(NewsUSA) - Small business owners have special financial needs and opportunities. You must navigate unique tax benefits and responsibilities, cash flow analyses, business credit and debt management, succession planning and insurance needs, among other issues.
It can be difficult to find the time -- and energy -- to research and make decisions about these financial issues on your own when you are already busy managing your business’s day-to-day operations. Working with a CERTIFIED FINANCIAL PLANNER™ professional can allow you to focus on your small business needs, while your trusted professional works for you to help you reach your financial goals. CFP® professionals are trained on many key financial courses that impact your personal success, business success and overall financial success.
Here are four examples of how your small business can benefit from working with a financial planner.
1. Protect yourself and your business. Financial risks multiply when you become a business owner. Operations could be interrupted because of a disaster, a key person on your team dies or becomes disabled, or property is lost. You could also face costly legal liabilities due to negligence or defective products. CFP® professionals can provide guidance on how to structure your business to mitigate some of these risks, as well as advice on specialized insurance coverage that provides extra protection.
2. Create a tax plan that maximizes cash flow and minimizes your tax bill. CFP® professionals are trained and experienced in the nuances of tax law. They can help you take advantage of business structure, expense categories and tax credits to reduce your overall income tax.
3. Establish a succession plan to guide the future sale or transfer of your business to the next generation of management. A CFP® professional can help you develop a strategic plan that covers the mechanics of an ownership change -- such as company valuation, tax implications and insurance issues -- and supports the transition’s long-term success.
4. Achieve your retirement goals. A CFP® professional can help you determine which qualified or nonqualified retirement planning strategy best fits your needs and long-term goals. They can also help you confirm that your revenues and expenses are correctly recorded and benchmarked in accordance with the retirement plan you choose.
Find a CFP® professional near you at LetsMakeAPlan.org. You can use the Small Business Planning and Business Succession Planning filters to locate professionals who offer planning services in these areas.
A sound financial plan, developed with professional expertise, will help you lay the path to a successful future for you and your small business.
Talking about and handling money is one of the most complicated aspects of being an adult. And for many of us, the conversation can get uncomfortable fast. Whether that’s parsing through finances with your partner or negotiating salary at work, the issue can be a source of anxiety and discomfort. And while it’s normal to be a bit reluctant when it comes to cash talk, sometimes your negative feelings toward money come from past financial trauma. A condition you may not even be aware of.
“Financial trauma is a financial wound or injury that can cause disruptive behaviors with money,” explains Stephanie Genkin, Certified Financial Planner (CFP), Certified Financial Therapist (CFT-1) and founder of My Financial Planner, LLC. “We tend to think of trauma as something extreme, but it’s not limited to dramatic events.” That means even the smallest incident can forever affect how you deal with money. In the same way that emotional or physical trauma elicits strong responses when survivors are put in certain environments and situations, so too, does financial trauma.
Again, financial trauma doesn’t have to be a major event that happened in your life. In fact, Genkin stresses the fact that it can happen to anyone across the socioeconomic spectrum. However, often, it is a result of dire circumstances.
“Financial trauma can be caused by chronic stress of having inadequate financial resources resulting in poverty, homelessness or food insecurity,” Genkin tells us. “It can be caused by an abrupt financial loss like a home foreclosure, bankruptcy, a contentious divorce settlement or a large financial loss in the stock market.”
Financial trauma can also be passed on from generation to generation, where you end up mimicking your parents’ negative relationship with money. If for example, your parents had to flee their home country due to war or insurrection, the legacy of the stress that comes with having to penny pinch while starting over and rebuilding can affect how you end up dealing with money, even if you weren’t around when all that occurred.
“Financial trauma generally occurs in childhood and can cause lingering psychological symptoms in adulthood, such anxiety, depression, stress, fear and anger,” explains Genkin.
“Financial trauma is pervasive and largely unaddressed,” says Genkin. “It impacts a person’s relationship with money making it difficult for an individual with unresolved financial trauma to manage money. If untreated and ignored, it can become debilitating.” Below are five signs of financial trauma:
1. Overspending/Compulsive shopping. Sometimes memories of growing up with no money can leave you feeling less than, insecure, vulnerable and even angry, so people tend to overcompensate. Constantly splurging and turning to retail therapy with money you may not have can be a sign of financial trauma.
2. Underspending. Conversely, not wanting to spend at all can also be another symptom of financial trauma. Individuals who were affected by chronic poverty or an abrupt dip in finances may be supremely frugal because they feel as though their security can be taken away at any moment.
3. Workaholism. Again, if you grew up under extreme financial strain and you saw your parents struggle to make ends meet, it’s easy to throw yourself into work and never relent because you’re scared of reverting to those circumstances.
4. Hoarding. In a way, hoarding is a form of blanketing yourself in things, so you don’t feel vulnerable. People with financial trauma may find themselves catastrophizing and having a hard time letting some things go for fear of they may need those items one day. If someone was once homeless, for example, they may have a hard time throwing out or giving away things such as blankets, sweaters or shoes.
5. Underearning. Sometimes your relationship with money can be so strained that you fail to advocate for yourself in the workplace. You may wind up taking less pay simply because you feel asking for more may risk your job. You may also find yourself stuck at one job for fear of failure at something new.
Though dealing with financial trauma can be incapacitating, the good news is that anyone can recover from it, assures Genkin. Coping methods include:
1. Getting help. It cannot be said enough, but seeking help is the best way to get to the root of any type of trauma. “Talking to a professional to explore your personal experience [can be helpful]. Financial therapists, for example, are trained to help an individual, couple or family work through financial trauma,” states Genkin. “A financial therapist can help you understand the feelings driving harmful behaviors and guide you into enjoying a healthier relationship with money.”
2. Take stock of your emotions surrounding money. “Examining your triggers to help reduce harmful behaviors with money is crucial. For instance, taking note of when you shop and why may present clues to compulsive shopping or overspending. Knowing workarounds or things to avoid when triggered can also reduce relapses.”
It’s also important to remember that certain methods such as meditation and journaling that help us with our emotional and mental health can also be useful in healing financial trauma. “Regulating your nervous system through mindfulness meditation and breathing exercises can help ground you before opening a credit card statement, checking your credit score or addressing money with a partner,” advises Genkin.
3. Seek a financial planner. While a financial therapist may help you deal with your emotional relationship with money, financial planners can help you with some actionable ways to handle your finances. “Some financial planners even integrate understanding inner feelings about money with external action to improve finances,” Genkin explains.
The bottom line: Financial trauma can happen to any of us. The key is being able to recognize it’s happening and be proactive about having a better relationship with money.
RELATED: How Inflation Can Affect Your Paycheck (and What You Can Do About It)
Mercer Island, Wa. – Today, Best Christian Workplaces Institute (BCWI) honors 109 faith-based organizations and Christian-owned businesses as Certified Best Christian Workplaces in the first half of 2022.
These workplaces reported strong satisfaction with team dynamics, even during a season when external research reveals the prevalence of isolation and disconnection at work.
What’s unique about organizations that are certified as Best Christian Workplaces? Employees at these workplaces affirm good teamwork and conflict resolution skills in their responses to the BCWI Employee Engagement Survey. Even in the face of lower satisfaction with compensation and benefits, employees find high levels of meaning and value in their work as their organizations achieve their goals.
In today’s tight labor market where employees are feeling the pinch of inflation, leaders are concerned about their ability to compete for top talent and offer compensation and benefits to retain employees. Jay Bransford, CEO of BCWI addresses these challenges: “Many organizations are facing financial pressure, especially if they experienced a drop in donations or other revenue streams over the past few years. Rewarding compensation and outstanding talent are two important factors for flourishing organizations in the long-term. Even as these areas are lagging, top-ranking organizations see the benefit of investing in teamwork and sustainable strategy to increase employee engagement.”
Another challenge for effective leadership is healthy communication. After several years of adaptation in workplace patterns, employees need consistent communication to increase their engagement. Organizations that have a healthy workplace culture have found ways to effectively communicate and work together toward common goals even when employees are not all at the same comfort level with hybrid or virtual work settings.
Workplaces that are flourishing have leaders who are proactive rather than reactive in a changing environment. Bransford underscores the importance of great leadership in influencing workplace culture: “We live in a world of dynamic change—from changing global political and economic realities, to cultural shifts in society. Effective leaders need to continuously take the pulse of their organizations to better understand the state of their flock and how best to support, attract, and retain top talent. No other factor impacts the performance of an organization to a greater extent than its culture. Therefore, proactively assessing and developing a healthy culture is a strategic imperative for all leaders. BCWI is the expert in assessing the culture of Christian organizations—applying robust data and experienced, professional consultants to guide you along the road to flourishing.”
This year’s Certified Best Christian Workplaces list features organizations in the United States, Canada, Thailand, Australia, Indonesia, and Zambia, and includes a variety of faith-based nonprofits, churches, and Christian-owned businesses.
Since 2002, BCWI’s Employee Engagement Survey has been completed by more than 340,000 employees from over 1,300 organizations in the US, Australia, Africa, Asia, Canada, Europe, Central and South America.
Global Director of Marketing
About Best Christian Workplaces Institute
â€‹â€‹BCWI is an international, not-for-profit, research-based, organizational development and human resources consulting firm, with offices in Mercer Island, Washington, and London, Ontario.
We equip and inspire Christian leaders to build an engaged, flourishing workplace. We believe that Christian-led workplaces can set the standard as the best, most effective places to work in the world. Founded in 2002, we help measure and Strengthen the health of organizations through our surveys, 360 Leadership Review process, and consulting services. BCWI is a non-profit 501(c)(3) organization.
For more information, visit bcwinstitute.org. Explore our Blog and the Flourishing Culture Podcast for valuable insights and resources from top Christian leaders.
The following organizations are honored as Certified Best Christian Workplaces in the first half of 2022:
CAMPS AND CONFERENCE CENTERS
Cho-Yeh Camp and Conference Center – Livingston, TX
Forest Glen Camps & Retreats – Huntsville, TX
Lake Ann Camp – Lake Ann, MI
One Hope Canada – Winnipeg, MB Canada
Calvary Christian Academy Fort Lauderdale— Fort Lauderdale, FL
Cherry Hills Christian School – Highlands Ranch, CO
The Covenant School – Dallas, TX
Crestmont Christian Preparatory School – Boerne, TX
Grace International School – Hang Dong, Thailand
Grapevine Faith Christian School – Grapevine, TX
Harvest Christian Academy – Elgin, IL
Milpitas Christian School – San Jose, CA
Pickering Christian School – Ajax, ON, Canada
Southeast Christian School – Parker, CO
Wheaton Academy – West Chicago, IL
Atiba Software, LLC – Nashville, TN
BETA Fueling Systems, LLC – Reidsville, NC
C12 Group - San Antonio, TX
Civil Southeast, LLC – Andalusia, AL
Davidson Wealth Management – Davidson, NC
Dow Smith Contracting Company, Inc. - Smyrna, TN
Excellence in Giving – Colorado Springs, CO
Gold Eye Clinic – Palestine, TX
Harris Beverages – Durham, NC
HumCap LP – Plano, TX
John Houston Family of Companies – Red Oak, TX
Liberty Storage Solutions – Mocksville, NC
Outreach – Colorado Springs, CO
Total Computer Solutions – Greensboro, NC
Wilson Lumber – Huntsville, AL
Ada Bible Church – Ada, MI
BattleCreek Church – Broken Arrow, OK
Beulah Alliance Church – Edmonton, AB Canada
Central Community Church – Wichita, KS
City on a Hill – Melbourne, VIC, Australia
The Crossing Church – Costa Mesa, CA
Connect United – Ashland, MA
Grace Bible Church – Virginia Beach, VA
Irving Bible Church – Irving, TX
Kamloops Alliance Church – Kamloops, BC Canada
Lifepoint Church – Fredericksburg, VA
LowCountry Community Church – Bluffton, SC
Miracle Life Family Church – Lusaka, Zambia
Mission Community Church – Gilbert, AZ
Mission Hills Church – Littleton, CO
Montgomery Community Church – Cincinnati, OH
New Vision – Murfreesboro, TN
Pathway Church – Wichita, KS
Port City Community Church – Wilmington, NC
Redeemer Lincoln Square – New York, NY
Redeemer Presbyterian Church West Side – New York, NY
Rolling Hills Community Church – Franklin, TN
StoneBridge Christian Church – Omaha, NE
Southeast Christian Church – Parker, CO
Southridge Community Church – St. Catharines, ON Canada
Summit Crossing Community Church – Madison, AL
Suncrest Christian Church – St. John, IN
Thornapple Valley Church – Hastings, MI
Traders Point Christian Church – Indianapolis, IN
Trinity Church – Lansing, MI
The Village Church – Flower Mound, TX
West Side Presbyterian Church – Ridgewood, NJ
Whittier Area Community Church – Whittier, CA
4KIDS – Fort Lauderdale, FL
The Bair Foundation – New Wilmington, PA
BsideU for Life – Louisville, KY
Care Net – Lansdowne, VA
Care Net of Puget Sound – Tacoma, WA
Christian Children’s Home of Ohio – Wooster, OH
Human Coalition – Plano, TX
Life Network – Colorado Springs, CO
Promise 686 – Norcross, GA
Save The Storks – Colorado Springs, CO
Colorado Christian University – Lakewood, CO
Family Life Communications – Tucson, AZ
RightNow Media – McKinney, TX
The Urban Alternative – Dallas, TX
Vision Christian Media – Springwood, QLD, Australia
PARACHURCH AND MISSIONS
Baptist State Convention of NC – Cary, NC
Bible League International – Crete, IL
CDF Capital – Irvine, CA
Focus on the Family Canada – Langley, BC Canada
Generous Giving – Orlando, FL
Jewish Voice Ministries International – Phoenix, AZ
Love Justice International – Lincoln, NE
Operation Mobilization USA – Tyrone, GA
Reasons to Believe – Covina, CA
StuMo – Conway, AR
Untold – Atlanta, GA
Wycliffe Canada – Calgary, AB Canada
PRODUCTS AND SERVICES
ACSI – Colorado Springs, CO
Canadian Centre for Christian Charities – Elmira, ON Canada
Classical Conversations – Southern Pines, NC
Evangelical Council for Financial Accountability – Winchester, VA
PCA Retirement and Benefits – Lawrenceville, GA
Samaritan Ministries International – Peoria, IL
The City Mission – Cleveland, OH
Outreach Inc. – Indianapolis, IN
Phoenix Rescue Mission – Phoenix, AZ
The Rescue Mission – Fort Wayne, IN
Seattle’s Union Gospel Mission – Seattle, WA
St. Matthew’s House – Naples, FL
Sunday Breakfast Rescue Mission – Philadelphia, PA
Trinity Rescue Mission – Jacksonville, FL
Union Rescue Mission – Wichita, KS
Wheeler Mission – Indianapolis, IN
Yakima Union Gospel Mission – Yakima, WA
Best Christian Workplaces Institute
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Religion News Service or Religion News Foundation.
"I have stayed awake worrying about our son’s future every night for the past 15 years. Who will care for him once we’re gone? If he’s not able to be financially independent, how much do we need to have saved for him?"
These are the comments and questions from one of my clients during our first conversation about her son with special needs, and they are not unique to her. I hear these common themes from most parents of children with special needs that I meet.
The daily demands of doctor’s appointments, therapy sessions, school meetings to review their Individual Education Program, and the myriad other responsibilities consume all a parent’s mental energy and focus. There is not much time left to plan for the future. It can be overwhelming to say the least.
But help is available. As someone certified as a Chartered Special Needs Consultant®, I worked with this family for several months to chart a financial path. It addresses four fundamental financial steps to build a comprehensive financial plan for a child with special needs that can apply to other families.
Every parent needs to have a current will in place. Wills direct where assets will go after one’s death, but for parents of minor and/or dependent children they are so much more important.
Your will names the person(s) you choose to be your child’s guardian if you pass away prematurely. For your child with special needs, it is important to think about the amount of time your child may need a guardian since it could include their adult life. For this reason, you should choose successor guardians who can step into that role after the primary guardian is no longer capable of serving in that capacity.
One of my clients has named his mother as the guardian of his daughter, but given her advanced age, has also named two of his siblings as successors. And they can step in and provide care when needed.
You may choose to have a different family member serve in the role of trustee to oversee the financial aspects of your child’s life as those two duties can be divided. Naming a guardian should be reviewed at least every five years, or more often as life events affect the guardian’s ability to take this responsibility. A legal document naming your child’s guardian should be your first priority in your financial planning journey.
Any assets left to your child with special needs should be placed in a special needs trust. These trusts serve a variety of purposes, including providing financial oversight, protecting your child from those who may take advantage of them and preventing disqualification from certain public benefits, such as Medicaid and Supplemental Security Income (SSI).
When meeting with an estate planning attorney to draft your wills, you should also request that they draft language to leave any assets to your child with special needs in a special needs trust. This allows you to name a trustee to oversee the management of any funds left to your child. It is also important to communicate with other family members or close friends who may plan to leave money to your child in their wills. Doing so will help avoid potential disqualification from these crucial public benefits by a sudden infusion of assets into your child’s estate. Without a special needs trust, having more than $2,000 in cash and/or investment assets can disqualify an individual from receiving certain public benefits.
Once the special needs trust is created, it needs to be funded with enough assets to provide for your child for the rest of their life. If you do not have enough savings and other assets, life insurance can be an excellent tool and is used by many parents to create instant liquidity if needed. A financial planner or life care planner can estimate the amount of money needed to care for your child for their lifetime. From there, you can determine how much life insurance is needed once you have that estimate.
For married couples, a survivorship policy is most commonly used to fund a special needs trust. This is because the death benefit does not pay out until the second spouse passes away, which is when the funds are needed to provide for the child. Premiums for a survivorship policy may also be lower than an individual life insurance policy on each parent. The ownership and policy mechanics can be complex, so work with a knowledgeable financial adviser to guide the process of acquiring this coverage.
If you have money set aside for your child today, you should consider opening an ABLE (Achieving a Better Life Experience) account. This account can be set up online through a state-sponsored program and allows you to save and invest after-tax dollars. Any growth from these funds can be accessed tax-free for the benefit of your child with special needs. The list of qualified disability expenses is extensive, but be sure to follow your plan's guidelines on expenses to avoid paying taxes and a 10% penalty on the distributions.
Annual funding is capped at the annual gift tax exclusion ($16,000 for 2022) per year per beneficiary. If you child works, they may be able to contribute additional money to the account beyond the cap. However, as the value of an ABLE account grows if it is valued at $100,000 or more, it can disqualify a person from receiving some Social Security Income benefits. For that reason, many families manage the distribution and addition of funds to this account to keep the balance below that threshold.
Once completing these four steps with the client I mentioned earlier, she let me know some of her most overwhelming worries had been addressed. Now, she has a plan for her son’s future. By taking these four steps, parents can be well on their way to providing a financial future for their child. And it will help provide some peace of mind that some of the biggest planning objectives have been covered.
Associate Wealth Adviser, CI Brightworth
Josh Monroe is a CERTIFIED FINANCIAL PLANNER™ practitioner and a Chartered Financial Consultant designee who listens actively and plans thoughtfully to help clients achieve their goals. He joined the CI Brightworth team in 2019 as a Financial Planner. Before CI Brightworth, Josh spent eight years at a leading insurance and investment firm in a variety of roles, including compliance and supervision. Josh is passionate about financial planning and making complex concepts easy to understand.
Wealth Management | Bronze Winner
Managing complex personal finances Eventus Wealth Advisors exists to help families identify what is most important to them. Together, through a collaborative process, the team helps each family create evolving strategies to live their lives to the fullest and to make a meaningful impact with their resources.
“True financial security empowers families to make informed decisions to achieve their personal definition of prosperity,” says Abby Grodecki, a Certified Financial Planner. “We help them enjoy today and be confident for tomorrow.”
Eventus serves a broad range of clients, including many people described as “first-generational wealth.” Their advisors guide families on journeys many have never taken before, helping them make better choices at each of life’s “forks in the road”.
“Our team is special for how we communicate,” Abby says. “We pride ourselves in explaining complex courses with simplicity and clarity so families can make informed, confident decisions.” 608-819-0510, www.eventuswealthadvisors.com
For more Best of Madison winner profiles, click here.
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Leading workplace financial wellbeing program LearnLux is honored to receive Ragan Communication’s Workplace Wellbeing Hot List Award for 2022. The impressive list of Host List winners includes a premier group of mental, financial, and physical wellbeing solutions along with caregiving benefits, employee engagement solutions, and more.
“The LearnLux team is very honored to receive the Workplace Wellbeing Hot List award from Ragan,” says CEO Rebecca Liebman. “Our mission is to create the most accessible and equitable financial wellbeing program. Everyone, no matter their income or net worth, deserves to be financially healthy. It has been inspiring to partner with many of the world’s biggest and best employers who believe in financial wellbeing, too.”
In our financially stressful world today, employees at all incomes and asset levels face financial challenges. exact studies show that 78 percent of Americans live paycheck-to-paycheck, including high earners. LearnLux is proud to empower innovative employers to offer holistic financial wellbeing programs that blend digital tools and education with on-demand Certified Financial Planner™ professionals.
According to Ragan, “LearnLux and the 2022 Workplace Wellness Hot List winners underscore the ongoing need and demand for products, technology, and services that accelerate employee wellbeing and help companies address critical challenges within their workforce.”
LearnLux will be part of a distinguished group of winners who will be recognized during the opening reception at Ragan’s Workplace Wellness Conference. This annual conference brings together hundreds of HR, wellness, benefits, and communications professionals on August 16-17, 2022 at the Hyatt Regency Chicago.
LearnLux is the leading workplace financial wellbeing provider that blends fiduciary digital planning with access to one-on-one guidance from Certified Financial Planner™️ professionals. LearnLux's award-winning program equips employees with a financial plan to guide them through decision points like budgeting, paying down debt, electing benefits, understanding equity compensation, starting a family, buying a home, saving for retirement, and more. Advanced reporting keeps our partners in the know, and drives results like reduction in financial stress, increased productivity, reduced employee turnover, greater use of pretax products, on-time retirement, and healthcare savings. LearnLux members feel great about their money, allowing their work and wellbeing to thrive. Learn more at learnlux.com.
The Certified Farm Succession Coordinator Training originally set as an in-person training has switched to a virtual format Aug. 29-30 and Sept. 13.
The training provides the opportunity for individuals to become a certified farm succession coordinator. It is hosted by the University of Wisconsin’s Center for Dairy Profitability, in collaboration with the International Farm Transition Network (IFTN) and North Dakota State University Extension.
The virtual training will take place from 9 a.m. to noon and 1 p.m. to 4 p.m. each day. Participants must attend all three days to be eligible for certification. Registration is required by Aug. 18.
Attorneys, accountants, lenders, Extension educators, financial advisers, farm/ranch mediators and any individuals who want to specialize in farm succession planning are welcome to participate. This training is approved for 14.75 ND CLE credits plus 2.0 ND Ethics credit for a total of 16.75 ND CLE credits through the North Dakota Commission for Continuing Legal Education.
“The economic future of our nation’s agriculture depends on the next generation’s ability to access land and business assets,” says Carrie Johnson, NDSU Extension assistant director for family and community wellness. “Many farm and ranch operators are realizing the importance of creating a succession plan. Agriculture service professionals who work with these farms and ranches are recognizing that it takes more than a business structure or an estate plan to get those assets transferred to the next generation of managers. Succession planning also includes management transfer, inheritance issues and (surprise!) humans with emotions.”
This training will offer:
Instructors for this training are Kiley Fleming, executive director of the Iowa Mediation Service, and Joy Kirkpatrick, a farm succession specialist with the University of Wisconsin’s Center for Dairy Profitability. Fleming and Kirkpatrick have been instructors for this training since its inception in 2012. They offer over 35 years of combined succession planning experience to the training.
Registration fees are $950 per person. A discount of $50 per person is available for organizations registering three or more individuals in the same purchase. The fee includes a 2022-2023 International Farm Transition Network membership. For more information or to register, visit ndsu.ag/farm-succession .
For more information, contact Kirkpatrick at firstname.lastname@example.org or 608-263-3485.
SELINSGROVE — Susquehanna University has been recognized as an innovator and national leader for its business and study-abroad programs in the 39th edition of the Fiske Guide to Colleges.
The guide cites Susquehanna’s challenging academics, central curriculum, small class sizes, internship and research opportunities, and emphasis on service and Susquehanna’s competitive athletic teams.
The guide also recognizes the university’s accredited Sigmund Weis School of Business, making particular note of its international internship opportunities and semester-abroad program in London. Also singled out are Susquehanna’s Common studying program, which has been written about in the New York Times, its 3+2 cooperative engineering program and the socioeconomic diversity of its students with 98 percent receiving financial aid.
Among prospective students, their parents and their high-school counselors, the Fiske Guide to Colleges is considered an authoritative sources for college information. The guide’s selection process is based on questionnaires completed by current students and administrators, as well as campus visits and supplementary research conducted by the editorial staff.
The Fiske Guide to Colleges was originally compiled by Edward B. Fiske, who served as education editor of The New York Times for 17 years, and is updated annually by the Fiske editorial team.
SALT LAKE CITY, July 21, 2022 (GLOBE NEWSWIRE) -- Savage, a global provider of industry infrastructure and supply chain services, has been recognized as a CERTIFIED EVERGREEN® company by Tugboat Institute®. Evergreen® companies are private, profitable, enduring, and market-leading businesses that put their people and purpose first and avoid decisions that impose a “growth-at-all-costs” or “exit-oriented” mindset, which benefits both the communities they serve and our society.
“We’re grateful to be recognized for our team’s ongoing commitment to the values established by our founders, the Savage brothers. Living and leading according to the principles in our Vision and Legacy will guide the company through future generations,” said Savage President and CEO Kirk Aubry. “Our success over 76 years is a result of continually working to grow the business consistent with our purpose and strategy, for the benefit of our Team Members, Customers and Communities.”
Companies that are recognized as CERTIFIED EVERGREEN® complete an extensive, rigorous assessment to confirm their track record of continuous improvement and enduring excellence around values, practices and people. Once certified, these Evergreen companies join a select group of similarly purpose-driven organizations that attract top talent, valuable partners, and loyal customers.
The CERTIFIED EVERGREEN® Assessment measures a company’s performance according to the tenets of the Evergreen 7Ps® and its ability to endure over a long period of time by considering the company’s history and track record, culture and rewards, innovation and people metrics, financial performance, and future readiness.
The defining tenets of Evergreen businesses are the Evergreen 7Ps®: Purpose, Perseverance, People First, Private, Profit, Paced Growth and Pragmatic Innovation. Evergreen companies have demonstrated greater longevity than most companies and are proven to be more resilient through economic cycles than private equity or venture capital-backed firms.
In business for 76 years, Savage is a privately held, global provider of industry infrastructure and supply chain services, with approximately 4,000 Team Members in over 200 locations. Our Customers and Partners count on us to safely and sustainably move and manage what is essential to their business. We enable our Customers and Partners to Feed the World, Power Our Lives and Sustain the Planet. www.savageservices.com/savage-companies
Jeff Hymas Savage 801-944-6584 email@example.com