President Obama recently presented his federal budget proposalfor fiscal year 2015. The president envisions the government spending $3.901 trillion and collecting $3.337 trillion, leaving a deficit of $564 billion that will be financed by adding to the national debt. Many elements of the new budget have been proposed in previous years by President Obama but weren't approved by Congress and thus were never enacted. The same fate will likely befall most, if not all, of the … [Read more...]
Small business owners set personal earings goal for success
The Personal Earings Goal or PEG formula How much money do you need to pull out of your business each month to cover your living expenses? That’s a question most business owners ask themselves. Typically you pay yourself a salary and from time to time take out an owner’s withdrawal directly from the company’s equity to help cover surprise expenses. Many small-business owners try to set their total cash withdrawals based on what the business can afford. However, rather than focus on what you can … [Read more...]
Small business owners just say NO to robocalling
The robocall is ranked as one of the most annoying abuses of technology. Ever. Robocalling began gaining traction after the deregulation of the telecommunications industry in the 1980s. The most rudimentary versions use an auto-dialer to run through thousands or even millions of phone numbers, playing a standard recording as someone picks up the phone. However, today's more advanced robocalling technology uses voice-response software that's so good, it’s difficult to tell if it’s a computer or a … [Read more...]
2014 Is A Make Or Break Year For These 7 Startups
2014 will be an important year for many popular startups as founders will need to prove that a cool idea can also make money. 2014 Is A Make Or Break Year For These 7 Startups: Several companies have launched recently that offer innovative services and cutting-edge technology. Some of these companies have resonated with users, investors and the press to create a perfect opportunity for growth and long-term success. Many of these companies, though, still haven’t proven that they have viable, … [Read more...]
Business Travel: 4 Products That Can Change Your Life
If you want to travel happy you have to know how to travel light. These 4 products That Can Change Your Life. I began my career working for the International Finance Corporation. In hindsight, I realize it was a pretty cool job. One of the most challenging and exciting parts of the job was the travel. I'd have to hop on planes with short notice and head to places like Nicaragua, Bolivia, Uganda and Slovenia. After my time at IFC, I continued to travel for business and for adventure. I met other … [Read more...]
4 Businesses That Are So Weird, They’re Successful
Be bold, be daring, be weird. That's what these companies did and have yet to look back. Sometimes there are Businesses That Are So Weird. The product they sell is so different that the common sense point of view is that they’ll fail. This year, however, an unusually large number of companies that fall into the “weirdo” category are succeeding. J&D’s Foods, Kings Of Bacon Americans love bacon. Last year we bought more than 550 million pounds of it. Some people, however, love bacon more … [Read more...]
From Billions To Bust: Top Entrepreneurs Who Lost It All
Can you be too rich to go broke? Sadly, no. The past year saw more than a few billionaires wind up with nothing. Find out what did them in so you don't suffer the same fate. What’s the fastest way to end up with a million dollars? Starting with two million dollars. It can take a lifetime to build a fortune but only a few bad decisions to lose it all. No matter how much money you have, it is possible to wind up with nothing; and recently a number of famous billionaires have done just that. … [Read more...]
What Would Judge Judy Do?
She has been ranked more trustworthy than the Supreme Court, beat Oprah Winfrey in ratings and makes $47 million per season. Here are 5 things Judge Judy Sheindlin can teach you about success. December 06, 2013Judy Sheindlin, the New York family court judge turned TV star, is by all measures a great success. She is happily married. Her program, Judge Judy, is the number-one syndicated show on daytime TV with more than 9 million daily viewers. She even beat The Oprah Winfrey Show in ratings … [Read more...]
9 Buzzwords That Can Make You Sound Dumb
Are you guilty of using buzzwords like "pivot" or "bandwidth"? When used incorrectly or excessively, buzzwords can do some serious damage. Language reveals a great deal about a person. The words you choose, how you choose to say them and to whom you say them gives clues about your level of education, your comfort level, even your outlook on life. One of the worst language mistakes you can make in a business setting is using buzzwords the wrong way or after they've already “jumped the shark.” … [Read more...]
Be Like Bezos: 5 Lessons From A Business Icon
Jeff Bezos took Amazon from sales of $7,000 to $1 billion a week. A new biography, The Everything Store, shines a spotlight on his incredible accomplishments. Who is the most admired tech entrepreneur in the world today? Most people will reply Mark Zuckerberg, Larry Page, Sergey Brin, Steve Jobs or perhaps Elon Musk. Fewer people would reply Jeff Bezos. After reading The Everything Store, a recently published biography of Jeff Bezos written by Brad Stone, however, my answer is Bezos. Bezos … [Read more...]
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