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15 Reasons to Change the Date of Thanksgiving

Thanksgiving in Canada is held on the 2nd Monday. Maybe we should, too.

I love Thanksgiving but it’s got to go. Let’s do something about it now while there is a full year to get organized.

Here’s why: there’s just not enough time between it and Christmas. If you don’t celebrate Christmas, Hanukkah or other religious holidays in December, there’s not enough time between it and the end of the year because of the time taken up by all those other people who are celebrating.

Do you find yourself  agonizing over what to do?

• Get work done for pay or get work done to keep connected to friends and family. Shopping, decorating, and card writing is work, too?

• Focus on fun, family and friends, giving donations of time or money or both to causes we support or be professional and concentrate on end of the year business stuff – closing out the books, preparing for next year, making final sales quotas, finishing projects or reports?

What are the benefits to moving Thanksgiving?

Lots — for retailers, drivers, teachers, students, the community, the US government, airlines, therapists, police, tax collectors, November birthday people, environmentalists, even turkeys. They have economic, social, educational, and environmental implications. These benefits save and create resources that a November Thanksgiving does not provide.

  1. Black Friday would be earlier and retailers would have longer to make the year happier and more profitable.
  2. Capitalism would increase because more customers could visit more stores more often.
  3. Cities and states would get more sales tax dollars.
  4. It might ease traffic and reduce accidents on the streets and in and out of parking lots because there would be more time to shop instead of everyone trying to get around town at the same time.
  5. Government offices and agencies would have more staff available since everyone would not be on vacation basically from November 20th or so onward. That means they could get more done, spend more locally, and make their vendors happier.
  6. We would save energy because Thanksgiving travel would be at a warmer time of the year. Less delays, nicer weather. Airlines, trains, and buses would see their cash flow even out and not need to make their profit in 4 weeks.
  7. Teachers could get a break earlier to catch their breath after all the rush of getting school started.
  8. Students would love getting two days off sooner.
  9. People born around in November would have a birthday that was just for them and not bracketed by another event. As one of those, I am all for that.
  10. People would be happier and less stressful so there should be less need for therapists at this time of year. This would free those hard working psychologists, psychiatrists and social workers to be with their friends and their family.  That way, they would be happier and less stressed, too.
  11. There would be less bad behavior and violence in November since there’s no need to hurry through Thanksgiving to have enough time for Christmas or other holidays. This would free up the police or at least give them a break before holiday break-ins, shoplifting and New Year’s DWI’s.
  12. Turkeys would live longer. (As a vegetarian this is not very meaningful to me but I am sure it is to them.)
  13. I would get all my work done.
  14. My staff would be happier because they would have more time to get things done, too.
  15. My staff and I would not have to choose between our jobs and our families and friends — and neither would all those other business owners out there and their employees.

Who would like to move Thanksgiving? We all should.

Look at all the advantages. We could even bill this as the new way to improve the economy.

Moving it was not my idea but I think it is a good one. My friend Anne suggested it originally. Her comment came out of high frustration – too much to do and too little time. She says Thanksgiving is a harvest celebration. Her argument is November is not harvest time in most places. And, that’s true.

Who wouldn’t like it? Purists.

We change other dates. I know it would take a mind change and a few other things. Moving Christmas is out of the question. It would have more benefits than changing daylight savings time which is a made-up thing anyway.

How would we do this?

I suggest we follow the Canadians and put it in October. They follow plenty of American traditions. Turn around is fair play. (My friend Chris G. says they hold Thanksgiving in October because it is too cold to hold it later.)

No matter why they do it, I think it would be great. We would be ok if we held it in October – still on a Thursday following US custom, say mid-month, then we wouldn’t run into that other major holiday, Halloween.

What I say is “Go Cannucks!” October Thanksgiving here we come.

What do you say? Would you vote to move Thanksgiving?

Thanks Anne for a wonderfully inspiring idea.

Before I start a petition, find a sponsor for a Constitutional amendment or set up a PAC, I want to hear your comments and opinions. I really do.

Do you have another suggestion on how to survive during this time of year and not start the new year exhausted?

Photo courtesy of ryanjunell.

Bloggers Helping Bloggers

secret-cabal-logo1I think I am pretty organized. I think I am disciplined. But, boy oh boy sometimes I need a little help from my friends.

Especially when it comes to blogs. I don’t know about you but I sometimes get writer’s block when it comes to blogs. Or I get started and then get pulled away to do other critical things. So I have several half done that I  really want to finish.

My friend Julie Gomoll and I decided to do something about that for others like me. We are co- hosting our first blogging party get together to “get one done and posted” this coming Tuesday, Dec. 21, 2-4pm at our BSC (Business Success Center) offices Chase Bank Blg 7600 Burnet Rd. We are located across from St. Louis Catholic Church/cross street is Northcross Blvd – go in the tower, not the bank.

The goal: to inspire each other and other fellow bloggers. The clublet is called The Secret Cabal of Bloggers. Click for more info and register at EventBrite.

Bring your laptop and we’ll provide munchies. Walk away with your next post and new friends.

No charge. Not a class. Only requirement is your willingness to share ideas, support and encourage others. “It can take a village of business owners to finish a blog.”

We hope to make blogging fun again.

Hope to see you there.

Here’s to our success!

Making Decisions in Tough Times

Everyone is struggling in this recession. I’ve given this presentation a couple of times now and received really good feedback. I help you figure out not only how you make decisions but also how your partner, boss, or customer makes decisions. My premise is that if you know the motivations behind decision-making, you can achieve your goals much more efficiently.
View more presentations from jantriplett.

Confidence Matters

ConfidencelifesaverLack of confidence robs us all of possibilities and a better future.

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).

There are plenty of books about why people buy. Some of my favorites are in the list on this blog.

But confidence is really “Job #1″. Why do you think the issue of consumer confidence is one of the top economic indicators?

What is The Conference Board saying right now? They see  a mixed bag.

This is the organization that disseminates information and analysis, makes economics-based forecasts and assesses trends including the Consumer Confidence Index©, Consumer Confidence Survey®, and Employment Trends Index (ETI)™.

Their Consumer Confidence Survey®, which is based on a representative sample of 5,000 U.S. households, showed a slight increase in August over July. (Read August 25, 2009 press release)

But according to their Employment Trends Index (ETI)™ September 8, 2009, press release, the  index now stands at 88.1 and is down 18.5 percent from a year ago.

“The flatness of the Employment Trends Index in recent months suggests that we won’t see job growth until the end of the year,” said Gad Levanon, Senior Economist at The Conference Board. “The fact that the index cannot get off the ground is another sign of a weak recovery, perhaps a jobless one.” (Read September 8, 2009 press release)

What can you do?

It is not enough to try to inspire confidence in your business and products or services, if you do not have confidence in others. Who have you recommended or referred people to lately? No one? That says something.

When you are not talking about your business and what you offer, do not make small talk about how “bad” it is. No fooling it is bad. Be constructive instead. What can you share that gives hope? That says something, too – about you and about possibilities.

What is your good news?

Mine is that my good friend is going to stop job hunting and start the business she always wanted to. She will be telling the story of some remarkable women and in the process setting the record straight while making us all feel better and healthier. I can’t wait.

Go, Toni!

How to Get Paid

MoneyrainbowIt’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

1. Ask for something before you start, a deposit. This puts you both on record that payment is expected.

2. No work/no products, no contract. It may not need to be a contract but it needs to be something that says that they agree with the terms of the deal. I have tried starting without something signed and it was always a big mistake. Don’t do what I have done. Be strong. Resist this temptation. It will lead you off course.

3. Know your break even/bottom line for the work or products. Be prepared during these times to give a little if you can for the long term health of your relationship with clients. Just try to make sure you always get at least what you spent out of pocket and its share of the overhead. You may not be pleased with the outcome but you can live with it.

4. Know what you can and can’t do to collect if they do not pay. There are regulations that prevent you from adding fees to bills other than a “reasonable” administrative fee. Check your contracts to make sure you are not in violation.

The Business Success Center is planning a free webinar, “Getting Paid”, this fall. If you are interested in attending to learn more things you can do to make this “necessary evil” more profitable and palatable, please call us at 512/933-1983 or email me at triplett [at] runitright [dot] biz.

Photo by TW Collins

Choosing Business Entity Should Not Be a Popularity Contest

Paperwork sucks

Paperwork sucks

Everyone has an opinion and they are passionate about it.

All you have to do is read a somewhat contentious set of recent posts on Refresh Austin. Back and forth they went for several days. The person who posted that query probably did not think she would raise a firestorm. She did.

And, those who commented weren’t even the usual set of “professionals”. Get a group of them 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.

My question: If you don’t have enough high dollar assets worth protecting, is this really the right choice? Especially since there is limited case law (dating only back to 1977) on Limited Liability Companies in comparison to…

The accountant’s traditional favorite: The Corporation. It used to be they swore that the Sub S or S Corp entity was the place to be.  Why? Taxes, of course. That is, unless you needed to keep the profits in your company at the end of the year. Or if the US Congress hadn’t kept taking away all the reasons to choose it over other forms.

Now a regular corporation, sometimes called a C-Corp, straight C or an LLC is the flavor of the month. And, there’s always the PC. No, not a computer but a Professional Corporation, loved by doctors, and lawyers, accountants and licensed Indian Chiefs.

But I want to know: Do you really want all the paperwork and other hassles of a corporation? As the picture above demonstrates, keeping up with this stuff and staying legal so that some smart lawyer can’t pierce your “Corporate Veil” is time consuming and sucks the life right out of you.

Of course, if you plan to raise investment capital, find partners or sell this sucker and get your money out, generally speaking it will be more valuable and easier if you are a corporation. No promises though.

As someone who has spent 27 years helping owners grow their businesses, I want to add my two cents. In small business management, I have found that the two best choices are:

Be what your best customer wants and expects you to be. Sales and marketing issues may play a big role in your decision and impact your success.

Behind closed doors, Dell Corporation will admit that they want their suppliers to be corporations, too. They don’t want to deal with 1099 tax forms and they don’t really understand sole proprietorship businesses all that well.

You may find this true of status-conscious consumers, other very large businesses or often smaller ones who just feel a corporation or LLC is less likely to fold. (Check with Lehman Brothers customers about this.)

Be what you want to be. Except for the fact that legally you cannot choose to call yourself a Partnership unless you have at least one other person who owns part of the business, you can be anything. You can decide what is right for you.

You can always start out as a Sole Proprietorship. In Texas, you don’t have to even register it although there are some cities that require home-based businesses to register. Then later you can move up the legal formation model to Corporation or LLC. You can move back from being a Corporation to a less complex form, but it is harder. Just ask your lawyer.

I know you don’t want to forget about taxes – including state taxes. Texas says it has no business tax, except it has the Margin Tax, aka Franchise Tax — these are not just for franchises either. Rule of thumb, the simpler the cheaper. So, again a Sole Proprietorship might still be a good choice. (Also good for being able to deduct your health insurance.)

And, what about those liability issues that get most people stirred up? I don’t sell insurance, but I know from working with clients who have legitimate concerns, that generally like the ad says, “there’s an insurance for that”. This could be cheaper than choosing a more complicated business form when you add in the costs of maintaining the records and fulfilling the other requirements of a corporation, for instance.

In the end, what matters most is how you see yourself and how you want to world to see you. There are always trade-offs. Listen, evaluate what you hear and read but choose for yourself.

I like being an S Corp, I think of it as “Status Corp” that I have earned through the professional way I run my business and help others run theirs the right way.

So now, that you have heard my side of the story, what is your take? How did you decide?

Photo credit: chrisscott

Hidden Management Gem

Austin History Center

Austin History Center

What’s a hidden business 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.

Inside the Austin History Center

Inside the Austin History Center

Take some time to explore what it can do for you as an Owner. It is a great “center” of business information because if there is a study or report on Austin, chances are they have it. You can read it for free. You can even copy it but you can’t take it out.

And, it’s a great place to keep up with what’s happening in local government since City Council minutes and other documents. See what everyone REALLY said, promised, etc.

Want the inside story on a local business? They probably have a file on it. Many of us insiders recycle our papers by giving them to the AHC as well as those brochures, white papers etc. we have gotten from you over the years at trade shows, in the mail etc. You can discover a wealth of information there and make your own contribution to the “business history of Austin”.

Of course, it has great information about the people of Austin and who’s who or who was who. If you are new to town, you can set up a score card to keep track of everyone you need or want to know. So, great networking info here. For first hand contacts and preserving Austin consider joining The Austin History Center Association. Nice people and important work.

There is history here of course. This was originally a Carnegie Library and Austin’s first library. Go on the behind the scenes tour for the scoop. And, check out the photo lab. Many of the pictures of Austin you see in the Austin American-Statesman and elsewhere are courtesy of AHC. You can even order some for your office or store – extremely reasonable and unique.

And, if you are into Christmas and model trains, it has been my favorite place for getting into the holiday spirit. (They usually set aside a Sunday after Thanksgiving for the public to enjoy music, decorations, goodies, and meeting railroaders. Hopefully, the economy won’t get to them this year!)

Austin History Center
810 Guadalupe St
Austin, TX 78701
(512) 974-7480

Monday, closed | Tuesday-Saturday, 10 a.m.-6 p.m. | Sunday, 12 noon-6 p.m.

Watch the KLRU Downtown video about the Austin History Center.

What is your favorite business gem?

What’s in a name?

Les Barker at Folk Fest

Les Barker at Folk Fest

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.

After a series of focus groups, the decision was made to keep the most important part – the family name and update the rest. They went from Hastings Telephone Answering Service to Hastings Communication Services. hastingsLogoNothing else changed. They still have remarkable service and win awards. It is a great story and a unique family business.

We chose the name Owner’s View for our blog because it emphasizes what we consider critical to successful business management — taking the owner’s view. Often we refer to it as the 40,000 ft. view because it is too easy to get stuck in the mud and losing sight of the goal of a stable, profitable transferable business.

Getting stuck means you never see the whole picture. It means being reactive and not proactive. And, it can mean the difference between surviving and thriving. We recommend that anyone who is serious about creating a growth business spend at least 10% of their time each month thinking and planning — about 16 hours.

Any less, and you are only getting the manager’s or employee’s view: find the work, do the work, administer the work. Most owners will burn out before too long or let the business go under if they do not spend some time looking holistically at their business.

Considering every decision and action as it may affect another part of the business results in a sustainable, profitable business.  Upcoming posts will help you take the 40K view and keep your priorities in perspective. (Our tag line.)

What do you do to make sure you take the “Owner’s View”?