Perspectives of the Day
They say nothing in life is free - except for the entrepreneur who is willing to think outside the box. In this day and age, there are many money saving alternatives to traditional ways of doing the things we need to do to run your business. One of the ways we can use that skill we all have - to think of things from a different perspective - is to take advantage of free opportunities.
Question of the Day from Seattle, Washington: my business is growing and that is good but how do I manage all the different things I need to do to stay focused. We discuss a series of skills to prioritize work and manage your day more effectively.
Entrepreneurs pride themselves on being able to handle multiple issues at the same time. But is this something we should be proud or something to change. Doesn’t a well-run organization of any kind know what its priorities are and then allocated its scarce resources to those priorities. Put another way - doesn’t every organization - whether it be a one man show or a Fortune 50 company – have more to do than it has time?
Question of the Day from St. Louis, Missouri: I am about to make my first hire - how do i make sure i don't make a mistake. We discuss the skills you develop to improve your chances of making the right hire.
When you first have that “aha” moment when you feel as you have discovered something, it feels like oxygen – like we need it to even breath. We become focused and obsessed. But during that process of seeing ourselves ringing the bell of the New York Stock Exchange, we also lose our objectivity. It is hard for us to be honest with ourselves about whether our idea is viable, or is only viable it we act upon it a certain way.
It's tax time. Each entrepreneur and small business owner strives to get to the point where your company is making money. Phrases like “positive cash flow” or “break even” are music to the entrepreneur. When we get to that point, what goes hand in hand with making money is paying taxes on that income. But as an old Northwestern law school professor used to say, “Taxable income is better than no income.” Every entrepreneur should be so lucky.