If Robots Replace People, Should They Be Paying Taxes?

Robot car plantby William E. Rogers MBA, CFP, EA

The capability of artificial intelligence has reached a point that it is no longer a question of if robots will replace people, but a matter of when. Highly automated factory floors, driverless cars, and computerized medical diagnoses all exist today. In the not too distant future it is plausible that a large percentage of highly skilled jobs will be performed by robots. In the fields of engineering, finance, and scientific research computers have already surpassed the ability to process data in a far superior manner than the brightest humans on the planet. [Read more…]

REMAINING RELEVANT AMONGST ROBOTS

human-automationWritten by William E. Rogers MBA, CFP, EA

This is not something out of a science fiction movie, or requires any stretch of the imagination. Every day, every week, and every month that goes by from now until some point in the not so distant future, a new technology is being launched that automates a task once performed by a human. Many of us marvel over all the cool things that our gadgets can do for us. But, have we ever wondered what the world will be like if we suddenly find ourselves one day competing for our jobs against a robot? [Read more…]

THE STRATEGIC THREAT OF OUR LIFETIME: PEOPLE VS. ROBOTS

robots welding in an automobile factory

Written by William E. Rogers MBA, CFP, EA

As the election season heats up, you are probably going to hear a lot of discussion about trade policy. Although there is no question that millions of American workers have been displaced by globalization; I personally feel that this is the wrong issue to focus on. Why, because the offshoring of jobs and the ensuing hollowing out of small town America have taken place over thirty years. I believe that it is extremely dishonest to tell voters that we are going to magically bring our jobs back by simply renegotiating trade deals. The reality is the global economy doesn’t work that way. We are only lying to ourselves by not recognizing the fact that the genie has left the bottle, and there’s no putting him back in. Whether we like it or not, we have to come to the stark realization that jobs that have been lost to global trade are not coming back. [Read more…]

4 PILLARS OF ROBUST BUSINESS GROWTH

Many businesses start life small and simple. But with growth comes the need for a stronger company infrastructure and increased operational sophistication. As you pursue a more robust business, focus on these four pillars:

1. Organizational management

Implement a formalized system for measuring performance that begins with written job descriptions and training. Issue a clearly written handbook of company policies. Give employees regular and constructive feedback. [Read more…]

INNOVATE OR ACQUIRE? THAT’S THE STRATEGIC QUESTION

 

Many companies reach a point in their development where they have to make an important decision: Innovate themselves or acquire a competitor? Of course, it isn’t always an either/or decision. Nonetheless, business owners should consider the pluses and minuses of both approaches.

Innovating to grow

Innovation is a broad term that encompasses many strategies — all of which are intended to help the company achieve goals such as boosting profits, improving cash flow, or diversifying products or services. Common strategies are: [Read more…]

THANK YOU FOR JOINING ASCEND Business Advisory

ABA_logoSmThank you for joining us on the new website ASCENDBusinessAdvisory.com. The purpose of the website is to serve as an objective resource when it comes to business, accounting, taxes, accounting automation, and most every aspect of your back office operations. The website will continue to grow in the areas of business resources, blog posts and guest blog posts in the months ahead. [Read more…]