The most current LMCI numbers from Texas Workforce Commission for small business ownership in the Austin – Round Rock Metropolitan Statistical Area or MSA (which actually goes from Georgetown to San Marcos) are encouraging. As of the latest data (March 2009), these micro businesses, businesses under 20 employees, represent 86% or more than 29,500 firms and the number continues to grow. (BTW, there are only 169 firms with over 500 employees in this same area.)
This is not unusual. When people get laid off sometimes their only option is to create a job for themselves by starting a business. And the Austin area has been extremely supportive of this. As a matter of fact, it has been used as a major way we have been able to work ourselves out of recessions – six that I know of since we started in 1982. [Read more…]
If you are feeling the sales pinch, maybe it is because you are not demonstrating your own confidence to others.
And, confidence comes first. Without confidence, there is no sale — whether it is healthcare reform, a home, car, job or whatever you have to sell.
I can guarantee you, as a business owner who has been through 6 downturns, what goes down comes up (and vice versa). [Read more…]
It’s no joke not getting paid or getting paid late by customers. We have been through six of these downturns & five upturns since we started. This can always be tough, even in good times,
How to ensure you get something and don’t get stiffed [Read more…]
Everyone has an opinion and they are passionate about what kind of legal form your business should take.
Get a group of business owners together in the same room and the fur really flies on this issue. I know I have done this.
Ask a lawyer. They will usually say: “You must be an LLC.” (As my mother would say, “Maybe they are poets and don’t know it.”) Why? For liability’s sake. [Read more…]
What’s a hidden business management gem? One that makes you feel powerful, all knowing. One that you love to tell those special peers about so they can be part of the inner circle. I have one I want to share with you.
Mine is the Austin History Center. Before you say “Huh?”, this is not a museum although it has exhibits. It is not just about Austin because it has materials — particularly papers — that go beyond Austin, Travis County, or Texas. It is not a library although it has books. And maps, family archives, newspapers — over 1 million items of primary research and published documents from Austin’s founding through today. It is considered one of the US best archival libraries with great archivists to help you find what you did not know even existed. [Read more…]
When people start a business, one of the first things they try to come up with is a name. Why are names so important? Is a table still a table if you call it a chair? Comic poet and songwriter Les Barker has a piece called An Infinite Number of Occasional Tables — because sometimes it’s a chair.
Seriously. More than ten years ago now one of our favorite clients decided the time had come to reconsider their name. They had almost 50 years of history and awards behind it. But, the name did not reflect what they did now. [Read more…]