fbpx

VIDEO: Entrepreneur Series – Lesson 6: Poor Staffing Decisions

Read the full post here : http://bit.ly/15PVYNM One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took many years to realize how important hiring decisions are to grow an organization the right way. I also felt the pain of making poor hiring decisions, and how much time and productivity you can lose from just one bad hire. No entrepreneur lives in the panacea of having zero turnover as sometimes they might like to make it seem, but certainly making the right staffing decisions by putting people in the right roles can allow your start up venture to get off on the right foot… ...

Read More →

Entrepreneur Series – Lesson 6 – Poor Staffing Decisions

One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took many years to realize how important hiring decisions are to grow an organization the right way. I also felt the pain of making poor hiring decisions, and how much time and productivity you can lose from just one bad hire. No entrepreneur lives in the panacea of having zero turnover as sometimes they might like to make it seem, but certainly making the right staffing decisions by putting people in the right roles can allow your start up venture to get off on the right foot. One of the critical questions to ask yourself early in your venture is what role do you (the CEO/owner) play in your firm. If I was to use a baseball analogy, what jobs are you going to be a ...

Read More →

How Does Boredom Equal Making Money?

Have you ever heard that phrase, “you should try to be brilliant at being boring?”   With all of the technological advances in computers, hundreds of channels on the cable TV, and music any way that you want it, don’t you find more people quickly getting bored at what they do?    People surf the internet looking for that funny new You Tube video, only to be quickly bored and searching for their next two minutes of laughter.    Every night, loyal Facebook members log in to check out the days events looking for a quick picture of their friends, and then shut themselves down after reading 10 or 20 posts unless something really catches their attention.    With nothing to do, Twitter in its own right is simply a way for many to just idly throw their thoughts our there if they’ve got nothing better to do.     Does all of this instant excitement make it harder for people to go to work without ...

Read More →

Some look to “The Stock Trader’s Almanac” to develop their investment strategy.

Growing up in Iowa “The Old Farmer’s Almanac” provided planting charts for those who lived on the farm giving advice as to when to plant as well as information about weather forecasts for that years growing season. Equity traders generally have their own version “The Stock Trader’s Almanac” to provide educational information on investing.  According to “The Stock Trader’s Almanac” over the past thirteen and a half years, starting in September of 1997 through February of 2011, if you has bought the Dow Jones Industrial Average at the end of the last trading day of each month and sold it at the end of the first trading day of the next month, you would have ended up with a total gain of 6,021 points for just 162 days of exposure to the market.  Additionally, if you had traded on the 3,215 other days, you would have lost a combined 1,604 points over the same period.  However, we do not recommend ...

Read More →

Consequences of Unfiled Taxes and What to Do Now

Despite common belief, filing unfiled tax returns regardless of how many years have passed is not as scary as it may sound. Do not be deterred from doing so even if you do not currently have the funds to pay for the taxes. In fact, not filing your taxes at all can often have greater penalties and be more detrimental to your financial situation than being unable to pay. Ultimately, the faster you file your taxes the better. In this case the phrase, ‘better now than never,’ could not reign more true. Penalties for Unfiled Tax Returns While many people avoid filing their tax returns because they are unable to fulfill the payments, the penalties and added fees are far worse for not filing at all versus being unable to pay. In best case scenarios, you may even be due a refund without realizing. Keep in mind, the IRS will no longer honor this after a certain period of time. ...

Read More →