By David Nilssen, CEO & Co-founder of Guidant Financial
The work/life balance topic is always a hot one with entrepreneurs–especially today when Smartphones keep us connected at all times. Now more than ever, professionals are faced with the impossible challenge of cultivating a healthy personal life while striving to reach their entrepreneurial goals.
As “chief cook and bottle washer,” America’s small business owner has enough on its plate. Tax time only increases the workload as many frantically pull together their financial records so that they can maximize their deductions. While I’m not a tax professional (this is my disclaimer that this is for educational purposes and to not misconstrue this as advice) my company has worked with over 8,000 entrepreneurs and I’ve noticed common mistakes that many small business owners make in regards to their financials.
Intelligent business owners recognize that their most important asset is their team. Your team is the face of your company to the customer and the ambassadors of your brand.
Here are four important things to consider when hiring your staff:
Hire, train and fire based on your values. Once you establish the values of your organization, it’s important that those hired actually live and demonstrate those values. If they can’t, won’t or don’t—move ‘em on out. They could be an amazing fit for another business and won’t undermine the type of culture you want. Continue reading →
While most people think of fitness goals when making their New Year’s resolutions, it’s also smart to get your personal and business financial documents in shape. After the holiday season is out of the way, it seems like tax time is right around the corner for your small business. It’s never too early to start getting your documents in order in case you want to buy a business or recapitalize your existing one. Continue reading →
Before you make the leap into business ownership, it’s a good idea to ask yourself some tough questions to make sure you’re up to the job:
1) Are you self-motivated?
2) Are you organized?
3) Are you proficient in finance, accounting, sales, marketing and customer service?
4) Are you willing to put your business first?
If your answer to any of these questions is a firm “no” you may want to re-think your plans for entrepreneurship. If not; keep in mind there is more to starting a business than enjoying the excitement and joy of potential success. Continue reading →
Today we’re featuring a special guest post from our friends at Guidant Financial! It’s one thing to dream of being your own boss but another completely to put it into action by becoming a business owner. Only problem from there on out is determining whether you’re better suited for a lifestyle as an entrepreneur or not. CEO and co-founder David Nilssen has the 3 questions you need to ask to see if the entrepreneurial road is the right one for you!
1. Is your environment influencing you positively or negatively?
Sometimes when you dream big, there are people in your life waiting in the wings to tell you that “you can’t do that,” or that your idea “will never work.” You may not be able to control what people in your life say or feel, but you can control how you react to their negativity. You can choose to ignore their comments, which have the power to erode your self-esteem, and continue on with your pursuit. Their energy will only become valid if you allow for it to influence you. Continue reading →