Empress of biz, Biz Tips. Sunday Morning...Thankyou

Sunday Morning Reflection:

Thank you...two words...eight letters. 

Often neglected and not said. When spoken with meaning helps ease the way and make new friends and re-affirm old ones. During this holiday season I am grateful for those who have taken the time to be my friend, like my comments, extend a hand in need and just be there as a fellow entrepreneur. 

Thank you! 

And may you be blessed this week with many heartfelt thank you's and good friends.

Thanksgiving Thoughts :   
When you are in business you have a tendency to feel alone....after all you are the one who is responsible for... well everything. Even if you have employees...you are still the one that as President Harry Truman stated, "The buck stops here." And that is at it should be. 

The BONUS is the friends you make along the way. Fellow business owners who share with you, associates who help and customers who are loyal.

Today I am thankful for all those who have been my friends, associates, business partners and clients. Thank you for being there and thank you for still being there after all these years.

 Special Thanks to the Following: 
Joanne Quinn Smith of Positively Pittsburgh Live
Jill Kummer of Blacktie Pittsburgh, 
Donna Baxter ofThe Soul Pitt, 
Allen Levine of Pittsburgh Sportsline 
Ola Jackson of OWN
Diane Daniels of DID Associates
Ruth Byrd Smith, Director of Allegheny County M/W/DBE Department

Thank you for everything you do to help small business.  Happy Thanksgiving.

EmpressofBiz, Biz tips. How much should you PAY..

Just answered the question to a group  that I belong to..
How much should I pay myself?
Should I pay myself if I am the owner of the business. 

Paying yourself most definitley YES! 
HOW MUCH?  ...Depends...some things to think about BEFORE you give yourself a salary!

My clients and students often do one of two things:

1. They do not figure their salary needs at all in the business.They will take their salary from the "profits" .  Yet rarely is their enough profit to take a salary and quickly put their personal credit and home life in jeopardy.

2. Or they pay themselves a ridiculous amount and take all the money out of the business and put the business in jeopardy

A REASONABLE SALARY is a MUST! What is reasonable?

My answer to students and clients is:

1. How much is your personal budget? What do you need to take out of this business to make sure your personal commitments are taken care of? It makes no difference whether you have a partner or spouse who is "willing" to pick up the budget...while you are starting the business...you must have your salary amount in as part of your costs.

2. What would have to pay someone to do your job? It usually isn't any small amount.

3. Paying yourself is part of establishing your costs so you can give price your product or service accurately.

4. BTW...supporting you and the business usually does not last long and resentment quickly rears its head. Plan to contribute from day one...it eliminates a good deal of family problems. You can start low...but start and raise it as you go..
I hope this people thinking of what salary they need to take out of the business. Check out my blog www.empressofbiz.blogspot.com for more comments on small business.

EmpressofBiz, Biz Tips: Reflection...what are you in business for?

Sunday Biz TiP: Reflection Time: 

What are you in business for? 

To make a difference in your community? 

To make money?

To be independent?

Become wealthy?

Build Security? 

Be creative?

Be innovative?

To Help Your Family?

 It is important to know your "reasons'" for STARTING and BUILDING a business.
 When your business model strays away from the reason you are in business...this is when you become unhappy. The business is your creation...make sure it is what you want.

Need to sort out what is going on in your business and keep on track...give SIBA a call...we have been guiding small business to success since 1975.  We know from our own personal experience what it means to create the business you want.  412-440-6969.  

Empress of Biz, Biz Tips: Money.. Financial Terms are they...Banker Babble? Or???

MONEY!...Something we all use, need, spend, have to ..want to have..YET do you understand what it is? Do you know what your banker, accountant, financial planner is talking about?....

Or do you "fake it" and pretend you are FINANCIALLY SMART! .....  DO YOU KNOW AS MUCH AS PETRA THE WORLD SMARTEST DOG!

Today as part of a be FINANCIALLY SMART series we will talk about those confusing terms...and tell you the inside story! ....
Join me today, Listen, Learn, Prosper!
www.talkshoe.com Caller Id 80050

Join me today, Listen, Learn, Prosper!
www.talkshoe.com Caller Id 80050

Empressof Biz, Biz TiP, Do your e mployees LIVE for Friday?

Friday Biz TiP#1. If you live for Fridays and the weekend...you need another job. If you are an employer...and your people cannot WAIT until the weekend....you had better look at what is going on...including your management style.

Friday Biz TiP#2: Surprise people around you...thank them for their  work they have done for you. End their week and yours with a smile :) and a thank you can open the door to a happier you and happier employees.