Posts Tagged ‘knowledge’

Turning Business Challenges into Strengths

One of my favorite quotes is, “If you’re going through hell, keep going.” – Winston Churchill. In other words, why would you want to stay where you are? After all, once you’ve survived the struggle, you often find yourself better off than before. “People grow through experience if they meet life honestly and courageously. This is how character is built.” – Eleanor Roosevelt

Business challenges do not have to be viewed as something bad. Of course, that does not mean you have to like them either. But they can be a good thing.

Learn from Your Mistakes

Undoubtedly many challenges are the result of Read the rest of this entry »

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Misconceptions about Small Business

There are a lot of misconceptions about small business. Here are a few of the key ones.

It’s Not as Hard as Big Business

You may have had the experience of asking someone what they do for a living and gotten the response, “I have my own company.” Perhaps your reaction, often unspoken, is, “Wow, it must be nice to not have to wonder where your next paycheck is coming from.” That’s a common Read the rest of this entry »

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Is This Good for Customers?

How often do you find yourself asking about a company, “Why in the world did they do this?” Here is an example of what I mean. I recently was dealing with an auto problem related to the electrical system. Because of the unusual engineering of the car, a special and fairly expensive test Read the rest of this entry »

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Does a Part-time CFO Makes Sense?

First let me make a disclaimer, I am a Part-time CFO so I have a business interest in this idea. Regardless, that really has nothing to do with whether it might be right for your business.

Some Initial Acknowledgements

As a Part-time CFO I’ll be the first to acknowledge that employees are necessary for most businesses. In fact, in my role as a Part-time CFO or Controller I rely heavily on a company’s employees, while at the same time helping them to become more effective and efficient. With that said, let’s take a look at why you may be better off with a Part-time CFO.

Mindset

You may be thinking I’m referring to the mindset of the Read the rest of this entry »

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Agile Employees | Agile Company

The business environment is changing at an unprecedented rate, and a rate that is accelerating. There are underlying reasons and also ways to address this. It really is a case where a business either changes or gets left behind, eventually dwindling to irrelevance. By irrelevance I don’t mean a small business. A small business can be a significant player in a specific market, especially Read the rest of this entry »

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Outsource and Save

There is a tendency for business owners to try and do it all. Often that is not the best use of resources. In a previous posting Spend Wisely – Go Part-Time I talked a little about the financial advantage of outsourcing. In particular I compared my experience as both an employee and a part-time CFO/Controller. In this article I looked mainly at two things; cost savings and best use of talent. Now let’s consider other benefits to using outside resources.

First Things First

Just to summarize, the first point previously discussed had to do with having a highly skilled employee spend most of their time on tasks that really did not require their level of expertise. In the second point an example Read the rest of this entry »

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The Messenger Matters

A Modern Day Response

You have undoubtedly heard the expression, “Don’t shoot the messenger.” This is a play on words of the practice in the middle ages of a king or queen having a messenger killed if they did not like the message. Thankfully we no longer kill the messenger, but we have our own version of it.

A Personal Experience

I remember a time quite a while ago when I could not get the needed information from Read the rest of this entry »

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Government is Not Going Away

Do ever wish you could just run your business without having to comply with a bunch of government regulations? Actually we all at some point wish that was the case.

Some Examples

Every business must deal with tax issues, whether a sole proprietorship, a partnership, an LLC, an S-Corp., or a C Corp. That is just a fact of life. Usually when we think of tax issues the first thing that comes to mind is income taxes. But it doesn’t stop there! There are business licenses, real and personal property tax, sales taxes, and several others. The point is, even if all federal and state income taxes disappeared tomorrow, government is not going away.

Taxes, however, are just the tip of the iceberg. There are all sorts of Read the rest of this entry »

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Get Unstuck

It happens to all of us at some point. We seem to be frozen, unable to move forward. Here are some thoughts on overcoming that.

Mindset

In her terrific book, Mindset, Carol S. Dweck, Ph.D presents a detailed discussion of the impact of mindsets. One of the things I look for when deciding Read the rest of this entry »

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Knowledge or Wisdom?

Is There Value in Knowledge?

Obviously this question is a little bit tongue in cheek. Of course knowledge has value, if for no other reason than it broadens our thinking. But, that is of somewhat limited value. Let me explain. You should be encouraged to Read the rest of this entry »

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