Tips for Small Businesses

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Life Comes Full Circle

Date: April 27, 2015

hand-giving-coin-other-personOne of my daughter’s favorite songs when she was younger was called, “Magic Penny”.  It’s about giving out your love, and one of the verses states:

It’s just like a magic penny,
Hold it tight and you won’t have any.
Lend it, spend it, and you’ll have so many

The concept behind sharing the magic penny applies to so many things:  love, money, time, resources, etc. I’ve noticed that is the common trait shared by my most successful peers and mentors. Without exception, they are all very generous with their time, money, contacts and energy, and they ask nothing in return.

When you are willing to give generously of yourself, life has a way of repaying you in ways that you would never imagine. The energy of the universe always comes full circle. However, energy works in both directions.  When people take a short-term view of the world and are focused on what is in it for them, it may provide some short-term benefits, but it will not play out well in the long term.

I was reminded of this short-term view recently from an email exchange that a friend of mine shared. My friend had received an email from a friend who wanted to introduce him to a guy he thought would be a great fit for his company. He was excited about the introduction until he read the last sentence of the email, “If it works out, we’ll figure out my compensation later.”

The request for compensation was both unexpected and the epitome of such a short-term approach to life. I knew the person who wanted to make the introduction was going through some tough times, but as the saying goes, “Challenges do not create character, they reveal it.” I believe you learn the most about people when things are the most difficult. Can you be at your best when things are the worst?  Can you be generous when money is tight?  Can you give time when you have little to give?

The irony of the situation was that the meeting between my friend and “the great fit” never ended up happening. However, the fact that the introduction was contingent upon compensation changed his perception of that person forever.

It’s just like a magic penny,” Hold it tight and you won’t have any.  Lend it, spend it and you’ll have so many.”

Follow me on Twitter: @EricRemer1

Reads of the Week – April 24th

Date: April 24, 2015

We know you’re busy, so we pulled together the most interesting reads of the week for topics affecting small business owners including an update on Mobile-geddon, Facebook, and Small Business Week.

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How to Get a Chip-and-PIN Credit Card for Your Small Business

Date: April 21, 2015

If your small business having a "Chip-and-PIN" enabled credit card is no big deal. If you or your staff need to travel internationally—even if just to Canada—you may run into problems. While most major tourist destinations will not only support…

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Paying it Forward

Date: April 20, 2015

I left the office Friday evening in a really great mood. We had just ended a great March which finished a fantastic first quarter. I was on the phone with one of my board members discussing some really exciting growth opportunities when my car was hi…

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Reads of the Week – April 17

Date: April 17, 2015

We know you’re busy, so we pulled together the most interesting reads of the week from pre-hire testing, to the most clever new products for spring, to a smart pillow that improves your sleep.

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5 Ways to Make Tax Season Easier Next Year

Date: April 15, 2015

Today is Tax Day. If you have already filed your business and personal tax returns, congratulations! If you are one of the almost 12 million people who file an extension -- get back to work if you owe money, as you will still need to pay about 90% of…

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Non-Bank Options for Small Business Loans

Date: April 14, 2015

Consider these alternatives to traditional bank and SBA loans if your business is new, your credit isn’t stellar, and/or you need a very short-term loan.

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Life is All About the Moments

Date: April 13, 2015

I was in Santa Monica last weekend enjoying spring break with my daughter. While we were hanging out at the pool, I overheard the conversation next to me. OK, I was eaves dropping, but we were actually in the hot tub, so it was tough not to listen in…

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Reads of the Week – April 10th

Date: April 10, 2015

We know you’re busy, so we pulled together the most interesting reads of the week for topics affecting small business owners including tax deductions, social media lessons, and getting a website for your business.

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Two Free iPad Apps from Adobe for Creating Video Presentations, plus Android and Desktop Alternatives

Date: April 07, 2015

There was a time when visually stunning, interactive marketing materials with cinema-quality animation, studio-recorded music, and professional photography were exclusively available to large companies with seemingly bottomless budgets. Happily, tha…

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