Minimum Wage Hike Helps Government Not Workers

  Minimum WageI believe that everyone deserves to be paid for their contributions to the bottom line and not be exploited. However, I often wonder about politicians pushing for a higher minimum wage. While it may seem like a good idea on the surface to give workers more disposable income, anyone with [...]

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The Power of Free Samples

Free SampleI was walking through Sam's Club the other day with a shopping list. Nowhere on my list was cheese or ham patties. But as I walked up and down the aisles grazing on samples, I ended up with cheese and ham patties my cart. There is no way I would [...]

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Salary vs. Standard of Living

CPIAmericans are fixated on how much they make. People use their salary as a report card of sorts to compare their success to others. The problem is that income is often a poor measurement of success, since it is decoupled from a person's standard of living. It is not how much [...]

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Raising Capital: A Lesson From The Ship Of Gold

Any business owner with investors can take a lesson from Gary Kindler's book “Ship of Gold”. On the surface it is a historical account about finding the SS Central America, which sunk off the Carolina coast while carrying twenty-one tons of gold. However, if you look a little deeper, the story provides a valuable lesson for the entrepreneur. Essentially, the [...]

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Sales Tax Work-Arounds for Service Oriented Businesses

I often encounter businesses that at their core are pure services businesses, but which also sell products as part of their offerings. For example, consider a small part-time mobile oil change business. They are primarily in the service business of changing a person's oil. However, their service includes the sale of motor oil. I'm often asked if such a business would [...]

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The 7 Rules for Collecting Sales Taxes

Many new entrepreneurs are confused when it comes to sales taxes. A sales tax license gives you the authorization to act as a agent for a specific taxing jurisdiction to collect their sales taxes. Sales taxes were designed for brick and mortar type business and can get confusing when you have a mobile business or if you sell on the [...]

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Do Your Employees Know Their Contribution?

Getting PaidEveryone deserves a living wage, but the wages earned by an employee should be directly proportional to the value they provide to their employer. A pay raise should not be based on how long a person has worked for an employer or some government mandate. When my kids have come [...]

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Social Media Can Make Or Break You

FourSquare On a recent trip to visit our son we went to dinner at a nice restaurant. When the meal was served my son's Chicken Alfredo contained a rather large bone, on which he nearly choked. When the owner was summoned to the table he began to explain that it was not possible [...]

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