I’ve been exchanging e-mails with a few people about some ideas for new websites. Currently, there are 4 of these ideas that I would categorize as active – several exchanges of information per week on average. When looking at each idea, and how they differ from one another, I realized that there are some people [...]
Negative enforcement as a means of motivation is more likely to lead to high turnover than encouraging the desired behavior.
The past can come back to bless you, or haunt you. Without a crystal ball to predict when the past will return, you’re better off erring on the side of caution and always being ethical and upfront with your actions.
It’s been a little while since I’ve written. Today’s article is on two more quotes from Despair Inc. Consistency: It’s only a virtue if you’re not a screwup. (link here) Incompetence: When you earnestly believe you can compensate for a lack of skill by doubling your efforts, there’s no end to what you can’t do. [...]
In any company or business, there is a process for making decisions. It may not be a formal or rigid process, or perhaps not a very complex process, but it exists. For example, a decision to switch brands of coffee might be made by Joe, who is the one who stocks the kitchen. A decision [...]
Find a financial planner (try your bank, or ask friends for a recommendation) and ask them to help you with a financial plan. The sooner you do this, the easier it will be for you to implement your plan.
This is the realm of a Catch 22. In order for a business to grow, people need to know about it. However, if people know about your business before you have solidified your product, you may end up with negative publicity that will haunt you for a while. If you wait too long before making [...]
I have been reading over the last few days many articles on success, and a few on failure. In business, only a few will succeed, and it’s not always the individual with the best idea. For example, Starbucks succeeded in building a massive empire, but there are thousands of small coffee shops that did not [...]
Elie Kochman is the author of Advice for Small Business Owners and the founder of Optimal Upgrade Consulting. Using his experience working in the corporate world along with his exposure to the world of small businesses, he writes these articles to assist others avoiding common pitfalls of growing a business. His experience in the corporate world, building his own business, and working directly with other growing businesses has given him some perspective on the trials and pains of running a business.
