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Archive for the 'Business Basics' Category


Financial Sins and What to Do About Them Before April 15

Wednesday, January 21st, 2009
Business Basics | No Comments »

Our passion is to help the Direct Selling Professional succeed financially.  We find that most of our clients and fans feel this impending doom first quarter of any new year.  First quarter is when business owners think about possible financial sins they committed in the previous  year (e.g. not keeping up w/their books, or the condemning […]

$65 at the Pump

Tuesday, September 9th, 2008
Business Basics, Opinion | No Comments »

I’m with you, it’s emotionally frustrating to pay $65 to fill up my car.    But here again, look at the perspective…
·         15 gallons of gas @ $2.50 = $37.50 | Fill up 1x a week for 52 weeks = $1,950/year
·         15 gallons of gas @ $4.25 = $63.75 | Fill up 1x a week for […]

Cornerstone of Profit #4: IRS Makes the Rules (we just play the game)

Wednesday, April 2nd, 2008
Business Basics | No Comments »

 IRS rules say that you must be able to prove intent to make a profit with your direct selling business; especially if end up taking losses and want have them allowed.   To “prove intent” you must be able to show that you carry on your career activities in a “businesslike manner.”   This includes keeping good […]

Cornerstone 3: Spend on Purpose

Monday, March 10th, 2008
Business Basics | 2 Comments »

We’ve all heard the saying, “It takes money to make money.”  This inherently means that dollars will be spent to generate a profit.   Last week I taught you that every dollar spent should be held responsible for producing more dollars.  If you spend $100 on training, your hope is that additional knowledge will produce 200 […]

Cornerstone 2 - REV up your Revenue

Monday, February 25th, 2008
Business Basics | No Comments »

We’ve been exploring the 4 Cornerstones of Profit.  Last week we looked at The Company Money Rule.  This week, let’s talk about our second Cornerstone:  Revenue.    Revenue in and of itself is just “money made.”  But she has two critical relationships.  To help remember Revenue’s relationships, think REV  (R-Revenue, E-Expenses, V-Vision) 
R-Revenue
You’re in business–so that means you’re going to be selling something.   Whether […]

4 Conerstones of Profit: Corner 1

Thursday, February 21st, 2008
Business Basics | No Comments »

This week we are diving into The 4 Corner Stones of Profit.
Ok.  So you’ve got some cash-o-lah in your business bank account.    You’ve written on the deposit slip so that you remember (later) where that money came from.  Now what?   Well, here’s where we separate the mice from  the men.    
Two words will save you much […]

#1 obstacle: Money

Wednesday, November 21st, 2007
Business Basics | No Comments »

My travels landed me in Bellevue this week.  Between speaking engagements and the craziness of my professional life(s),  today I am rewarded with the “perfect day.”  I prefer nothing more than to be surrounded by books, a cup of coffee, and the exaggerated quiet of a library.
I found the perfect spot for my perfect day […]