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Archives: January 2006

People Are Your Most Important Asset

Posted by: Rod Kurtz on January 30

Don't settle for second best when hiring people to represent your business to customers. When you have a front-office opening, review the skills and personality needed for the job, take...

Your Four Mentoring Roles

Posted by: Rod Kurtz on January 27

As a business leader, you can play four active mentoring roles: formal mentor, informal mentor, mentee, and mentoring supporter. You probably know by now that you shouldn't be a formal...

Cover All the Bases

Posted by: Rod Kurtz on January 26

When contemplating and/or pursuing your entrepreneurial ambitions, there are a plethora of things to consider. The loan officer wants to see your business plan, the community wants to know how...

Firing Poor Performers

Posted by: Rod Kurtz on January 25

If an employee is terminated and sues for wrongful termination, an employer will need documentation as part of the legal defense to help show it did not act arbitrarily. Even...

Hiring the Best Candidates

Posted by: Rod Kurtz on January 24

Finding the time, money, and resources to train new employees can be a significant challenge. You want to find someone who can hit the ground running and do the work...

Using Academia to Help Your Business

Posted by: Rod Kurtz on January 23

Colleges and Universities can offer a treasure chest of knowledge to the savvy small business owner. Here are five ways to tap into that source: 1. Volunteer your company to...

Taking Your Small Business Online

Posted by: Rod Kurtz on January 20

Having a strong presence on the Internet is no longer optional for today's small businesses. Keep in mind the following as you strengthen your position on the World Wide Web:...

Meeting the Demand for Speed

Posted by: Rod Kurtz on January 19

In today's marketplace, it is often the swiftest competitor -- not necessarily the smartest -- that wins. Speed is increasingly of the essence, no matter what business you are in,...

Are Your Kids' Infected With "Affluenza"?

Posted by: Rod Kurtz on January 17

Many family business owners devoted long hours and tremendous energy to their companies to get them off the ground. They were frequently away on business trips, and they worked nights...

A Model for Succession

Posted by: Rod Kurtz on January 17

Successful next-generation leaders in the family business have to create new relationships with their parents that cannot naturally evolve out of the biological family. There are several factors involved: 1....

The Danger of Holding On Too Long

Posted by: Rod Kurtz on January 13

Many successful entrepreneurs are reluctant to let go of the businesses they started, but in holding on too long, senior-generation family members inadvertently damage the things they love the most:...

Small Businesses Run on Courage

Posted by: Rod Kurtz on January 12

Entrepreneurs must possess a set of core beliefs that cause them to conclude they're not engaged in risky businesses. First, they must adore the idea of being in control of...

Transition Is A Process, Not An Event!

Posted by: Rod Kurtz on January 11

Many family business owners think of transition as an event. They associate it with death, retirement, or some other form of departure from their companies. But that shouldn't be the...

The Benefits of Arbitration

Posted by: Rod Kurtz on January 10

Should you include an arbitration provision in a contract? If you include a contract clause requiring arbitration, then any disputes "arising under or relating to" the agreement will be arbitrated....

False Security About Assets

Posted by: Rod Kurtz on January 09

Don't assume that forming an LLC or corporation will always shield your personal assets. Even if you operate as a corporation or LLC, a creditor can still go after your...

Extreme Tension Relief

Posted by: Rod Kurtz on January 06

A simple way to relieve stress is to go to extremes. Exaggerate any tension you feel for 30 to 60 seconds. Make it worse. Then let go and relax. When...

Respect Your Web Site

Posted by: Rod Kurtz on January 05

Provide resources for future site maintenance. Your site can be your very best employee, and like an employee it should be monitored, reviewed, and invested in on a consistent basis...

Surviving a Business Slowdown

Posted by: Rod Kurtz on January 04

No one likes to think about a downturn in business. But if it happens, the sooner you see it coming, the better prepared you will be. Finances: Prepare monthly financial...

Small Business Loans & Grants

Posted by: Rod Kurtz on January 03

Keep in mind the following when looking for state and local funding options to help your business succeed: 1. Consider city, county, or state assistance programs for qualified small businesses....

Preparing to Take a Business Plan to the Bank

Posted by: Rod Kurtz on January 01

When you're ready to take your business plan to the bank to apply for a business loan, be prepared. Many people misunderstand what the bank can and can't do for...


Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

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