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Management Files

your money

Where to Find a Safe Haven

CHICAGO — If the crazy ups and downs in the stock market these days have you feeling a little dazed, you have lots of company. For many savers and investors, trying...

Fight Trim and Pay Fair Share of Taxes (Part 2 of 2)

PEMBROKE, Mass. — Tax time is here again. Before I give you some tax tips, I want to tell you to pay your fair taxes. I know that not all of you do. Having said...

Fight Trim and Pay Fair Share of Taxes (Part 1 of 2)

PEMBROKE, Mass. — Tax time is here again. Before I give you some tax tips, I want to tell you to pay your fair taxes. I know that not all of you do. While visiting...

management strategies

Learning Valuable Lessons from Wild ’N’ Crazy 2011

SAN FRANCISCO — What a year it has been! Much about 2011 was erratic—the economy, sales trends, financial markets, even the weather. Plus, there were asteroids...

NLRB logo

Battleships, Broadsides and the NLRB (Part 2 of 2)

EVANSTON, Ill. — As we predicted here several months ago (Could The Unions Still Clean Up?), the National Labor Relations Board (NLRB) is continuing its pro-union...

NLRB logo

Battleships, Broadsides and the NLRB (Part 1 of 2)

EVANSTON, Ill. — As we predicted here several months ago (Could The Unions Still Clean Up?), the National Labor Relations Board (NLRB) is continuing its pro-union...

tax receipts

Last-Minute Tips to Lower Your 2011 Income Tax Bill (Part 2 of 2)

CHICAGO — The filing deadline for 2011 federal income taxes is not far off, but you still have time to make sure you’ve done everything you can to keep Uncle...

tax return

Last-Minute Tips to Lower Your 2011 Income Tax Bill (Part 1 of 2)

CHICAGO — The filing deadline for 2011 federal income taxes is not far off, but you still have time to make sure you’ve done everything you can to keep Uncle...

haute couture dry cleaning

What’s All the Fuss About Haute Couture?

SAN FRANCISCO — Since the November/December issue of American Drycleaner features fashion and fabricare, it might be opportune to examine the impact of the haute...

payroll books

How to Give a Raise

PEMBROKE, Mass. — Raises are not exactly a hot topic these days, particularly in the dry cleaning industry. But here is a story of something that happened to a young...

vintage bond

Pessimism Abounds in Municipal Bond Market

CHICAGO — When it comes to investing your money, there’s more than enough pessimism to go around, and nowhere is it easier to find than in today’s...

cash with tax forms

Deductions: Get ‘Em While You Can (Part 2 of 2)

ARDMORE, Pa. — Thanks to the 100% “bonus” depreciation write-offs created by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act...

hour glass with money in background

Deductions: Get ‘Em While You Can (Part 1 of 2)

ARDMORE, Pa. — Thanks to the 100% “bonus” depreciation write-offs created by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act...

sharing information

To Share or Not To Share?

SAN FRANCISCO — Why would you want to share information with employees? When times are tough, you keep the bad news, tight cash flow and potential layoffs all to...

dollar sign, fork in the road

Routes to Success (Part 2 of 2)

CHICAGO — The decline of Blockbuster’s DVD rental business that led to bankruptcy and the closure of hundreds of its brick-and-mortar stores across the country...

dry cleaner route service

Routes to Success (Part 1 of 2)

CHICAGO — The decline of Blockbuster’s DVD rental business that led to bankruptcy and the closure of hundreds of its brick-and-mortar stores across the country...

ice cream

Sell Something Other Than Drycleaning

PEMBROKE, Mass. — Family Drycleaners, in Hull, Mass., sells children’s toys in its front-counter section. Dolls, games and wooden toys are its stock in trade....

interst rates?

Your Money: Inflation-Protected Securities

CHICAGO — Inflation affects us all. Even when it is coasting along at what might seem to be a harmless rate, it eats away at the buying power of the dollar. When...

Photo: ©iStockphoto.com/DamirK

Sales by Any Other Name

SAN FRANCISCO — Sales, revenue, income … whatever you want to call it, it’s the one thing you always want more of. It’s an easy thing to want but...

teamwork

Clean Up Spotty Productivity by Gainsharing (Part 2 of 2)

EVANSTON, Ill. — By focusing on the cultural values of their growing foreign-born Latino workforce, drycleaning plants and laundries can boost productivity, lower...

productivity

Clean Up Spotty Productivity by Gainsharing (Part 1 of 2)

EVANSTON, Ill. — By focusing on the cultural values of their growing foreign-born Latino workforce, drycleaning plants and laundries can boost productivity, lower...

cogs

Doing the Small Things Well

PEMBROKE, Mass. — Are you frustrated? Has the business got you down? Are you tired of dealing with the same old complaints? Do you think your employees are taking...

stock quotes

Your Money: Leaning Toward Alternative Investments

CHICAGO — Judging from my e-mail, it’s not difficult to find savers and investors who are questioning the conventional wisdom when it comes to investing their...

Management Strategies: Face of Your Company

SAN FRANCISCO — Generally speaking, smaller drycleaning stores hire babysitters. Wikipedia defines babysitting as “the practice of temporarily caring for a child...