DO (5)

Don't Go Another Year With BAD CREDIT

Get this free personal credit ebook when you purchase the business credit educational program.  You’ll learn how to:

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Let’s face it; making money is easy especially in America. In this country you can literally start a business with little experience and money and build a multi-million dollar corporation with hard work, passion and some luck. We’ve seen it happen many times and it will continue to happen. So it’s not the creating of businesses that is difficult it’s keeping them!

Below are my top 10 “non-text book” real world reasons why businesses fail or struggle. (in no particular order)

1. Poor or lack of Goal setting and strategy – This goes back to my blog on business and passion. Once you’ve reached the point where you know your passion should be a business you must then determine what your goals are and develop a strategy surrounding them. Not doing that can leave you running a treadmill and loathing your passion.

2. Big Cash, Big Spender syndrome – I’ve seen this in the consulting business. You get several contracts and are paid generous initialization fees and instead of treating the huge payments as part of your future cash flow or properly investing, you begin purchasing assets that suck up your cash. Create cash flow projections and don’t treat your business like your personal life. Start and grow LEAN.

3. Not taking your business seriously – A marketing expert once said “When you don’t have money all you’ve got is time.” Not knowing basic legal, financial and regulatory aspects in your business can cost you. Know your business and as’s tagline affirms “Handle your Business”.

4. Confusing your hobby for a business. – I talk about this a lot but it’s very true. Not that you shouldn’t turn your hobby into a business, but be sure points #1 & #3 are in-tact before doing so.

5. Hiring friends and family -- Like point #3, unless your business is a hobby, many of us actually want to obtain some financial security. While you CAN hire family and friends, do so ONLY if it makes good business sense. If you have a business need that your friend is more than capable of handling, great, but don’t try to fit a square peg into a round hole.

6. Not paying taxes or avoiding them -- Back to #3, understand the basic regulatory aspects about business. Make sure you pay your payroll taxes on time. If you can’t, consider getting out of business. Period.

7. Putting the cart before the horse – When you hire employees, remember as CEO you set the tone and pace for your company. The success or failure does not rest solely with the employees it’s with you. As with our bodies, everything starts with our brain. Even a strong healthy leg (employee) can give out if our nervous system (the CEO) isn’t functioning properly. If you’re dysfunctional so is your business.

8. Personal and business funds comingle – It’s very easy to look at your business as an inflated personal ATM machine when you’re doing well. This practice can get you in trouble. Especially reverting back to point #6. It’s difficult to truly see how your business is performing if there are many personal transactions in the way.

9. Over outsourcing – It’s great to outsource areas that can be done more efficiently and cost effectively by someone else, but there is a drawback. Over outsourcing can drain your cash flow and become counterproductive when you have limited money and resources to begin with. Take the time to come up with a plan and remember think “LEAN”.

10. Know your numbers – Quick tell me what’s your profit margin? COGS compared to your unit pricing? Payroll compared to revenue? EBIDTA? Quick Ratio? DSO? LMNOP? (last one was a joke) Point is these seemingly dubious terms actually can hold the key to your business success. Not knowing these and other financial indicators can leave you wondering “where’d the money go?”

This list can continue forever so you can add mine to your favorite top 10. The goal though is NOT to discourage you but as always to empower you if you see yourself within any of these points. The old school definition of an entrepreneur used to be one that takes risks. So continue to enjoy the risky ride. Just be it a well informed ride.

Be Empowered…

Katrina M. Harrell is a self-proclaimed “Proactive Bookkeeper” ,accountant and small business consultant in the Raleigh, North Carolina area. She is also CEO of YourSimple Bookkeeper, Inc. which provides virtual bookkeeping services to micro and small business across the country. She is also creator of YourSimple Bookkeeper in-a-Box™ which provides practical recordkeeping and bookkeeping guidance for micro business owners. Her blogs about small business, entrepreneurship and financial management can be found on or on her facebook fan page at

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Doing what is Good Part II

Okay so let us break this down so we can understand where we are and where we need to be in our businesses and our lives!

Titus 3

Doing What is Good

1Remind the people to be subject to rulers and authorities, to be obedient, to be ready to do whatever is good, 2to slander no one, to be peaceable and considerate, and to show true humility toward all men.

OK, this really means that you need to listen to your supervisors, abide by the law and respect each other. Stop acting like you don't know what to do in certain situations. Showing humilty means to be respectful of others regardless of how they treat you.

3At one time we too were foolish, disobedient, deceived and enslaved by all kinds of passions and pleasures. We lived in malice and envy, being hated and hating one another. 4But when the kindness and love of God our Savior appeared, 5he saved us, not because of righteous things we had done, but because of his mercy. He saved us through the washing of rebirth and renewal by the Holy Spirit, 6whom he poured out on us generously through Jesus Christ our Savior, 7so that, having been justified by his grace, we might become heirs having the hope of eternal life. 8This is a trustworthy saying. And I want you to stress these things, so that those who have trusted in God may be careful to devote themselves to doing what is good. These things are excellent and profitable for everyone.

There was a time when we didn't know any better. When we decided to get our lives right and come in right standing with God, He forgave us of all of our sins, washing us clean. So, with the Holy Spirit within us we have to walk the walk and talk the talk. What does that mean for business and life? It means that won't be lying or cheating customers. We will always have great customer service (no longer is GOOD an option) and we will continuously put God first so that HE gets the glory. (stop worrying about what you can get from God, you're already blessed so walk in that FIRST!) We also can't hate on another that may be in the same industry as ourselves. We must be fair cordial and not backbiting.

9But avoid foolish controversies and genealogies and arguments and quarrels about the law, because these are unprofitable and useless. 10Warn a divisive person once, and then warn him a second time. After that, have nothing to do with him. 11You may be sure that such a man is warped and sinful; he is self-condemned.

No need to keep sharing the same helpful information with a person. If they dont understand where they are NOT and you have tried over and over (twice), then leave it be. They will see, one day, that you were trying to steer them in the right direction. One thing we know, as business women, is, starting a business is not easy, marketing is not easy and getting funding sure is not easy!

Final Remarks

12As soon as I send Artemas or Tychicus to you, do your best to come to me at Nicopolis, because I have decided to winter there. 13Do everything you can to help Zenas the lawyer and Apollos on their way and see that they have everything they need. 14Our people must learn to devote themselves to doing what is good, in order that they may provide for daily necessities and not live unproductive lives.

15Everyone with me sends you greetings. Greet those who love us in the faith.
Grace be with you all.

Verse 14 is very essential here. It is the best bet of what is to come for your life. If you do what is good, not cheating the system or others around you, you will live a productive life. PRODUCTIVE LIFE. With a productive life comes a prosperous life. Everything has to be in the will of God...did you know that putting HIM directly in your life and your business gives you a running start over the women of the world?

Bless you business women...let's get it!!

Dana Marie

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Doing You In 2010

All year long I was thinking about my business and how I put myself in a box. I was feeling stuck in my business and felt like I should have been further along than I was, that's when I realized that I had put myself and my business in a box. I am out of the now and I want to share how I got of the box. I am not stuck anymore I am sure that my business will hit the goals that I have planned. I am offering a FREE CD, so if you are interested in getting unstuck you can get your copy by going to

I would like to wish you Much Success In 2010Audrey Bell-Kearney
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Note to Self - "09 Is Mine"

Out with the old and in with the new, a long lived tradition of many people across theworld. Every New Year many people start off with a resolution but even fewer gothrough with it. For some, the pressure of simply saying it gives them a feeling of dread.Why do that to yourself? Why not give yourself permission to succeed? So instead of along list of to-do’s, simply write yourself a note.You don’t have to start off with many notes. In fact give yourself permission to only havetwo or three notes at first. As you accomplish them, give yourself a new note. Make sureyou select the best stationary that you can afford at the time. As you grow, yourstationary may also reflect your growth.Sit down in a quite place and really think about what it is that you wish to accomplish. Besure to write down these important facts in the note:1. What to you wish to accomplish2. Why do you want to do this3. When is the accomplishment date4. Who will benefit from its completion5. Where will you be when it is doneEverything we do in life has a plan. Not doing anything with your life at all – that, is yourplan. If you are making $250,000 a year – that is your plan. No matter the day or time, besure that you are following a plan. So instead of making grand statements of what youwill do this year, start off with an achievable approach first. No more resolutions andlofty promises. Simply write a note to yourself. When you change your outlook andperception on life the things around you will reflect your positive affirmation and mentalattitude. You will change not only yourself but those around you.The way in which you go about life determines what you receive. Instead of saying, “Iwant to lose 20 pounds” without having a plan other than the phrase, “I will go on a diet”your success rate will be low. But stating that you will change your lifestyle by eatinghealthy foods and exercising by a certain date, you will get there. Maybe you wish tohave a make over. Select fashion that is appropriate for your body shape, age and place inlife. If you are striving to be an executive this year, dress the part. If you have a morelabor intensive job, get a more modern and fresh haircut.When you decide to act on a note to self, jot down the date you start, goal date andaccomplishment date in the corner as a visual. As you achieve each one, don’t throw itaway. Instead, keep it until the end of the year. From time to time, take a moment to lookat your notes and at all that you have accomplished. Being able to visualize youraccomplishments may be hard for some, so when you are able to look at your notes in aphysical form, you are now able to see what success looks like. When you are able to seewhat success looks like, you are able to see it more clearly each time you strive for the next goal.Be sure to reward yourself for each note completed. One way you can do this is to get acharm bracelet. Select a charm to add to the bracelet each time you are successful. Orderflowers for yourself and have them delivered to your job with a note that says I’m proudof you. This is another positive reaffirmation of your accomplishments.Your brain is your body’s computer. Inputting data is vital. The better the data, the betteryour reports and statistics will be. If you are putting in junk and visiting the wrongwebsite, don’t be surprised when you get a virus. Being around like-minded people isalso very important. If you have an issue with eating the proper foods, being aroundpeople who only eat junk food will not help you. Spending time with your friends wholove to eat fresh fruits and veggies, will give you a jump start on your note to self, eachtime. They will share with you bits of wisdom that they have gathered along the path ofhealthy eating, thus, changing your life, by touching those around them. There’s two oldexpression that come to mind – when you lay down with dogs you get flees and birds ofa feather flock together. Well, the same holds true in day-to-day life. Having a mentorand being around those that you wish to learn from is always a sign of a person whowishes to succeed.So as 2009 begins, begin your life on a positive note. Write down all the things that youare thankful for. You may be surprised at what you have accomplished already.
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