Archive | Small Business


The Art of Choosing: Cherrypicking your Projects

First, a word. It’s a business owners’ privilege to be able to decline projects. Of course, this privilege has its problems. To choose the projects that will best serve your business, choose the projects your business can best serve. This requires that you have an accurate picture of your business’ strengths and weaknesses. Identifying these strengths and weaknesses […]

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Firing Clients

Firing clients doesn’t have to be a nightmare. These four steps can help you 1. Know why you’re parting ways. Be prepared to explain clearly and concretely why your professional relationship has run its course, whether that’s because they’ve missed payments or ignored your advice on a big issue. Do this in person, and follow up your […]

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Accountability: A Two-Way Street

Employees in the workplace function best when given autonomy. Accountable employees are key to any thriving business. However, accountability in business has to go both ways–employees need to be accountable to the company and the company needs to be accountable to the employees. Many of you have likely heard Netflix’s travel-expense policy: “Act in Netflix’s best interest.” […]

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Working with a Spouse

Going into business with a spouse can be just as emotionally fraught as going into business with siblings or parents. However, spouses in business together face a unique set of challenges. In theory, spouses working together should communicate more than ordinary business partners and should be better at communicating with one another. However, this doesn’t […]

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Team Building for Business

Most business owners want to strengthen their existing teams. However, it can be difficult to get started. Visions of awkward team-building exercises can dissuade even strong leaders from building their teams. Team building begins with knowing yourself. While team-building is certainly focused outward, it is fruitless to create a team-building process that does not mesh […]

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The Team Every Business Owner Needs

Every small business owner needs a team to succeed. This doesn’t necessarily mean employees or partners (although both can certainly be a part of the team). These are people from various spheres of life and business whom you can trust. The Expert. Develop a relationship with someone in your field who is more experienced at […]

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5 Major 2014 Tax Changes

We’re less than a month into the new year, but it’s already time to take a brief look at the tax outlook for 2014. There are 5 changes that already appear poised to influence taxpayers this year. 1. Delayed Filing Season Thanks to the government shutdown in October, filing season will not begin until January […]

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