your personal life in regards to your happiness, health, and family; or in your professional life in relation to your financial success or the overall strength of your company–it all comes down to whom is behind you. So, who are the most important people you need in the workplace?

People you need in the workplace

Who are the people in your life that are raising you up to become and maintain the happy, in shape, mother, father, or partner that you are? It’s important to not only understand the good standing you’re in; but who to thank for turning the often overlooked gears that made you this way.

Maybe you’re not the best you can be. Maybe your company is struggling with sales, keeping client relations strong, or forgetting its overall core values. Are you to blame? Partially, yes. It’s crucial to also realize that who you are made up of as a team often determines the success of the current moment you’re in now. So let’s dive right in and break down the most important qualities that you need in your workplace. We can uncover whether or not these qualities and skills are present, or need to be brought to your team immediately.

Commitment

Believe it or not, your team’s commitment to the overall goal of your company is crucial. An employee committed to achieving his goals and objectives is something magical in and of itself. These team players should be especially valued when times are tough, and when they continue to strive for solutions and refrain from blaming others. A person who is committed to your bigger picture is, in this case, probably the most important person in your office no matter what other skills and strengths they may have.

The Extra Mile

In order to gain your confidence, employees must be willing to go above and beyond what is typically required of them on the job. Employees who take on projects that fall outside their normal responsibilities can expand their skill set and explore new avenues for professional growth. While someone may not always have the time to volunteer for an extra assignment, passing on every opportunity will prevent any particular person in your team from being viewed as a go-to person in the department, as well as a critical cog in your business’ well-oiled success machine.

Communication/Interpersonal

In today’s workplace, communication is the skill of utmost importance. Your employees must have communication skills that allow them to proactively and effectively contribute their thoughts toward the overall proliferation of greatness within your company. An effective communicator leaves no room for error and can exhibit thoughts in a direct manner to make up the solid framework of your team.

Leadership and Creativity

Employees often work together on projects, so some employees must take on the leadership role to ensure deadlines are met, problems are addressed and all ideas are being considered. Meaning that leadership and creativity are also two very strongly needed qualities to have in your workplace. You as the employer often seek employees who have natural leadership skills. In addition, these employees must also have creativity skills so they can find and use solutions for potential problems on tasks, projects, or assignments.

Wear Multiple Hats

Who is the person in your office that shows an eager willingness to get done…well…whatever needs done? Having a person that doesn’t pump the brakes with what’s outside his job description is a huge asset. A person who wears multiple hats in the office is the reason you know if there are any loose ends; if there are, they will be covered.

Passion

When someone believes strongly in you, it makes a difference. You feel his support and you become more confident in yourself and your endeavors. When an employee believes strongly in your company’s mission, his job is no longer a job. It’s a calling. People work harder when they feel connected to and believe in your mission as a leader and the mission of the company. So why wouldn’t you include passionate people in your team?

Who are Your All-Stars?

Hopefully by taking a closer look within your company’s various teams you will find who shines the most and who could use some work. Maybe you’re missing an important quality/person all together who could bring that edge you’re looking for! Whichever the case, you now have a better understanding of the players on your team who are making your business the champion it is today.

ABG Capital to Participate in Strategic Planning Session

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ABG Capital

ABG Capital

December brings us many things.  The hustle and bustle of the holiday season is among us, the final quarter draws to a close, many businesses are preparing year-end reports, and thoughts of the upcoming New Year are in our heads.  Many people take the time to reflect, both personally and professionally, on the past year and look forward to 2013.  On a personal level, many look at what they have accomplished over the year and make new resolutions for 2013.  Corporately, businesses may draw up year-end reports and analyze numbers to determine their goals for the upcoming year.  At ABG Capital, we do all of those things.  We utilize our ideals to enhance our work and personal lives.  Our ideals are to cultivate ideas and people through our C.O.R.E. (Cultivate, Overcome, Respect, and Evolve) Values for the purpose of Giving Back.

Employees of ABG Capital utilize these ideals personally in many ways.  We participate in various activities throughout the year, where we are given an opportunity to Give Back to our community.  These activities include working at the food bank, fundraising for Make-A-Wish, and cleaning headstones at the National Cemetery of the Alleghenies.  In addition to Giving Back, employees also are encouraged to live healthy lifestyles.  We do an annual Biggest Loser contest, where interested employees weigh-in on Fridays, and the biggest loser receives a cash reward.  Also, we bring in an inspirational speaker/author in on a regular basis to educate our team about healthy eating habits.

In terms of business, we take our goals, or New Year’s resolutions, very seriously.  Every year around this time, our companies participate in Strategic Planning Sessions, where goals for the upcoming quarters are brainstormed and strategized.  These 2-day sessions employ strategic planning and executive education adopted from the Gazelles Growth and Leadership Summits.  As discussed in this earlier post, http://blog.abgcapital.com/?p=141, ABG Capital sends key employees to these Gazelles Summits to gain valuable training on how to lead and grow their companies.  This education, along with a Gazelles coach, enables each of ABG Capital’s portfolio companies to evolve solid annual strategic plans.

As 2012 draws to a close, employees at ABG Capital are busy preparing for holiday festivities, gathering gifts and monies for Giving Back causes, and focusing their energies on having a productive 2013.

ABG Capital is 14th Among the Best Places to Work in Pennsylvania

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ABG Capital

ABG Capital

What makes a workplace outstanding?  Ranking on Pennsylvania’s Best Places to Work list 5 out of the past 7 years, perhaps ABG Capital has the answer.  The focus at ABG Capital is on people and culture, which creates a work environment in which both businesses and individuals thrive.

ABG Capital is pleased to announce that it is ranked 14th among the top 71 small/medium employers in the state, according to the thirteenth annual Best Places to Work in PA awards program.  In addition to this honor, ABG Capital was also recognized locally by the Pittsburgh Business Times, ranking 41st on their list of Best Places to Work in Western Pennsylvania.  This was their 6th showing in the past 8 years.

The Best Places to Work in Pennsylvania program was created by four companies: Central Penn Business Journal, Pennsylvania Department of Community and Economic Development, Team Pennsylvania Foundation, and Best Companies Group.  These organizations developed this program for several reasons.  The organizations were interested in helping Pennsylvanian companies retain their current workforce, attract new workers, and to distinguish the businesses in the state that attract and retain Pennsylvania’s talented workforce.

This program evaluates and ranks the best places of employment in the State based on employee satisfaction and engagement, as well as workplace practices and policies.  To be considered for this award, companies are required to complete the assessment process, where employers complete Benefits and Policies Questionnaires and employees complete Engagement and Satisfaction Surveys.  Once this information is collected, Best Companies Group then sorts and interprets the data to determine company rankings.

“It is such an honor to once again be ranked with an elite group of outstanding companies in PA,” stated Sharon Kolesar, Human Resources Manager at ABG Capital.  “Here at ABG Capital, we create values to foster a healthy life balance for our employees.  To know that 75% of our ranking is based on our employees’ responses and feedback exhibits that our culture is effective.”

The winners’ rankings were announced Thursday evening, November 29, 2012, at an awards ceremony at the Lancaster County Convention Center.  Additionally, the ranked companies will be profiled in a supplement to the Central Penn Business Journal and other business journals across the state.

Located in Pittsburgh, Pennsylvania, ABG Capital leverages its unique business management model to reduce costs through the consolidation of back office operations for its portfolio companies. By consolidating services like accounting, legal, IT, software development, employee administration and HR, we are able to eliminate redundancy among, increase efficiency and be very nimble to the changes that occur in the market.  To learn more, visit http://www.abgcapital.com

Happy Thanksgiving from ABG Capital

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Turkey Bowl

5th Annual ABG Capital Turkey Bowl

In 2008, ABG Capital started a popular Thanksgiving tradition, their 1st Annual Turkey Bowl.  Employees wanting to participate were put into teams, and spent an afternoon playing flag football games.  This activity quickly became a favorite among the ABG Capital team.

This year, the team carried on the tradition and hosted their 5th Annual Turkey Bowl last Friday.  Four teams played until there was a champion.  Afterwards, the participating employees chose an MVP and Hands of Stone award.  Those winners will be announced at the ABG Capital Holiday Party next month.

ABG Capital would like to take the opportunity to wish you and your family a Happy Thanksgiving.  We are truly grateful our valued customers and dedicated employees.

To see more pictures from our Turkey Bowl visit: http://abgcapital.shutterfly.com/pictures/1798

ABG Capital Employee Brings Aid to Hurricane Affected Areas

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Hurricane Sandy

ABG Capital employee and husband with family affected by Hurricane Sandy

Those of us unaffected by Hurricane Sandy may be unaware of the devastation caused by this media-named super storm.  This huge storm affected 24 states, caused billions of dollars in damage, destroyed thousands of homes, left millions without electricity, and killed over a hundred people.  Even today, three weeks after the storm hit the US, there are still over a hundred thousand people without power in New York and New Jersey.

Denise Breide, the Provisioning Project Specialist for ABG Capital’s portfolio company, VoIP Innovations, was anxious to help out.  She and her husband, Ron, decided to take a trip to the East Coast to volunteer their time to those in need.  Prior to leaving, Denise collected various household items and cleaning supplies from her friends, family, and coworkers.  ABG Capital’s CEO, Jeff Tapolci, sent along a company donation as well.

Last Friday, Denise and Ron took their full trailer to the coast to distribute their collected items to those in need.  What they found was shocking, heartbreaking, and scary.

“I couldn’t believe the devastation in these hard-hit areas, “stated Denise Breide.  “The media could never portray how much loss these people have experienced.  It was truly heartbreaking to see these families have absolutely nothing left.”

Denise and her husband were so moved by their experience last weekend helping out those affected by this severely distressing hurricane that they have decided to repeat the trip.  This weekend, they will again drive over to the East Coast, trailer full or supplies, to help those in need.  They have another trip planned to December as well.

See pictures of Denise’s trip here:  http://abgcapital.shutterfly.com/229

ABG Capital Employees Attend Health and Wellness Presentation

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ABG Capital Health and Wellness Event

ABG Capital Health and Wellness Event

Yesterday, ABG Capital employees had the opportunity to listen to a presentation by Lindsey Smith, Certified Health Coach from The Real You Nutrition.  Smith talked to the employees about staying nutritionally aware, not just during the holidays, but in their everyday lives.  She also explained how oftentimes people choose their eating habits based on their moods.  Along with her helpful healthy eating tips, she also provided samples of smoothies for all to try.  Smith brought along a few copies of her recent book, Junk Foods & Junk Moods: Stop Craving and Start Living!, which she raffled off to employees.

Check out Lindsey Smith’s websites at http://foodmoodgirl.com and http://www.therealyounutrition.com

For pictures of this event, please visit: http://abgcapital.shutterfly.com/pictures/1755

ABG Capital Team Volunteers at Area Food Bank

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On Friday, November 2, 2012, nearly 20 employees from ABG Capital spent the afternoon at The Greater Pittsburgh Community Food Bank.  This particular Food Bank distributes 2.2 million pounds of groceries a month, so they rely heavily on volunteers to help with packaging.  The ABG Capital team worked in the Repack Center of the Food Bank and helped package up hundreds of pounds of frozen meat, poultry, and seafood items that were donated from local grocery stores.

“It’s always nice to get away from the daily grind and give back to the community that has given us so much, stated Jason Tapolci, who along with his brother, Jeff, own ABG Capital.  “Activities like these provide us all with a little more perspective on what is truly important in life.”

“Our employees had a blast,” said Jeff Tapolci, CEO of ABG Capital.  “I always enjoy giving back, and to work side-by-side with employees that I don’t normally interact with was very special.”

Located in Pittsburgh, PA, ABG Capital leverages its unique business management model to reduce costs through the consolidation of back office operations for its portfolio companies. By consolidating services like accounting, legal, IT, software development, Employees administration and HR, ABG Capital is able to eliminate redundancy among our portfolio companies and increase efficiency.

See more pictures from this giving back activity here: http://abgcapital.shutterfly.com/210

Giving Back

ABG Capital Giving Back

 

 

ABG Capital Employee Update

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Atta Boy! Board

ABG Capital’s Atta Boy! Board

Over the past few months ABG Capital’s portfolio companies have received positive feedback from many customers.  To encourage a motivating workspace, ABG Capital employees created an “Atta Boy” board where they will showcase these reviews and the employees providing the exceptional service.  Recently, Jessica Young, Provisioning Manager at VoIP Innovations, was recognized for her excellent customer service skills.  Steven V. Jackson from InterQOS, Inc wrote:

“I don’t have much time for this kind of thing, so I hope you realize how sincere I am when I take the time to write a note in praise of a trade partner’s personnel. With a recent problem, I contacted Jessica Young as the LNP manager for VI. She listened with real interest as I recounted the bizarre situation and stepped up on behalf of VI to get the problem solved. I would guess she in fact furthered our joint cause by documenting an improved means of handling these types of future port-ins which will bring less work to us all and a better end user impression. She presented herself in a very professional manner in the midst of an obviously frustrating situation making a very good impression on behalf of all of VI.

A business is really nothing more than a collection of agreements. Stake holders agree to certain objectives leading to a profit. Employees agree to perform certain defined duties leading to a pay check. The chasm between these two types of agreements often presents the root of a business’s failures or successes. Jessica Young presented herself in this situation as a true stake holder who understood the broader scope of our issue. She protected our joint interests at the business objective level rather than the “how do I have the easiest job” level of a simple employee and that is worthy of our admiration. My sincere compliments to Jessica; and to VoIP Innovations for having her on your side.”

Also in the VoIP Innovations’ porting department, Heather Halpern, Provisioning Specialist, and Denise Breide, Provisioning Project Specialist, were both recently acknowledged for their hard work.  Matt Collins from CCD Service, LLC wrote:

“I just wanted to take a moment to let you know how grateful I am for Heather & Denise in the LNP department. There was a small wholesaler who closed their doors last week with a couple numbers. We know that the emergency ports are never fun but they went the extra mile to make sure that everything went as smoothly as it could.”

In addition to be spotlighted internally, these positive reviews, along with a caricature of these three employees drawn by our Graphic Designer, Ryan Rice, were added to our employee recognition “Atta Boy!” board.  Last month, Dave Smith, Provisioning Specialist who is also in the porting department for VoIP Innovations, was in the spotlight for excellent customer service.  See that post here:  http://abgcapital.wordpress.com/2012/10/08/abg-capital-employee-update/

GuideChoice Introduces New Individual Retirement Account Program with Inspira

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Inspira

Inspira

GuidedChoice™, an industry leader in investment advice, managed account services, and strategic solutions for retirement plans and individuals, is launching a new individual retirement account (IRA) savings option that will utilize the Inspira® IRA platform. The new program will give current retirement plan participants, who access advice through the GuidedChoice platform, the ability to easily rollover assets into a GuidedChoice IRA. Additionally, individuals not currently using GuidedChoice will be able to open a GuidedChoice IRA and receive the same quality advice and affordable managed investments as plan participants.

“As defined contribution plans such as 401(k)s have grown to become the primary retirement tool for many Americans, the industry has responded with an impressive range of investment, advice, and management account solutions to help people make the most of them. But there is a gap for investors who leave their employer’s retirement plan – or who don’t have access to one in the first place,” explained David Bernard, Chief Client Officer for GuidedChoice.

Bernard continued, “To help meet this need, we created the GuidedChoice IRA. This innovative solution runs on the same GuidedChoice platform that powers our offerings for 401(k) and other employer sponsored retirement plans. With the introduction of this new service, IRA investors can enjoy the same professional, independent investment advice that we give participants in thousands of employer plans. They can take advantage of everything GuidedChoice has to offer – including our easy-to-use, behaviorally-based online interface, expert customer service, and integration with our unique GuidedSpending retirement income solution.”

The GuidedChoice IRA program represents an alliance between two industry innovators. GuidedChoice is an independent investment advisory firm dedicated to showing everyday investors the way to financial freedom. Inspira, an ABG Capital portfolio company, has created an open-architecture IRA platform with eSignature account sign-up process, online servicing and accountholder support that brings down costs associated with IRA administration.

“We are delighted GuideChoice selected Inspira to deliver the GuideChoice IRA,” said Lowell Smith, President of Inspira. “We believe our partnership gives individuals the right balance of affordable managed investments and advice that is missing in the marketplace. With GuidedChoice providing advice and investment management and Inspira facilitating the IRA process, retirement savers can be sure their investments are optimized to meet their unique financial goals – with the same high levels of expertise, service, and support found in retirement plans at many of the nation’s most progressive companies.”

GuidedChoice IRA will be made available in the first quarter of 2013. For more details about the program, contact Ashley Avaregan, SVP of Sales at aavaregan@guidedchoice.com or 888-675-4532 x101

GuidedChoice is an independent investment advisory firm specializing in investment advice, managed account services and strategic solutions for corporate and public retirement plans, advisors and individual retirement plan participants in many of the largest defined contribution plans in the U.S. They are also the creators of the award-winning Financial Guidance Theory (FGT), developed for retirement income planning. For more information, visit http://www.guidedchoice.com.

Inspira is based in Pittsburgh, PA and is owned by ABG Capital.  Inspira was founded in 2002 and provides bundled providers, recordkeepers, third party administrators, financial advisors, affinity groups, broker dealers, CPAs and payroll companies with turnkey, cost-eliminating IRA solutions. For more information about Inspira, visit http://www.inspirafs.com