Bill Scuorzo

Voluntary Benefits – Supplementing Basic Employer Offerings

Bill Scuorzo is a New Jersey executive who guides benefits consulting group BCG Advisors as president and CEO. One of the areas in which Bill Scuorzo provides employers with advice is arranging voluntary benefits that expand employee coverage at minimal cost.

Additional to basic retirement and health insurance, voluntary benefits are also known as supplemental insurance and employee-paid benefits. They span categories such as health, dental, vision, and security. In the health sphere, such benefits include insurance for critical illnesses and accidents, as well as access to telehealth services. They also extend to areas of wellness, such as gym membership, and may include life insurance and identity theft protection.

Setting up voluntary benefits often involves contacting a provider that is already providing basic group health coverage or business insurance services and inquiring whether they have additional benefits that can be purchased as add-on services. It may also simply involve contacting a local business, such as a dentistry or a gym, that might be interested in offering a substantial discount in return for the referral of employees to their location. Helping increase worker retention, such benefits are often combined into attractive packages, with the key factor being that employees can access services at a lower, group rate.

Two Popular Startups That Failed

Bill Scuorzo is the president and CEO of BCG Advisors, an insurance brokerage in Secaucus, New Jersey. Holding a BA in marketing from the University of Scranton, Bill Scuorzo is also the president and CEO of AndAme Investments, a firm that invests icapital and expertise in struggling small businesses and startups to improve efficiencies, reduce expenses, and increase profitability.

According to Failory, a popular website that publishes content on startup founders, only around 10 percent of startups succeed. From their research, the top reasons why the majority of startups fail are poor marketing, slow product adoption, not hiring the right talent, lack of adequate funding, scaling too fast, and tech and legal challenges. Examples of popular startups that failed include Quibi and Jawbone.

Quibi was a streaming service that offered its customers less than 10-minute movies they could watch on their smartphones. The startup launched in April 2020. It raised $1.75 billion and the people at the helm were experienced executives What led to the shutdown of Quibi 6 months after it launched was slow product adoption because not many people wanted what the company was offering.

Jawbone has been dubbed as one of the biggest failed startups ever. The company raised over $900 million during its lifetime and achieved success selling Bluetooth speakers and headsets but couldn’t replicate this success selling fitness trackers. Jawbone wound up selling its stock to a reseller in 2017 due to money issues and the fact that their fitness tracker couldn’t match that of market leader Fitbit.

Other notable startups that failed include Theranos (due to fraud) and MoviePass (because of deceiving customers about their product and financial challenges).

Reasons Why Small Businesses Hire a Dedicated HR Specialist

With a bachelor’s degree in marketing from the University of Scranton, Bill Scuorzo serves as president and CEO of AndAme Investments, a company that helps struggling small businesses and start-ups grow revenue. A resident of Little Silver, New Jersey, Bill Scuorzo is also the president and CEO of BCG Advisors, an insurance brokerage and human resources consulting firm.

Small businesses cannot hire an in-house human resource person. However, a company may find itself in a situation where they need to hire the services of a dedicated human resources (HR) specialist. This is the case when a business grows and starts hiring more people. Managing HR administrative tasks takes up a lot of time that distracts a business owner from achieving important business goals.

Workplace compliance laws keep changing, and it is not easy for a business owner to keep up. Hiring services of HR will help solve this as they are better placed to understand the regulatory landscape. A business that wants to maintain employee engagement will need an HR person to help manage employee wellness programs that keep employees motivated and productive.

Investing in Startup Companies and Stages

A graduate of the University of Scranton, Bill Scuorzo is the CEO of BCG Advisors. Bill Scuorzo holds a bachelor’s degree in marketing and serves as president and CEO of AndAme Investments in New Jersey.

AndAme Investments is a company that aims to invest in small and startup companies to help them grow and increase their revenues. Although investing in emerging companies and technologies can prove to be a difficult and risky task, it can also provide high rates of return for investors, much more than traditional stocks or index funds. The possibility of losing the investment in a startup company is always there as approximately 90 percent of startups never make it to the initial public offering, and investors can lose all their money.

There are several stages of a startup company, and each presents investors with many opportunities. The first stage of a startup only involves an idea and not necessarily a finished product. A startup does not have a customer base and is funded through founders’ savings in the first stage.

In the second stage of the startup, the company receives and collects initial revenue and transforms the prototype and idea of the company into a product. The third and last stage of a startup company is developing a solid business plan. It is when venture capital investments step in and can offer consistent income to investors that invest in a company.

As Insurance Coverage Costs Increase, Risk Management Is Essential

Bill Scuorzo is a Little Silver, New Jersey, professional who delivers brokerage solutions in the employee benefits and commercial insurance sphere. The president and CEO of BCG Advisors, Bill Scuorzo maintains a close watch on the trends affecting his industry.

As reported in the Insurance Journal, costs are on an upward trend, with MarketScout’s Market Barometer indicating an average 5.9 percent increase in property/casualty rates for the second quarter of 2021. While this represents a more gradual pace than the first quarter of the year, it doesn’t reflect the fact that some industries, such as habitational (8.6 percent) and transportation (11 percent), are still seeing rapid rises. Coupled with this is a more rigorous underwriting process that includes stricter coverage terms and an uptick in exclusions.

Key emerging factors driving these insurance market increases are natural disasters, the pandemic, cyberattacks, and nuclear verdicts. In addition, there is elevated awareness of the risks and liabilities surrounding harassment and discrimination. What this means for those considering insurance options is that it is important to focus on best risk management practices and a stellar claims history.

Benefits of Equity Crowdfunding

As CEO and president of BCG Advisors, Bill Scuorzo has provided commercial insurance and employee solutions to companies since 1999. Bill Scuorzo also leads AndAme Investments, a company that focuses on investing in small businesses and start-ups.

Equity crowdfunding has become one of the most popular pathways to generate capital for startups. Crowdfunding enables investors and principals to create contracts that provide funding for the venture while allowing them to have a stake in the company. For business owners, it allows them to avoid financing, or traditional debt.

Investors are either accredited investors (have income and asset requirements) or everyday consumers who access the means for investing through a number of pathways (online platforms, friends, and family, etc.). Moreover, crowdfunding works for small businesses that have great potential for growth or for businesses who want to expand or offer consumers more products.

The benefits of crowdfunding are numerous. For one, investors do not have to undergo a credit check, and in many cases, there is no income requirement. Furthermore, because funding is from multiple investors, the likelihood of raising a lot of capital is greater.

This method consolidates funds into a single investment, streamlining financial reporting and accounting. Another benefit is that it reduces budgeting for loan payments, and it can create buzz for the venture.

Tips for Start-Ups During an Economic Downturn

Insurance professional Bill Scuorzo founded BCG Advisors in December of 1999, and serves as its president and CEO, providing various insurance solutions to small and medium-sized businesses. In addition to his work in the insurance industry, Bill Scuorzo is also the founder of AndAme Investments, a company dedicated to investing in start-ups and small businesses that are struggling.

In times of economic struggle, it can be challenging to manage a start-up business. However, taking action can help a new business survive even during an economic crisis. One first step is to assess the current situation and make necessary adjustments to any business assumptions made previously. Predictions made about markets, revenue and cost forecasts, and customers may not hold if the economy experiences a downturn.

In this situation, it is more beneficial to create a short-term plan rather than focusing on long-term goals. A short-term plan will allow you to make weekly adjustments as the situation is reassessed, allow for flexibility, and focus on survival.

Start-ups may also benefit from looking for new opportunities for the business to expand. Though a time of economic difficulty might result in a loss of opportunity in some areas, start-ups can benefit from developing new revenue streams and new directions for the business.

Although cutting costs is essential during an economic downturn, businesses should not make cuts in customer service. It may be tempting to cut some customer service benefits to save on costs, however, improving customer service offerings can help retain current customers and gain new ones, potentially increasing revenue.

AndAme Investments – A Boutique Firm for the Small Business Investor

Over 20 years ago, Bill Scuorzo established BCG Advisors, a brokerage firm that offers employee benefits and commercial insurance services and products. A businessman with extensive experience in this area, Bill Scuorzo also serves as president and CEO of AndAme Investments.

AndAme Investments specializes in assisting others with investing in small businesses. When investing in a small venture, there are a number of considerations a person must make, in addition to understanding the struggles business owners face when trying to grow. In fact, unless a person has run a small business, some suggest investors seek the counsel of an advisor because this type of investing can be tricky.

This is where AndAme advisors can assist investors in finding opportunities to invest in. The company focuses on investing in small companies using a few approaches. The first approach is through an equity investment, which allows investors to buy an ownership stake in a business in exchange for a percentage of the profit or losses.

The second approach is through debt investment, where the investor lends money to the business in exchange for interest income or loan repayment. The advantage here is that, if the business closes, the debt (loan) has priority over equity investors.

Surfing and Its Physical Benefits

The founder of BCG Advisors, Bill Scuorzo has worked in insurance and human resources for over two decades. Living with his family in Little Silver, New Jersey, Bill Scuorzo enjoys surfing and golfing in his free time.

Surfing is a popular activity worldwide that can singlehandedly provide a range of mental and physical benefits. When it comes to the physique, surfing is considered an excellent workout for the whole body, using several muscles, such as the ones in the legs and arms, chest, and back – trapezius, biceps, and obliques are some of them.

Besides burning up calories and providing good cardiovascular exercise, surfing can also boost the immune system. It has been proven that cold therapy, or immersing the body in cold water, can help the body activate its natural healing powers, relieving symptoms of some medical conditions, especially physical injuries.

Simultaneously, the habit of surfing is practiced under the sun, which means it allows the body to produce vitamin D with more consistency. Vitamin D regulates calcium in the blood, strengthening bones and articulations.

Factors to Consider When Designing Employee Benefit Plans

With an educational background in marketing, Bill Scuorzo heads AndAme Investments, an investment and holding company that provides funding for startups and budding small businesses. Bill Scuorzo is also the president and CEO of BCG Advisors, an investment company that helps individuals and small businesses reduce risks and increase revenue through its wide range of investment solutions, from individual and commercial insurance products to risk management solutions and employee benefit plans.

Employee benefits plan comprises various forms of non-financial compensation that employers provide to employees besides their basic salaries. As employers become increasingly aware of the relevance of employee benefits in boosting employees’ commitments and loyalty, they have to consider certain criteria that will enable them to meet employee demands for supplemental financial options and scale up revenue at the same time.

One major highlight of an ideal employee benefits package is that it must align with the overall business objectives. Employee benefits packages comprise different business expenses, so a benefits program can deviate from the core business goal of maximizing revenue. Employers should focus on core benefits such as life insurance, health insurance, and retirement plans and amplify low-cost benefits package that incentivizes performance to limit the resources spent on employee benefits programs.

Since employee benefits are aimed at recruiting and retaining high-performance staff, it is, therefore, necessary for business owners to analyze competitiveness. Recruiters should endeavor to review their peers’ employee benefits packages to gain data insights, which will help them create improved benefits packages to gain a competitive advantage in recruiting situations.