Tag: Small Business

Ten Fatal Mistakes Business Owners Make – No. 7: Failure to Create and Update an Estate Plan

You know the old saying is true:  Nothing is certain but death and taxes. While you may know when the tax man will come, no one knows when their time on earth is done.  That’s why you need an estate plan, particularly if you own a business. A few years ago, a young widow came to …

How to Work a Room

You know that networking is critical to growing your business.  If you are like most people, however, your networking efforts are largely ineffective.  Three key concepts can help you make networking events more productive: 1.    Get out of your comfort zone – Let’s be honest:  networking does not come easy for most people.  To one degree or another, we …

How Do You Eat An Elephant?

If you own a business, you are pulled in many directions every day: you must meet with customers, train employees, oversee quality control, pay vendors, promote your business, solve problems, and answer questions. And you might want to spend time with your family, too. The daily urgencies can be overwhelming. Not only can they be …

How to Succeed in Business

In times of economic distress, many people sit on the sidelines, worried about their future. You may be one of them. You may have heard the tales of woe emanating from the mainstream media and reasoned that failure is imminent. You may believe that lay-offs and foreclosures are legitimate excuses for pulling back on your …

Ten Fatal Mistakes Business Owners Make: Nos. 1 & 2 – Corporate Formalities

In a recent post, I outlined the Ten Fatal Mistakes that Business Owners Make. The first two mistakes are related, dealing with corporate formalities. Avoiding these two mistakes is fundamental to the success of your business. Mistake No. 1 – Failure to Set Up a Proper Business Entity Starting your business is an exciting event …

Get Out of the Fetal Position and Prosper

We live in a time of great economic challenge and upheaval. The mainstream media tell of business failures, layoffs, and uncertainty, stimulus packages and massive debt. If you heed their mournful cry, you’ll huddle in the corner in a fetal position and wait for someone to save your economic bacon. But we cannot wait for …

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