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  • Digg it UP - 'Budget' is a Four-Letter Word - Create a Spending Plan You Can Live With

    What Does Honest Abe Lincoln Have To Do With Company Growth?
    Is formal training important? After all we can all learn from other employees or from outside consultants we bring in can't we?Well, in my previous life as a consultant IT project director I noticed people would often be too busy doing their own job to learn the skills of an outside consultant too.That's despite massive efforts made to train people.But unless skills are used regularly after training they fade away.Learning from others in your own organisation can also be fraught.Learning by "sitting next to Nellie" as it's known can work. But it means that any weak custom and practise procedures are copied.These weak procedures may actually be the direct opposite of the company strategy.Also if you're learning from someone because they
    ck), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), gro

    Coaching Your Business To The Next Level Series; Part 2
    This second article in the series on Coaching Your Business to The Next Level Series explores how many business owners and executives are consumed with working in their business and not on their business. (NOTE: Article 1 was the Top 7 Tips to Avoid the Top 7 Mistakes Small Business Owners Make. See link at bottom of to previous article.)Work on Your Business Not in Your BusinessMistake: Most new business owners and many experienced business owners are so busy working in their business, they fail to work on their business and demonstrate the leadership that the business demands. In the book, It's Not the Big that Eat the Small, But It's the Fast that Eat the Slow, the authors revealed that executives spent less than 15 minutes each
    'Budget' is a four-letter word when it comes to your personal finances, but face it--if you don't decide ahead of time what's most important to you, it's easier than pie to slip into that nearly-impossible-to-break habit of living bigger than your paycheck. Use these tips to get started on creating a roadmap toward your financial success!

    Before you can set a budget, or spending plan, that you can live with, you need to look at where you’re starting. Are you already ‘out in the real world’ living on your own, or are you still living at home or on campus? If you’re already living on your own, you have a headstart in the sense that you know what the costs for a variety of things are. On the other hand, if you realize that you’re already living in a way that will sabotage your financial future, it’s going to be rough getting things back on track. But it can be done.

    Before you start developing your spending plan, you’ll need to track your current spending patterns. For an entire month—it’s a long time, but well worth it—carry a small notebook with you and record every penny you spend (yes, every penny!). Write down what you spent money on, how you paid for it (cash, credit card, check), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), groc

    Usability - Not Such a Complicated Thing
    Usability – is one of the latest notions that busted into our lives recently, besides Search Engine Optimization and Accessibility. All three notions appear to be very important for everyone who struggles to gain some clicks or impressions on the web, but all the theory standing beside these notions seems to me a little bit too much. And I’m going to explain why.I recently started to work on a project about usability - theory and practice in online stores - trying to prove that every marketing department not considering usability as a major point in developing an online store will cause major loses for their company. SEO is very seriously treated by these marketing departments but usability and accessibility, even if they do not represent a new term in web developing, are still cons
    roadmap toward your financial success!

    Before you can set a budget, or spending plan, that you can live with, you need to look at where you’re starting. Are you already ‘out in the real world’ living on your own, or are you still living at home or on campus? If you’re already living on your own, you have a headstart in the sense that you know what the costs for a variety of things are. On the other hand, if you realize that you’re already living in a way that will sabotage your financial future, it’s going to be rough getting things back on track. But it can be done.

    Before you start developing your spending plan, you’ll need to track your current spending patterns. For an entire month—it’s a long time, but well worth it—carry a small notebook with you and record every penny you spend (yes, every penny!). Write down what you spent money on, how you paid for it (cash, credit card, check), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), gro

    Marketing is Dead- Long Live the Brand
    There is a new economic order. Marketing was a business function relevant to the old economic order. Even though that economic order is gone forever, most companies are still think and work according to it. And this is costing them waste in their effort to grow their business. It is high time they adapted their business to the new economic order.How can this be? Marketing has been around all along. What can have changed that makes the Marketing function so out of date? A sea change. No less. A transformation of our marketplace. In recent decades, the old economic order has given way to the new economic order. Four factors characterize this transition:1. Intensifying competition has transferred power from the producer to the customer. The more freedom and choice cu
    you have a headstart in the sense that you know what the costs for a variety of things are. On the other hand, if you realize that you’re already living in a way that will sabotage your financial future, it’s going to be rough getting things back on track. But it can be done.

    Before you start developing your spending plan, you’ll need to track your current spending patterns. For an entire month—it’s a long time, but well worth it—carry a small notebook with you and record every penny you spend (yes, every penny!). Write down what you spent money on, how you paid for it (cash, credit card, check), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), gro

    Forming an S-Corporation
    An S corporation is a corporation that has obtained an additional status at the IRS. There are restrictions as to who may file as an S Corporation. It must be a domestic company S corporations cannot have more than 100 shareholders None of the shareholders can be nonresident aliens Only one class of stock can be issued by the business The business cannot be any of the following: a bank or thrift institution, insurance company, a domestic international sales corporation, or a possessions corporation The tax year for the business has a natural business year, and a ownership tax year. All shareholders must agree to the S Corporation structure formation. Profits and losses must be allocated to shareholders
    veloping your spending plan, you’ll need to track your current spending patterns. For an entire month—it’s a long time, but well worth it—carry a small notebook with you and record every penny you spend (yes, every penny!). Write down what you spent money on, how you paid for it (cash, credit card, check), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), gro

    Arcades for Restaurants and Hotels
    Just about any hospitality business has a few coin-op machines lying around. These are not gambling devices I'm talking about (which is a whole other story), but electronic gaming devices, commonly known as video games. While their inclusion isn't the main feature of your venue, you'll notice a few of them lurking in some corner of nearly every kind of hospitality business.Managing them is one of those jobs that is usually done by the short-straw drawer. Nobody goes around with the job title "arcade manager" so it falls to a side responsibility for the entertainment coordinator, the purchaser, or maybe even the custodians. If it falls to you, you have the opportunity to quietly build a little side enterprise out of it, given that you know your games.Many people tend to trivia
    ck), and assign it to a category.

    Each person’s spending categories will vary a bit, but include things like home (rent, electricity, water, renter’s insurance), auto (loan payment, gas, insurance, maintenance, personal property tax), food (for at home, plus another category for eating out), grocery items, clothing, entertainment (movies, magazine subscriptions), health (doctor bills or copays, prescriptions, insurance premiums, contact lens supplies), and miscellaneous (haircuts, impulse buys). If you’re not out on your own yet, you won’t have as many categories as someone who is, but it’s still an extremely valuable exercise.

    At the end of the month, you will probably be astonished at what you spent your hard-earned money on. Most people are. Those ‘little’ purchases, usually made with spare change, add up to much more than you could ever have imagined. How many times did you stop at Starbucks? In my opinion, the two most dangerous words in finances are ‘just’ and ‘only.’ “It only cost two-fifty.” “It’s just four bucks.” Add a bunch of those together over the course of a month, or year, and they add up to a big bite out of your budget.

    After you pick your jaw up off the floor, you’ll be ready to move on to the next step and begin developing a reasonable spending plan that will move you toward your financial goals.

    You’re Ready—Develop Your Spending Plan

    -- Get out some paper, or use a spreadsheet, and label three columns: Knowns, Needs, and Wants.

    --

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