The contentious payroll-tax-cut extension appears to be headed for passage after legislators reached a compromise in Conference Committee negotiations. It appears that Congress can indeed work together and reach consensus. In Conference Committee, leaders from the House of Representatives and the Senate negotiate differences in the versions of a proposed law [...]
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With so much uncertainty about the direction of the economy in 2012, everybody jumps at the slightest possibility of good news. Investors, employers, politicians, business owners and job seekers all want good news.
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About a year ago I made a conscious decision to improve my response time. My inbox was filling up with anywhere from 12 to 20 e-mails per hour and my voicemail was filling up regularly, as I don’t answer the phone while in meetings out of consideration to my fellow participants.
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People can do foolish things in the name of love and entrepreneurs are not immune to making this mistake. The object of affection doesn’t have to be a spouse; it can be that other loved one in our lives known as the “business idea.” Loving a business to death is more common than [...]
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The new year is just around the corner and I couldn’t be happier to bid farewell to 2011. It wasn’t an easy year for businesses—big or small—and its departure won’t be missed by anyone who tried to grow revenues and turn a profit this year. As I get my business ready for 2012, [...]
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Every year, studies show that Americans are overworked compared to our European counterparts. U.S. workers average just 13 days’ vacation a year, according to a recent study by Expedia. Some European countries enjoy three times as many days off. During the holiday season, this difference between U.S. and European workers widens.
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Dealing with competing priorities is an integral part of being an entrepreneur. Every day we face battles where we have to choose between pricing and quality, family time and business progress and between current profits and future success. We all know it’s impossible to please everyone all of the time.
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It looks like politicians on both sides of the aisle have forgotten to add a little Christmas cheer to their end-of-year work schedule. Business owners and employees have anxiously awaited legislative confirmation that the current payroll-tax holiday would extend into next year. Both Democrats and Republicans agree that a continuation of [...]
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As 2011 ends, I’d like to make an appeal that will help aspiring entrepreneurs make money. Get your financial model in investor-ready shape before sending it to potential investors. I recently met with a newly minted entrepreneur who left a successful corporate career to launch a company that he believes will disrupt [...]
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As the year begins to wind down, many companies are putting the finishing touches on their financial and operations plans for 2012. Regardless of how far along you’ve gotten in your planning, you should consider adding a stress test if you haven’t done so already.
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