You never really learn much from hearing yourself speak. —George Clooney, actor, director Have you ever listened to a CEO of a major company speak and wonder how in the world that person got to be CEO? Perhaps this “imposter” is not very articulate at all, or has no clue about the company and seems […]
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Pay Taxes Quarterly
You don’t pay taxes. They take taxes. —Chris Rock, comedian, actor I was anxious out of my wits as I sat in my chair waiting for the calculations to tabulate. I had dreaded this day ever since the previous January, when I knew I had only three months left until the deadline. On that early […]
View Post Chris Rock, EIN, IRS, TaxesBuild a Company That Is Systems-Dependent, Not People-Dependent
Systems are the essential building blocks of every successful business. —Ron Carroll, entrepreneur, business coach As a computer science major in college matriculating with some of the brightest students from around the world, I quickly learned that my computer programming skills were not the most economical. I could get the job done, but not in […]
View Post Henry Ford3 Reasons Entrepreneurs Hate Fridays
I hate weekends because there is no stock market. —Rene Rivkin, Australian stockbroker, entrepreneur. A few months ago on a Monday morning, I updated my Facebook status with the following: “I absolutely love Mondays. Not so thrilled about Fridays.” I anticipated some lighthearted criticism from my friends, but I didn’t think that my sanity would […]
View Post Easybeats, Employees, Facebook, Friday, Friday on My Mind, Happy Hour, Motivation, Payday, T.G.I.F.Hire Slow, Fire Fast
Hire slow, fire fast. —Unknown. I recently received a desperate call for help from one of my mentees, who is working hard to grow his new clothing company. He sought advice about how to deal with a lazy business partner who is preventing the company from moving forward. My mentee wrote, I have been working […]
View Post Attrition, Human ResourcesOffice Space Is Not a Priority, But a Good Team Is
I think, team first. It allows me to succeed, it allows my team to succeed. —LeBron James, NBA champion One of the most costly mistakes I have made as an entrepreneur is to rent high-end office space, thinking that it would foster growth through increased productivity and project a more professional image. It did none […]
View Post Buckhead, Prestige, RegusHow to Close a Deal Every Time
Beauty awakens the soul to act. —Dante Alighieri, Italian poet. Excited to hit the pavement and to sell advertisements for my new magazine, I visited a local mom-and-pop store near my alma mater, Morehouse College. After my sales pitch, I waited to hear if the business owner would place an ad in my next issue. […]
View Post Black in America, Black in America: The New Promised Land, Cadillac, Chelsey Rodgers, CNN, Dr. Martin Luther King Jr., Ford, Investors, Los Angeles Lakers, Miss USA, Morehouse College, Silicon Valley