#runningyourownbusiness

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6 years ago

When Advice to Small-Business Ain't So Great

Phil Friedman · SMALL-BUSINESS OWNERS NEED TO BE CAREFUL OF BAD ADVICE... · In fact, all owners and operators of businesses, large and small, need to be careful of following weak or outrightly bad advice. It's just that small-business usually can't tolerate mistakes as well as big business. · "P ...

6 years ago

The Devil Often Wears Entrepreneur

Phil Friedman · ACCEPTING EQUITY IN PAYMENT FOR SERVICES RENDERED OCCASIONALLY  WORKS OUT, BUT MORE OFTEN DOESN'T... · Preface:  This is the fourth installment of a serialization of my upcoming eBook, "Small-Business Primer: Real -World  Tips for Starting and Running Your Own Small Business".  ...

6 years ago

The Portable Boatyard

Phil Friedman · PHIL FRIEDMAN, MARINE INDUSTRY CONSULTANT AND FORMER CEO OF LUXURY YACHT BUILDER, PALMER JOHNSON, SPEAKS TO TRADE ONLY TODAY ABOUT HIS JOURNEY · Never once during a span of some three decades have I ever regretted making the decision to pursue a career "messing about with boats". ...

6 years ago

Small Solutions... Big Results (No. 1)

Phil Friedman · THE FIRST IN A SERIES OF RETROSPECTIVES THAT LOOK BACK AT THREE DECADES OF FINDING VALUE-ENGINEERED SOLUTIONS... · Preface:  This article begins a series that looks back at various value-engineered solutions to problems encountered by the author in the course of several decades ...

6 years ago

A Competitive Edge Is Never Forever

Phil Friedman · CALL IT RESTING ON YOUR LAURELS OR SITTING ON YOUR BUTT, FAILURE TO KEEP ADAPTING EVENTUALLY ENDS IN BEING LEFT BEHIND ... · Competitive edge: the fact that a company has an advantage over its competitors ... · Cambridge English Dictionary · Having a "competitive edge" ― also ...

6 years ago

Net Profit vs Cash Flow

Phil Friedman · UNDERSTANDING THE DIFFERENCE BETWEEN PROFIT AND CASH-FLOW IS ESSENTIAL TO THE SUCCESSFUL OPERATION OF A SMALL BUSINESS... · Preface: This post is not intended as an instructional manual for accountants or bookkeepers, but rather as a conceptual guide for small-business operators ...

6 years ago

Learning From Mistakes

Phil Friedman · EXPERIENCE MAY BE THE BEST TEACHER, BUT IT DOESN'T HAVE TO BE YOUR EXPERIENCE   · In my consulting practice, I often explain to prospective clients that I can help them not because I am so brilliant, but because I've likely already made just about every mistake they might make g ...

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