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Watch your burn rate 27 Aug 2013 | 05:00 am
Remember the lesson of the dot-coms. Paul Hawken, author of "Growing a Business" suggests that having too much money at first (i.e. thru venture capital or other private investments) can leave you in ...
Direct access for paying your taxes 26 Aug 2013 | 05:00 am
A new website, www.eftps.com, offers small businesses a way to directly pay their quarterly or monthly federal taxes. You can even have the amounts automatically deducted from a bank account! For mor...
Save money, hire your son or daughter 25 Aug 2013 | 05:00 am
The good news is that when you hire your children, the money you pay to them is taxed at their bracket, not yours. Everyone knows that your last dollars of income are taxed most heavily. By turning th...
Pay regularly 24 Aug 2013 | 05:00 am
There was a time, not long ago, when I feared April 15. I had always managed not to pay enough throughout the year, that I had a fairly big payment due. (I have a lot of kids, and hence a lot of deduc...
You get more with a carrot 22 Aug 2013 | 05:00 am
When a customer owes you money, how do you treat him (or her)? Remember that you'll get a donkey to move faster with a carrot than a stick. I've had customers who have been EXTREMELY slow to pay, but ...
Starting on the side 20 Aug 2013 | 05:00 am
Do you hate your job? My brother-in-law hates his job, and he's asking me for advice on how to start his own business. The difficulty is that, my sister, his stay-at-home wife, is afraid he may jump t...
Write it Down! 19 Aug 2013 | 05:00 am
The ability to generate new ideas can your biggest source of future wealth. I try to keep a pen and paper handy at all times, (or even a microcassette recorder), because the worst thing in the world i...
Differentiation 18 Aug 2013 | 05:00 am
What's your "corporate identity"? How are you different than anyone else? How can you be better than everyone else? If you can answer those questions, you will be on the road to finding your best mess...
Find a need and fill it 17 Aug 2013 | 05:00 am
No potential customer is going to care about your business idea, or your business, unless you fill some need of theirs. Therefore, the companies that fill some important need for their customers are g...
Just a stepping stone? 16 Aug 2013 | 05:00 am
Because a job search for executives can last for months, or even for a year or more, especially in unsettled times, job search experts recommend working as a "part-time" consultant for a time. It can ...
