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Last week, I accepted an invitation to speak at the Handcrafted Soapmakers Guild's 2009 Annual Conference of Handcrafted Soapmakers at the Miramonte Resort and Spa in Palm Springs, California. I am honored and excited, not only because my topic is "Become the News You Want to Be," but also because I get to work with my photographer/videographer husband and co-business and home leader to create another fantastic promotional video for the organization. Here's the one we did earlier this year at their conference in Vermont.

The Soap Guild is an institution in the world of soapmaking. Everyone who makes soap should be a part of the Soap Guild. The people are warm, smart and fun. You'll learn a lot and you'll have a great time growing your business around like-minded people who understand how exciting it is to stand over a pot of water, oil and lye, and watch them slowly transform into a household product that you can use yourself, give away as gifts or even better, sell at a profit. Today, I want you to get to know the Handcrafted Soapmakers Guild.

10 Interesting Things About the Handcrafted Soapmakers Guild

1. The Soap Guild Was Founded by Barbara Bobo.

Barbara Bobo was the first (and one of the only) handmade soapmaker to be featured in the pages of Martha Stewart Living Magazine. As the owner of Woodspirits, one of the nation's first soapers to have soaps in stores nationwide, Barbara Bobo is an entrepreneurial institution. When I spoke with Barbara last year, she told me that she and her husband had semi-retired to their Canadian cottage where she's enjoying her hobbies of knitting and bouncing grandchildren on her knees. She is the President Emeritus of the Soap Guild. Wherever you are Barbara, we thank you for what your vision has produced!

2. I Was Registered to Attend the First Soap Guild "Conference".

Back when I had a "real" job, I registered to attend the first Soap Guild conference in the Paris, Ohio, in Barbara Bobo's back yard. Two days before the event, I had to fill in for an attorney in a court case. Just my luck. I wasn't in Ohio physically, but I was there in spirit. I have always been proud that my name is listed on the little tri-fold brochure as an attendee at the Soap Guild's first "conference."

3. The Soap Guild Gives Away Spatulas.

When you arrive at the conference registration desk, you are given a huge goodie bag. As it turns out, this is reason enough to come to the conference. You also get a folder containing important papers and a spatula. At the annual meeting, you vote with your spatula. It's hilarious to see a bunch of mostly women from all walks of life discussing business and voting on serious issues -- using huge spatulas.

So if you need a new spatula, there's another reason to come to the conference.

4. The Soap Guild Knows How to Host a Conference.

I already said how great it is to be a member of the Soap Guild, and it's true that there's lots of business inspiration. But I have to say that another reason to connect with them is that you get a discount on one of the most exciting conferences ever.

The Soap Guild conference is not a "gathering." (Not that there's anything wrong with gatherings.) It's a conference in every sense of the word. This year, Elvis was there as you can see from the video. Next year, a great comedy line up is planned as part of a Renaissance Carnival, which will hosted by my friends and longtime Indie Beauty Network members Dennis and Kayla Fioravanti of Essential Wholesale.

5. Marie Gale Rocks.

Marie is the president of the Soap Guild. She's also a the owner of Chandler's Soap, a member of IBN and a wonderful example of how to lead a non-profit trade organization. I have often gone into Soap Guild meetings with the expectation that I will see a true leader run a business meeting using Robert's Rules of Order like nobody's business. Marie never disappoints.

Marie has an uncanny ability to stay focused in the midst of chaos. Once at a Soap Guild meeting, the conversation was getting out of hand. After a while, we all heard the voice of Marie roping everyone back to the crux of the matter and announcing that there was no time for extracurricular chatter. She used her Mother Voice. We all sat at attention. And that was that.

Meet Marie and the Soap Guild's current Board of Directors here.

6. Soap Guild Conferences Are Organized.

Have you ever been to a conference run by amateurs? You get there and your name tag is not alphabetized or they had to find you a place to sit at the awards dinner because the volunteer ran out of place cards? Well, that won't happen at the Soap Guild Conference.

First of all, it's organized by Leigh O'Donnell, a soapmaker who is blessed with incredible administrative gifts. Leigh has become a professional event planner (in my eyes) simply through on the job planning of Soap Guild conferences. She coordinates volunteers and motivates each one to work the conference as if they are being paid a million dollars. They are dedicated, helpful and they even wear coordinated uniforms so you can easily spot them and get the help you need no matter where you are in the hotel.

Leigh, can you come help me organize my life?

7. The 2009 Conference Will Be in Palm Springs, California at the Miramonte Resort and Spa.

And so, that's all I have to say about that.

8. The Soap Guild Just Started Twittering.

OK, so you know I can barely do a blog post anymore without mentioning Twitter. Through the Supreme Organizer of the Universe, Leigh O'Donnell, the Soap Guild showed up at Twitter a few weeks ago gathering followers and generally Twittering about how they were working to get the best speakers possible for the conference. Within a matter of about 5 days, they had filled the speaker rostrum with other Tweeters.

Ahem. Do you need to join Twitter?

9. The Soap Guild Donates Soap.

Every year, the Soap Guild conference includes a contest to determine the best soaps in a variety of categories -- best in show, best packaging, best swirl, best fragrance, etc. Each year, they connect with a women's shelter or similar organization in the city where the conference is hosted to donate soaps and other personal care items for their residents. A representative from the shelter is on hand at the awards dinner to accept a donation of all of the soaps in the contest, plus other products donated by members throughout the organization. How cool is that?

I think I'll make some soap next year to donate. On second thought, better leave that to the people who make it more and way better than me. Wouldn't want to give Palm Springs the wrong idea about me and all. (That is to say, I love making soap but my spatula's a little rusty since young kids and the Indie Beauty Network keep me pretty busy. Are those acceptable excuses not to make soap? Be kind when you answer.)

10. One of the Soap Guild's Most Treasured Members is Sister Cathleen Marie Timberlake.

A soapmaking nun, yes. Only at the Soap Guild. Sister Cathleen Marie is a member of the Benedictine Sisters of Perpetual Adoration in Clyde, Missouri. In addition to a life of prayer and devotion to God, Sister Cathleen Marie makes and sells handmade soap at Monastery Creations. If that's not the darnedest thing, you know? Check out my video interview of Sister Cathleen.

So that's 10 interesting things about the Handcrafted Soapmakers Guild.

What about you?

Do you know anything about the Handcrafted Soapmakers Guild and their annual conference? Do you agree that it's wonderful and that Palm Springs can't get here fast enough? Please tell us what you think in the comments section below.

To get to know more fun people regularly, subscribe to Indie Business Blog today.

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You Owe It to Your Business to Enter!

In late 2002, I received a phone call from someone saying they wanted to nominate me as one of the US Small Business Administration's Home-Based Business Advocate of the Year. I had only been leading the Indie Beauty Network for two years at the time, and I wondered why anyone would consider me a worthy candidate for an award. I answered her questions and submitted a package of information by the deadline. A few months later, I was walking (really, waddling since I was several months pregnant at the time) across a stage accepting the award for the SBA Washington, DC office Home-Based Business Advocate of the Year.

Working_at_computer

Through that experience, I learned that, no matter how unqualified you think you may be for an award or honor, you have nothing to lose by applying for it anyway and putting your best foot forward. In fact, one could say you owe it to your business to give it your best shot. And like they say, there's no time like the present, right?

So, here's your chance. StartupNation is now accepting nominations for their annual Home-Based 100 Competition. Why don't you enter??! There are 10 categories:

You must submit nominations and votes by midnight on September 30. I know tons of great Indie Business owners out there working from home, and so many of you qualify to win this competition. So why not enter today??!

And if you've already entered, please let us know in the comment section below so we can check out your entry and perhaps vote for you!

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Making Love and Money

Before You Work With Your Spouse

As many of you know, I work with my spouse. He's my high school sweetheart, the father of my offspring, a photographer, a super quiet loner type guy and a rabid Washington Redskins and USC Trojans fan. We don't do everything together. In fact, we do a lot separately. And it's a good thing too since our road to Indie Business ownership has not been altogether smooth. But we share common goals. So whether together or separately, our activities generally support those goals, one of which is to have fun as we provide for ourselves and our two children. Emergency funds, college savings, dance costumes, mortgage, our daily bread. You know the drill.

Wedding_couple_hands

Most couples have the same goals as we do, and there are lots of ways to achieve those shared goals, the most common of which is via a traditional full-time job that matches your talents, educational background, skill sets and interests to a particular job description. If you land the job, you work for a third party, earn a regular pay check, make some new business friends and hopefully enjoy health benefits and opportunities for personal and professional growth. That's great, but for some of us, a regular job is not all it's cracked up to be. Long rush hour commutes, dwindling family time, day care hassles, latch key kids, sick kid nightmares, etc. So what do we do?

We create ways to make a living without the limitations so often imposed by a traditional job. We use technology. We resurrect talents and gifts we forgot we had. We wear many hats and make it up as we go along. This is easier said than done, but frankly, with the Internet, it's not nearly has difficult as it used to be.

The New Family Business

More and more, I'm meeting parents who want desperately to work from home, especially while their children are young. I'm also meeting married empty nesters who, after years of working a traditional job, want to make money together from home.

Single parents (dads and moms) are also demonstrating exceptional creativity when it comes to finding ways to generate income without having to rely solely on child support checks or secure jobs, which, these days are harder to find than a controversy-free Republican vice presidential candidate. (Sorry, couldn't help it.)

For those of you who are married (or similarly attached) with children, or married empty nesters, you may be seriously considering starting a business with your spouse. If so, you may think your biggest question is, "What can we do to make money?"

That's a good question, and one you obviously have to answer. But other questions are far more important. After all, you can always find a way to make money, even if it means having a job you hate.

No, before you go into business with your spouse, you have to ask a much bigger (and harder) question: "Can we successfully make love and money together without ripping each other and/or our business to shreds?" OK,maybe somewhat exaggerated (for some people, it's not), but you get the point.

I've been studying this issue for years, both up close and personal in my own family and by watching others. I've noticed that, time and time again, certain issues present themselves as the most challenging. They are also the most difficult to handle because they are not a lot of fun to address.

My goal with this post is to highlight some of the questions to ask and answer before going into business with your mate. I hope you avoid some of the same problems that I and others have dealt with.

1. Do I Trust Him*?

Kayla Fioravanti is co-owner of Essential Wholesale, an Oregon-based company with 30 employees and well over a million dollars in annual revenues. I asked Kayla why she said she "loved" working with her husband in their family business. I asked her to go beyond the obvious, that it's convenient, fun, great for the kids, etc.

Kayla answered, "Because I know I can trust my husband to lead the company in a direction that's good for our business and our family."

So there it is. Trust. Personal and business trust. It's at the core of everything, isn't it? You've got to be able to answer the question whether or not you trust your partner both personally and professionally before you go into business with him.

Be honest on this one because, frankly, if you don't trust on all levels, a business venture will be risky on all levels. Don't set yourself up for failure. You'll take enough risks in business. Don't make this one of them. If you don't trust him, work on the relationship and address business options when the timing is better.

2. Is She Responsible?

Look at her FICO score, all 3 credit reports, car payment history, college track record, etc. Are her bills paid on time? Did he graduate on time? Does he diligently work to complete work-related projects on time? No? Find out why. If the explanation satisfies you, great. But still insist on a plan to correct past mistakes and turn over a new leaf. Hold her accountable to stick with the plan for a significant period of time before starting a business together.

If the explanations don't satisfy you, keep your day job.

3. Is She Established Career-Wise?

If you and your spouse are already established career-wise, it is a plus. Whether it's as a fast food restaurant night manager or a stock broker with a fancy corner office, an established and consistent career path is a sign of a person's ability to thrive in the business world and will help both of you feel confident and empowered as you hang out your joint shingle.

It will also helps prevent feelings of inequality. If you have a long career as a corporate muckety muck and your spouse has a long career as an award winning street sweeper, that's one thing. But if you had the muckety muck career and your spouse has hated his job for years and was never recognized for his contributions, you may be headed for trouble.

Discuss how prior employment and business experiences may affect your ability to jointly approach a new business venture. Acknowledge baggage and put it in a proper context before moving forward with a business.

4. Is He Confident?

If your spouse walks with hunched shoulders, feels inferior because she can't lose the baby weight or is terrified of speaking a word in public without thinking everyone is looking at her overbite, don't print up the business cards yet. If a person doesn't not feel confident within herself, it's highly unlikely that she will feel differently about her business. This can spell disaster, especially if you expect her to fulfill a social role in the venture.

We all have fears and insecurities. But if they are paralyzing, they will quickly become liabilities for the business. Acknowledge lack of confidence up front and figure out in advance how to deal with it in the business. It must be exposed, acknowledged and minimized so it does not handicap your chances of success. You'll regret it otherwise.

5. Is She Personable?

This is kind of like getting along well with others, squared. Last Friday, my husband went to a networking group meeting. He thought I'd like it, so he called me and told me I should join him there, and to bring business cards. So I dropped everything and headed over, cards in hand. I was greeted at the door by someone who said, "Your husband's here. He's great."

I proceeded to enter a room where everyone already like me. And my business. How cool is that?

A likable personality is a huge plus. It doesn't mean that a person has to be gregarious, the life of the party, or even particularly outgoing. (My husband is none of those things by nature.) What it does mean is that, whether it's a good day or a bad day, he can adjust how he interacts with others for the good of your business (which is ultimately of course, for the good of your family).

6. Does He Appreciate Social Media?

Any business that does not appreciate the power of social media is going to either die or simply never get started. I. Am. So. Not. Exaggerating.

If you consider MySpace an invaluable part of your marketing repertoire but your spouse thinks it's only for teenagers and predators, or if you feel it's important to blog 3 times a week but your beloved thinks it's a total time waster, you have a problem. A big one.

Inquire about the social media your spouse is involved in. None? Might want to find out why that is, and then consider carefully before going into business with her.

7. Can He Multi-Task?

How many things can your spouse do at once? Can he brew coffee, take a business call, look for a lost sneaker and monitor Twitter at the same time? I'm not saying that life is like that 24/7, but if you own a business and are also managing a home (again, especially if that includes the "pitter patter"), both of you simply must be able to do more than one thing at a time.

I remember once, we were in the midst of a very hectic day. Two kids under the age of 4, moving to a new home 600 miles away, saying good bye to family and running the business without taking a day off. It was really hard, but because we could multi-task (and because we clearly outlined who was responsible for what), we made it through.

Embrace multi-tasking as a way of life and don't let anyone tell you there's any such thing as balance. By the way, we also have part-time nanny and babysitting help with our kids. So even though we multi-task, we don't have a coronary trying to do everything ourselves. Ask for help when you need it. Even if you have to pay for it. Help. It's a good thing.

8. Is She Fair and Compromising?

Lisa Rodgers of Cactus & Ivy sells natural spa and body products from her studio in South Carolina. She told me that she is glad she doesn't work with her husband because "we nearly killed each other building our house." Lisa also told me that she loves her husband more than anything. But having said that, all couples have to consider whether working together in a high stress environment is something the relationship can withstand for many years.

Jamyla Bennu of Oyin Handmade in Baltimore, Maryland says that she and her husband successfully work together in their bath and body care products business, thanks to what Jamyla calls a "comfortable pattern of division of labor for household duties according to proclivity and skill." Sound fancy? She clarified: she does most of the cooking, he does most of the cleaning.

When it comes to business, Jamyla says that the patterns established in their personal relationship form the basis for a healthy business working relationship. She puts is like this: "We put the shorthand of our personal relationship to work in our business to help us us communicate and come to a decision about every issue." Fairness is important Jamyla says, to keep any one spouse from becoming overwhelmed.

I have experienced the importance of fairness first hand, especially where our children are concerned. My piece of advice in this area is simple: you are in for trouble if either of you has uncontrolled selfish tendencies when it comes to juggling business and young children.

I can't tell you the number of times we have dealt with this issue. We share a common goal of getting our kids to bed by 8:00pm, but what does that mean? After dinner, I wash dishes while he bathes, reads stories and tucks in on one night, and we switch the next? Sounds good, yes?

But what if on my night to do specific kid-relatedthings, a prospective client calls and wants answers to final questions that only I can answer, and he wants them before signing the lucrative new contract. Now. Hmmm, what to do? Should the person best suited to negotiate the contract do so while the other person takes over parent duties -- even if it means changing the prearranged set up?

Or should we keep to the set up and risk losing the client?

There is no right or wrong answer here. The fact is that, each situation has to be addressed on its own merits. You will make snap decisions like this constantly if you work together. You will have to change quickly, be flexible and sometimes sacrifice your personal desires for the benefit of the business and the family.

Yes, it can get complicated. Unless you and your spouse share a sense of fairness and flexibility where your shared goals are concerned, you'll be at each others throats when you should be enjoying precious family time and creating a strong and long-lasting business legacy.

Like Lisa Rodgers says, building a house is one thing. It's intense and frustrating, and you have to be flexible, patient and compromising when it comes to everything from paint color to the type of kitchen counter tops you get. But when you're building a house, there's a completion date and you both know the pain will be over soon.

In business, it's different. You have to compromise forever. If you don't, the end that may be in sight for your business and your relationship. And you do have to choose sometimes. For an honest discussion of why it is that entrepreneurship spells the end for so many marriages, enjoy my Indie Business Radio Show interview with SBTV host and author of The Girl's Guide to Building a Million-Dollar Business, Susan Wilson Solovik.

9. Can She Set Boundaries?

Karen Thomas, an Indie Business owner who asked me not to use her name, told me, "My marriage ended in part because I worked with my husband. Disaster without any boundaries."

Sad but true that some people end up choosing or being forced to choose between the business and the relationship. Regardless of what you may think of that from a moral, ethical or social perspective, it is what it is. To avoid this as much as possible, it's important that both of you be able to set boundaries. Someone's got to be able to step in, with regard to any given situation, and say, "We have to draw the line here."

Michele Keiper of bath and beauty products manufacturer Flower Peddler experienced first-hand the need for boundaries when her husband worked in her company for a short time after he was laid off his job. Michele says it became important early on that they respect each others different work management styles, backgrounds and personalities. Says Michele, "My husband is an engineer so each decision is analyzed and reanalyzed before anything happens. To me, it is a painfully slow process. My Type A personality assesses a situation quickly, makes a decision and gets it done fast and at full throttle."

Michele is quick to point out that neither style is better, it's just different from the other one. She says that they matched their styles with tasks to get the job done. Michele stresses the importance of implementing boundaries around work time and couple time. She says that the experience of working together (which they don't anymore since her husband is employed elsewhere in his field) made them a stronger couple, and gave him a better understanding and respect for what Michele does.

Each person must commit to a specific job description and set of boundaries that do not change. In this way, you and your spouse know exactly what's expected of you, and don't disregard boundaries or fail to fulfill expectations without talking it over with the other person.

(For a detailed look at how one couple draws these boundaries, enjoy my online newsletter interview with Karen and Erik. The couple sold their business, but the tips they provided for successfully working together are priceless.)

10. Is She Forgiving?

When I asked Maggie Hanus, who co-manages with her husband the suburban Austin-based A Wild Soap Bar, what has made her business successful, she said, "My husband and I would have killed each other a long time ago without forgiveness." Maggie would know too, because in addition to A Wild Soap Bar, she and her husband also co-own a landscaping business. He does the labor, she keeps the books.

While neither Maggie nor I are likely to star in an episode of Snapped, the fact is that co-managing a business with anyone will inevitably include disagreements. People will make mistakes, sometimes extremely stupid ones. People will drop balls, become grumpy and irritable, forget to go to the grocery store before it closes and just generally drive you nuts. If you or you spouse are the type to rub in every fault, wallow in imperfection (yours or the other person's) and are just generally unable to forgive and (most of the time) forget, you are in for a bumpy road.

And lest we forget, Maggie reminds us of the importance of a good sense of humor. "There aren't too many situations that a good belly laugh won't improve," she reminds us.

If you think holding a grudge can destroy a personal relationship, it can be just as bad in a business relationship. If he screws up at home today, you have to forgive that. Otherwise, come Monday morning, you will come to the staff meeting with a nasty attitude. You've got to address the point of contention quickly and honestly, ensuring some accountability of course, but still moving on to tackle the tasks at hand.

There's One More Thing

There is this one last thing that I feel constrained to address. It's a touchy issue, but it is a very common one, and unfortunately, one that is not commonly openly addressed.

Sometimes, a significant other finds it difficult to handle the other partner's autonomy and/or business success. There can be millions of reasons for this, but whatever they are, this, perhaps more than anything else, is an almost insurmountable barrier to Indie Family Business success.

If you feel even the slightest bit of controlling behavior, put on the brakes. What do I mean? Let me be blunt. If your partner wants to own and control everything simply because she wants to be in control or pursue a selfish power trip, bow out now. He may not admit it, you know? But we all know it when we see it.

Address this issue openly and honestly. If both of you can't do that, don't prepare your resignation letter. For more information on how to address other issues, enjoy my interview on Indie Business Radio with psychologist and author of Entrepreneurial Couples, Dr. Kathy Marshack.

What about you?

Let me just say to anyone who has read this far (and thanks, because it's a lot of reading!), over here at Indie Business Headquarters, we do not have it all together. But we have experienced all of these issues (and more) so we feel that we can help others.

Our goal is not to share how perfect we are (and those of you who know us personally can attest to that), but to help others avoid some of the problems we wish people had told us about before we went into business together.

Still thinking of going into business with your spouse? Consider printing out this list and using it as a starting point for discussion. (And feel free to forward it to any friends you know who could use it.) If you can't share openly about everything listed here -- the good and the bad -- my suggestion is to put business partnership off until you can.

Business is Hard Enough Without Sabotaging Yourself From the Beginning

There's no way to know in advance whether a business will succeed. There's no way to know in advance if a relationship will succeed. But you can go into each with clear and honest expectations on both sides. That alone will help maximize your chances of success at both ends of the spectrum.

What do you think? Tell us about the business you have with a spouse or significant other. What tips can you offer to help the rest of us? Feel free to leave your comments below.

Related Posts

The New Family Business: 9 Reasons Why Home-Based Business Ownership Works
How to Hire a Family Helper
Raising Kids and Profits: 7 Parenting Skills to Make Your Business Successful
The Family That Grinds Together Binds Together
Family Second, Yet Still First
Family First

*For easy of reading, "she," "he," "him" and "her" are used interchangeably throughout this post.

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Boyz in the Fam

Who Stole My Hair, Makeup and Teleprompter??!

I recently invested in a laptop with a webcam. I didn't know it was there until I got it and my husband noticed it. Since I'm married to a professional photographer and videographer, I am used to spending most of my time in front of the camera. With a teleprompter. And with hair and makeup. And it's always a much better camera than this one, as you know if you've enjoyed any of the other videos at this blog. But since I have the most fun when I'm laughing at myself, I thought I'd share this quick glimpse into early morning life in the Indie Business household. I'm nuts, I know.

What do you think? Is this the best break you've had all day from the politics-heavy stuff you're seeing on everyone else's blog today?! Enjoy!

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Utterz: Weekly Indie Business Events

I recently discovered a wonderful new tool called Utterz. It allows you to easily record short audio messages to people in your circle of influence. You can also add video. I tried it for the first time this morning and am hoping to make it a regular part of my week. My goal is to provide another way for me to connect with you and let you know what's on the radio show, what's new in the newsletter, where I'll be traveling, etc. Click the orange button with the arrow to enjoy my first Utter!

Mobile post sent by indiebusiness using Utterz. reply-count Replies. mp3

What do you think? Is this useful? Should I keep uttering?Please post your feedback in the comments section below.

To enjoy more of my Utterz and get Indie business tips, subscribe to Indie Business Blog today. I'd love to get to know you better and know that you're coming back for more!

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How I'm Preparing My Kids For Indie Business Ownership

Yesterday, I Twittered about my 4-year old son scrambling his own eggs. A few people thought that was a little young. I used to think so, but now that I have children, I am constantly amazed at the things they can do when we give them a chance. A few private conversations started on the topic so I thought I'd share my motivation for making sure my kids, ages 4 and 6, learn good home management skills while they are young. As you can see, that includes doing some of their own laundry.

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But first, I have to tell you about my homeschooling mom friend and mother of 3 boys, Beverly Lucas. Beverly and I have known each other since 1998. At one time, we met by phone on Monday mornings to encourage each other and talk about the week ahead. Toward the end of our time together, every Monday, her boys knocked on her bedroom door and I heard them say, "Mom, we finished our chores. Is there anything else we can do for you?"

Her oldest son was 6 at the time.

I was astonished. Did they even make kids like that anymore? Of course, as a mom now, I know that kids like that aren't made. They're trained.

Over the years, I have looked to Beverly for all kinds of mom encouragement and parenting advice One of the things Beverly helped me do is start teaching my kids solid home management skills as soon as they could walk. I have been amazed at the things they can do, even starting as young as 2 years old.

Like transferring trash from a small trash can into a bigger one, putting their plates on the counter after they finish a meal, sweeping the floor and picking out clean underwear from a pile of laundry and putting it away. These are things a child can do at a very young age. I would never have known had Beverly not taught me.

It's a challenge, I admit. I can sweep the floor much faster and better than my 6-year old daughter. Instead of asking my 4-year old son to take out the recyclables, I or my husband could do it. I could also sort all of the laundry in less than half the time it takes them to do it. I let them do it, and takes much longer. But I do it because I want my kids to have more than just book smarts.

Home Management Skills Are Easily Transferred To Business

I know lots of grown folks with plenty of book smarts, who are incapable of managing a home. I don't want that for my children, and I don't want it for my future kid-in-laws either. My friends and I laugh when I say that I don't want some sad new bride calling me up in the middle of the night in 20 years, complaining that the man I raised can't scramble her an egg. But I digress.

Because I tend to be on the impatient side, it can be painful to supervise my childrens' chore progress. My son always walks through the pile of trash my daughter is sweeping, inevitably starting a fight. He also hates making two trips to do anything, so becomes especially frustrated when he can't carry all of the recyclables at one time. And I'll never forget the time when me and his sister were busy cleaning up the kitchen, and when I reminded him he was supposed to be helping, he said, "But it's just not fun enough for me." (By the way, that was the last time his father ever left me and his daughter in the kitchen to clean it up by ourselves. Sorry, hon. I have to tell it like it is.)

When they load the dishwasher, I always have to go back and re-load it (without them knowing) so more dishes can be washed at one time.

All the while, I praise their achievements, keeping my eye on the ultimate prize of children who are equipped to be leaders in a 21st century world that will not be nearly as welcoming as the 20th century one in which I came of age.

They'll need more than a good resume, a good education and a few summers of volunteer work. They'll need skills. They'll need to demonstrate multi-tasking abilities and be able to engage in quick deductive reasoning under pressure.

And whether or not they have a traditional job, they will need to have at least one income stream of their very own. They will need to be Indie, so their father and I work hard to ensure that they master both home management and business ownership skills.

Three guiding principles help us do it.

1. Home Management First, Then Business Management

When you're Indie, especially if you're also a mom like me, your heart must be in your home first. That doesn't mean that I always choose giving a bath over signing a speaking contract, but it does mean that I check my heart daily to make sure that my home has first place.

Sometimes, this is a tough juggling act. I have to admit that it's often made easier by the fact that my husband is here with me all day and we can trade off on work and business. But as in most homes in America, I am the one managing the home day to day. I decide where and how the money will be spent and I make most of the scheduling decisions. I want both of my children, not just my daughter, to be able to do that when the time comes. I want both of them to be capable of leading a home and a business. And I want them to understand that, if home and family don't come first, then ultimately there may be little to show for your efforts as a business owner.

2. You Get Paid For Business Management, Not For Home Management

Most families these days have some kind of small business at home. When my kids were just 2, they started emptying the trash in the home office for a quarter. This money goes into their money jar right away. I make the chores age appropriate, but remember that they don't really have to accomplish much to teach the lesson.

If my son empties a trash can with 2 sheets of balled up paper in it, or my daughter does something as simple as wipe off the window sills or put all the pens in the pen holder, they still get paid. This teaches them that they have to work for money. If you connect the task to your business, it also teaches them a little about entrepreneurship. (You may also be able to deduct these payments on your taxes. Check with an accountant first.)

We do not compensate our children for doing chores around the house, because life doesn't work that way. Chores are a part of your contribution to the family. Mommy doesn't get paid for sorting the laundry, and neither will you.

But mommy does get paid in her business, and you can too.

3. Because I Said So

Not enough parents say that these days. At ages 4 and 6, my kids are too young to understand everything their father and I have to deal with as we co-lead our home. Yes, you have to clean up your room to my satisfaction before you go outside to play, and yes, the reason is because I said so. I don't have to make my son understand that taking care of his home before he plays with his friends builds character and instills responsibility. He doesn't care anyway at age 4. All he wants to do is ride his bike.

But he can understand unwelcome consequences if he doesn't do what I say he needs to do. That may sound strict and I suppose it is. But we feel that it prepares him for a life where each day starts at zero, and where he and he alone is responsible for whether or not he makes any money.

There will come a time when he will be able to comprehend the big picture. But for now, go take care of business. And yes, because I said so.

My children will not have the job options I had when I finished college and law school. They won't be able to rely as much as I did on a good resume to launch their parachute. They'll need good home management skills.

If you can manage a home, you can do anything, right?!!

What say you?

I'm sure you have some good tips to share to help me and others do a better job of preparing our kids for Indie Business ownership. Please share yours in the comments section below.

For more inspiring tips for home managers and business owners, subscribe to Indie Business Blog today. I'd love to get to know you better and know that you're coming back for more!

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It Takes a Global Twitter Village

A Call To Twitter Action

In her book, It Takes A Village and Other Lessons Children Teach Us, Senator Hillary Clinton stressed the importance of a group approach to child rearing. She reminded us that, while a family is a distinct unit, each one forms a part of a whole, and that, when an individual unit is lifted, the entire group rises. While Clinton's message was specific to children and families, it also applies when it comes to Indie Business owners.

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This was brought home to me in a real way last Saturday when a member of the Indie Beauty Network emailed me in great distress. She's married and the mother of young children. Tina (not her real name) had emailed me several months ago to share that she and her husband were going through counseling in an effort to save their marriage. Things were on a good track for a while, but as of last Saturday, they had fallen apart.

Touching Through Technology

Tina reached out through email to me, a fellow sojourner, a part of her village. A part of her tribe. I responded to her email immediately: "Call me." She did, and while I could not solve her problems or go through her pain for her, I lifted her up and prayed with her because she was open to that. I also reminded her of her intelligence (she has a master's degree), capabilities (her business is going well and she's also home schooling) and encouraged her as a fellow Indie and mother. I reminded her that she is fully equipped to rear her children as a single mom if that is what she is called upon to do.

Like most other Indies, Tina runs her business from her home. She is also a home schooling mom in a community where separation and divorce are taboo subjects. As Tina put it, "Everything is supposed to be perfect." Tina felt especially isolated because she realized that, for years, she had pretended that everything was perfect. Now that she was accepting the fact that things weren't perfect, she was at a loss, afraid for herself and afraid that her children might be unfairly treated once their friends found out that they no longer lived with their father.

Could Twitter Make a Difference?

As Tina and I talked, I pondered the enormous potential of social media in her situation. I found myself suggesting that she join me at Twitter and meet up with some other home schooling mom Indie Business owners who could encourage her and lift her up. Tina is not ready for that yet. But I have seen the power of Twitter and other social media outlets when it comes to building up the global village of women, men and families who are managing homes and businesses at the same time.

I think Tina is a bit skeptical of Twitter and social media in general. I was too. Weren't you? Did you think that anyone who you didn't already know would care one iota how you answered the question, "What are you doing?" Did you think that your life was boring and that strangers couldn't possibly be intrigued enough to read about how you feel from moment to moment throughout the day as you tend to your home and your family simultanously?

How many of you, like me, just didn't get it at first?

Reach Out And Tweet Someone

Tina doesn't yet know about the women I met a few days ago over at Twittermoms. She doesn't know that there's a huge and growing community of Indie Beauty Network members and other Indie Business owners gathering every moring to start the day, discuss breaking news, take their kids to the dentist and do all the things that must be done in order to manage home and a business, without compromising either.

Each One Tweet One

Each of us can pay our social media successes forward by reaching out to at least one or two new people every week. Will you put Tina on your list today? Will you help me tell her about the power of social media? About people like you who are poised to connect and share?

Will you leave a comment below so Tina can know that you are an Indie Business owner on Twitter. Maybe you even home school. Maybe you can tell her that, divorced or not, she's welcome in our community. Please leave your Twitter link so Tina and all of us can connect with you more easily and perhaps even follow you.

And Tina, if you're reading this, there's a wide world out there ready to embrace you and your family and encourage all of you to be your best.

For more inspiring tips for Indies, home managers and business owners, subscribe to Indie Business Blog today. I'd love to get to know you better and know that you're coming back for more!

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Why I "Support" Sarah Palin

From One Career Mom To Another, You Go Girl!

The news has been out for over a week now. The shock is starting to wear off. But the insults continue, and I guess that's OK. That's how it is in politics. Yet I feel constrained to put my .02 cents in on the topic of Republican Vice Presidential Candidate Sarah Palin, and not about her politics either. In fact, I know little about her political views except that she's against abortion, that she favors drilling in Alaska and that she doesn't seem to be particularly pro-small business. I don't like that.

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Not only that, I think she took lousy, repulsive, cheap, underhanded and unprofessional shots at Democratic Presidential Candidate Barack Obama, in particular by characterizing his community organizing work as anything less than a valuable and noble example of what all Americans should do. I don't like that either.

Having said all that, regardless of our political differences, I have a lot in common with Sarah Palin. We are both married to our high school sweethearts. We are both professional career women. We are both mothers of very young children. We have a loyal group of family members and girlfriends who have our back no matter what we say or do, win or lose.

And we love our families and our careers, and are determined to serve both well, simultaneously, in a world that makes it nearly impossible to do so.

I am weary of the editorials by other mothers criticizing Palin for returning to work 3 days after her child was born. When my first child was born, I scheduled an inducement so I could maintain my business and not miss publication of my weekly newsletter. I took pain killers, did not give birth in a pool and ended up having a Cesarean. And not only that, I gave an interview to a newspaper on a business related topic within 24 hours of giving birth. (Made some money as a result too.) I even gave the reporter my cell phone number so I could call her back quickly if she called while I was delivering my daughter.

Other mothers would not have made the same choices. And I took some heat for my choices, even to the point of being criticized for them on a television show once last year.

And so I support Sarah Palin for doing what she thinks is best for her life, at this time in her life.

At the end of the day, as mothers, that's all we can all do. Instead of criticizing her family choices, let's be collectively grateful that we live in a country where she has them in the first place. That, in America, a married woman can chose to: run for public office, wear whatever clothes she wants, have a career of her own, own businesses in her own name and purchase real estate without her husband's permission.

Sarah, if it was right for you and your family for you to return to work 72 hours after your child was born, then you just go sister. 72 hours after mine was born, I was sitting at my desk revising my website and learning how to breastfeed at the same time. Why? Because I felt my newborn needed the benefits of both my breast milk and my business acumen in order to have the best life possible.

I believe that a rising tide lifts all ships. And regardless of my political views where she's concerned, Sarah Palin's nomination, especially when coupled with how far Hillary Clinton came on the Democratic ticket this year, is a rising tide for women and mothers from all walks of life.

I don't have to agree with another professional mother's choices to celebrate the fact that she has them.

And regardless of the political differences I have with Sarah Palin, I'm going to ride her wave.

What do you think?

Other moms? Dads? Indie Business owners? What do you say?

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I am fascinated by attorneys like me who pursue non-traditional career paths. One such person is Tax Girl. Her blog is funny and interesting. Subscribe to it so you can learn stuff you need to know about taxes. Tax Girl has a category at her blog called Getting To Know You. Since I can't think of a better title for this category at my blog, I'm borrowing Tax Girl's.

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In my Getting To Know You column, I'm going to share with you ten interesting things about someone I know personally and professionally. Let's begin. My first Getting To Know You column features Jamila White. That's me and Jamila in a photo taken by fellow Indie and IBN member Anne-Marie Faiola while we were on Capitol Hill earlier this month with Lela Barker and Kayla Fioravanti.

10 Interesting Things About Jamila White

1. Jamila and I Once Lived in the Same Town. Jamila and I lived in the same town (Bowie, Maryland) for years before we met through the Indie Beauty Network in December 2005. At the time, I was head of the Bowie (Maryland) Chamber of Commerce's small business committee, responsible for finding speakers to deliver luncheon presentations on topics of interest to small businesses. We met in person when Jamila accepted my invitation to speak on the topic of e-commerce.

2. Jamila Makes a Good TV Show Guest. After that, Jamila accepted an invitation to be a guest on my local cable television show, the Lifestyle CEO Show. Then, I found out we were sorors, members of Delta Sigma Theta Sorority, Inc. By now, Jamila is getting really cool.

3. Jamila Likes Pizza. When I moved from Bowie to Charlotte in August 2006, Jamila came to my farewell pizza party. My house was empty except for a few tables and chairs. We ate pizza and chatted about what a shame it was that we lived so close for so long and were only just then sharing a pizza.

4. Jamila and I Launched a Blog Together. After talking it over with my brother (who is normally really smart but thought it was a lousy idea), I called Jamila in November 2007 and invited her to join me in launching a blog called Bootstrap Babes. Jamila was skeptical at first, but eventually, decided she was as crazy as I was to take on a new project. Within 3 months, were were interviewed for a feature in Entrepreneur Magazine, which came out this month. Read all about it at Bootstrap Babes.

5. Jamila's Sister is in the Media. Not that Jamila needs any help, but hey, it's nice to know someone with a blood relative who produces television shows. I'm always available, just in case you're wondering.

6. Jamila's Mother Lives in Vermont. I spoke on a panel and produced a promotional video at the Handcrafted Soap Maker's Guild conference in Vermont this past April. It was tons of fun. There is a law in Vermont that makes it a crime to disrobe in public. That's no surprise.

But did you know that, in Vermont, it's not illegal to walk around town naked so long as you leave your house that way? I think Jamila's mom must be at least as interesting as her daughter to live in a state with a law like that.

7. Jamila Has 3,497 and 1/2 Businesses. Well, not really, but you know. She's the E-Commerce Diva, a Bootstrap Babe and the brains behind j.blossom. She's got other stuff going on too, but a blog post can only be so long. Besides, she's hosting a free blogging seminar tonight and you need to go sign up.

(Yes, Jamila is also one of my Media Partners (see all Media Partners listed at left). Yes, this is a shameless plug for her blogging seminar. Yes, it's a good blogging seminar even though this is a shameless plug. Yes, you should attend.)

8. Jamila Has Cool Hair. Natural and un-chemical. Just the way I like it.

9. Jamila Stormed Capitol Hill With Me Earlier This Month. Jamila likes to talk. This was a good thing since we were dealing with politicians while we were there. I think a future career for Jamila includes public service. Isn't it fun to tell your friends what you think they should do?

10. When Jamila Opened Her Store, She Forgot Her Camera. Jamila always forgets her camera, so when she had a grand opening for her j.blossom store in 2006, she didn't have a camera. So if you're going someplace you know Jamila will be, please take your camera, snap a picture of the two of you together and send it to Jamila. You'll have a fun memory, and help a fellow Indie. And Jamila will use the photo to plug your business. Yes, she's that cool.

So, that's 10 interesting things about Jamila.

What about you?

Do you know Jamila? Do you agree that she is as interesting as I think she is? Please tell us something interesting about Jamila in the comments section below.

To get to know more fun people regularly, subscribe to Indie Business Blog today.

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Happy Indie Business Day!

I know it's Independence Day, and I'm not unpatriotic. However, in the spirit of people who sailed around the world in hopes of discovering new and unchartered territory, not that I agree with everything they did once they got here, I applaud their "indiependence," by naming this day "Indie Business Day."

I encourage everyone to do at least one thing today to declare their indiependence from relying solely on traditional means of employment to secure their well-being, by taking the "I Am Indie Business Pledge.""I Am Indie Business" PledgeFrom this day forward, I declare my vigilant and lifelong commitment to maximize my personal and financial potential through Indie Business ownership. To this end, I pledge the following:1. I will use my talents and gifts to provide valuable products and services, and sell them at a fair profit to a specifically defined customer base.2. I will spend conservatively and invest wisely so I can use my business as a wealth building tool.3. I will proactively manage my business by minimizing the use of credit and maintaining indiependence from control by any third parties.4. I will use technology to maximize the earning potential of my business.5. I will commit to investing a portion of my profits in retirement accounts and college savings plans for my children and/or young family members.6. I will positively impact my family legacy by empowering my children and other family members to use their talents and gifts to generate income so they need not be solely dependent on a traditional job to secure their future.7. I will actively support and encouarge other families to start and manage profitable businesses so they can enjoy the freedom and flexibility that comes with owning your own business.8. I will develop relationships with business colleagues and the media in order to spread the word about the benefits of my products and services.9. I will serve my customers with integrity, dignity, fairness and honesty.10. I will give of my time, talent and money to help strengthen my community and make the world a better place.It's not a perfect place, this country we live in. But here we are. May God bless America. Not that we deserve it all the time. But if we always got what we deserved, perhaps none of us would be here, huh?Now off to the Indie Business Day Parade in the booming metropolis of Waxhaw, North Carolina.Did you take the "I Am Indie Business" Pledge? If so, inspire us! Leave a comment with your thoughts on the significance of your pledge. And don't forget to include your blog or website link!To enjoy more Indie, all the time, subscribe to Indie Business Blog today.
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Collaborate Or Die!

Partnering: Your Recipe For SuccessI've always been a social butterfly. I love meeting new people, and when I connect with someone with whom I have a lot in common, I can chat them up for hours.The other day, my Pastor (with whom I have also been friends for 20 years so we chat quite a bit) forwarded me an email message from someone he thought I'd love to meet. He knows me so well .... Two days later, yesterday, my husband and I were sitting across a lunch table from a man named John Easton (http://www.eastonsweb.com).John and I have a lot in common. Not only are we both parents and entrepreneurs, but we love to spin around new ideas and concepts. Over lunch, John, my husband and I shared ideas, hopes, dreams, philosophies, success stories and failures. We only reluctantly dragged ourselves away when it was time to pick our kids up from school!!Lunch with John reminded me of the importance of collaborating and partnering with others. There are formal ways to do this, such as when you enter into a formal partnership or joint venture arrangement with another company. In those cases, every t has to be crossed and every i dotted because how the expenses and profits will be distributed must be addressed in a formal sense.But you can also partner in informal ways, and this what John and I have decided to do. We are working towards starting a bloggers network in Charlotte, NC. We have both experienced the power of blogging and what it can do for your business first-hand. John calls himself a "blogging evangelist." We are going to find a place to host the first meeting, put together an agenda and contact our NC blogging community (including a popular radio talk show host who just launched a blog through his NPR syndicated talk show -- always good to invite the press to your event!) and see what happens.Our goals?1. Gain positive exposure for our businesses, and perhaps new clients.2. Expose our activities to members of the press.3. Stir up the blogging community to new heights and new opportunities.4. Have a few refreshments, take some pictures and have fun!It's not formal, it took a few minutes to dream up and the possibilities are endless for our business and personal lives.What about you?Have you collaborated with anyone lately? There may be some people right here in this group who are in your hometown. The virtual world is great, but remember to reach out and touch people physically too. The physical and virtual worlds must intersect in your business if you are to have maximum impact.For more small business success tips, click and subscribe to http://www.indiebusinessblog.com.
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The New Family Business

Nine Reasons Why Home-Based Business Ownership Works For ParentsSo you’re a parent, or thinking about becoming one. No matter what your background or walk of life, you are probably dealing with the question of combining parenting with holding down a job outside the home. If you ponder these things, you are not alone. I wondered the same things as a new bride in 2000.My husband and I wanted a family, yet his job as a camera man on ABC's Nightline required him to work from late in the afternoon to long past midnight. I worked like crazy from morning until after the dinner hour at a Washington, DC law firm. We had a fantastic combined income, yet we knew that it would be impossible to have a child with our schedules and the stress caused by our jobs.I took action by starting a business from home. For the first year, I worked part-time for $500 a month at a small law firm while my husband covered all of our bills, so I could transition out of financial heaven. I delivered our first child in October 2001, and by January 2002, I was sitting in my home office nursing my baby while drafting up my next online newsletter. (Here's one of the more humorous editions, published a few months after she was born.)It's not always easy to simultaneously work from home and manage the home too, but then, parenting is never easy. And neither is making a living. But when you work and parent from the same location, the two tasks are combined in a way that makes it sensible to do both.Here are 7 reasons home-based business ownership can work for you and your family.1. Your Heart In Your HomeIf you're like me, you know that parenthood is not just something we do to populate the world or create little clones of ourselves. Parenthood is a calling. An irresistible leaning that leads to a commitment of your time, talent and resources to accomplish a specific goal.If you are called to parenting, then you want to do everything you can do pursue that calling as successfully as possible. Home-based business ownership allows you to earn a living in a way that acknowledges and facilitates your ability to put your home first.2. AvailabilityWhen you have children, especially when they are young, being at home allows you to put their needs first, not only emotionally but also physically. That's impossible when you are someplace else all day. It's hard to put your home first when you're sitting in rush hour traffic thinking about how someone else is curling up with your infant or watching your toddler take her first steps.3. FlexibilityLets face it, parenting requires flexibility. One minute, everyone is healthy and the next, sniffles abound -- and at midnight no less! Parenting requires you to turn around on a dime, go with the flow and change plans quickly. If you have to check in with a boss and a few co-workers every time your child has a fever or your spouse goes away on a business trip, it's hard to be flexible.Having a business at home allows you to create your schedule based on the needs of everyone in the family, not worrying about the schedule of those outside your home.4. Environmental BenefitsWorking at home facilitates an environmentally friendly lifestyle. Reducing your automobile emissions is a great way to start living a more earth-friendly lifestyle, yet people who work outside the home usually have no control over the distance between home and work. It can take up to an hour during rush hour to travel a distance that would otherwise take 15 or 20 minutes. Being at home for work eliminates your contribution to the toxins caused by so many cars on the road. It also shows your children how your choices are actually helping to care for the environment.5. Economic BenefitsIf you don't drive as much, you save money on gas -- and who doesn't need to do that these days? You also save money in other ways: dry cleaning, suits, fast food and more. Plus, the tax benefits to a family with a business that takes the deductions it is entitled to are too many to name.6. Unlimited Personal PotentialWhen you control the pace of your career advancement, the sky is the limit. Take Indie Beauty Network member Lela Barker, owner of Bella Lucce in South Carolina, for example. Six years ago, she was a single mom with no job and no place to live. She moved into her mother's basement with her daughters and started whipping up sugar scrub.Recently, corporate revenues passed the million dollar mark. The growth has caused her to move production to a facility, but she's still close to both home and her daughter's schools. Lela travels the globe working with some of the world's most luxurious spas and hotel chains to develop upscale products. She schedules everything around her children and husband. Her potential as a business woman is unlimited, yet her heart remains in her home first. This sets an excellent example for her girls and for other young people watching her success.7. Entrepreneurial and Life EducationThis morning, before my husband took our 4-year old son went to school, my son and I took a look at the family business bank statement. I showed him the "plus" and "minus" signs so he could see for himself the connection between money coming in and money going out, and how that translates into food on the dinner table and additional Spiderman paraphernalia.He doesn't understand the details, but he gets the gist of it: mom and dad work together to generate the cash needed to provide for him and his sister. This is just a small sampling of how we use our business to teach our kids crucial life skills they will need in the future.8. RelationalLet's face it, keeping a marriage together is a challenge. When you work with your spouse, the challenges are compounded. Not only do you have to make things work personally, you also have to make them work professionally. When your marriage and your profession are interdependent upon one another in this way, special mountains need to be climbed.But as Indie Beauty Network member Maggie Hanus of a Wild Soap Bar in Texas says, "The family that grinds together also binds together."I have found this to be true, as the business gives me and my husband one more significant reason to work out any personal differences we may have (and we do have them), and this benefits everyone.9. FunIt's fun to work from home and make a living at the same time! We make up our own days. Sometimes, we just get up and go swimming or for a walk. We can pack up the Blackberry or laptop (or not ...) and take the day off at the zoo or to another fun location. We can work all night and play all day if we want to.I sometimes have neighbors, some of whom also work from home, over during the day for a meal. It's a fun way to socialize that doesn't happen in too many neighborhoods any more.What about you?Are you a parent who works from home? How is it working for you? Tips to offer? Or maybe you're a parent trying to figure out how you can make the transition I did, so you can enjoy the benefits of working from home and owning your own brand too. Let me know if you're out there! If there's enough of you, I'll put together a free seminar just for you!
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A Frugal Mindset Is Money In the BankFor Indies, financial success is about stretching every penny to cover as much as possible, both on the home front and the business front. Frugal principles are not complicated, but because they intersect with our emotional connection to money, they can be difficult to implement.Growing up, my parents taught me very little about money. In my years as a corporate attorney, money flowed freely from my employer's account to mine, and then on to fabulous vacations, expensive dinners out, trendy clothes and extravagant gifts. Until I became a small business owner, I was never really concerned with the fact that, at some point, money actually runs out.Fast forward to 2000, when I started this business and officially enrolled in my first semester at the School of Financial Hard Knocks. Since then, I have taken small steps every year to keep more of the money I make. I do this by minimizing credit card use, couponing like nobody's business and keeping track of every penny.Every time I get a dollar, I do one of four specific things with it: spend it, save it, invest it or donate it. Whatever I do, I have to fit it into one of those categories and I am very intentional about doing so. I make it a point to improve my financial habits every day so I never return to my oblivious days of spending without thinking.Since I work with lots of people who are trying to make a success of small business, but who have not developed a frugal mindset, I turned to personal financial representative and fellow Indie Chris Buford to tell me 3 things Indie Business owners must do in order to turn from their spendthrift ways.1. Squeeze Out Every Tax Deduction. Chris says that the corporate tax rate is one of the highest tax rates there is, considering that income, property and capital gains are all heavily taxed. "The best way to offset these taxes is to squeeze out every possible business deduction you can find," say Chris.My accountant, Robin Herrick, CPA, PA, agrees. She makes sure every single business expense is properly identified and accounted for. In this way, not even a small deduction slips through the cracks.2. Ditch "Extra Money" Thinking. It's human nature to think that, when we come into some unexpected cash, it's "extra money," and we are free to run out and spend it on some short term fulfillment. This mindset is encouraged by the messages we get daily now, to take our tax rebate checks to the nearest department or home improvement store and spend spend spend.Chris says that's a decidedly bad idea. "Whether it's a stimulus check or a tax refund, any unexpected cash should be used to get a long term return, either by investing the money or using it to pay down debt." This is especially true if the money is a tax refund. "It's already your money, which the government kept all year long and interest free," he says. Debt directly inhibits the creation of wealth, says Chris, so it's especially important to eliminate it.3. Cut Costs. With fuel and food costs rising, people are spending less. "This means that small business owners must cut back without compromising the integrity of goods and services," says Chris.Of course saving wherever and whenever you can should be the goal all year every year, not just in a down economy. "Outsourcing things you don't have to do yourself, cutting down on overnight shipments, cutting down on hours of operation and anything to save resources must be implemented," says Chris.So there you have it, a sort of Indie Business Mantra. Every day, repeat after me.What are my tax deductions today?There's no such thing as "extra money."How can I accomplish this goal for less?What about you?Do you have some savvy small business financial advice to offer, or a money mantra that works for you? If so, please share it in the comments section below.About ChrisChris Buford is a personal financial representative with Allstate. He is a husband, father of 3 and seasoned real estate investor who helps families and small businesses expand their personal and business portfolios by implementing specific strategies to achieve their financial goals.For more small business money tips, subscribe to Indie Business Blog today.Related PostsThe Best Credit CardFive Ways to Recession-Proof Your BusinessAsk Not What the Economy Can Do For You
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