The Price of Reinvesting
I've recuperated from the presidential race. A lot happened between my last post and election day that made my decision much easier. During that t... Read story
Jay Goltz
Anyone Else Feeling Conflicted About this Election?
This election has me tortured. I belong to a business group that consists of seven business owners. Because I'm the lone Democrat, I take a lot of grief.... Read story
Anyone Else Feeling Conflicted About this Election?
This election has me tortured. I belong to a business group that consists of seven business owners. Because I'm the lone Democrat, I take a lot of grief.... Read story
How Do You Stop Being an Entrepreneur?
On some level, there are obvious hazards to being an entrepreneur -- going broke, working overly demanding hours, accepting fiscal and legal responsibilit... Read story
How Do You Stop Being an Entrepreneur?
On some level, there are obvious hazards to being an entrepreneur -- going broke, working overly demanding hours, accepting fiscal and legal responsibilit... Read story
How Much Risk Is Too Much?
When I started my business at age 22, I had no mentor. My business grew very quickly, and I was desperate to find some "models" of good retailing in Chica... Read story
How Much Risk Is Too Much?
When I started my business at age 22, I had no mentor. My business grew very quickly, and I was desperate to find some "models" of good retailing in Chica... Read story
Are Our Health Plans Fair to Employees?
When I started in business, health insurance cost me something like $30 per person per month. It was fairly insignificant. Now, it's anything but! It is o... Read story
Are Our Health Plans Fair to Employees?
When I started in business, health insurance cost me something like $30 per person per month. It was fairly insignificant. Now, it's anything but! It is o... Read story
The Key to Doing Good in a Bad Economy? Cash Flow
I've been in business for 30 years and have lived through three or four recessions. It's easy to tell people, "Keep spending." But that's not always the r... Read story
The Key to Doing Good in a Bad Economy? Cash Flow
I've been in business for 30 years and have lived through three or four recessions. It's easy to tell people, "Keep spending." But that's not always the r... Read story
Are You a Leader -- Or Just a Cheerleader?
Leadership isn't the same thing as management. Leadership is about providing vision as to where the company is going. It's about inspiring and motivating.... Read story
Are You a Leader -- Or Just a Cheerleader?
Leadership isn't the same thing as management. Leadership is about providing vision as to where the company is going. It's about inspiring and motivating.... Read story
The Fallacy of an Open-Door Policy
When I started in business and the phrase "open-door policy" was thrown around, it sounded very progressive. It was also very confusing to me. Whi... Read story
The Fallacy of an Open-Door Policy
When I started in business and the phrase "open-door policy" was thrown around, it sounded very progressive. It was also very confusing to me. Whi... Read story
Is Bankruptcy Part of the "Game"?
Over the years, I've been stuck for a lot of money by customers who went bankrupt. It's quite upsetting. I used to take it personally. Now I recognize tha... Read story
Is Bankruptcy Part of the "Game"?
Over the years, I've been stuck for a lot of money by customers who went bankrupt. It's quite upsetting. I used to take it personally. Now I recognize tha... Read story
What is an Entrepreneur?
In 1978, when I graduated from college and decided to go into business, I was not called an "entrepreneur." The word was not being used. I was mostly call... Read story
What is an Entrepreneur?
In 1978, when I graduated from college and decided to go into business, I was not called an "entrepreneur." The word was not being used. I was mostly call... Read story
The Problems with Trade Shows (Like Where People Sleep)
Over the years, I have taken numerous employees to trade shows -- either when we were exhibiting or as a buying trip. And I've learned the hard way that a... Read story
The Problems with Trade Shows (Like Where People Sleep)
Over the years, I have taken numerous employees to trade shows -- either when we were exhibiting or as a buying trip. And I've learned the hard way that a... Read story
What's Most Important? Profits? Customers? Employees?
It's important for every boss to understand what his or her critical functions are. These might change significantly as you grow. You might, for exa... Read story
What's Most Important? Profits? Customers? Employees?
It's important for every boss to understand what his or her critical functions are. These might change significantly as you grow. You might, for exa... Read story
Is Waiting for the Repair Man Considered a Sick Day?
Sometimes when an employee does something that we're not sure is in the spirit of the rules, I need to check our employee manual. That happens a lot with ... Read story
Is Waiting for the Repair Man Considered a Sick Day?
Sometimes when an employee does something that we're not sure is in the spirit of the rules, I need to check our employee manual. That happens a lot with ... Read story
Don't Let the Door Hit You?
When a valued employee walks into your office and tells you he or she has accepted another job, should you try to negotiate with them to stay? If a value... Read story
Don't Let the Door Hit You?
When a valued employee walks into your office and tells you he or she has accepted another job, should you try to negotiate with them to stay? If a value... Read story
Should I Prosecute?
My son called me yesterday to tell me about a recent hire at his company. After three weeks, they found out that the new receptionist was stealing credit ... Read story
Should I Prosecute?
My son called me yesterday to tell me about a recent hire at his company. After three weeks, they found out that the new receptionist was stealing credit ... Read story
Part II: When Do You Stop Paying a Disabled Employee?
In a previous post , I heard from someone who had to make a diffi... Read story
Part II: When Do You Stop Paying a Disabled Employee?
In a previous post , I heard from someone who had to make a diffi... Read story
Part II: When Do You Stop Paying a Disabled Employee?
In a previous post , I heard from someone who had to make a diffi... Read story
Do I Want to Be a Good Person or a Good Boss?
On my blog post about disability insurance, a reader named DD posed the following question: We were about to cut this guy in for 5% of the busines... Read story
Do I Want to Be a Good Person or a Good Boss?
On my blog post about disability insurance, a reader named DD posed the following question: We were about to cut this guy in for 5% of the busines... Read story
Should I Join a Business Group?
I have been in numerous business groups over the years, and I've found it helpful to share problems, to share ideas, and to give and take suggestions and... Read story
Should I Join a Business Group?
I have been in numerous business groups over the years, and I've found it helpful to share problems, to share ideas, and to give and take suggestions and... Read story
How Many Hours Does the Boss have to Work?
Some bosses pride themselves on leading by example. When it comes to hours worked, they believe they should come in early and stay late. Other bosses (my... Read story
How Many Hours Does the Boss have to Work?
Some bosses pride themselves on leading by example. When it comes to hours worked, they believe they should come in early and stay late. Other bosses (my... Read story
When Do You Stop Paying a Disabled Employee?
Most successful small business owners have some key, valued employees in what they consider their "business family" -- people they'd have a hard time re... Read story
When Do You Stop Paying a Disabled Employee?
Most successful small business owners have some key, valued employees in what they consider their "business family" -- people they'd have a hard time re... Read story
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