December 2009
8 posts
2 tags
This is Our World Now..
http://www.retireat21.com/top-young-entrepreneurs/
Anyone who doesn’t think we’re surrounded by opportunities should take a look at the link above. Looking at what seems like high school yearbook photos of just “normal” looking kids, I can’t help but feel encouraged and even excited.
Some of these guys and girls used creativity and innovation, some used passion and...
1 tag
Cool Apps for the Entrepreneur
Here are some cool apps I’ve used which will help any entrepreneur. Enjoy! This is one of my favorite online apps for small business owners and independent contractors. It allows for invoice creation, tracking and collection. It’s done completely online and its simple to use. Because of its professional look and streamlined operation, this tool will help improve the perception your...
2 tags
2009...Focus on the Good
As the end of 2009 approaches, most are very happy this year is ending. It’s been a rough one, with bad events happening globally. Everyone’s attitudes and habits have changed due to financial hardships caused by an ongoing recession and a constant barrage of bad news from the media.
Almost every business owner I speak to, in every industry, has expressed to me their frustration and...
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Business Review: Philly Kitchen Share
PhillyKitchenShare.com This new business is based on a model that I’ve always been interested in. Their website is horrible, but the idea itself is very interesting. There are numerous chefs, bakers and caterers in the industry that simply cannot afford their own facilities to operate in. Perhaps they only want to work part time or maybe they just can’t raise enough capital to build a...
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Break Even Broken Down
The break even analysis is something most small business owners and entrepreneurs have heard of. It is a formula used to determine the amount of sales a business must generate to pay off their total expenses. A thorough break even analysis should always be done before entering into a venture.
There are two types of expenses:
Fixed Expenses - These are expenses that don’t regularly...
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U.S. in red for 14th straight month
Here’s a good lesson. As a small business owner, if you want to figure out what you should NEVER do, simply look at the U.S. government.
An excerpt from an article on CNN.com today:
The U.S. government rang up a deficit of $120.3 billion in November - the 14th straight month it has spent more than it has taken in. As of Tuesday, the country’s total public debt stood at $12.091...
Bigger is Better
Small banks suck (to put it plainly). I don’t care what you’ve heard or what you think; using a small bank for your business needs is risky and can be detrimental to your success. This is one case where BIGGER is better. I use Bank of America. And I always will. I’ve gone the small bank route and was burnt multiple times. I heard it all before:
“Small banks care more...
This may be a cheesy bumper sticker quote, but in the realms of business, it echos truth.
For example, a good boss or business owner can fire a staff member and actually make the (ex)employee feel good about it. They actually walk out the door with a smile on their face and their head held high. Now that’s a special artform that takes time to learn.