Every year around April 15th, many new entrepreneurs receive shocking and unexpected news from their tax preparer. They owe a lot more tax than they have cash available. Why does this happen? When you receive a paycheck, taxes are withheld automatically, but as an entrepreneur you are paid a gross amount of money without accounting for taxes. The IRS wants […]

After recognition that you have started a business, the second business tip I would share with a new entrepreneur is to “Separate your business and personal funds.” When businesses start, many people begin depositing business income into their personal checking account. Further, they often start paying business expenses and personal expenses all from the same account. This causes many problems. […]

The first tip I have for startup businesses is to “Recognize when you’ve become a business.” My youngest daughter didn’t intend to start a business when she began posting social media videos. As millions viewed her videos, suddenly money was deposited into her account for becoming a “social media influencer.” It was time for her to recognize that she had […]

In this series, we are looking at five traits common to successful entrepreneurs. Today’s trait is Loving Accountability. Holding ourselves and our partners accountable is essential in launching a startup business. Successful entrepreneurs constantly monitor progress towards the goal, identify shortcomings and demand action to address root causes. Ephesians 4:15 tells us to speak the truth in love. The unconventional […]

In this series, we are looking at five traits common to successful entrepreneurs and how unconventional business leaders should approach each. Today’s trait is Balanced Diligence. Entrepreneurship is hard work. Successful founders work long, hard hours to bring their plans to fruition, and many entrepreneurs push their teams almost to the breaking point in pursuit of success. But throughout the […]

In this series, we are looking at five traits common to successful entrepreneurs and how unconventional business leaders should approach each. Today’s focus is Complete Humility. Successful entrepreneurs recognize their weaknesses and gaps, look for partners that can fill those gaps, and negotiate to get what they need in a win/win approach. You might call this “humility,” but the Bible […]

In this series, we are looking at five traits common to successful entrepreneurs and how unconventional business leaders should approach each. Today’s trait is Compassionate Empathy. The definition of empathy is “the ability to identify with or understand another’s situation or feelings.” Compassion is “deep awareness of the suffering of another accompanied by the wish to relieve it.” Empathy involves […]

In this series, we are looking at five traits common to successful entrepreneurs and how unconventional business leaders should approach each. Successful entrepreneurs see how the world is changing and how that creates opportunities and challenges, and from that they develop a strategy for how they can create value for their stakeholders in the midst of this turmoil. Unfortunately, many […]

Leading up to the first Labor Day celebration in the 1880s, a typical workweek was 10 hours a day, six to seven days a week. It wasn’t until 1938 when a 44-hour work week was mandated with overtime pay for over 44 hours. Changes came when employees were in great demand or had a better bargaining position because of labor […]

Some 57% of United States and Canadian workers reported feeling stress on a daily basis, up by eight percentage points from the prior year. United States workers rank as the most stressed workers on the planet. There is hope, however. Faith at Work: An Empirical Study administered by Gallup asked over 7000 responders if their faith helps to guide them […]