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Entrepreneurial Money Management
entrepenuerial money management
entertain on a budget
summer flex hours
Learn New Skills, Make More Money
Once your business is up and running, it is so tempting to let the employees manage their day-to-day tasks and work with customers while you think of things you'd rather do than run the company. (I call this the Entrepreneur's Curse: once you make money and establish a business, the only thing...
Wed, Jul 14 2010
Managing Cash Flow while Clients Vacation
Your accounting software says you're doing well, but there's no money in the bank. Why? Because your receivables are stalled out due to your clients' vacation schedules. There are few things more maddening than calling for collections and getting a voicemail message saying your contact will...
Thu, Jul 8 2010
Fall Holiday Scheduling
It seems early to be planning for Thanksgiving and Christmas holidays already, but here's why you should think about it now... The fall/winter season is riddled with holidays, from Chanukah and Yom Kippur to Christmas, Thanksgiving, Ramadan, and Kwanzaa. Savvy entrepreneurs know that employees are...
Thu, Jul 1 2010
3 Ways to Keep Employees Motivated during Vacation Season
It's hard to keep your teams focused when the weather is warm and everyone heads to the beach on the weekends. But, with Q3 as a critical time for innovation , your teams need to work harder than ever. Here are some ideas other than just demanding that they focus: 1) Innovation competition with financial...
Thu, Jun 24 2010
Q3 Action Plan
My business owner friends and I complain loudly about Q3 each year. We call it the "Vacation quarter" where deadlines get pushed, checks don't get issued, and it seems like the country has collectively decided to tone down their work output for three months. However, a couple of years ago...
Thu, Jun 17 2010
Garden Sharing in the Office - Fun and Healthy
In every office there are gardening enthusiasts who live in apartments without yards. Without the ability to garden, they often default to eating pizza and hot dogs all summer long. Let's get them back to their favorite hobby with Garden Sharing. Garden Sharing is defined as an area where many people...
Thu, Jun 10 2010
What's Your Summer Dress Code?
We're starting to get into the sweltering days of 'real' summer, where perspiration and trapped body heat make your employees uncomfortable and crabby. And the more uncomfortable they are, the more vacation days they take and the more often they leave early. What to do? Here's some background...
Thu, Jun 3 2010
Running your business on a Shoestring Budget
Running a business feels a lot like bailing out a boat while your employees are constantly drilling new holes in the bottom. You need to make money faster than they can spend it, and resentment about expenses can build up fast. Here are six steps you can take to reduce your recurring expenses and help...
Thu, May 27 2010
IRAs or 401Ks, what's Smarter for a Business Owner
I'm not a financial advisor, nor do I want to be. I just want us all to be able to retire comfortably and as rich as possible, so that's why I'm going out on a limb to share what I know about saving for retirement. Here's what I have learned about saving for retirement after owning my...
Thu, May 20 2010
Planning the Company's Summer Party
The news is full of stories about how the economy has turned the corner, and not only will businesses start to grow; the few remaining companies will take off like rocket ships. The new mood is optimism, and we are all relieved to see it. How can you capitalize on this optimism with a mid-year summer...
Thu, May 13 2010
Entertaining Clients on a Budget
It was only a few years ago that I sent out Harry & David fruit baskets for every client who had a baby, got married, got divorced, or seemed like they needed a little special attention. These days I look back at how much I spent doing that and can't help but wonder how I had that much money...
Thu, May 6 2010
Summer Flex Hours - Plan Now and Thrill Your Employees
If your company is like any of the dozens that I work with, then you have employees who are exhausted from doing extra work as the employee rosters dwindled, and frustrated by working for the last three years without a raise. They need a break, and they need it fast. It's time to get them re-engaged...
Thu, Apr 29 2010
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