Category: business

Don’t lose focus on your priorities

Too often, people lose focus of their priorities simply because they forget about them.  My remedy for forgetting is to consistently document daily in my journal daily.  We should all have 10-15 minutes downtime each day to write some important thoughts into a journal….

Challenges in growing your small business

Here is an interesting article titled, Top 10 Challenges Small Business Owners Are Facing Today on SmallBizTrends.com.  Here are the 10 challenges listed: Healthcare Government Regulations Federal Income Taxes The Economy Tax Compliance Cash Flow Staying Passionate Not Diversifying Client Bases Growth vs. Quality Hiring New Employees…

Business failures – reasons

According to Forbes, these are five reasons 8 in 10 businesses fail. Leadership breakdown at the top Not really in touch with customers through deep dialogue No real differentiation in the market (lack of unique value propositions) Failure to communicate value propositions in clear, concise…

Faster decisions for faster results

A good amount of our time is spent on deciding whether we are doing things the right way.  Are we spending our time on the right things?  Am I doing something the right way?  Am I making the right decisions to further advance my…

Getting paid based on your value

Today I had a question that went like this – how are people paid?  The intent of the question is not to understand how someone is actually paid (i.e., salary, hourly), but to understand how salaries are determined in the first place.  I stumbled upon…

Ready, set, grow my business and live my dream

There is one life given to us and it is up to you to determine what you want to do with that life.  Each day you are making decisions, even if you are not aware of it.  These decisions may lead you to new…

Having the right tools… very important!

Early on in my career as a packaging engineer, the director of my team said to me, “without the right tools, how can we expect you to do your job?”.  This was over 5-years ago, but it still sits top of mind for me…

Partnerships are never 50:50

Perhaps you have, are, or will be in a partnership type business with a friend, family member, or someone else.  You may set the business up as a partnership where each you and your partner own 50% of the business.  Although the partnership is…

Layoff, me!

The corporate environment can be very rough at times.  In my experience, I have observed at least three size-able layoffs in just  6 years of working for my employer.  I understand the company is not doing well, so they need to trim some of…

The new workforce – take advantage

The workforce is very different today than it was ever before from start to finish.  The way people are recruited, hired, interact, and so on has all changed with new advances in technology allowing for us to be faster, smarter, and more efficient.  For some larger…

Run a successful business

Let’s say your company is doing poorly.  Let’s pretend your business has $1 million in debt and your sales are decreasing year over year.  Your leadership may also be lacking and your turnover rates are increasing each year.  How do you turn your company…

Getting into the details of your financials

Since 2009 when I started my career as a chemist, I began tracking my financials in great detail.  The way I track my money today is very different from when I first started tracking in 2009, but the purpose is still the same.  If…