Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Tim Cook will ring in the new year with an arsenal of Apple acquisitions from 2013, including two purchases made in the days before Christmas, one that bolsters its once-chided mapping abilities. It was so much activity—Cook announced 15 acquisitions in the 2013 fiscal year that ended September 29 and there have been at least a handful more since—that speculation abounds (and Cook has sort of confirmed) that something big is in the works for 2014.
The crowdfunding phenomenon is their common denominator. These online platforms will not only help you raise money fast for your business, but will also help you get ready to start a really viable one for any specific social, personal, entertainment, or other purposes. Raise awareness and stay in touch with the news, special offers, and updates!
How do I accumulate so much junk in just one year? If you run a small business, you know what I mean. Look around your office, your desk, your home, your car. You’re probably surrounded by a whole lot of stuff. That’s why, every year, between Christmas and New Year’s Day, I take this slow week to go through the ritual of cleaning out my office. If you run a small business or are self-employed, I invite you to join me in getting your space ready physically for 2014. Any article about small-business organization these days is likely to focus entirely on which apps you should download to transform your life — not today.
TD Ameritrade study shows that most self-employed people aren’t putting enough money aside for retirement–even though they are relying on savings to fund their golden years. Although they love their jobs, most small business owners and other self-employed workers plan to eventually exit their vocations and entire retirement. But unlike traditional employees, self-employed individuals lack pensions and other retirement savings vehicles, forcing them to be more disciplined about saving for retirement throughout their careers.
Since the recent recession, and at least partially sparked by it, I’m seeing a real resurgence of entrepreneurial spirit, and more startup activity than ever before. I believe the days of the “job work” mentality are thankfully waning, with more people looking to get satisfaction by making the world a better place, rather than just tolerating brain-numbing work to fund enjoyment elsewhere.
I love audiobooks. They allow me to go through 10 times more books in a year than I normally could and it saves trees, time and money at the same time. They are the perfect solution for the time-starved who are eager to keep learning. My personal favorite is to listen to my audiobooks on the way to work. I don’t know about you, but sometimes I get stuck in my own mindset. Being able to take a look inside someone else’s way of thinking, and learning how their experiences have helped and hurt their entrepreneur path, allows me to see things in a different way.
The most common coffee discussion these days is about Income Tax Notices, it seems the IT department is in love with sending tax notices to tax payers for host of reasons, which were never heard off in past. Usually notices sent are in relation to issues in the income tax returns filed. Notices can also be for initiating scrutiny or for opening of assessment of past years. Taxpayers with limited tax knowledge are bound to panic, but instead of panicking the right course of action should be to understand the reason for the notice and act accordingly.
For the longest time, I couldn’t understand the over-arching philosophy of two of the greatest college coaches I have ever seen. Neither UCLA’s John Wooden, perhaps the best basketball coach on any level at any time (and a man I have written about before), nor Nick Saban, the head football coach at Alabama, ever talk about winning, when asked about what they are trying to accomplish. Their focus, they said, was on getting their teams to constantly improve and concentrate on doing the right things consistently, If they did that, both coaches argued, the wins would follow.
Whatever criticism or praise you have about the federal bureaucracy, there’s one thing we can all agree on: It’s a huge money-spending machine, and savvy businesses, both large and small, find ways to get a chunk of their tax dollars back. We’re going to take a closer look at two arms of the federal government that can really make a huge difference in the bottom line of any business: the Government Services Administration (GSA) and Small Business Administration (SBA).