Small Business Tip: How to Improve Cash Flow After a Bad Quarter

Your business just had a bad quarter and you need to figure out how to improve cash flow. Hopefully it’s the first time that’s happened in a while. Either way, you still need to hit your year-end sales goals, and you need a plan to make that happen. I often find that...

Small Business Tips From 5 Successful Startups

I love listening to the war stories from other entrepreneurs... It’s a nice way for me to be reminded of all the tough lessons I’ve had to learn... I recently spent a little time listening to five founders tell some of their stories. And it didn’t take long for me be...

What 7 Year Olds Know About Setting Employee Performance Goals

And How NASA used it to put a man on the moon. You’ve finally found it... How do you set employee performance goals that your team will attack automatically? How do you build behavior like that into your company culture? When you’re setting employee goals and trying...

5 Ways Samuel L. Jackson Taught Us How to Negotiate Better

None of them involves a gun either. Learning how to negotiate is equal parts science and art. The good news is that it can be learned. And my guess is that if your teacher was Samuel L. Jackson you’d remember every @#$%*&^! lesson. I’ve put together five lessons...

Discussing 23 Inexpensive Ideas to Grow Your Business

Scale is the Holy Grail. Scaling a business can be exhausting. You're busy trying to drive day to day sales and make your mark as an industry expert. It's always important to keep in mind what the end goal is. Benjamin Franklin said, “Without continual growth and...

Hiring Right Isn’t About Luck

Hiring the wrong person sucks... It sucks for you, and... It sucks for them. Stacks of books have been written about hiring the right person. If you hire enough people in your career, eventually you’ll experience some frustration with a hire that doesn’t work out. You...

Small Business Math on the New Exemption from Overtime Rules

The new regulations on exemptions from overtime are out and they're going to have a big impact on some small businesses and no impact on others... I’m not writing this post to argue whether or not the rule change is good or bad... The new rules on exemptions from...

How to Decide What a Small Business Owner Should be Paid

How much should I pay myself? Many small business owners often struggle with how much to pay themselves. There’s the need to keep enough cash in the business... How much is enough?.. And there’s the fact that you should be compensated for the long hours and taking the...

Business not running smooth yet? Become your own best competitor.

How your business got here. If there’s ever been a business that’s grown perfectly smooth without any growing pains, I haven’t seen it… Think back to the day you started your business. You were simultaneously anxious, proud, concerned and hopeful… When you started you...

12 Ways to Screw up Your Employee Bonus Plan

and How Not To.. When you first start offering an employee bonus plan in your business, it can be a challenge to create a good system for you and your employees… If you do it poorly it can be expensive and your business results won’t improve… And like everything else...

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