The most difficult thing to do is to be honest with yourself. You have to recognize when the quality of you product or service will not measure up to the market. At that point, you have to make changes.
Sometimes you will see things that are not good or correct, but you will ignore them. You’re […]
Last Sunday there was a piece in my local paper, The Milwaukee Journal Sentinel, which estimated that there are 500,000 Baby Boomers currently working in Southeastern Wisconsin. The piece was written by Sammis White a professor of urban planning at the University of Wisconsin - Milwaukee.
It’s major premise is that Boomers must be retained in […]
Taxes are a cost of doing business. You’re going to have to pay them or go to jail. As a matter of fact, if you find a business which has not been paying their taxes that is a warning sign of trouble. Taxes are one of the costs you as a small business person should […]
3 is the average numbers an owner operates a new small business before they take any money out for themselves. Can you go three years without an income? What can you do without? What can is an absolute must?
Well, you’re not going to have a social life because you’ll spend every spare waking minute on […]
My father told me that the second most expensive thing you can do in your life is to get married. The most expensive thing you can go is to get a divorce. If you’ve anywhere as long as I have you know this to be largely correct, though children are also expensive. You’ve seen friends divorce and […]
I’ve just spent a morning reading a series of articles from the likes of Money, Fortune, Smart Money and a number of other places about Boomers who have started their own businesses or bought one or picked up a franchise. Several things stood out.
First, none of the stories was about about someone who had failed […]
A big part of my start-up is the sale of yoga exercise videos (streaming video or DVD). Because this entire thing is to be the lowest possible marketing experiment, I’m the one doing the yoga on the video. From a marketing point of view having an old fart actually doing the workouts is a plus. […]
It’s a rainy weekend. My favorite music festival has been hampered extensively. Irish Fest in Milwaukee is the largest Celtic music festival in the world. It fantastic fun because the range and quality of artists is top notch.
A friend once told me that in this one weekend I could see two-thirds of all the acts […]
You know what they called a 401K when the .com bubble burst? A 201K. That was a little gallows humor.
Every investment category took a hit. Good investments took a hit because people needed to sell the good stuff to cover their losses and margin calls on the bad stuff. The bad stuff just got hammered […]
Today I consulted with an established mid-sized company. The Chief Financial Officer was in the meeting. For awhile we spoke about the nuts and bolts of what we thought this outfit had to do to improve their business. After about half an hour the CFO stopped and asked if what we wanted to do would save 20& […]
business advice for boomers
Written by Jean Murray [email] for b5media.
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