A recent Gallup poll* found that 7 out of 10 U.S. workers are satisfied with their jobs. Even more interesting: business owners topped the list of those who are most satisfied. Eighty-seven percent (87%) of business owners say that their job is the;ideal jo- for them. I think that speaks volumes about entrepreneurship and running your own business. And it also brings up the topic of toda-s post, which is about tools to help you stay motivated as a business owner. Anyone who has been in business for any period of time knows that running...
Officially, spring begins on March 20th. Soon, the smell of freshly cut grass will be wafting through the mostly fresh air. A sense of renewal will fill the landscape. Things will start turning green. Green can be a relaxing color. Tha;s why many hospitals use it in their décor. Some television stations have wha-s called-the green room' which is used for its studio guests, to help them relax. Green (dark green) implies wealth. Our paper money is green. Entire businesses are focused on green technology, and sustainability. Her's what Caron...
In my first blog post within the Business.gov Community, called;Your First Five Steps in Government Contracting Register your business with the CCR Get a GSA Schedule contract Do your homework Secure references Make a commitment Once yo-ve done these, yo're ready to move to the next step: finding and pursuing government business. Know What to Expect With your proverbial ducks in a row, yo're probably ready to dive in! Just make sure you know what yo're diving into. Many, many companies dive in without knowing their market...
During tough economic times, many businesses experience difficulty in collecting outstanding invoices from customers on time. Aging account receivables cause critical cash flow issues and can easily put your business at risk. To protect your business you need to establish good credit practices. After all, the survival of your business depends on getting paid. Before you agree to extend credit to a customer, establish the credit terms. Determine when the payment will be due and what, if any, late fees or penalties will be assessed. You...
Business Planning and Black Swans Have you read Nassim Nicholas Taleb's The Black Swan*? It's a great book. It should be required reading, especially for business planning and management. The black swan is the big event we didn't predict, that we couldn't have predicted, but that we convince ourselves, after the fact, that if we'd only read the signs right, we would have known. The black swan is 9/11. It's that big crash in 2008 and 2009. It's that huge wave of reality that surprises everybody and changes...
I was reading this story a month or two back about this onerous-sounding census. Apparently, there was this couple that had to travel around 100km (c. 60 miles) just to get counted. Worse, she was at least eight months pregnant and they were traveling on foot or on donkey. Oh, yeah, it was in the Biblical book of Luke*, and it begins: In those days Caesar Augustus issued a decree that a census should be taken of the entire Roman world. (This was the first census that took place while Quirinius was governor of Syria.) And everyone went to his...
Author Laura Fitton describes an experience typical to many new users of social media: 'To be candid, Twitter sounds idiotic at first,' she says in this interview. 'It's true. But it's also true it's changed my life and career a bazillion ways. I've gone from homebound mom of two babies under 2 to solidly booked, traveling around the world and extraordinarily well-networked.' As well as the author of -- you knew this was inevitable --- the brand new Twitter for Dummies. I want to know: What is the experience like for those who have decided...
Searching for advice from experts across the Web would seem to be a starting point, except that can often mean running into not only plenty of hype but plenty of contradictions as well. Such as: It's all about transparency and openness! The old barriers between professional and private really matter less than ever! Just remember: Never tweet your politics. Or too many weekend details. Or how much you have on the Steelers to cover on Sunday. Or: It's about developing long-term relationships, not focusing any longer on...
It’s probably a good idea for most business owners to focus on the core of their business, such as selling fishing lures or designing websites, and use experts to help them in financial matters. According to the IRS, more than 80% of small businesses use accountants to prepare their returns, something you may be acutely aware of during tax season. But tax return preparation isn’t the only reason to use an accountant. Here are five areas to discuss with your accountant: Cash flowCash flow, which is the cycle of money in and out...
Economic infrastructure. Do you know what it is? We don't spend very much time talking about it, although there are communities around the web that devote their entire intellectual capital to looking at it and figuring it out — largely because building economic infrastructures needs to be done as a first step toward helping a lot of third world countries to piece together a thriving economy that will end the crushing poverty in so much of the world. But I digress. I'm talking about economic infrastructure because I've been thinking...
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