Hiring employees is, so (shall we say) 20th Century. Employees need health care, social security taxes, state unemployment, sick days, pension plan, life insurance, disability, occupational safety, and more. A well-trained and loyal workforce also creates huge fixed costs which you will have to meet every month before you can post a profit. Therefore, structure […]
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Read a brilliant blog by Marc Cuban about the state of higher education. Take it from an insider: you don’t have to go to college to be successful.
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Brad of InspiredConsciousLiving suggests keeping a “to don’t” list. What a great idea.
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What’s your goal? How can you measure progress towards meeting your goal? These are practical questions – not only does every business person need goals, but they also need to measure progress. I’ll give you a simple example. I’m blogging. My current goal is to get people to read my blog. I measure my performance […]
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Is it a business? Or is it a hobby?
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As an investor, should you reinvest dividends? There are several benefits to reinvesting dividends: avoiding commissions and fees on buying more stock; helping you to save money and reinvest it in your portfolio; encouraging you to reinvest money into the “winning” stocks that pay dividends. In short, unless you need the money for a more […]
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Dividends are distributions of profits to stockholders. Corporations pay dividends; dividends paid by partnerships and sole proprietorships are called “withdrawals” or “drawings.” “Dividends” generally refer to cash dividends, cash payments to stockholders as a distribution of their profits. After all, profits belong to the stockholders. “Stock dividends” actually refer to distributions of stock, when companies […]
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Revenues are inflows earned from your customers. The key factor to understanding revenues is understanding that you must earn them. To earn a revenue, you must provide whatever service or product it is that you provide to your customers. For example, if you sell yoga equipment through an e-commerce site, then you will earn revenues as […]
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Two inevitabilities in life: death and taxes.
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