Recently, Kathy and I found ourselves impacted by Hurricane Helene. After evacuating from the island we were visiting, we secured a downtown Sarasota hotel for three days. During the height of the hurricane, most restaurants were closed. But one ambitious pizza restaurant owner saw an opportunity due to the weather. He passed out flyers at hotels and became overwhelmed with ...
When I was a banker I worked with hundreds of small businesses, most of whom never had a budget for their business. They sometimes pulled together projections to obtain a loan, but they rarely used them for comparison purposes later. Although a budget is simply a tool to help you compare your original expectations to your actual results, it ...
When I was a banker I worked with hundreds of small businesses, most of whom never had a budget for their business. They sometimes pulled together projections to obtain a loan, but they rarely used them for comparison purposes later. Although a budget is simply a tool to help you compare your original expectations to your actual results, it ...
Upwork’s Freelance Forward 2023 Survey found that 38% of the U.S. workforce performed freelance work last year. A staggering 52% of all Gen Z workers operated as freelancers. This trend is dramatically impacting the way work is done. Leaders in today’s workplaces not only have to manage their in-house employees, now they also must navigate how to lead remote ...
A Rutgers University study discovered that 60% of recruiters responded less favorably to the mock resume of former entrepreneurs with comparable levels of education and experience. In addition, research from the London Business School discovered that former entrepreneurs are 35% less likely to get a job interview, often called the Entrepreneurship Penalty. Some entrepreneurs can be independent and struggle ...
In 1847, when Esther Howland was 19 years old, one of her father’s business associates gave her a Valentine’s card that had been produced in Europe. Although common in Europe, Valentine’s Day cards were not affordable to most Americans. Esther determined she could improve the quality of the card. On her brother’s next sales trip, Esther gave him a dozen ...
Deciding whether to close a business is a heart wrenching decision. For followers of Jesus, the key consideration should be God’s will. Travis was leading a business during a significant industry decline. When closing the business seemed the only viable option, Travis surprisingly offered to buy the company personally. Although his decision seemed crazy, God continually affirmed Travis’ decision. ...
Deciding to close a business is a tough decision. One factor that needs evaluation is your financial return on your investment. When you own a business, you deserve to get paid for the time you work and a return on your investment in the business. Jim left his $100,000 a year job and invested $200,000 to start his business. ...
Deciding to close a business is a tough decision. One factor that needs consideration is your talent. When I was twenty-five, I was a CPA and talented at financial management. But in the pursuit of money and becoming an entrepreneur, I launched a used car rental agency. One winter day, with temperatures below zero, few of my cars would start. ...
Deciding to close a business is a tough decision. There are multiple factors that need to be considered. For instance, reflecting on your time, talent, and treasure should shape your decision as well. Today, let’s discuss your time. I’ve counseled home remodelers who could make $30 an hour as a carpenter. But instead, due to common business mistakes, they’re working ...
Equipping Others to Do Work Differently
