If you stop and think about it insurance is really very similar to an investment. Although it is not necessarily designed to earn money over time, it does provide protection from financial hardship in the event of a medical emergency or the loss of the ability to work...
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The Importance of Operations Manuals
The largest and most successful businesses understand the importance of written procedures. They have operations manuals that clearly outline all of the steps required for each job. These companies know that their continued success depends on doing...
Don’t Forget Branding
Branding was once something marketers couldn’t stop talking about. But once online marketing arrived, branding took a backseat, and has even been devalued. But branding still has a place in marketing! Recently, I was in a meeting going over a campaign for the...
Take Care of the Pennies
We have all heard the old saying “Take care of the pennies and the dollars will look after themselves,” and, indeed, some of the richest people in the world are those who are well known for being careful with even the smallest amounts of cash. In our normal daily...
Overworked? Take a positive approach with your boss
Ever feel like you can’t get ahead of all the work that’s being thrown at you? Sometimes you have to grit your teeth and do your best, but if you’re in danger of making mistakes because you can’t keep up, or burning out from overwork, you owe it to your organization...
Independent Professionals and Artists – Finding a Work Life Balance
If you are an independent professional or an artist, you already know that life is much different for you than it is for the nine-to-fiver. There’s always an uncertainty in your life and you don’t always know when you will have free time or when you will be way too...
Spark Innovation With Special Project Teams
The purpose of a special project action team is simply to improve the business. It is hard to improve your business amidst the chaos of day-to-day operations. Apple is a great example of the success of action-oriented teams that strive to improve business and...
Using QuickBooks to Track Business Auto Use
IRS regulations require that every business owner track the business use of their auto. But this can be such a hassle that I can count the number of business owners who do so on one hand. Of course, if you are audited, not having a log can cost you in...
Do You Want Free Money?
It probably did not take you more than a second to answer that question—YES! We all want free money, don’t we? But how can we get free money? Well, if you are looking for free money to use for college and university tuition and fees, you are more likely to find it...
Lifetime Value of a Customer
The lifetime value of a customer is one of the most important numbers every business owner must know and understand. You calculate it by taking the average price that your customers pay for your main products or services and multiplying that average by the...