To build your pipeline and reach potential buyers you wouldn’t normally get access to, it’s essential to always be expanding your network. Here are some tips to help you improve your networking skills. Take a close look at the network and resources that you already have in place. Don’t overlook the hidden potential that is […]
Six months before I turned 40, I took the biggest risk of my career by leaving the world of large institutions and heading to a place where the only thing certain is uncertainty. I decided I wanted to get over my fear of failure before this big birthday. For previous generations, a mid-life crisis meant […]
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Averaging Down: This is when an investor buys more of a stock as the price goes down. This makes it so your average purchase price decreases. Bear Market: This is trading talk for the stock market being in a down trend, or a period of falling stock prices. This is the opposite of a bull […]
1. Current state First you tell your employee about the current, ineffective behavior. The description of the behavior should be short and fact-based. This avoids a judgmental and threatening tone that can frustrate and even frighten your employee. For example, you can accommodate this rule with the statement, “I notice that you’re consistently arriving to […]
Businesses report information in the form of financial statements issued on a periodic basis. GAAP requires the following four financial statements: Balance Sheet – statement of financial position at a given point in time. Income Statement – revenues minus expenses for a given time period ending at a specified date. Statement of Owner’s Equity – […]
You wouldn’t be an entrepreneur if you didn’t have vision, were afraid to take risks or prepared to let things stay the way they are. So why start now? The world may be in economic crisis, but one man’s problem is another man’s opportunity. Whether business booming or you’re feeling the pinch just like everyone […]
Buying an existing business can be a much less risky and more quickly profitable venture than starting your own business from scratch. But it’s not entirely risk free and your success will depend heavily on how wisely you choose and evaluate the business you buy. Here are the "tires to kick" as you begin investigating […]
1. Assess risk. Identify what activities are outsourced, moved between different groups, and transferred across borders, and which activities are performed by the board of directors, top managers, employees, suppliers, customers, competitors and external contractors. Recognizing risk spots determines where prevention and detection mechanisms should be placed. 2. Assess corporate culture. Identify the ethical tone […]
The most obvious reason why anyone would hire anyone is efficiency. Let’s pretend that I like being a software engineer and I’m good at it. People in Silicon Valley would easily paid $100 and hour for this. Let’s also say that I’m really bad at changing the oil in my car and mowing my lawn […]
