When PlayStation was hacked exposing users to cyber threats, Sony responded in a few ways. Here's what it means for your business. Sony has been going through a very difficult time lately. The fallout from the hacker attack which impacted around 100 million consumers will have long lasting repercussions that could hurt the company’s most valuable asset: its brand. An alliance of powerful hackers known as Anonymous were able to infiltrate the PlayStation network on multiple occasions and stole … [Read more...]
Is The $1,000 Successful Startup A Myth?
Is it possible to replicate the "dollar and a dream" model in today's business world? Is The $1,000 Successful Startup A Myth? We’ve all heard stories about that guy. He has an idea. He has a little money in the bank. He decides to give it a shot. Fast forward a few years and that guy has a successful company. Many of the stories I know that start out this way are for companies that started decades ago like Paul Orfalea’s Kinko’s or Fred De Luca’s Subway. Is it possible to replicate this … [Read more...]
What To Do When Your Superstar Suddenly Leaves
It's hard to keep a superstar individuals for too long at the same company. Here's how to replicate the energy and enthusiasm they brought to your In the workplace, people tend to gravitate towards certain individuals that excel in their performance. In many cases they are charismatic people that make others feel good about themselves, push the organization beyond its comfort zone, and are responsible for a significant portion of its success. Sadly, it’s hard to keep these types of gifted … [Read more...]
Organize Your Finances This Summer
It's summer but that doesn't mean you can slow down. Use this time to take a good look at where your money is going. 4 Ways To Organize Your Finances This Summer Summer is almost here. Most small non-seasonal businesses will experience a decline in activity especially during July and August. This should free up at least five hours per week that can be dedicated to those tasks that seem to sit perpetually on the “to do” list. Many of these tasks can have a material impact on your company’s … [Read more...]
Using software To Set Your Prices
Need some assistance setting prices on your e-commerce site? The right pricing software can help. Software To Set Your Prices If you use Amazon.com, you will be forgiven for thinking that only billionaires read about the genetics of flies. The book “The Making of a Fly: The Genetics of Animal Design” was recently selling for over $23 million (and it’s only a paperback). This of course does not include shipping and handling. Since its peak price a few weeks ago, the book has been discounted … [Read more...]
How To Declare Foreign Bank Accounts To The IRS
While owning a foreign bank account is not illegal, failing to declare its existence is against the law. Nobody enjoys paying income taxes. Most business owners grumble a bit about their tax bills, find legal ways to minimize them and resign themselves to sending the government more than they would like. For some people, this isn’t enough. They look for ways to avoid paying U.S. income taxes even if it means breaking the law. A common tactic is to open a foreign bank account, conduct business … [Read more...]
Why Do So Many Celebrities Wind Up Broke?
You may not have paparazzi following you, but many celebrities wind up broke. These cautionary tales are applicable for business owners large and small. It never ceases to amaze me how some people that achieve tremendous financial success in relatively short time squander it all. Celebrities—whether actors, athletes or “media personalities”—are the main culprits. Toni Braxton, the singer, song writer and actress, has sold over 40 million albums worldwide. Despite the nine figures in revenues … [Read more...]
Does It Pay To Be An Extremist In Business?
Glenn Beck and Rachel Maddow make it work for them in media. But business is a completely different story. Does It Pay To Be An Extremist In Business? Extremism is pervasive in today’s popular culture. We are almost at a point whereby having an extremist position is the only way to get attention. Cable news channels that take an extreme position (left or right) are doing far better in ratings than those considered to be middle of the road. The business success of “talking heads” such as Glenn … [Read more...]
Tactics To Enhance Your Revenue
Improving your business' revenues and profitability does not require giant leaps in productivity. Many business owners waste too much time. Here are 3 Proven Tactics To Enhance Your Revenue. Improving your business’ revenues and profitability does not require giant leaps in productivity. Many business owners waste too much time trying to find the magic bullet that will transform their businesses overnight. Do these exist? Yes. Is it a good idea to chase them? In my experience there answer is … [Read more...]
Fake Tax Relief Services
Be wary of companies promising to negotiate with the IRS on your behalf. Many are fraudulent. How To Avoid Getting Scammed By Fake Tax Relief Services. By now most people have filed their tax returns or asked for an extension. While this provides a momentary respite from tax worries, nagging thoughts lurk in the back of many business owners’ minds: Will I get audited? Will the IRS dispute the amount I owe? For most people this is just normal anxiety associated with the unpleasantness of taxes. … [Read more...]
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