closeup from above of two people dining (Photo: Shutterstock)

Do you remember the three-martini lunch?  Probably not.  It was popular in the Mad Men era when people regularly drank alcohol at lunch, but changes to the tax law decreased the deductibility of business entertaining over time. The major benefit of business entertaining is now the strengthening of personal bonds that can lead to more business.

You may have an expense account or entertainment budget at work, but even if you don’t, it makes sense to spend some of your own money on business entertaining.  You are investing in your business in a similar way you would buy a newer laptop computer or better smartphone. Here are 10 reasons why it’s still a good business strategy:

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