Not only are there tangible benefits from building culture within your business, but there are clear signs construction may be well underway within your operations.
The key to understanding culture in our organization required us to go back to our vision, values and mission. This is where everything starts and ends. It’s our hill to die on. Your vision leads you. Your values guide you. Your mission is where these principles converge.
We have done many things over the years for our staff – BBQ’s, summer picnics, large family parties, years-of-service awards, bonuses, Christmas lunches and dinners. These things are great, but if you do not have a positive culture of connection within your organization, these things will not produce the positive results that reflect the financial investment you are making. This was the scenario we found ourselves in and here’s why.
The annual tax return provides an opportunity to re-consider the options available. Entities with more than one shareholder or member can elect corporate status on their annual tax returns. Thus, an entity that is a partnership under state laws may elect to be taxed as a ‘C’ corporation, or S corporation, for federal taxes by using Form 8832 (Entity Classification Election). Unfortunately, under those so-called “check-the-box” regulations entities formed under a state’s corporate laws are automatically classified corporations and may not elect to be treated as any other type of entity.
Determining who will benefit and who will face a higher tax bill under the new rules for pass-through income is difficult because there doesn’t appear to be a cohesive policy. Guidance is needed to define specific “service” trades or businesses because, under the new law, a service business isn’t eligible for the tax break.
Culture is the foundation upon which we do everything in our businesses. Whether it’s designing a new corporate logo, picking shirt colors, or placing potted plants throughout the office – we are creating culture. A key component to any business is finding which type of culture is needed to make you successful, and then sticking to it. When quality culture exists in your business, employees feel part of a team, productivity is greater, and your company stands out above the competition.
In fact, how you conduct meetings has a huge impact on the corporate culture you’re trying — or in some case, discouraging) to create.
At our Philadelphia-based headquarters we have worked to establish a healthy meeting culture. Although it doesn’t happen overnight, it has been an on-going process and a focal point of our day-to-day here at Sauers HQ.
We have all been a part of meetings that, for various reasons, start with the best of intentions but ultimately devolve and end up destroying any morale gained or progress made among team members. In the end, they’re a callosal waste of time.
CLICK HERE for some things to consider when planning meetings.
Everything they need to know about subs
Many property managers and owners don’t understand why the industry relies on subcontractors. Here are answers to common questions that will calm customer fears.
While we’re in the middle of the dog days of summer, it’s a sound business practice in the snow and ice management industry to begin preparing for the upcoming winter. Part of this preparation involves partnering with other great area companies to make sure we have the equipment and labor force to tackle winter the right way.
Every year, we incorporate subcontractors into our team to bolster our snow fighting numbers and to allow us to work with a wide variety of equipment. While this practice is common throughout the snow removal industry, many property managers and owners don’t understand why we use subcontractors. In fact, they are fearful their level of service will be affected when we bring in additional outside partners.
So, we’ve developed educational points to address these misconceptions about snow and ice subcontractors with our clients.