Banking Relationships Are NOT Created Equal
According to the US Chamber Commerce, there were 30.2 million small businesses in the United States in 2018. On April 16, 2020, the Small Business Administration reported that 1,661,367 loans were approved through the Paycheck Protection Program: totaling $342,277,999,103 in funding. In other words, 5.5% of small businesses in the US received PPP funding while…
CARES Act Small Business Debt Relief Program
The recently passed CARES Act provides economic relief programs intended to assist business owners in a variety of ways. Nearly everyone I’ve spoken with (about 100 business owners in the past 2 weeks) has applied for either the Payroll Protection Program (PPP) or the Economic Injury Disaster Loan & Emergency Economic Injury Grant. A surprisingly…
How to Leverage Technology to Innovate Your Business
On April 3rd, KOMO News in Seattle, WA ran a news story titled, “North Bend man creates indoor scavenger hunt to help families have fun together.” That man, Luke Talbott, is the founder and CEO of Compass Outdoor Adventures, a company dedicated to creating and delivering world class experiences in and around Seattle that get…
The Small Business Owner’s Guide to the CARES Act
According to Wikipedia, “Jack Bauer was an American serviceman and, later, a federal agent, who was responsible for saving countless American citizens from potentially devastating terrorist attacks on more than one occasion.” Fast forward to today, millions of American small businesses are in dire need of support resulting from the economic devastation created by public…
Part II – Small Business and the COVID-19 Pandemic
On Episode #1445 of the Joe Rogan Experience, Retired Navy SEAL Andy Stumpf talked about the need today for people to focus energy on their Circle of Influence rather than their Circle of Concern. The former involves taking action where you can directly influence outcomes (e.g. your business, family and life). The latter involves becoming…
Small Business and the COVID-19 Pandemic
Last Wednesday, the Little League team that I help coach (mostly 9 year olds) was scrimmaging against a team of mostly 10 year olds. Falling quickly behind 3-0, this young team battled mightily yet struggled to catch up. In the bottom half of the final inning, down 6-3 with loaded bases and 2 outs, our…
Screw the Naysayers – Episode 203
Creating a legacy company requires building a team of employees: That stay and grow with you over a long period of time That delivers high value and experiences to develop long lasting client relationships Which result in a high repeat/referral business development model. Using this measure of success, and on a scale of 1 to…
Staying TOO Busy is Bad for Business
Do you feel overwhelmed by the amount of activity that consumes your business and life? Consistently feeling “too busy” is a self-inflicted curse and mindset that usually leads to high stress and low effectiveness; both of which are injurious to the health and well being of you and your company. The antidote to “busy ness”…
Prepare for Passing the Leadership Baton
Companies of all sizes will find themselves at some level of risk when a well-liked and respected leader chooses to leave. The actual risk (e.g. loss of clients, increased employee turnover, lower company morale) is largely dependent on how prepared the organization is to pass the leadership baton. On a scale of 1 to 10,…
President’s Day Fun Facts
President’s Day is a national federal holiday and is celebrated each year on the 3rd Monday in February. Originally meant to honor the birthdays of George Washington (February 12th) and Abraham Lincoln (February 22nd), the day now honors all of the previous presidents of the United States. While checking out the history of President’s Day,…