Money

What We Have Learned from the Recession: Build Reserves

| November 10, 2015 | 0 Comments

Plan for the Worst; Hope for the Best Now we are coming out of the recession, I think I can say I have become convinced of one thing. Building up a cash reserve for my businesses was the best thing I did for myself. I learned early in my life that few habits would serve [...]

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Expecting Success vs. Working towards Success

Expecting Success vs. Working towards Success

| October 6, 2015 | 0 Comments

Have Realistic Expectations A lot has been said about a new study of happiness being tied to low expectations, but that isn’t the lesson of the study at all. Low expectations are a terrible goal. No one wants to be mediocre or run a lousy business. Instead, author and neuroscientist Robb Rutledge writes, “Happiness depends [...]

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5 Qualities of an Entrepreneur: Skip the MBA, Get a Mentor

| August 25, 2015 | 0 Comments

Perhaps you’ve clicked past job listings that required advanced degrees you don’t have. That career ceiling typically disappears for successful entrepreneurs. In fact, college graduates experienced the largest slump in new business creation for 2011. Unlike a human resources department, most of your customers aren’t worried about what pieces of paper are hanging on the business [...]

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You’re Doing It All Wrong: The Best Way to Find a Job

You’re Doing It All Wrong: The Best Way to Find a Job

| June 30, 2015 | 0 Comments

You will never find a job. That is the honest truth. Jobs are not found, they are earned and created by job applicants. For those of you who have been scrolling through Craigslist and tailoring their LinkedIn accounts, you are wasting your time. If you just “need a job” that is fine, but when will [...]

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How to Escape the Two Traps of Earning Low Wages

How to Escape the Two Traps of Earning Low Wages

| May 12, 2015 | 0 Comments

The US has been going back and forth on the minimum wage. One study cited that $20 per hour is the lowest wage to provide a stable life. No matter what you feel about the minimum wage, you have to ask yourself, “Why would I work for pay that can’t cover the basics?” In the [...]

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Credit, Loans, and Plastic: Avoid the Pitfalls of Funding Your Business

| April 14, 2015 | 0 Comments

Here is the problem. Most everyone who is thinking of starting their first small business does not have an excellent credit score. Your plan to start a business as a young adult, while working part time, or nearing retirement means that you probably have no credit (especially true for younger entrepreneurs) or your cash reserves [...]

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Don’t Let Rent Doom Your Business from the Start

| April 7, 2015 | 0 Comments

Nothing is more important to a new business than controlling operating costs. Last week, I laid out the basics to the typical overhead that your average business requires. As far as this lesson is concerned, it doesn’t matter much whether you are starting up with your own money, credit from a bank, or funds from [...]

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How to Avoid the Worst Mistake Business Owners Make

| March 31, 2015 | 1 Comments

An eager start up company is usually driven by the desire to get the product or service out there into the market place immediately. Whether the product took a long time to develop or the service was ready to go on the first day of business, generating income is goal number 1. Yes, that’s great [...]

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Protecting The Quarterback

| February 3, 2015 | 0 Comments

Watching last night’s Super Bowl, I saw how Seattle’s defense never let Peyton Manning settle in the pocket and plant his feet to throw. Don’t hate me for what I am going to say here: But it turns out that this 5-time MVP is average for a pro QB when he is scrambling under pressure. [...]

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Warren Buffett’s 10 Rules to Success: Part 4

| December 16, 2014 | 0 Comments

We’ve been looking at Warren Buffett’s “10 Ways to Get Rich” as the “10 Rules to Success.” Today’s post is on rule #6 Limit What You Borrow. Limit What You Borrow. Buffet claims to never have borrowed a significant amount of money. His advice is to remain debt-free, and then save and invest money. This [...]

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