In times of economic crisis, many businesses find themselves facing the possibility of layoffs. They reason that the majority of their expenditures are in payroll, so logically, payroll should be the first area to face reductions. There are, however, hidden costs to layoffs, including severance packages and potential legal fees, as well as the future […]
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Saving Money on Office Supplies
Companies are always searching for ways to save money, but drastic cost cutting measures should never be your first course of action. Instead, look to the little things to see how your business can become more financially responsible. Obviously, rationing pencils is not going single-handedly bring your business out of debt, but you’d be surprised […]
Creating a Positive Partnership Experience
Partnerships between businesses have the potential to be remarkably effective business ventures. However, if conditions aren’t right for a partnership, the agreement could not only fail to be mutually beneficial, but could also develop into something mutually destructive. There are some characteristics that are common among most successful partnerships, though, so if you’re considering a […]
When You Encounter the Feeling of “Been There, Done That” as an Entrepreneur
During the fourth stage of emotions that experts say most new entrepreneurs experience, you will adjust to having become used to your role as a business owner. As this happens, most entrepreneurs redefine themselves and their lives in terms of their business, and they accept that their company will be a part of their lives […]
Self-Doubt and Other Emotional Phases of Entrepreneurship
The third stage of emotions experts say most entrepreneurs experience during their business startup mirrors the first stage and the second stage in many ways in that there are both positive and negative moments. There are a number of negative emotions you can expect, but there are also many effective ways to cope with these […]
Finding Success in a Well Balanced Life
Throughout my life, I’ve met many workaholics and seen many cases of work burnout. I’ve seen men who have exhibited very successful careers but who have pursued fame and glory at the cost of neglecting their own health and families. As women move increasingly into the limelight, inevitably more women will also fall prey to […]
The Second Thoughts Phase of Entrepreneurial Emotions
Starting a business is a serious undertaking, but that doesn’t mean that it has to be a negative experience. The process of breaking out on your own is certainly a life-changing decision, and like any such decision, it will have its ups and downs. If you know what to expect, though, you can help to […]
The Emotions of Entrepreneurship: The Busy Phase
Starting your own business is one of the most emotional things you can do in your career. The ups and downs of such an undertaking can be astounding, and the emotions involved in a startup can test the commitment and resolve of even the most stubborn of entrepreneurs. Entrepreneurial experts claim that there are four […]
Coming to Terms With Money as an Entrepreneur
When it comes to starting a business, it’s hard to deny that money is one of the most important factors on most entrepreneurs’ minds. There are numerous other factors that impact an individual’s decision to start their own business, of course, such as the desire for independence and growth, but the question of money is […]
Why Is College So Expensive?
Current and prospective college students might not fully understand just how much a college degree is going to cost them, but recent college graduates sure do. According to recent studies, the average student graduates with about $24,000 dollars worth of student loan debt, and Americans are now in more debt due to student loans than […]
