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A "Fatherpreneur"
One commonly held belief of starting your own business is you have to sacrifice family time because of the demanding hours of ownership. In fact, nearly 80 percent of the...
Show Your Business Heart With Cause-Related Marketing
Your small business doesn't need the deep pockets of Bill Gates to give to a worthy cause. More and more businesses are reaping the joys of giving to a worthwhile...
IRS Form 8300 and the $10,000 Reporting Requirement
One question I get asked a lot by owners of cash-heavy businesses is about the filing requirements for IRS Form 8300 (Report of Cash Payments over $10,000 Received in a...
Change Your Mind
The key to turning a losing situation into a winning one is to change your mind about it. We do our best work, with the least stress, when we enjoy or appreciate our task. That's difficult when we see something...
Good News for Businesses that Use Employee Leasing Firms
Congress will require the IRS to certify all professional employer organizations (PEOs, otherwise known as employee leasing companies). Such certifications will let business owners who use PEOs to manage their...
Understanding Home Office Deductions
Take advantage of every legal opportunity to reduce your taxes. Recent changes in the law benefit business owners who use their homes—whether the home is rented or owned—as an administrative and management base but work at other locations, such as...
Are You Developing Your People?
For years, I've been asking groups of business professionals and managers this question: If a developmental manager is someone who engages you in conversations about your progress and looks for opportunities for you to develop further, how many of you...
How to Hire a Lawyer
When it comes to hiring a lawyer, it's better to be prepared than to be caught off guard. No business owner wants to begin screening law firms while dealing with a pending lawsuit or contract negotiation. But, whenever you decide...
Small Business Owners Expect Economy to Slow Down
A recent survey of 416 small businesses by the National Federation of Independent Businesses reveals that many small business owners expect a sluggish economy in the second half of 2006. High...
Boost Accounts Receivables
When the costs are rising in your small business, it's time to take a hard look at outstanding accounts receivables. You started your company not to be in the business...
Accrual Method Corporation Forced to Recognize Income Earlier then Planned
A business that keeps its books using the accrual method of accounting recognizes income when it is earned (i.e. when a sale is made or service is provided). But a...
Raising Your Prices: The Trickle-Down Effect
If you own a small business, you have probably been hit with fuel surcharges or higher delivery charges from your suppliers in the past two years. Even if you haven't,...
Finding Federal Regulations for Your Industry
Federal legislation requires the Office of Management and Budget (OMB) and the Small Business Administration (SBA) to publish a list on the internet of resources available from federal agencies for...
Entrepreneurs in Space
Following two delayed attempts, Discovery was successfully launched at 2:37:55 p.m. EDT at Kennedy Space Center marking NASA’s first-ever shuttle flight to leave Earth on Independence Day. The successful mission...
Small Business Going to the Dogs
Every weekday small business owners head off to work, reluctantly reassuring their furry canine friends they will be back. For others, life at work means having a little canine companionship....
Interviewing: It's More Than Just Your Gut
The decision to hire someone is essentially a purchasing decision. Yet managers tend to make the mistake of treating the interview like a conversation. This presents several pitfalls. First, it gives the interviewee the opportunity to run off with the...
Enron Executives Found Guilty
Former Enron executives Kenneth Lay and Jeffery Skilling have been convicted on charges of conspiracy and securities and wire fraud in one of the biggest business scandals in U.S. history....

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