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Our resource hub for the latest news and helpful tips.
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Many small business owners think that if their business is a home business or a small business that they don’t need a real business plan. After all, they think I am not going to get a business loan, so why do I need to do all that planning? For starters, if you want to succeed, and you want it to be repeatable, and you want to avoid the potential for burnout, you must develop a business plan. A business plan will help you structure, run, and grow your business realistically and sustainably. And guess what? Creating a business plan isn’t even hard to do. Let’s learn how to make a one-page business plan for your home or small business right now.
Burnout often happens when we end up disillusioned by something we are doing. Even if you love what you do, burnout can still happen. Most of the time, burnout is related to a feeling of mental and physical exhaustion and being unable to do all that you need to do to get to a place of rest.
Burnout is often mistaken for being overworked, burning the candle at both ends, all work no play, you get the idea. And while yes, all those can and will lead to burnout, it’s also important to know there are other factors such as hating your job, your situation, or not getting the support or appreciation you need from others. The thing is burnout can be prevented if you know what to watch for and what to avoid.
If you own or manage a small team, create a workflow to accommodate for time off. Here are a few tips for filling in when a key player is on vacation, or is suddenly away.
The mini-habit is the power of small changes. It’s taking the premise that doing a whole lot of small things will eventually add up to something amazing. Think, for example, of what would happen if you only read a couple of news articles every day? Before you know it, you’d have accomplished the goal of becoming more informed, and would be better able to handle discussions about current events.
It’s that time of year when everyone is talking about their vacation, where they’re going, or have been, how great it was to unplug and unwind. But for many entrepreneurs, vacations are just arm-chair dreams. Oftentimes a small business owner has way too much work on their plate, seemingly never-ending tasks. Who has time to take a vacation?
Last year I gave you tips for working at home, something many were not accustomed to and definitely not prepared for. It was a temporary situation, or so we thought, and we can accept short-term change. However, many are still working remotely, some started their own work-from-home business, and others, like Julia K. have been placed in a permanent remote location as many businesses have found the true benefits of virtual offices, but many of the employees don’t share the same optimism.
Could You Be A Workaholic? I always knew I was a workaholic. Both my parents are Type-A personalities and I suspect, workaholics, so I come by it honestly. Today is National Workaholics day, so I thought I would dig into the phenomenon a little more, and was surprised to see it is a treatable condition! …
Chances are that sooner or later you’ll face some sort of a disaster that will leave you without power, and hinder your access to purchase necessary supplies. It could be a natural disaster like a hurricane, snowstorm, flood, tornado, or earthquake. It could be a manmade disaster that has the power grid failing or requires you to stay put in your home such as the COVID-19 pandemic. No matter what strikes, you can lessen the personal impact by preparing for disasters most likely to occur in your area.
Every business must figure out how they plan to keep track of income and expenses and set up benchmarks for planning purposes. The poster child for automation is business finances. Think about it, most of your business finance tasks are recurring and rarely change, making it perfect for automation!
The first thing to think about when you seek to make your days more manageable and more effective is the parts of your small business, the anatomy.
Being an efficient decision-maker can often make the difference in missed opportunities. You have to be decisive, and often you have to make quick decisions, but you want to be sure you are making the best choice. So how do you make quicker and quicker and better decisions? How do you become more accurate and effective at making decisions when it counts?
Do you rush to file your tax returns as soon as possible? Do you gather all your documentation and stand at the IRS virtual door on opening day? As with everything, filing early has its pros and cons, but is filing early really a good idea?? Like many things in life, the answer is, “It depends.”
Not every situation is conducive to filing early. Filing for an extension and putting it off as long as possible may make more sense for some filers. Read on to learn the good, the bad, and sometimes the downright ugly of filing early and why waiting might be best.
Feelings of dread and the tax season seem to go hand in hand. Preparing ahead of time for the filing of your income taxes can reduce your stress. At least you won’t have to go hunting at the last minute for your documents.