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Planning is also about revenue

The revenue line is the most critical line in any business plan or forecast, and yet too many business plans focus excruciating detail on costs and expenses at the expense of product, sales, and marketing plans. While turnaround situations clearly... read more >>
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Strengths, Weaknesses, and Genuine Growth

I decided to take a break for the past week, enjoy my family during the Thanksgiving holiday, and return renewed.

Doing What Comes Naturally was about paying more attention to what comes easily to us. Too often we ignore our talents because it doesn't "feel" like we are working very hard.

The reason I emphasized this is because of a tendency--beginning with elementary school education--to point out the deficiencies in one's performance based upo... read more >>

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6 Common Financial Mistakes

A recent article [1] in Channel Insider highlighted several common financial mistakes frequently made by owner/CEOs in the early stages of building their businesses:

  1. Not saving money outside the business
  2. Using personal credit instead of business loans
  3. Having no exit strategy
  4. Failure to plan for tomorrow
  5. Not providing for their families should the unexpected occur
  6. Not carrying personal health or life insurance
... read more >>
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Evaluating a Business Partnership Opportunity

Many thanks to Matt Bacak for pointing out two important aspects of evaluating a business partnership opportunity -- things that many entrepreneurs overlook:

First,

If you are looking to establish a business partnership or seeking out a business opportunity, we all know how important it is to look at how much money you are going to make.

But second -- and in keeping with the overall question "What kind of lifestyle do I want to lead?" -..... read more >>

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89% of Your Customers Will Remain Loyal, If They Know You’re Listening to Them!

While most of Radically Transparent is about managing and monitoring your online reputation, we spend a lot of time explaining that customers are discussing your brand and would love to have you join the conversation. New research from ExpoTV.com shows just how badly your customers want to hear from you. Jeremiah Owyang has summarized the key [...] read more >>
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Economy got you down? Get out of the fetal position and start seeing the pockets of gold around you

The excitement of an economic boom is intoxicating. I lived and worked in Silicon Valley right in the middle of the "web crack" growth period. There was a buzz in the air that lifted everyone's feet a few inches off... read more >>
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Reinventing the SBA

Bizjournals has an in-depth story looking at the role of the Small Business Adminstration in today's world. The question the article asks is "can an agency created during the Eisenhower administration serve the needs of small businesses in the 21st... read more >>
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AN ARGUMENT FOR A 'ROTH' IRA AND 401(K)

With "Roth" IRAs and 401(k)s, you forego a current tax benefit for your contribution to a retirement account in exchange... read more >>
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Guest Post: Simple Tips to Get the Edge in Business

Everyone is searching for the edge in business. (Heck, we’re all looking for the edge in life.) The need for increased productivity, innovation, and bottom line sales is what drives us to buy Inc. magazine, The Wall Street Journal, and business books such as the fabulous, “Bounce! The Path to True Business Confidence” by Barry [...] read more >>
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Uninsured and in a collision: What happens?

What happens if you are in a collision and you have no insurance? Here is the story of how things happen. Driver A (the other guy) turns a claim in to his insurance company. They pay for his damage. They... read more >>
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