Posts Tagged ‘small business’

Stay the Course

Throughout life we hear people say for us to stay the course. For small business that is extremely important. So, continuing the thoughts of an earlier post Don’t Let Failure Stop You let’s look at being persevering.

An Example

The phrase stay the course is commonly used in war time meaning to finish what was started in spite of any hindrances and difficulties. It is really a mindset that Read the rest of this entry »

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Advantages of Independent Contractors

Perhaps your company already uses some independent contractors. If not, it is something to consider. In my last article Full Time or Part Time? I discussed the benefits you may experience by using part-time employees or contractors. Here I want to focus specifically on the advantages of independent contractors.

They’re Not Your Rank and File

At first it may seem to be a disadvantage to have people working for you that are not your own employees. That occurs because you may have a sense of loss of control. There is a grain of truth to that, but think a little further. Read the rest of this entry »

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Unethical Financial Practices

Are you a business owner, manager, any employee whose business financial practices are unethical? You may hate that question or find it insulting, but here are some things to think about. In the posting Is That Really the Truth? I touched on why truth matters so much. Now let’s look a little more at that.

Some Financial Background

I was prompted to write this article by my conversations with other people who were dealing with clients wanting to use questionable practices. The details are not what matters here. What does matter is Read the rest of this entry »

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Your Company is Not the Competition

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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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3 Ways to Cut Costs

A recent article about cost cutting and some of the reasons the process failed struck me as useless as far as providing real guidance on cutting costs. The focus seemed somewhat generic with such observations as:

  • It’s getting harder to cut costs (No kidding? Companies have already done significant trimming in response to the economy. But, how does knowing it is harder to cut costs help?)
  • It is difficulty to maintain cost cuts. (Again, no kidding? Although a few suggestions were offered, there was really nothing new that didn’t itself present something else to be maintained)

So, let’s take another look.

Is That Really Needed?

The one helpful thing this article did offer was the old idea of 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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3 Reasons to Know Basic Accounting

You don’t have to like accounting, but you should know basic accounting to operate a profitable business. Before you fight this too hard, consider three reasons.

Where Have I Been?

Let me ask you a few questions. Have you ever driven somewhere and when you got there suddenly realized you have little recollection of the trip? It happens to all of us at some point as we get lost in thought. Another variation that happens is for a driver to suddenly realize they have been driving on auto-pilot, look around and realize they are not sure where they are. Scary, isn’t it? No wonder we have so many wrecks. But in the business world something similar happens.

In a sense accounting serves as both a Read the rest of this entry »

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Important Considerations for QuickBooks Implementation

There are some standard considerations when implementing QuickBooks. This list is not intended to be all inclusive. Primarily it is to encourage management to understand the complexity of QuickBooks implementation or the setup of any other accounting software. Remember the old Information Technology adage, “Garbage in, Garbage out.” When it comes to implementing accounting software this Read the rest of this entry »

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3 Business Startup Essentials

If you’ve ever started a business or been involved in a business startup, you know the excitement it can produce. That excitement is a good thing as it helps energize those involved and promotes enthusiasm that is critical to the early life of a business. On the other hand, that same excitement can cloud peoples’ thinking and cause critical mistakes. In order to remove that risk and still keep the positives, there are some steps or business startup essentials that will help immensely.

Recognize a Reality

As much as we may like to think we do, we really have quite limited ability to visualize how our Read the rest of this entry »

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