News & Events

We Received the PPP Loan – What Do We Do Now?

We Received the PPP Loan - What Do We Do Now

The second wave of funding for the PPP loan has been approved. This has many of our customers asking, “We Received the PPP Loan – What Do We Do Now?” This week’s Trilogy Town Hall Call focused on what companies should do after receiving the PPP loan. To offer guidance, Trilogy invited the following professional advisors to join our call: Joel Greenwald, Managing Partner – Greenwald Doherty | jg@greenwaldllp.com Brian Mills, Shareholder – Maselli Warren, P.C. | bmills@maselliwarren.com Mark Lenski, Partner – Tarlow & Co., CPA’s | mlenski@tarlow.com Q&A: I have received the PPP for my business. I’m told that the loan forgiveness will be granted if I use 75% of the proceeds for payroll. In applying for the loan, my bank asked for my business expenses (e.g. rent, utilities, […]

Read More....

What is Your “New Business Normal”?

New Business Normal

Most businesses are now 4 weeks into working remotely and even essential businesses have been impacted by the shutdown. In some way, we all are working under a “new business normal”. On Tuesday, April 14th, Trilogy Partners hosted our 4th Navigating Covid-19 Town Hall call where we had an exchange around some common themes we’ve heard from our network. Thank you to our call participants for sharing how you are handling your “new business normal.” What tools and/or methods are you using to stay in touch with your team? Slack.com – video chat, text chat, create channels & groups of people for internal and external meetings Monday.com Project Management Tool & Communication tool complete with Dashboards & Integrations Vonage: Group chat for company/department. Some companies set up chat rooms for […]

Read More....

Update on CARES Act and Payroll Protection Program

Update on CARES Act and Payroll Protection Program

Trilogy Partners hosted our 3rd Navigating Covid-19 town hall conference call on Tuesday, April 7th to address even more questions around the CARES Act. We were fortunate to have the following guests on the call to provide answers and suggestions to our participants: Rich Feld, Partner: PragerMetis CPAs rfeld@pragermetis.com Rachel Stark, Shareholder: Stark & Stark Attorneys at Law rstark@stark-stark.com Eric Stevenson, Associate: Stark & Stark Attorneys at Law estevenson@stark-stark.com DISCLOSURE: Please check with your trusted professionals prior to acting for your business. This Q & A recap should not replace professional services from legal, financial, payroll, HR, insurance, or consulting professionals. If you need a resource in one of these areas, please reach out to Hal Levenson at hlevenson@gettrilogypartners.com or contact Trilogy Partners at 609-688-0428. Also, as expressed by the […]

Read More....

What Should You Do with Excess Profits?

What Should You Do with Excess Profits

What should you do with excess profits? It’s a great problem to have but it can also be difficult to navigate. Imagine your business is pushing out excess profits (business owners often dream of such times). What should you do now that you find yourself with a robust bottom line? Here’s 3 Suggestions for What Should You Do with Excess Profits 1. Place one-third aside for your owners or shareholders as a return on their investment. Make sure you include yourself in order to establish personal financial independence and stability. 2. Keep one-third with the company for future investment. Make sure you properly capitalize the business areas that need attention and will produce results. 3. Put the last third into an employee profit sharing pool. Your people are your greatest […]

Read More....

Pain Relief in Business: Return on Investment vs Return on No Investment

Return on Investment vs Return on No Investment

There’s lots of talk about Return on Investment but what about your Return on No Investment? Not sure what I mean. Let me explain. In November 2018, I heard that Tony Robbins, the inspirational coach was coming to Newark, NJ for one of his “Unleash the Power Within” weekend seminars. It sounded intriguing so I signed up. The theme of the weekend reflected one of Tony’s famous quotes: “Change happens when the pain of staying the same is greater than the pain of change.” While at the seminar, I started thinking about my approach with clients. I often used Tony’s quote with those who were struggling with financial, strategic or organizational issues. I clearly saw that they were held back by their limiting beliefs and referencing his quote was the […]

Read More....

Staying Focused for Success in Business

Staying Focused for Success in Business

I’m often asked about the secret to success in business. I’m tempted to run off a list of points like understanding your financials, finding a mentor, taking calculated risks, filling a need in the marketplace, etc. While those elements have undoubtedly helped in my 30 years of entrepreneurship, the secret to me is a simple concept – Staying Focused. Staying focused is a simple concept, but adhering to it is another story. As a Visionary and Entrepreneur, I naturally generate new ideas each day. These ideas are not burdensome to me, in fact, I thrive on them. I truly believe that each one has merit and would love to see my concepts come to light. More idea generation means more forward movement and growth. Makes sense, right? This is where […]

Read More....

Getting Stuck on the Flagpole

we’ve always done it this way

Addressing the “But we’ve always done it this way” mentality can be difficult, especially when employees are well trained to follow a specific business process.   One of my favorite movies to watch during the holiday season is “A Christmas Story” about a young boy’s experience growing up in the 1940’s. The most memorable moment of the film for me is when, during recess in the schoolyard, Ralphie & his friends “triple-dog-dare” classmate Flick to stick his tongue on a frozen flagpole. Guess what happens next? Just as Flick realizes that he’s stuck, the recess bell rings. Frantically, Flick calls for help as he sees his cohorts fleeing the yard. Ralphie turns to Flick, shrugs his shoulders, responds in a serious tone, “But the bell rang!” and then trudges back […]

Read More....

Utilizing the Power of Choice in Business

Utilizing the Power of Choice in Business

Let’s examine the power of choice as it relates to our business and personal lives. One of the greatest benefits of my business is that I get to work with talented people who are part of Trilogy’s Alliance Partner team. Our seasoned Alliance Partners deliver high-touch, quality, personal service to support our clients’ needs. I’m excited to share my thoughts on The Power of Choice written by Denise Yosafat, a member of our team. Making choices in one’s life can be daunting. I’ve seen people, including myself, stall at moving forward out of fear of possible repercussions. In business, especially, making the wrong choice can be devastating. So how do you get over the fear while ensuring that your choice is sound? In her book, Denise surmises that making a […]

Read More....

Sustaining Accountability within Your Organization

Sustaining Accountability within Your Organization

Let’s look at some tactics for sustaining accountability within your organization. I’ve written before about the importance of Accountability. Everyone seems to know what it means in theory but putting it into practice is another story. Below are four key tips to sustaining accountability that organizational leadership must follow: Trust and trustworthiness – Trust is a two-way street: Being worthy of someone’s trust and taking steps to trust someone. One does not truly exist without the other. And, they form the foundation upon which accountability can be built. It takes time to build trust but without it, an organization cannot evolve. Open and honest dialog – Having a dialog that gets to the point, stated in a respectful manner and staying focused on the issue and not the person are […]

Read More....

Rainmakers Roundup

Hal Levenson, Chief Visionary Officer, shares “why and how’ he started Trilogy Partners, the value we bring to our clients and what makes Trilogy DIFFERENT from other business advisory firms. Watch as Hal Levenson, Chief Visionary Officer, shares the story of why he started Trilogy Partners and talks about our services and what makes Trilogy different than other advisory firms.

Read More....