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Every moment is January 1.

Filed Under Business Life, Motivation/Inspiration, Successful Blog | Leave a Comment

A Guest Post by
Rosemary O’Neill

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It’s the end of the first week of January. Did you already start slipping on some of those resolutions? Well quit beating yourself up, you’re not alone. The mystical pull of January 1 gets us every year. We take deep breaths, ponder the future, and muster up the guts to make some decisions about our lives and our businesses. And then….life happens.

Here’s the most important trick: Every morning is January 1. Every moment is January 1. You can make a decision right this very second to take action on one of your primary goals. In fact, stop reading this right now and go do one thing that will get you closer. Send that email, follow up with that customer, finish that report, call your grandmother. We’ll wait.

……….if you’re back, then you did your one action, right? If you didn’t, go away and do it now!

…and…see how easy that was? Now keep the momentum going by allowing yourself to have space in the day (or evening) to proactively plan the next day, week, month, in increments you can handle. If you want to wake up on December 31, 2012, having accomplished something big, then you need to chip away at it all year long. And you need to have periodic check-ins with yourself so that you can course-correct if necessary.

I’ll share my check-in secret sauce. It’s a hot pink Moleskine that goes everywhere with me. In the front are the big goals for the year, and then broken-down goals for each month that will draw me closer and closer throughout the year. There is no one-size-fits-all method, but the key is to avoid drifting.

Now go and take the second step. And write down what the third, fourth, and fifth steps will look like.

Feel free to brag about your audacious action in the comments. We’ll do this together.

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Author’s Bio: Rosemary O’Neill is an insightful spirit who works for social strata — a top ten company to work for on the Internet . Check out their blog. You can find her on Twitter as @rhogroupee
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Thank you, Rosemary!

You’re irresistible!

ME “Liz” Strauss

Fitch Ratings: Corporate Bankruptcies to Double in 2012

Filed Under Business Life | Leave a Comment

Given that 2011 was a difficult year for many in the business community, a recent report from Fitch Ratings will not exactly bestow confidence on many corporate heads.

Fitch recently reported that it expects the volume and size of corporate bankruptcies will double this year.

According to one bankruptcy attorney, “2011 wasn’t a huge restructuring year. A lot of companies found short-term fixes, but when things don’t get better you need a restructuring to find a long-term fix.”

The recent Fitch prediction notes that while restructuring is not a given to lead to bankruptcy, defaults among all corporate bonds will increase to approximately 3 percent over the next 12 months, an uptick from 1.4 percent last year and 1.3 percent in 2010.

Among the better-known companies to file for bankruptcy in 2011 were:

Fitch believes going forward that businesses carrying a large amount of high-yield and low-grade CCC bonds will be at the greatest risk.

According to the ratings agency, middle market companies (anywhere from $200 million to $1 billion) are most apt to be candidates for bankruptcy given the fact that it is more difficult for them to track down ways of refinancing.

Lastly, Fitch expects the restaurant, retail and consumer products firms to have the worst showing over the next 12 months.

For those businesses, small or large that are looking to avoid a bankruptcy filing in 2012, keep a few factors in mind:

No business owner ever wants to hear the ‘B’ word, but being prepared for it just in case is a sound business move.

Dave Thomas, who covers among other items starting a small business , writes extensively for Business.com, an online resource destination for businesses of all sizes to research, find, and compare the products and services they need to run their businesses.


 

 

 

Empower Yourself!

Filed Under Business Life, Motivation/Inspiration, Successful Blog | 6 Comments

by LaRae Quy

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It’s an Inside Job

Someone needs to tell the political candidates that personal empowerment is not about power over others. Rather, it is understanding that you are in charge of your own life.

People who are personally empowered know that happiness is an inside job. They don’t wait for someone else to make them happy and they can take care of their own needs for affection.

You Are Responsible For Your Own Actions

In other words, there is no finger pointing and blaming others for your lack of performance. You are willing to take responsibility for your actions. OK, so now it’s very obvious that most political candidates have no personal empowerment—they are just power hungry.

I make this distinction between power and personal empowerment because they are two very different things and people often assume that to be empowered is to be powerful.

Wrong.

Empowerment is a process where you do something, reflect on your actions, assess whether you made the right choice—and why—and continue on. This progression is a very important piece of the puzzle because personal empowerment acknowledges complete responsibility for self and the choices that are made. It is strong enough to look at itself and say, “Badly done, Emma. Badly done,” and then move on, taking with it lessons learned from the experience.

Personal empowerment is not for wimps. It takes a strong character to look at oneself with honesty and decide what to keep and what to throw out.

Where To Begin?

Life unfolds in phases. As we look back over time, we can see when we felt empowered and when we did not. Each time period has it’s own characteristics.

We all spent time as students when our lives revolved around classes, teachers, and other students. The academic calendar was central to all of our planning. Life as a student is a unique time.

Similarly, we are always in different phases of life as we mature and circumstances change. Life is a series of interconnecting phases. So when we stop to take that honest look at ourselves, we will be empowered only to the degree to which we understand what phase of life we’re in.

Our life is bigger than a single moment. The things that we cherish, the goals that motivate us, and the issues we wrestle with are connected to the period in which we currently find ourselves.

We feel lack of personal empowerment when we are unable to make choices that are always in our own best interest. Indeed, it is impossible to feel empowered if we cannot identify the issues that hold us back. We feel out of control when we try to live up to the expectations of others. We give power over our life to others when we allow them to define success or achievement.

But when we let others generate ideas and solutions for our issues, we are no longer taking the lead.

We become the ultimate follower when we are no longer the leader of our own life.

Dig Deeper Into the Now

As an FBI counterintelligence agent, the first phase of a recruitment operation was to identify the target. This meant collecting as much information as possible about the target’s past and current situation, as well as aspirations for the future. Every investigation starts with understanding the nature and character of the NOW phase.

Here is a list of typical questions used in FBI recruitment operations to help agents get clarity about the issues and specific needs of the person we’re investigating. These same questions may also help you define the phase of life you are now living in. It is impossible to attain personal empowerment without understanding the nature and character of your current phase of life:

  1. When did this current phase begin? Identify the boundary that separates this phase from previous phases. The boundary may be a transition (a new job, relationship, or a new city), an event (marriage, divorce, death, children), a discovery, or a decision (a different career or going back to school).
  2. Who are the key people in your life during this period? What role does each play? Which relationships are satisfying? Disappointing? Why?
  3. What events characterize this phase? They may be personal or professional events.
  4. What are the major opportunities and responsibilities that characterize this phase? How do you spend your time? What interests you most? Least? What is most creative about your life during this phase? Most demanding?
  5. What characterizes your inner state during this phase? How would you describe your spirituality? Reflections? Feelings? Do you journal?
  6. What is your physical state during this phase? Are you healthy? What are your health challenges?

To attain personal empowerment, it’s important to understand the key issues in your life and decisions you are being asked to make during this phase.

What kinds of thoughts, impressions, experiences, etc. came to you during this exercise? What are some key insights in this phase of your life? How do these empower you?

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Author’s Bio:

Larae Quy

LaRae Quy was an FBI agent, both a counterintelligence and undercover agent, for 25 years. She exposed foreign spies and recruited them to work for the U.S. Government. Now she explores the unknown and discovers the hidden truth via her blog Your Best Adventure. You can find her on Twitter as @LaRaeQuy

Thanks, Larae!

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Be irresistible.

–ME “Liz” Strauss
Work with Liz on your business!!

Buy the Insider’s Guide to Online Conversation.

How to Save on Business Insurance – And Why You Need It Now

Filed Under Business Life, Successful Blog | 7 Comments

Business owners face a lot of expenses. One way to lower costs is to shop effectively and look for how to save on business insurance rates since every nearly every commercial enterprise needs insurance.

Get the Right Insurance

Business owners need to be aware that when they drive their car, truck, or van for commercial purposes, they need to purchase commercial auto insurance. This can be for one vehicle or for several vehicles, but premiums can get expensive.

Just like people need auto insurance for the vehicles they drive for personal reasons, they also need to purchase commercial auto insurance for the cars they drive for work. Commercial insurance has a different risk category than personal lines.

Hire Safe Drivers

Safe driving is a key step to keeping costs low. If there is an accident when the owner or an employee is driving for the business, the business insurance policy will cover the vehicle and the protect person driving, but an at-fault accident will increase rates. This is why it is important to hire scrupulous drivers and screen them in advance.

Drivers with clean driving records are the best choice as they present less risk and can save you a lot of time and hassle in the long run. It may be difficult to find several drivers who have completely clean records, but business owners can weed out those with checkered records as they can raise
business owners’ premiums.

Also, if a business owner has multiple vehicles, it is best to combine them onto one policy so as to take advantage of multi-vehicle discounts. Many of the top auto insurance companies offer great policy options for business owners.

If you have drivers putting on a lot of miles, it may be wise to put them through a defense driving training course. Some insurance companies offer discounts to drivers who attend safety courses. By having their employees in these courses, business owners may be able to lower their insurance rates. Check with your company to see if this discount is available.

Raise the Deductible

As with personal insurance policies, business insurance policies have a deductible, the amount of money that the business owners will pay if their vehicles are involved in a car collision. When the deductible is higher, the insurance company will lower the insurance premiums. However, Business owners must be sure they have the funds available to pay the deductible if their drivers are involved in a vehicle collision before they choose one that is too high.

Consider Different Payment Options

By choosing the right payment options, business owners will save a lot of money on their insurance premiums. First, they can opt to pay their premiums all in one sum rather than on a monthly basis. This option helps them save on the administration fees the insurance company charges for month-to-month payments.

Business owners will receive up to a 10 percent discount from some insurance companies for paying their premiums up front. If business owners find it more affordable to pay their premiums by the month, they may be able to save on the administration fees if they sign up for electronic payments. This option also prevents them from being susceptible to having to pay late fees because the amount will be debited from their bank accounts on a set date.

What’s stopping you from having the right insurance for your business?

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Author’s Bio:
Jason Nelson writes about driving safety tips and how to save from top auto insurance companies at BestCarInsuranceCompanies.net.

Thank you, Jason! Great information!

–ME “Liz” Strauss
Work with Liz on your business!!

Buy the Insider’s Guide to Online Conversation.

Has Sexual Harassment Ever Impacted Your Ability to Do a Job?

Filed Under Business Life | 2 Comments

For most female workers, sexual harassment and their paths will never cross. For some, however it is an all-too frequent reminder there is still a ways to go in society, relating to treating women with respect at work.

While sexual harassment cases against men on the job do occur, the abundance of cases involves female workers being the targeted victims.

Simply put, sexual harassment is defined as any unwelcome sexual advance or conduct at the workplace that leads to an intimidating, hostile, or offensive working environment.

According to information for the year 2010 from the Equal Employment Opportunity Commission (EEOC), employers who were unable to protect themselves from sexual harassment claims filed with the agency recovered damages with settlements accumulating more than $48.4 million.

If you’re unsure exactly of what sexual harassment in the workplace constitutes, note that it can take on a number of different forms, including:

In the event you feel like you’ve been the victim of sexual harassment in the workplace but did not react, there are several steps to take. They include:

At the end of the day, your employer is held responsible for the workplace actions of each and every worker under its employ.

To let sexual harassment actions go unpunished is not only a crime, but a slap in the face to the many hard-working women (and men in those cases who are harassed by women on the job) who simply want to show up day in and day out and do their jobs.

As a career woman, have you ever encountered sexual harassment along the way? If so, what did you do about it?

Photo credit: singlemindedwomen.com

Dave Thomas, who covers among other items business proposals and small business loans, writes extensively for Business.com, an online resource destination for businesses of all sizes to research, find, and compare the products and services they need to run their businesses.

 

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