Cambridge Entrepreneur Academy https://www.cambridgeentrepreneuracademy.com Mon, 10 Dec 2018 21:23:37 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 https://www.cambridgeentrepreneuracademy.com/wp-content/uploads/2018/09/cropped-C_Users_mark.m_AppData_Local_Packages_Microsoft.SkypeApp_kzf8qxf38zg5c_LocalState_6ace4629-ce93-4adb-95e2-7ac2da04bbf5-32x32.png Cambridge Entrepreneur Academy https://www.cambridgeentrepreneuracademy.com 32 32 3 Practical Ways That Businesses May Use to Manage Their Accounts https://www.cambridgeentrepreneuracademy.com/3-practical-ways-that-businesses-may-use-to-manage-their-accounts/ Mon, 10 Dec 2018 21:17:55 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1209 Accounting is an essential component of all business activities. It is not only for performance reviews but also for a business to fulfill its legal obligations in the way of paying its taxes. It is impossible to determine the amount of taxes to be paid without first determining the profit levels of a business. Therefore, …

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Accounting is an essential component of all business activities. It is not only for performance reviews but also for a business to fulfill its legal obligations in the way of paying its taxes. It is impossible to determine the amount of taxes to be paid without first determining the profit levels of a business. Therefore, accounting is an essential aspect of a business. However, can all businesses establish their own accounting departments? What if it is just a small company of no more than 20 people? Below are options with which you can relieve yourself and your business of complex accounting functions:

1. Outsourcing a company’s accounting tasks

Many organizations, especially small- and mid-sized businesses, often find it expensive to establish an accounting department. As a result, they prefer to outsource their accounting functions. There are several firms that offer CPA services in Salt Lake City, such as Sorenson & Company. Such businesses may rely on these firms for their accounting needs. Such firms have accounting professionals that are ready and willing to assist interested businesses in preparing their books of accounts. Looking for a trusted CPA firm can be a daunting task, but you have to be careful with this. You will not want to have problems with outsourcing your accounting tasks when you cannot even establish your own accounting department.

2. Opting for automated accounting software

There are numerous types of accounting software that businesses may utilize to manage their accounts. These accounting computer programs increase the ease with which businesses record, modify, and retrieve various transactions. By utilizing an effective and efficient accounting computer program, a business is able to assess its current financial situation in real time. That is because the software may provide for a real-time reconciliation of the books of accounts of a business. In the situation that past transactions have to be reviewed, the software provides a quick means of tracking and retrieving the affected transactions. However, you must not use just any accounting software. Seek the advice of experts or CPA firms.

3. Adopting cashless transactions

Man paying using his smartphoneThe use of cashless payment methods provides an effective means of tracking previous transactions. That is regardless of whether a business uses manual or automated accounting systems. Cashless transactions have proven to be effective and more convenient for both businesses and consumers. Consumers do not have to go to the business location, and businesses do not have to hire more employees to entertain visiting consumers.

A business should consider issuing checks to their creditors. Similarly, they may request their debtors to complete payments through bank-to-bank transactions or through checks—the less the cash in hand, the better. Cashless transactions protect a business against mismanagement of its finances to a great extent.

Accounting is a delicate aspect of any business organization. As such, every business must be willing to either adopt suitable accounting software or outsource their accounting functions to available accounting firms. The accounting industry has boomed because of such needs. Just make sure to choose a CPA that you can trust to take on your accounting tasks.

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Selecting a Legitimate Money Lender: Points to Consider https://www.cambridgeentrepreneuracademy.com/selecting-a-legitimate-money-lender-points-to-consider/ Mon, 10 Dec 2018 03:54:16 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1201 Getting a loan is very common, not just in Singapore, but also in different parts of the world. But getting thrown into deep trouble because of borrowing from the wrong people are also a sad reality. We here may stories of people on the edge of desperation and get money from loan sharks and get …

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Getting a loan is very common, not just in Singapore, but also in different parts of the world. But getting thrown into deep trouble because of borrowing from the wrong people are also a sad reality. We here may stories of people on the edge of desperation and get money from loan sharks and get charged exorbitant interests.

The result: They default on payment, and they are not able to pay it back, or settle them by paying a lot more than what they bargained for. No one wants to be a victim of such unfortunate circumstance. Therefore, it pays to be an educated borrower by knowing how to distinguish a legal money lender here in Singapore from a loan shark.

Evaluating the legitimacy of a money lender

It is important to understand the term ‘money lender’. In order to know who you are dealing with, it is first important to understand what kind of people you are looking for. Money-lenders are different from banks in a manner that they follow different lending terms and regulations.

They are usually licensed private practices that lend money from their own pockets. Loan sharks are also not operating banks, but they are different from legal money lenders in such a way that they are not licensed and regulated by the government.

Do a background check

Once you have a list of possible lenders to borrow from, doing a background check is very important. A legitimate lender should be included in the Ministry of Law’s list of accredited lenders. If the name is not on the list, then they are not legitimate.

Governments regulate the lending business, and Singapore is one of those states that protect people, not just its citizens, from unconscionable loan interest rates.

a money lender working

Know what to expect as a borrower

One way of knowing if you are working with a legal money lender is it allows you to practice your rights as a borrower. Rights such as waived fees, loan caps and maximum interest rates should be observed by the lender.

If any of these are not on paper, run in the opposite direction. It is a big red flag. It’s a loud warning that the person offering you money is a loan shark, and you are the fish. More common than not, a legitimate money lender will have a loan contract where you can read your rights as a borrower.

Remember, even if you are in need of money, the law protects you from exorbitant interests and fees.

Observe their actions

Professionalism is expected from legal money lenders. They should act based on the rules laid down and offer the services expected from them. Anything beyond that could mean they are illegitimate or is violating government rules.

Distinguishing a legal lender from a loan shark can be overwhelming, especially if this is your first time. But the more you know about the difference between the two, the easier it would be for you to distinguish which one to work with. After all, it is not right for people to take advantage of someone in need, especially if that need is legitimate.

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(Don’t) Eat Off of Them: Flooring for Restaurants https://www.cambridgeentrepreneuracademy.com/dont-eat-off-of-them-flooring-for-restaurants/ Fri, 07 Dec 2018 16:17:20 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1189 When you have a restaurant, you want every part of it to look good, from the walls to the floors – but you also want these aspects to be functional. To help you in your decision making, the folks over at bowersindustrial.com have detailed the types of flooring available to you. These options not only improve your …

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When you have a restaurant, you want every part of it to look good, from the walls to the floors – but you also want these aspects to be functional. To help you in your decision making, the folks over at bowersindustrial.com have detailed the types of flooring available to you. These options not only improve your restaurant’s aesthetic appeal but also provide safety and practicality, being slip-resistant, durable, non-flammable, and able to weather the stress of a restaurant’s day-to-day foot traffic.

Tiles

You can’t go wrong with tile flooring. Extremely durable, this type of flooring is perfect for both residential and commercial use. Tiles come in a variety of colors, patterns, and textures, which makes them a popular choice with restaurateurs.

Tiles can also be installed on walls, which increases their versatility. The only downside is that tiles are difficult to install. It is a long and tedious process that should be done very carefully so as to avoid breakage and uneven installation.

Carpets

Commercial carpet flooring is also a good option for restaurateurs. Soft and warm, this carpet flooring increases the comfort of your customers while improving the acoustics of the dining room, no matter what size it is. It can also lessen the incidences of slips and falls. Carpets are very stylish; there is a wide range of designs and colors that you can choose from. Additionally, carpet tiles are easy to install and remove in case of stains or tears.

Non-Slip

According to the US Department of Labor, slips and falls make up a majority of workplace accidents, accounting for 27% of cases involving days away from work in 2014. To avoid these accidents, the folks over at bowersindustrial.com recommend getting non-slip flooring or floor coating, especially for your kitchen. These non-slip flooring types may also have additional features such as chemical resistance, wet surface application, interior and exterior capabilities, and variations in color.

Laminate

An alternative to hardwood, laminate is made of wood pulp and resin, topped with a thick polymer finish. It is a popular choice among restaurant and bar owners. Scratch- and slip-resistant, this type of flooring is easy to clean and maintain. Like tiles and carpets, laminate comes in a variety of textures and colors. It can even be made to mimic the look and style of hardwood.

Vinyl

Vinyl is a type of resilient flooring, along with linoleum, rubber, and cork. These flooring options are available in a wide variety of textures, patterns, and colors. Vinyl can resist moisture and everyday wear and tear. This highly durable type of flooring comes in easy to install planks, tiles, and sheets.

Hardwood

Hardwood flooring and wooden tables and chairs in a restaurant

Hardwood is arguably the best-looking flooring option. Hard but soft and natural looking, it highly improves the aesthetic of your restaurant. This type of flooring is easy to install and maintain. The only drawback is that hardwood is not water-resistant; for this reason, it may be best to keep hardwood floors out of your kitchen.

All these flooring options are viable for any restaurant. What you should remember when choosing a flooring option is the location. Though carpets and hardwood floors look good, you shouldn’t be installing them in places like the bathroom or the kitchen, where spills are common. Instead, install them in the foyer or dining room. Make sure that your flooring type complements the purpose and design of the room. When you have that nailed down, you can go wild, if you please, with the patterns of your floors.

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Tax Reform Changes the Game for Couples Undergoing a Divorce https://www.cambridgeentrepreneuracademy.com/tax-reform-changes-the-game-for-couples-undergoing-a-divorce-2/ Thu, 06 Dec 2018 06:51:58 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1182 Couples who are going through a divorce are under a lot of stress. After all, ending a marriage involves a lot of preparation and negotiations to make sure there are no loose ends. Rex Bushman Attorney at Law, a reputable divorce attorney in Utah, notes that divorcing your spouse creates concerns as to the division …

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Couples who are going through a divorce are under a lot of stress. After all, ending a marriage involves a lot of preparation and negotiations to make sure there are no loose ends.

Rex Bushman Attorney at Law, a reputable divorce attorney in Utah, notes that divorcing your spouse creates concerns as to the division of personal property, allocation of debts, alimony, and more. Additionally, having children who are minors raises the issue of custody and visitation rights, as well as child support.

Unfortunately, the new tax code may increase their anxieties and complicate the proceedings.

Tax Deductions on Alimony Payments

Taxes are likely to be the last thing couples getting a divorce are thinking about. They should be, though. Taxes and deductions can have a large impact on an ex-couple’s finances.

Under the current tax law, divorced couples can include their alimony payments when they file for federal and state taxes. The alimony payer (or higher-earning spouse) can deduct the alimony payment from their taxes. Meanwhile, the alimony recipient reports the payments and is taxed according to their income bracket.

The tax reform signed last December 2017, however, reverses that arrangement.

Changes with the New Tax Code

Starting on January 2019, the divorced spouse earning a higher income and paying alimony will lose their tax deduction. This means they must pay taxes on top of their alimony payments.

Meanwhile, the former spouse receiving the alimony payment will get the tax deduction. Alimony recipients will no longer have to include the payments they get in their federal and state income tax reports.

The Tax Cuts and Jobs Act passed in December 2017 only affects the tax deductions on alimony, however, not the child support payments. Unless a couple’s divorce settlement specifies that child support payments may be considered alimony, payers still can’t deduct child support payments from their taxes.

Lasting Impact on Couples

Industry experts predict that couples will have a more difficult time finalizing their divorce and figuring out alimony payments in the coming year. Without the tax deduction incentive, higher-earning spouses will be taxed more, significantly reducing their funds for the alimony. This can cause them to argue for lower spousal support and prolong the proceedings.

The changes to alimony payment tax deductions may affect happily married couples, as well. Those with prenuptial agreements should check their documents for alimony provisions based on the old tax code. Rework the prenuptial as soon as possible, experts advise. It’s naturally easier to iron out any wrinkles with the prenup while the couples get along, instead of while they’re in the middle of a divorce.

Exceptions to the Rule

The new tax law won’t apply to divorce agreements signed on or before December 31, 2018. These divorce or separation agreements will automatically and permanently be grandfathered into the 2017 alimony tax rules.

This is why many couples are working together to speed up the process and finalize their divorce before the New Year. Some couples are also taking advantage of a caveat to the deadline. A process called “bifurcation” allows them to agree on their spousal support arrangement and submit it for a judge’s approval before any other part of their divorce settlement.

While the tax reform may add complications to divorce negotiations, couples already undergoing the process still have options available. Keeping updated on tax laws and requirements can help couples save money and reach a more amicable divorce agreement.

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Tax Reform Changes the Game for Couples Undergoing a Divorce https://www.cambridgeentrepreneuracademy.com/tax-reform-changes-the-game-for-couples-undergoing-a-divorce/ Thu, 06 Dec 2018 06:50:52 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1180 Couples who are going through a divorce are under a lot of stress. After all, ending a marriage involves a lot of preparation and negotiations to make sure there are no loose ends. Rex Bushman Attorney at Law, a reputable divorce attorney in Utah, notes that divorcing your spouse creates concerns as to the division …

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Couples who are going through a divorce are under a lot of stress. After all, ending a marriage involves a lot of preparation and negotiations to make sure there are no loose ends.

Rex Bushman Attorney at Law, a reputable divorce attorney in Utah, notes that divorcing your spouse creates concerns as to the division of personal property, allocation of debts, alimony, and more. Additionally, having children who are minors raises the issue of custody and visitation rights, as well as child support.

Unfortunately, the new tax code may increase their anxieties and complicate the proceedings.

Tax Deductions on Alimony Payments

Taxes are likely to be the last thing couples getting a divorce are thinking about. They should be, though. Taxes and deductions can have a large impact on an ex-couple’s finances.

Under the current tax law, divorced couples can include their alimony payments when they file for federal and state taxes. The alimony payer (or higher-earning spouse) can deduct the alimony payment from their taxes. Meanwhile, the alimony recipient reports the payments and is taxed according to their income bracket.

The tax reform signed last December 2017, however, reverses that arrangement.

Changes with the New Tax Code

Starting on January 2019, the divorced spouse earning a higher income and paying alimony will lose their tax deduction. This means they must pay taxes on top of their alimony payments.

Meanwhile, the former spouse receiving the alimony payment will get the tax deduction. Alimony recipients will no longer have to include the payments they get in their federal and state income tax reports.

The Tax Cuts and Jobs Act passed in December 2017 only affects the tax deductions on alimony, however, not the child support payments. Unless a couple’s divorce settlement specifies that child support payments may be considered alimony, payers still can’t deduct child support payments from their taxes.

Lasting Impact on Couples

Industry experts predict that couples will have a more difficult time finalizing their divorce and figuring out alimony payments in the coming year. Without the tax deduction incentive, higher-earning spouses will be taxed more, significantly reducing their funds for the alimony. This can cause them to argue for lower spousal support and prolong the proceedings.

The changes to alimony payment tax deductions may affect happily married couples, as well. Those with prenuptial agreements should check their documents for alimony provisions based on the old tax code. Rework the prenuptial as soon as possible, experts advise. It’s naturally easier to iron out any wrinkles with the prenup while the couples get along, instead of while they’re in the middle of a divorce.

Exceptions to the Rule

The new tax law won’t apply to divorce agreements signed on or before December 31, 2018. These divorce or separation agreements will automatically and permanently be grandfathered into the 2017 alimony tax rules.

This is why many couples are working together to speed up the process and finalize their divorce before the New Year. Some couples are also taking advantage of a caveat to the deadline. A process called “bifurcation” allows them to agree on their spousal support arrangement and submit it for a judge’s approval before any other part of their divorce settlement.

While the tax reform may add complications to divorce negotiations, couples already undergoing the process still have options available. Keeping updated on tax laws and requirements can help couples save money and reach a more amicable divorce agreement.

The post Tax Reform Changes the Game for Couples Undergoing a Divorce appeared first on Cambridge Entrepreneur Academy.

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What are the Requirements for Starting a Salon Business in the UK? https://www.cambridgeentrepreneuracademy.com/what-are-the-requirements-for-starting-a-salon-business-in-the-uk/ Sat, 01 Dec 2018 08:03:12 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1175 Aspiring salon owners need to consider the types of services for their chosen business, whilst also choosing among different beauty salon equipment that would accompany these services. This ensures that the business will be popular among the target customers and will thrive for many years to come. PJS Beauty Salon Equipment notes that a unique brand and …

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Aspiring salon owners need to consider the types of services for their chosen business, whilst also choosing among different beauty salon equipment that would accompany these services. This ensures that the business will be popular among the target customers and will thrive for many years to come.

PJS Beauty Salon Equipment notes that a unique brand and service line would be essential to keep your business afloat since the competition is quite tough in the UK. There were around 1,700 businesses in the industry between 2015 and 2017, with 60 per cent comprising spa, salon, in-store treatment, and hairdressing and barber shop businesses. This calls for thorough research and preparation. You need to make your salon business stand out from the rest of the competition, starting right in your local community.

 

Experts recommend a few strategies to ensure the success of your business.

Top-Notch Products and Services

If you have decided to open a salon and spa, some of the common services include hair treatments, massages, professional make-up and facial treatments. Your list of services should at least be on par, if not better, with the current competition. Women still dominate the client base of many businesses, but it will not hurt to focus on the male market as well.

Men have become more conscious about their appearance, especially if it involves their career due to seeing younger colleagues who look good in the workplace. You should expect this type of customers to look for special treatments that are targeted towards them. When creating your list of products and services, consider the needs of your target customers. Do your research to determine the most in-demand individual and packaged services in your location and around the world.

Industry Trends

In 2017, the country’s beauty and personal care market reached a value of £10.2 billion, based on a report. Customers spent the most on spa, salon and in-store services at around £7.6 billion. As of last year, several brands have launched approximately 40,000 unique products.

This value explains why there are thousands of salon businesses across the UK. Consumer spending on beauty products and services likewise ranked as the fifth-largest in the world, amounting to £155 per capital during the same period.

Build a Competent Team

Your excellent products and services are useless if you do not have qualified and experienced staff to offer these to your customers. They should be able to market your products and perform every service with a high level of professionalism and expertise to satisfy the customers. Satisfaction is what brings people back to your salon, making them your loyal customers who might also refer you to their friends and loved ones.

Make sure your team knows how to handle customer queries and concerns, and are patient enough to deal with the demands of their customers and the job. Invest in continuous training to improve your employees’ knowledge and skills. In addition, buy the best tools available on the market so that your team can perform their tasks excellently.

Take the time to study your options before joining the beauty industry. Whilst there is potential to make a profit, the tight competition will not make it easy to form and maintain an established footprint in the sector.

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What Is An Entrepreneur? What Do Entrepreneurs Do? https://www.cambridgeentrepreneuracademy.com/what-is-an-entrepreneur-what-do-entrepreneurs-do/ Mon, 01 Oct 2018 21:06:19 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1051 An entrepreneur is probably one of the most misunderstood out of all professions. And yet, an entrepreneur is a profession just like being a plumber or doctor or teacher because entrepreneurship comes in all shapes and forms. An entrepreneur is a profession that does NOT require any of these elements: You do not need a degree, You …

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An entrepreneur is probably one of the most misunderstood out of all professions. And yet, an entrepreneur is a profession just like being a plumber or doctor or teacher because entrepreneurship comes in all shapes and forms.

An entrepreneur is a profession that does NOT require any of these elements:

  • You do not need a degree,
  • You don’t have to pass a test,
  • You do not need to be really smart,
  • You do not need a lot of money to start,
  • You do not need other person or program telling you that you are one.

You are the only one in the world that can make yourself an entrepreneur. You can learn the skills as you move along.

However, you might still be wondering about this question, “What Is An Entrepreneur?”

What is an entrepreneur? The answer is anyone who decides they want to become one is an entrepreneur. If you want to become an entrepreneur, you can become an entrepreneur the minute you decide to do so.

When you look up the word, “entrepreneur” in the dictionary you will find:

Entrepreneur: noun

A person who starts a business and is willing to risk loss in order to make money
One who organizes, manages, and takes on the risks of a business or enterprise

I so disagree with this definition, for a few reasons:

  • There can be more than one entrepreneur in a company, and in fact, in the successful companies you will find 2 or more people claiming that they were founders.
  • An entrepreneur can be the person who came up with the idea, or the person that took that idea and turned it into a business.
  • If you know what you are doing, being an entrepreneur is less of a risk than most other professions, because you have controlling decisions about your work, not some boss that you work for. You are the boss.

And how do we minimize risks for future entrepreneurs?

The Answer:

By better understanding the job of an entrepreneur and by learning the skills an entrepreneur needs to run a business. There are many different skills an entrepreneur needs in order to run a successful business and each one falls under the Four Point Triangle Course that we teach in the Academy.

Business meeting of entrepreneursBasically, there are four key areas in every business that each entrepreneur has to understand and learn about. In a new business or an existing business, each of the four areas can be run by a person who is an entrepreneur, meaning you can have more than one entrepreneur in a company.

The four key areas are:

  1. Administration
  2. Operations
  3. Sales and Marketing
  4. President or CEO

Kids can be entrepreneurs too!

Our definition of a kid entrepreneur: someone who makes money, can save the money, and handle all the responsibilities of School, family, friends. They don’t have to own a business.

Entrepreneurs have to learn many skills to become successful. Some of which include:

The 5 Leadership Skills

  • Good communication
  • Vision
  • Persistence
  • Execution
  • Becoming Trustworthy

In addition to…

  • Understanding The Financials
  • How to market and sell
  • How to manage employees and set rules for them
  • How to follow business rules like paying taxes and registering a business
  • Making a profit
  • Believing in yourself,
  • Working together by team building
  • And many more.

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Tips For Starting A Business From Scratch https://www.cambridgeentrepreneuracademy.com/tips-for-starting-a-business-from-scratch/ Mon, 01 Oct 2018 21:01:28 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1049 Are you looking forward to start a business from scratch with little to no money? Watch the video to learn more! There are a few ways to start a business from scratch. Here are two of them: To make something, that does not cost much to make and sell it for more than it costs to …

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Are you looking forward to start a business from scratch with little to no money? Watch the video to learn more!

There are a few ways to start a business from scratch.

Here are two of them:

  1. To make something, that does not cost much to make and sell it for more than it costs to make.
  2. By organizing with a four point triangle team that we teach in the Academy.

I made something and then I sold it, that is how I started the Vermont Teddy Bear Company

I had a son. He received over 30 stuffed animals from friends and family when he was born and not one of them was made in the USA. I researched the industry, learned who made the first one and what the company did. It did not cost me much to make a bear. I loved doing it so I made a bunch more. I built my own outdoor peddlers cart and sold my bears on that cart. I kept trying new ways to sell my bears, and always making them better and better. I learned how to sell them as a gift, that is what made me successful.

Learning how to sell

Business partners putting up a new businessWhatever you want to do for your business idea is key to the success of starting a business from scratch.

First, find something that you can make or someone can make it for you. It is ideal if the cost of making your product or service does not require a large investment upfront. Then, you can:

  1. Figure out how you are going to sell it.
  2. Look for better and better ways to sell it
  3. Work toward making it better, not really cheaper

A really good way to start a business from scratch is by understanding the Four Point Triangle.  The Four Point Triangle is how every business runs.

Learn what your strength is. What are you good at ? Is it

  • organizing,
  • making things,
  • selling things,
  • running things,
  • bookkeeping?

Then,

  • Dream about what kind of business you would like to build or be part of building
  • Research other successful people who have done what you want to do, learn for them
  • Learn as much as you can about how to run a business,
  • Learn about stock and stock ownership, the stock is what you will work for, you work to increase the value of the stock

Learn about the Four Point Triangle

  • Find others, that can be part of the four point triangle, that have the strengths you do not have
  • Work together as a group, to make a plan to make your product or service
  • Work as a group to sell your product or service
  • Work as a group to increase the value of the stock,

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3 Health And Wellness Tips For Busy Entrepreneurs https://www.cambridgeentrepreneuracademy.com/3-health-and-wellness-tips-for-busy-entrepreneurs/ Mon, 01 Oct 2018 20:58:37 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1044 The Proper Care and Feeding of Entrepreneurs Entrepreneurs are “the doers” and as doers we are often the first ones up in the morning and the last ones to bed at night. Burning the candle at both ends is what we do, right? Ahh….but at what cost? At the time I sat down to write …

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The Proper Care and Feeding of Entrepreneurs

Entrepreneurs are “the doers” and as doers we are often the first ones up in the morning and the last ones to bed at night. Burning the candle at both ends is what we do, right? Ahh….but at what cost?

At the time I sat down to write this, my husband (who works for an entrepreneur in business coaching) was flat on his back on the couch with a 24-hour bug. The next day when he went sniffling back into work…half of the office was out sick! So what did that cost in lost production?

Business woman writing on the boardMy point here is that as “the doers” we often forget to do the most important thing of all…TAKE CARE OF OURSELVES! And particularly in the area of health and wellness! We would never, ever think of going into a meeting with a potential new client unprepared leaving ourselves open to the risk of the unknown. But for some reason (secretly we think we are Super Human) when it comes to our own health, we don’t always take that same intentional, preventative approach.

So what can we doers DO to ensure that we run our health as smoothly as we do our business? Let’s start by looking at three strategies to help avoid a recent trend that’s happening in homes and offices everywhere….the flu season!

I’m here to tell you that you don’t have to participate! Building a strong immune system to ward off those nasty little invaders is as easy as one, two, three! So let’s start building!

Strategy #1

SUNSHINE! Yep, good ol’ Vitamin D from the sun! But there isn’t a ton of sun to be found for most of us, right? So if you are not living in a year-round sunny climate, your immune system is going to suffer and you will need to supplement with Vitamin D. The recommendation that I have been given by my own natural health practitioner is a minimum of 5,000IU and listen closely…make sure that it is not synthetic. Your body does not know what to do with synthetic vitamins.

Strategy #2

ELDERBERRY is a great way to help prevent viruses from replicating. Eating elderberries is a terrific way to help build the immune system, but elderberries are not in season and can be difficult to find this time of year (not to mention expensive). Food source elderberry supplements are great or you can check out what our family has been using for over five years that includes elderberries AND over 29 other fruits, veggies and berries! Juice Plus Orchard, Garden and Vineyard Blend

Strategy #3

OREGANO AND GARLIC kill bacteria, viruses, fungus and molds. So stock your “medicine” cabinet with this natural remedy. You can find sprays with oregano and garlic supplements in a natural food store or online. Be sure to read the labels carefully and look for whole food sources. I suggest that you find a natural healthcare practitioner or someone you trust to guide you to the best sources!

So I encourage you to skip this flu season! You don’t have to participate if you get your body ready! You have all the tools necessary…eat well, exercise and supplement where needed. And don’t freak out when you do get sick. Your body knows what to do. If you have prepared it well, it will do it’s job! Now, Entrepreneur, let’s get busy doing!

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How To Set The Right Goals For A Business? https://www.cambridgeentrepreneuracademy.com/how-to-set-the-right-goals-for-a-business/ Mon, 01 Oct 2018 20:46:18 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1046 Goals for a “for profit” company, and for a “nonprofit” company are different. Primary goal for a “for profit company”  is to make money, to make a profit. First step is to separate Primary and secondary goals. When setting goals consider:  customers, stockholders (owners), community, workers, family, and yourself when setting goals. Set a goal to work toward making a …

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Goals for a “for profit” company, and for a “nonprofit” company are different.

Primary goal for a “for profit company”  is to make money, to make a profit.

First step is to separate Primary and secondary goals.

When setting goals consider:  customers, stockholders (owners), community, workers, family, and yourself when setting goals.

Set a goal to work toward making a better company by understanding financials,

grow your business as an asset, understand ratios on balance sheet like debt to equity.

Businessman listing his goalsBetter Communication should always be a goal.

The Vision is a goal, update the 3 -5 year plan,

Work toward better execution, stop spinning wheels,

Fix the weak parts, ask yourself,

“what is the weakest part of your 4 point triangle”  the 4 point triangle is how every business runs, and The 4 Point Triangle is explained and taught to our members at Cambridge Entrepreneur Academy

My business goals changed over the years

with The Vermont Teddy Bear Company

My first goals were about selling my bears on my teddy bear cart.

They changed on the journey to eventually taking my company public.

But making a profit and making more money always was my primary goal

  1. To make money to pay bills for my family
  2. To increase sales
  3. To not lose money
  4. To keep believing
  5. Changing how I sold the bears
  6. Increase wages every year
  7. Improve customer service
  8. Increase the value of the stock from 1 cent to $20 dollars

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