Smart Money Habits BlogSmall Business

You Need to Do This Before Opening a Business

It’s hard to imagine now, but in 1998, there were no major retailers selling shoes online. The prevailing belief was people won’t buy shoes they haven’t tried on. Zappos.com founder Nick Swinmurn thought otherwise. Armed with a statistic that 5% of all shoes were sold from mail order catalogs, Swinmurn approached venture capitalists with his […]

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As a Business Owner, Are You Getting Enough Sleep?

Working long hours is sometimes necessary, but it is not a badge of honor. You might think the key to success is working more and sleeping less. You might think it’s the small price all business owners must pay, but a Stanford study provided evidence that there’s little benefit to working excessively long hours at […]

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Here’s Where to Find Free (or Low-Cost) Expert Advice for Your Small Business

There are three reasons entrepreneurs don’t seek professional help: they don’t know it’s available, they assume it’s not needed, or they think it’s too expensive. All three of these are wrong. We all need help, and asking for it reveals strength, not weakness. According to a Harvard study, people who seek advice appear more competent […]

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You Are Up To The Challenge

It’s the single best thing that I’ve ever done.  —Mikael Lindnord There was something bigger . . . than winning.  —Staffan Björklund I’d forgive you if you thought those quotes were referring to a small business. They’re not. They’re about the 2014 Adventure Racing World Championship, a grueling 435-mile race that reached 15,000 feet in […]

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Should You Hire an Employee You’ll Never Meet Face-to-Face?

Outsourcing isn’t just for corporations anymore. With modern technology, it has never been easier for small businesses to hire skilled workers from around the world. They’re called virtual assistants and these work-from-home employees can fill small gaps in your workflow without the expense of full-time help. How? You pay only for time spent on projects. […]

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Make Excellence a Business Habit

In only ten minutes of watching this video, I went from laughing so hard I was almost crying, to holding back tears because the message was so heartfelt. No exaggeration, pinky swear. This was my response to Dr. Rick Rigsby’s commencement speech about making a positive impact on the world. It’s so good, I’ve now […]

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Alexa for Business: Is it Ready for Your Office?

The hands of an entrepreneur are often as tired and calloused as the hands of a laborer because we have our hands in everything. This is why the promise of hands-free technology is so appealing. And since many of us are already using Amazon Echo in our home, which allows us to check the morning […]

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Is My Small Business Suffering From ADD?

You’re probably an accountant, marketer, purchaser, HR director, salesman, maintenance worker, CEO and every other possible role in between. It’s true: every small business owner wears too many hats. Full email inboxes taunt you, phone calls pull at you, customers glare at you. As much as you want to do it all, chances are some […]

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Should I Hire a Relative?

You may not be able to choose your relatives, but thank heavens, you can choose your employees. The question is, should you choose to hire a relative? Imagine if I told you there’s a potential job candidate out there who requires no background check, no references, no interview, and you already know they are reliable […]

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When You Put People First, Profits Will Follow

There are few words that strike more fear in business owners than recession.  But one of those more frightening words, for both employees and compassionate leaders, is layoffs. Bob Chapman, CEO of the manufacturing company Barry-Wehmiller, faced both of those terrible words daily in 2009 as the financial crisis was beginning to wreak havoc on […]

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