Entrepreneurial Journey

Leadership

Throw Out the "Golden Rule" to Lead With "Platinum"

Throw Out the "Golden Rule" to Lead With "Platinum"

by Skip Weisman

Since early childhood many children are taught to live life by certain foundational tenets. One of those, which usually stands out more than most, is called the "Golden Rule." When asked what the "Golden Rule" is almost everyone can recite, "do unto others as you would like done unto you," or in layman’s terms, "treat others as you would like to be treated." This approach may good advice in most...

Building A Business

Paying Yourself During the Startup Phase

You're likely working harder than you've ever worked

The Key to Paying Yourself as an Entrepreneur

Here's how to determine what you should pay yourself and when to give yourself a raise.

During the startup phase, it shouldn’t be surprising to find yourself asking, “Where’s my money?” over and over again. That’s because salary--or a lack thereof--is one of the main frustrations small-business owners experience during startup. You’re...

Financial Acumen

Creating an Exit Plan for Your Business

Is your business's exit plan sound?

The Need for a Sound Exit Plan

It is estimated that somewhere between 7-20 trillion dollars of value in businesses will change hands in the next 10-20 years. All business owners will exit their businesses at some time. The question is not "if" but "when" and on whose terms? Begin 2008 with a review of your "exit...

Decision-Making

Guide to Assessing Opportunity Costs

Assess Opportunity Costs Well and Lead Strongly

For Professional Women

In meetings, when someone refers to opportunity costs, attendees pay attention and engage with interest, as a careful assessment can usually make a difference, regardless of endeavor, between good and great. However, since opportunity costs are considerably speculative, the risk of tangential unproductive discussion is higher. 

With women either less comfortable getting to the point fast or being perceived as such (Gender and Modes of Communication, Barbara F. McManus, College of New Rochelle, 1999) w2wlink.com has developed a concise 5-Point Opportunity Cost Talk-Points...