Risk – Do you eliminate it or embrace it?

by Dallon Christensen October 21, 2010 Business Planning

Unfortunately, with little risk comes little reward. As business owners, we must be willing to accept and even embrace some risk in order to achieve our goals. The goal, as a recent article from Risk Management Magazine states, is to look at your risk from the top of the company downward. When you view risk from the top down, you can find the areas that you must eliminate, the areas you can manage, and the areas you can live with.

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7 clues to know you need more help in your business

by Dallon Christensen October 18, 2010 Business Planning

One of the most important decisions you face in your business is when you need additional help. Since nearly all businesses start with a single employee with a business idea, relying on another person to help achieve your goals is a daunting task. However, nearly 90 percent of American businesses are hiring freelance or part-time employees to fill needs according to Entrepreneur magazine.

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Quicker budgeting leads to better results

by Dallon Christensen October 15, 2010 Miscellaneous

Budgets take too long to prepare and often useless by the start of the year. An excellent interview with CORT Chief Financial Officer Debbie Lansford shows how your company can spend less time preparing a budget and more time using the budget to make smart decisions.

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Tracking your time and effort for real results

by Dallon Christensen October 11, 2010 Finance

even if you are using free tools to market your business, you need to see if they are worth your time. Your time is valuable. If you are like me, you are working a full-time job and raising a family while starting a business. Time is extremely important, and you want to make sure you are monitoring and using the tools that are bringing you paying customers.

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Business on the iPad – A handy second monitor

by Dallon Christensen October 8, 2010 Miscellaneous

url=’http://www.dallonc.com/2010/10/business-on-the-ipad-a-handy-second-monitor/’;username=’@dallonc’;In earlier posts, I’ve highlighted the iPad’s ability to be a portable web browser, word processor, and telephone.  However, my favorite business application for the iPad is as a light, portable second monitor. I use an iPad app called AirDisplay to give my MacBook a handy second monitor.  For $9.99, I have a monitor just [...]

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Using your budget to know your business

by Dallon Christensen October 1, 2010 Accounting

url=’http://www.dallonc.com/2010/10/using-your-budget-to-know-your-business/’;username=’@dallonc’;Since this is the first day of October, many business owners’ thoughts are probably turning to the annual budget.  The common perception of budgeting is that is a necessary evil.  Let’s face it – putting pen to paper or numbers to a spreadsheet is not the most glamorous activity when running your business.  Budgets also [...]

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An important lesson in business planning and management

by Dallon Christensen September 28, 2010 Business Planning

Startups are often high on dreams and short on experience. In this month’s edition of Inc. magazine, a great case study on InsuranceAgents.com demonstrates how experienced management help can drive a company to new heights.

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Why do you need credit?

by Dallon Christensen September 21, 2010 Business Planning

I’m concerned that many businesses will take advantage of this new program, assuming it passes the House of Representatives, and overextend themselves for a bad business model. Bad businesses with more credit is a recipe for disaster, and business owners must carefully analyze their own businesses and determine if they have the cash flow to pay back their credit obligations.

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Business on the iPad – full phone service for under $50/month?

by Dallon Christensen September 18, 2010 Information technology

Many of us deal with home, work, and mobile telephone numbers. Three separate phone numbers, three separate voice mail boxes, and plenty of cost and hassle. I have had a great deal of success using my iPad, Google Voice, and Skype to imitate the mobility of a cell phone without the cost and hassle of mobile phone contracts. Your business should carefully consider the new mobile Wi-Fi connections like Virgin Mobile’s Mi-Fi along with using Google Voice and Skype to reduce telephone costs and improve how you do business with your business associates.

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All of your work is a project

by Dallon Christensen September 10, 2010 Business Planning

url=’http://www.dallonc.com/2010/09/all-of-your-work-is-a-project/’;username=’@dallonc’;“Project manager” is a job title that sometimes causes people outside of business to chuckle.  It can sound like one of those “corporate-speak” titles made for someone to feel more important.  I disagree with that idea, because all businesses need to manage projects well.  In fact, all business is really just a series of projects [...]

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