Divorce is big business – maybe even bigger than the wedding business in America. That’s because contested divorces involve more than just lawyers. There are also accountants, parenting consultants and other niche specialists to be paid, plus the money spent…
Payroll cards are an alternative to paying employees by cash, check or direct deposit, but a new state law will make them more costly for companies. Paycards have gained traction nationally and about 14,000 workers in Hawaii are already paid…
I recently read “Flash Boys,” Michael Lewis’ account of how Wall Street has stolen from you, me and our 401ks. I was astonished by the sophisticated corruption, and about how many people and companies thought it was OK to cheat…
Question: I’m in the early stages of growing my small business. What are my best loan options if I have limited qualifications for financing? Answer: Securing capital through a loan can be challenging when you are just starting or…
Question: What are the best retirement plans for the self-employed? Answer: If you are self-employed or have a side business in addition to another job, the best retirement-savings options are solo 401(k) plans (either Roth or regular) or a…
Shonka, who oversees 300 employees, says First Insurance will continue to pursue core values exemplified in the acronym RICE: Respect for others; Integrity in all we do; Creating the future for ourselves and the community; and Excellent customer service. You…
Question: I heard the National Flood Insurance Program is moving away from “subsidized” rates. What does this mean? Answer: Due to the catastrophic nature of flooding, most private insurers exclude flood damage from their property insurance. To fill this need,…
You may have seen Kathy Sills selling her Aloha Pops frozen treats in front of the King Kamehameha statue or at Honolulu events such as Eat the Street. Her distinctive tricycle is tricked with a cooler packed with dry ice and $3 pops…
You have a business idea and are mapping out your business plan. Heather Moir-Dangler, chartered life underwriter and chartered financial consultant with Moir Financial & Insurance Services, suggests these five steps to ensure that appropriate risk management is included in…
The president of one of the largest charitable foundations in the state talks about how and why corporations give the way they do. Why would a company like Island Insurance create a foundation rather than just give directly to charity? Before, a…
Question: Delinquent accounts are hurting my business. What can I do to get this problem under control? Answer: Delinquent accounts are an unfortunate part of any business that extends credit. Effective collection efforts can help reduce your losses, but the…
Profitability is the bottom line, but it’s not the end of the story. Consider banks: In 2010 and 2011, Hawaii’s two largest financial institutions, First Hawaiian Bank and Bank of Hawaii, were also the state’s most profitable companies. Last year, they ranked first…
Name: BRADLEY COATES Job: DIVORCE AND FAMILY LAW ATTORNEY Years of experience: 36 START: When Bradley Coates attended the University of Southern California in the 1970s, his plan was to get his Ph.D. and become a history professor – until he saw…
When Iniki hit, many property owners were uninsured, under-insured or covered by a company that couldn’t handle all its claims When a massive storm like Hurricane Sandy strikes, the effects on the insurance industry are felt around the world, including…
Robert Howe has been playing the markets since he was in high school. In 1973, he inherited $5,000 from his aunt and his father suggested he buy stock with the windfall. Howe chose a young consumer-products company called Radio Shack.…
Q: What’s the best way to pay for my business expenses? A: Small businesses face many everyday expenses, from inventory to office supplies. It’s important to understand not only the pros and cons of the different types of payment methods, but that…
PHOTOS BY DAVID CROXFORD You know the truism: It takes money to make money. That much is obvious, but how much money does it take to make money? In this case: How much does it cost to launch a successful…
Ever wondered why your IRA only invests in publicly traded securities, such as stocks, bonds and mutual funds? What about other investments: precious metals, derivatives, mortgages, business loans and real estate? Dan Falardeau, president of New Directions IRA, says the…
Q: How should I prepare my small business for hurricane season? A: First, consult with your insurance agent to make sure you have the appropriate coverages and limits before the need arises. Ask the agent: Do I have hurricane coverage for my…
The world can be divided into two kinds of people: those who like to shop and those who have to be forced into it by a personal crisis, like hungry children, a broken stove or shoes with soles worn through.…
Afraid to make money? Are you recklessly sabotaging your financial security? Can’t bear to spend a penny, even though you have plenty of wealth? If any of this sounds familiar, Brad Klontz can help. Just as people develop personality traits from their life…
Caitlyn Laborte is a sophomore at Pearl City High School, but she’s already been to Wall Street and had a glimpse of a possible future for herself in finance. Laborte and 50 other students from Hawaii talked finance with the…
Q. How much business income insurance coverage do I need? A. We’ve all heard stories about businesses that suffer a fire loss, take three months to rebuild and struggle to survive because of income lost during those months. That is…
For 28 years, Hawaii Business has been publishing a list of Hawaii’s Top 250 organizations based on gross revenues, because we think that’s the most effective way to measure a company’s size. However, there have always been critics in the…