Does your startup have what it takes? Benchmark Your Business. Mike Periu takes a look at a report indicating key levels of growth for startups. One of the most difficult tasks for any businesses owner to perform is benchmarking. Through this process, you compare your company against similar companies and industry averages to determine performance. This is difficult because most relevant information isn’t easily available. Publicly-traded companies are required by law to disclose certain … [Read more...]
Would You Pass The Marshmallow Test?
Can you delay your want for instant gratification? Here's how to teach yourself how to wait for the second marshmallow test. In 1972, psychologist Walter Mischel of Stanford University conducted a novel experiment. Researchers led children aged between four and six years into a room consisting of only a table and a chair. The researcher would place a marshmallow on the table in full view of the child, and as his or her mouth started watering, the researcher offered the child a choice: eat the … [Read more...]
How To Get A Low-Cost Loan For Energy Efficiency Projects
It's now easier than ever for businesses to go green with a newly available funds for those who seek low-cost loan for energy efficiency projects. I recently wrote about why small businesses should evaluate going green via a carbon offset program, because of concerns regarding global warming among the majority of consumers. If your company is considering additional ways to implement such an eco-friendly strategy, there is a new program available that can help you offset some costs: $50 million … [Read more...]
Top Tweeters To Follow For Small Business And Finance
Stay on top of small business trends with these top tweeters to follow for Small business and finance! As Twitter becomes ubiquitous, I’ve found that it can be an excellent tool to streamline your small business research. By forcing everyone to 140 characters or less of text, links to articles and videos are summarized in a succinct and direct manner. By creating a list of tweeters that provide great insight into small business and finance issues, it’s far easier to stay abreast of the latest … [Read more...]
Banking Update: Is lending making a comeback?
The FDIC recently released a report on the banking sector for the first quarter of 2011. Is lending making a comeback? The Federal Deposit Insurance Corporation (FDIC) recently released the quarterly banking profile for the first quarter of 2011. This report provides a detailed overview of the condition of the banking sector in the United States. Digging into the details provides some important insight into what small business owners can expect for the remainder of the year and into … [Read more...]
The Trials And Tribulations Of Living And Working In Different States
Living and working in different states brings along complications that businesses need to consider for their employees. Most people live and work in the same state. A growing number of people, however, live and work in different states. In key hubs like the tri-state area (New York, New Jersey and Connecticut) this has been the norm for decades. But as the cost of living in important centers of employment continue to rise, more families are being forced to commute farther—and across state … [Read more...]
Your Baby Boomer Employees Aren’t Going Anywhere Soon
Each generation has it's own culture, and they're starting to blur in the workplace. What does this mean for small biz? Our workforce can be divided into distinct groups based on year of birth. Each group is considered a “cultural” generation and these divisions are generally accepted. The Baby Boomer generation consists of people born after World War II from 1946 until 1964. Following the Baby Boomers is Generation X for people born from the late 1960s until the beginning of the 1980s. After … [Read more...]
Intuit plans to give $1 million to small businesses in the next nine months.
Software company, Intuit plans to give $1 million to small businesses in the next nine months. Here's how to get some. Does Your Small Business Deserve Free Money? I sense something in the air. If I’m not mistaken it's love and appreciation for small businesses. Finally, we are beginning to get the respect we deserve. As the economic engine of the United States, small, startup, and growing businesses play a vital role in job creation and value creation. The latest company to recognize this … [Read more...]
Get Ready: The IRS Starts Thinking Like A Business
The IRS, which was once considered to be an out-of-date, inefficient and bureaucratic organization is starting to modernize. Get ready. Something revolutionary is taking place within the IRS. What was once considered to be an out-of-date, inefficient and bureaucratic organization is starting to modernize. While it still has a long way to go to match the efficiency of the private sector, the IRS is in fact starting to operate more like a for-profit company instead of a government agency. … [Read more...]
Why You Need Personal Disability Insurance
Tragedy can strike leaving you injured and broke. Personal disability insurance can help offset healthcare costs. When most business owners decide to buy insurance to protect their families, they automatically think of life insurance. Few business owners also consider the purchase of disability insurance—67 percent do not have any type of disability insurance. This is a big mistake. Personal disability insurance is just as important as life insurance and should be considered part of your … [Read more...]
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