Shield Advisory Group

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Confectionary Espionage to Win Over Our Sweet Teeth

Dec 23, 2020

The story of Milton Snavely Hershey comprises the classic mathematical formula of the American dream: Adversity + Hard Work + Resilience + Giving Back to Your Community = Successful Life and Legacy. Today’s story will also include two small doses of “borrowing”.

Hershey failed twice in business before opening the Lancaster Caramel Company in 1886. Miserably. Though the third try did end up being the proverbial charm, the company came close to completely failing. Hershey was plagued with bad credit after these prior failures. A bank cashier came to the rescue by co-signing the loan himself, giving Hershey the liquidity, he needed for a batch of raw ingredients that would keep the company going.

Perspiration also needs a bit of inspiration. In 1893, Hershey had gone to the World’s Columbian Exposition in Chicago and attended a demonstration of a German chocolatier. This demo included machinery that streamlined the entire chocolate-making process....

Be Noble, Buy Local

Dec 09, 2020

As much as you enjoy coming home to that stack of cardboard boxes after a long day at work or whether you prefer to do your shopping alla keyboard, resist the urge. Buy local.

Supporting your local ‘Mom & Pop’ shops creates local jobs, infuses community tax coffers with dearly needed sales tax revenue and creates a sense of community critical to our social wellbeing.

Businesses may find less expensive alternatives to goods and services outside their neighborhoods. Resist this extra-locale acquisition. Over time, imports eventually become the predominant source of supply causing local businesses to suffer financially and close. This inevitably has a negative impact on the economy. Lower prices do not necessarily equate to a benefit for the ultimate consumers. Imports tend to increase the reliance of an economy on other nations. This leads to a drop in political power amongst nations. While global free trade is an ideal to be sought, sourcing as...

Filling In The GAAP

Nov 06, 2020

“Consistency is found in that work whose whole and detail are suitable to the occasion. It arises from circumstance, custom and nature.” – Roman author, architect, civil engineer, and wanna-be-accountant Vitruvius

No field is this one sentiment more critical than in accountancy. Bookkeeping and accounting standards are designed to ensure consistent presentation of financial statements, making it easier for people to read and comprehend the information contained in the statements.

Generally Accepted Accounting Principles were eventually established primarily as a response to the Stock Market Crash of ‘29 and the subsequent Great Depression, which were believed to be at least partially caused by less than forthright financial reporting practices by some publicly-traded companies. The federal government began working with professional accounting groups to establish standards and practices for consistent and accurate financial reporting. Generally Accepted...

Another Business-Sports Analogy (this one is witty)

Sep 25, 2020

Avoiding Business Road Rash
By Luigi Rosabianca of Shield Advisory Group
  
There is no lack of sporting analogies and Team references to business strategy and success. No “i” in Team; Vince Lombardi quotes in board rooms; sports legend as spokesperson; bla bla bla. Yawn.
One sport is not often seen in ‘Team’ terms. Especially on this side of the Pond. Cycling. I cannot imagine another physical endeavor as physically and emotionally taxing of the human body as a cycling grand tour (Tour de France, Il Giro, la Vuelta)- besides starting one’s own business.
This is where my witty analogy starts to take shape so pay close attention.
There are 8 riders in a cycling Team. Various teams in a road race tend to ride in one tight clump called a peloton so everyone gets the benefit of drafting, except for the guy in the lead, of course. He (or she, as the female tours are gaining popularity) is said to be pulling the pack. The puller...

All the Tools You Need to Build a Successful Business

Sep 23, 2020

We implement Real Growth and Meaningful Change

Strategic Planning

Effective long-term planning requires careful coordination of organizational stakeholders, a transformation mindset, and deep industry expertise to drive capability-forward and market-back strategic plans. SAG partners with executive leadership teams to create a long-range plan that considers the unique nuances, capabilities, and opportunities for your business.

Business Coaching

Sustainable transformations require significant amounts of time, patience, energy, and incredible degrees of persistence and resilience. But transformations also require an actionable and focused guidance for your organization. SAG’s Business Coaching program helps keep you accountable and focused on your vision while giving your business access to industry experts.

Organizational Development

Between tight budgets and program demand, your organization must do more with less — and do it well no matter what because so...

Tailor Made Solutions for Growth

Sep 17, 2020

One Doesn't Go to a Shoemaker to Hem One’s Trousers.

Many small business owners started their companies to pursue their passions: designing jewelry, helping care for people, opening a restaurant, even starting an online store or manufacturing company. Then they start wearing numerous hats: CEO, marketing, product development, supply chain, and sales. Who has time for all this? Moreover, in this current environment, who has the tolerance for in-person, sit-down meetings where an hourglass is turned?

Advisors now, more than ever, need to take a personalized approach to supporting small business owners solve unique problems that hinder growth. Blanket solutions that feign to cure all ails are no longer viable. A bespoke, customized solution is essential.

Shield Advisory Group is keenly positioned to address these varied concerns as they arise.

Shield Advisory Group specializes in getting our clients access to credit and capital at the best rates and terms available.

Our team...

Economic Injury Disaster Loans: The Coronavirus Disaster Loan

Sep 09, 2020

Update on the Economic Injury Disaster Loan Program

Update on 6/30/20: The SBA has declared they will indeed acknowledge new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on account of financing endorsed by Congress. Candidates will be looked into on a first-come, first-served premise.

This financing is relied upon to go rapidly as entrepreneurs look for an EIDL credit, however, the loan of up to $10,000 that the SBA guaranteed candidates.

Outline of Economic Injury Disaster Loans for Coronavirus

The Small Business Administration's Economic Injury Disaster Loan (EIDL) program has gotten crisis subsidizing and been given extended forces from the government in light of the Covid pandemic.

U.S. entrepreneurs monetarily affected by the Covid episode can apply for an EIDL legitimately from the SBA and get working capital credits of up to $2 million. Candidates to the program can likewise get a loan of up to $10,000 inside three days of applying, which will be...

Limited Partnership: What Is a Limited Partnership, and How to Form One

Sep 07, 2020

What Is a Limited Partnership?

A Limited organization is an association where there are two kinds of accomplices—general and restricted accomplices. General accomplices deal with the business and are mutually subject to the obligations and commitments of the business. Restricted accomplices have restricted risk for business obligations and commitments however don't effectively deal with the business.

When starting a small business or private company, your decision of business substance is one of the most significant choices to make. The choice can be particularly convoluted in the event that you start a new business with various accomplices or plan on securing speculators. The restricted organization, perceived in every one of the 50 states, is a variety of a customary association.

After the approach of the restricted risk organization (LLC) during the 1970s and 1980s, restricted associations have declined in prevalence. Nonetheless, specific kinds of organizations, for...

All About Term Loan

Aug 11, 2020

What Is a Business Term Loan?

A conventional business term credit is a singular amount of capital that you take care of with normal reimbursements at a fixed loan cost. The "term" in "term credit" originates from its set reimbursement term length, which will commonly be one to five years in length. Most entrepreneurs utilize the returns of term advances to fund particular, one-off speculation for their private company.

Who Qualifies for a Term Loan?

A lot of organizations can fit the bill for a customary term advance—insofar as you've been doing business for a piece, have a decent FICO rating, and are producing income.

Not all business term advances are the equivalent, however: the financing cost, length of the term, and most extreme advance size rely upon your business incomes and FICO assessment.

Since customary term advances have longer reimbursement periods than momentary advances, your business' financials and FICO assessment are more significant.

How Do You Apply for...

The Power Of Business Credit

Aug 09, 2020

President at Novae, helping entrepreneurs set up business financial assessments at that point utilizing the scores to get to money and kudos for their business

In the same way as other entrepreneurs the nation over, when somebody begins an organization, they regularly don't approach huge wholes of cash or are keen on looking for seed capital. In this way, normally, the most widely recognized way another business person begins their organization is by utilizing their investment funds and applying for individual advances or Mastercards.

My underlying enterprising undertakings incorporated a similar way, however, I got that in the event that I needed to isolate myself from the opposition, I required more assets to increase my framework and advertising endeavors to arrive at more clients.

What I discovered early was that on the off chance that you over-influence your own credit profile by getting a few advances or maximizing your own charge cards to subsidize your business, your own...

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