February 2009 Articles

Your four best investments

Monday, February 2nd, 2009

Matt Hall
By Matt Hall
Merritt Hall Insurance

Three months ago were you sitting around predicting the worst financial meltdown since the Great Depresssion? Not likely. But on November 19th, the DOW slipped below 8,000 delivering the message that “anything is possible,”

So if you’re sitting on a stockpile of cash, you may be wondering, is NOW the time to invest it in the market? Is it at bottom? Tough call, since many experts thought it hit bottom at 12,000…11,000…9,000…and so forth.

The problem, of course, is that you have NO control over the market. You can study it, analyze it, attempt to predict it. But you can’t control it. Mutual funds? No control. Individual stocks? No control.

You may be wondering if there are any investments that still give you some control? And what are – historically – both the SAFEST and most LUCRATIVE investments? That’s easy.

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Cost Effective Office Suites

Monday, February 2nd, 2009

deanna
By Deanna Mitchell
PS Executive Centers, Inc.

During the past few years many corporations utilized the executive suite environment for their field or regional personnel. After factoring in the additional cost of a receptionist, administrative assistants, telephone systems, internet access, and furniture/equipment, they discovered that the monthly cost of traditional office space was substantially higher.

In an executive suite these necessities are shared with other clients. Another major consideration is flexibility. An executive suite offers shorter term lease agreements  and you are only charged for the services used. In addition, most executive suite clients agree that there is much to be said for going to work at a place where there are other like-minded individuals. Not only are executive suites the cost effective solution for corporations, but also for the entrepreneur.

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Business planning crucial for 2009

Monday, February 2nd, 2009

By Carl Kinker
The Controllership Group, Inc.

Business planning and forecasting your cash flows for the year is always important but for some businesses it may be crucial for 2009. A business plan doesn’t have to be complicated to start but will need to become more sophisticated and detailed as your company grows. The importance of any plan is that you are attempting to be proactive instead of reactive to the business environment that your company operates within.

Where should you start? Start with a budget, set aside time when you will not be interrupted in order to focus on the task at hand. Be realistic this may take you several “appointments” on your calendar but do make it a priority. During the planning process it is important to separate your personal budget from the business budget. In most small companies they are intricately tied but plan them separately and then see if your business can support your personal budget. You may be surprised at the impact your personal lifestyle is having on your business health. Part of your objective with the business budget is to determine what is available for you the owner and what should be retained by the business in order for it to grow.

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Bottom Line Blunders

Monday, February 2nd, 2009

C.J. Mcclanahan

By C.J. McClanahan
ReachMore Strategies

How much productivity do you get out of your staff?
In other words, how much of their time is spent efficiently helping your business generate a profit?

This is an extremely tough question for most business owners to answer. Regardless of your answer, doesn’t it make sense that if you were to increase the productivity of your workforce you would increase your profit?

Of course it does. So how do you do it?

There are tons of great answers including setting better expectations and providing additional management. However, one commonly overlooked solution is fairly simple – making sure that your staff works together as a team.

We all know that working as a team is more effective than individual effort. Then why do so few business owners create an environment that truly values teamwork?

Because, it’s easier for a business owner to manage individual efforts (a.k.a. – put out fires), than it is to create a successful team. Creating a winning team requires planning and other activities that don’t immediately improve the bottom line.

However, a solid team will help you achieve more than even the most talented group of individual performers. In other words, it’s worth the effort.

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