Sometimes they even backfire By Don Harkey With an increasingly challenging labor market, employers are left looking for ways to attract and retain talent. Most are rightly looking at their benefits, and some are looking at bonuses or profit sharing as an option. I am often asked the simple question, “do bonuses work?” Sorta. Let…
Heritage Fine Jewelry’s succession set in stone By Leslie T. Snadowsky Patricia Catalano moved her family and her jewelry business to Hilton Head in 1990. For the last 25 years siblings Patrick Safe, 52, Doug Safe, 50, and Jennifer Lance, 43, all became integral parts of their mom’s Heritage Fine Jewelry located at Shelter Cove…
Tips for buying, managing, selling and sharing the profits of a family business By Gregory P. Thomas A family business can be an exciting and challenging venture. Working with loved ones can provide many benefits, such as flexibility, loyalty and a strong sense of identity and purpose. However, family businesses also face unique challenges that…
Family fuels Reichenbach’s drive to succeed By Leslie T. Snadowsky You probably saw his kids grow up on TV. For 15 years South Carolina State Sen. Mike Reichenbach produced monthly commercials for his South Carolina car dealerships that featured daughter, Olivia, and son, Isaiah, who helped tell those looking for new and used Chevrolet Silverados…
When it comes to succession, planning ahead is everything. By Leslie T. Snadowsky When Creighton Stuckart, a certified financial advisor and managing partner of the Atlantic Investment Advisory Group on Hilton Head, lost his mom in 2016, he said it served as a lesson in estate planning. “It wasn’t so much dealing with the financial…
How to save a little time, a little money and a lot of hunger By Ima Saver We hate to see you leave money on the table, or in this case, leave money at the gas pump. You probably are a member of rewards programs for groceries, airlines and hotels. Why stop there? Your company…
Why timing the market is a loser’s game By Bonnie Conrad When you invest your money in the stock market, it is only natural to want to avoid bear market declines. After all, bear markets can take the value of stocks down 50 percent or more over the course of several years, a disconcerting drop…
Improve your bottom line by mixing bogeys with business By Leslie T. Snadowsky Doug Weaver, former PGA Tour pro and director of instruction at Palmetto Dunes Golf Academy at Palmetto Dunes Oceanfront Resort, was playing a round of golf with a professional photographer and someone who managed a local hotel for a national brand. The…
By Leslie T. Snadowsky Visionary side hustles deliver more than just cash Kimberly Porter saw the trend coming. “About 15 years ago, one of our students decided to go into business with some of his college friends hauling junk from people’s apartments and houses,” said Porter, the director of operations assessment and strategy at Pace…
Investing in visionaries By Leslie T. Snadowsky Bruce Wood has vision. The founder and managing partner of Hilton Head Capital Partners (HHCP) opened his registered investment advisory, fee-only fiduciary firm (RIA) in 2017 when he left Wells Fargo Advisors after 44 years as a banker and wire-house advisor. He entered the independent portfolio management world…