We live around other people and there is always a possibility that we need to borrow or lend something from or to them. We go to public library and borrow some books when we need to read books for free. You may need to lend your shoes to your sisters. Then, you may get emergency call and need someone to lend you their money. Well, borrowing and lending will take process and you will return and get back what you borrow and lend.

Actually, borrowing and lending is all about faith and it may need some exercise to create this faith. People lend you money or things since they believe that you will return what you have borrowed. That’s why, to keep this relation healthy, we need to establish such good habits as borrower. Are you wondering how to borrow money with such good habit? Here are some good advices taken from topratedcashloans.net that you should build if you want to be a good borrower, especially in borrowing money.

First, if needed, you should express your purpose in borrowing money. Not all people will ask you about your intention in borrowing money, but some may like to know about it. It will be a good idea to make them understand they you will borrow the money with a good reason. Of course, when you borrow money from such lending firm such as a cash loans company, you don’t need to tell your reason explicitly. The point is just being reliable to yourself and to your potential lender about the reason of your loan.

Second, pay the debt on or before the due date. You should remember that it is not a good practice to make your lender waiting for your payment since he or she may also need the money for other purpose. Your lender may wait for your payment and count on your promise, so you shouldn’t fail them. If you keep delaying your payment, the lender may become hesitant if you ask them for money next time. Many relationship ends up bad way because of delinquent loan payments, so ensure that yours will not end up the same way.

Third, if you cannot give the payment on time, you should give your lender a forward notice. Well, when you think that you cannot pay back your money on time, please send the lender immediate notice so that they are not expecting for something impossible to happen. That’s why it is important for you to notice the lender when you need to delay your payment. In this case, you should set up another due date and you need to persist on your promise next day.

Next, you can give the lender any collateral. Some cash loan companies may ask you to give them such collateral. Your relative or friend will feel more secure if you can give them something that they can hold till you can pay off. The last, you should return the deed. Since life is unpredictable, your friend may come for you to borrow some money as well. If they are, you should remember to return your deed now in the sake of your friend.


Why sell your home yourself? commerce a home by yourself, while not an upscale realty broker, is less complicated than the majority suppose, however it'll take some work on your half. you may be doing lots of things that a true factor would possibly unremarkably do. Follow the Peoria AZ homes for sale guide, and you’ll not solely save several cash, however we’ll assist you create the house commerce method as straightforward as attainable.

1. create Your Home Look nice
Presentation is everything. Home patrons square measure drawn to clean, spacious and enticing homes. Your goal is to dazzle patrons. Brighten-up the house and take away all litter from counter super, tables and rooms. Scrub-down your house from prime to bottom. create it sparkle. straightforward aesthetic enhancements like trimming trees, planting flowers, fixing high-pitched steps, broken tiles, shampooing rugs and even re-painting a pale bedchamber can greatly enhance the charm of your house. Also, confirm your house smells smart. That’s right, clean out the receptacle and light-weight gently scented candles.

Invite a neighbor over to steer through your house sort of a emptor would. Get their opinion on however it “shows.” The stuffed donkey within the recreation room could have to be compelled to head to your in-laws for a minute.

2. worth Your Home Right
Careful to not over worth your home. Over-pricing after you sell a home reduces emptor interest, makes competitory homes seem like higher values, and might result in mortgage rejections once the appraisal is in. Over-pricing once commerce a house is the only biggest reason why several “for sale by owner” (FSBO) home sellers don’t sell their homes with success. the house commerce market dictates the worth (not what you think that it ought to be worth).

One of the simplest ways that to properly worth your house once commerce is to search out out what quantity different homes, almost like your own, recently oversubscribed for in your neighborhood. discuss with home sellers, patrons and verify the $64000 estate listings in your native newspaper.

Typically, if you set the worth of your home at five to ten p.c higher than the value, you're seemingly to finish up with a suggestion near your home’s true worth. Also, you'll attempt conniving the price per sq ft of your home compared to the house commerce costs in your space (divide selling price by sq. footage of inhabitable space). If your house has additional options or different fascinating qualities, you'll need to line a rather higher house terms.

The easiest thanks to accurately worth your house is to contact your native home appraiser.

Finally, set your house terms just below an entire variety, like $169,900 instead of $170,000.

3. rent a true Estate attorney
Even though it’s a further expense, it's going to be knowing rent a attorney WHO can shield your interests throughout the whole dealing. AN skilled realty attorney will assist you valuate sophisticated offers (those with a spread of conditions), act as AN written agreement agent to carry the deposit, valuate complicated mortgages and/or leases with choices to shop for, review contracts and handle your home’s closing method. they will conjointly tell you what things, by law, you want to speak in confidence to patrons before an acquisition and might conjointly assist you avoid unknowingly discriminating against any potential patrons.

In some areas, title firms can handle all aspects of the dealing and have in-house legal departments that may assist you with legal problems that will arise. To find a title company in your space, visit our realize a professional page.

Unless you’re considerably skilled within the home commerce method, having a true estate attorney at your aspect provides peace-of-mind. you recognize you’ve got somebody searching for your interests, not simply the patrons. To find a attorney in your space, visit our realize a professional section.

4. Market Your Home available
Exposure, exposure, exposure. That’s however sellers sell their home quick. ForSaleByOwner.com provides intensive listing exposure as a result of many thousands visit the web site a day. In fact, ForSaleByOwner.com is one in every of the highest twenty five most visited realty websites within the U.S. obtaining many guests wanting to shop for or sell a home each month.

Write Your Listing Ad
While available By Owner.com permits you a extended description of your house than you may afford that during a advertizement, your advertising copy ought to be thorough nevertheless short, straightforward and to-the-point. Long, ornate prose won't create your house sound additional appealing. it'll merely create it more durable for the house emptor to browse. confirm to supply the crucial facts patrons square measure searching for like the house’s variety of bogs, a re-modeled room, etc.

Most home patrons quickly scan ads, therefore it's vital that your house stands out. for instance, you'll need to feature a theme-line like “Priced below market” or “Great faculties.” stand back from business jargon and use language that creates home patrons comfy. Survey our site and see however others have written their ads. you may quickly see that square measure “buyer friendly.” Copy their approach for your ad.

Home Photos: affirmative, an image is price cardinal words
If you're taking a photograph of your home, make sure that the home’s yard/driveway is unlittered. take away bikes, garbage cans and place cars. an equivalent applies for interior shots. individuals square measure wanting to shop for your house, not your possessions. consider piece of furniture as props and also the space a stage. Move things around if you've got to. Also, take several house photos. Film is cheap…your home deserves quality. The additional you shoot, the higher the percentages square measure that you’ll get many specific shots.

Yard Signs
Lawn signs square measure one in every of the foremost vital promoting tools for home sellers. They attract attention to your home. Professionally-produced yard signs (like those we are able to send to you) telegraph to home patrons a “quality” image of your house. Directional signs conjointly facilitate drive patrons to your property, particularly if you are doing not continue to exist a busy street.

Open homes
Open homes square measure typically a decent thanks to attract patrons to your home. Typically, realty agents conduct open homes for 2 reasons; one. purchasers expect them two. they're a decent thanks to attract patrons, not only for the party except for all homes available within the realty Agent’s space (yes, your competition). the very fact is that only a few homes sell thanks to a party itself.

Home Brochures/Information Sheets
It is a decent plan to make AN info sheet (with a photo) regarding your home to provide potential patrons. take into account printing copies of your ad from available By Owner.com to provide to those who visit your home.

The MLS or Multiple Listing Service also can facilitate market your home, notably to realty agents WHO could understand of patrons seeking a property like yours. The MLS could be a directory employed by realty agents to announce to different agents that they need a home available. In several commerce markets, available By Owner.com will place your house on the MLS (for a further fee). However, if a true factor finds you a emptor once seeing your home on the MLS, you want to sometimes pay that agent a two.5% to three commission (the law states that every one commissions square measure negotiable, however).

You are your home’s best salesperson. As each salesperson is aware of, to be effective you've got to essentially understand your product. And WHO is aware of your home higher than you? on no account a true factor, who, altogether probability, has spent solely many moments in your house before showing it to prospective patrons.

Sell your neighborhood also as your house. Show enthusiasm, however don’t get caught-up talking an excessive amount of regarding however “your girl spent the simplest years of her life during this terribly space.”

5. talk terms and settle for a suggestion
When a emptor makes a suggestion (this is commonly given to you directly from the customer or through their lawyer), you must seek advice from your professional person. patrons ANd sellers have an professional person Review amount, that is typically 3 days, to cancel or amend the provide. The provide becomes a contract at the top of the professional person Review amount, and is binding. several of your home’s offers are often sophisticated and contain special clauses that favor the customer.

Purchase Price Isn’t Everything
Carefully take into account the acquisition contract’s different terms and conditions. Too several contingencies will leave loopholes and cause a deal to collapse. particularly avoid contingencies that favor the house’s emptor, like linking the written agreement point in time to the buyer’s sale of their current home. If the customer insists on such terms, embrace a supposed kick-out clause within the contract that may enable you to contemplate different offers if the customer isn’t able to sell at intervals an explicit amount of your time.

Assess Your Buyer’s money Qualifications
Is the emptor pre-approved? what quantity of a loan is that the emptor seeking? Unless you're in a vigorous market, lenders tend to keep faraway from underwriting a deal within which the acquisition worth is above the closest comparable sale and also the emptor is swing but 100% down. If this can be the case, your emptor might not be able to acquire funding.

Know the house commerce Market
How you decide a suggestion can also rely upon market conditions. If the commerce market is slow, you'll feel vulnerable, particularly if circumstances square measure pressing you to sell. confirm any give you settle for doesn't keep you in written agreement longer than thirty days. during a hot market wherever multiple offers square measure seemingly, be cautious of countering over one provide at a time (you might find yourself in legal bother if 2 patrons each settle for your counter offer). even be cautious of offers that promise extra money however contain poor contract terms (long written agreement, multiple contingencies, etc.).

If you're feeling the home’s provide is poor, create a counter provide. seldom could be a initial provide the buyer’s absolute highest worth they're willing to pay. Negotiating is an element of the house commerce method.

Again, your attorney ought to review the main points of all offers.

6. Home Inspections
All commonplace realty contracts square measure aiming to offer the possible emptor the proper to examine your property – therefore be ready. beneath a general review you're obligated to create major repairs to appliances, plumbing, septic, electrical and heating systems – or the customer could cancel the provide. The review also will embrace your property’s roof, also as a white ant review (in some states, house sellers should offer proof that the house is white ant free).

If you're involved regarding however your home can fare once inspected, you'll need to go to your native inspector. they will conduct AN review for you before a possible emptor has one done. This way, you'll address the issues before a emptor stumbles upon them.

Once the inspections square measure complete, the customer makes AN application to a mortgage loaner.

7. emptor Appraisals and different Details
The mortgage loaner can order AN appraisal of your home to create certain they're not paying over the home is price. they will conjointly order a surveyor to create certain that the property boundaries square measure properly set out. they'll conjointly order a title search to see if there square measure any liens against your property. These tasks square measure all the responsibility of the customer and/or their professional person.

At now too, the mortgage company can issue a commitment. Again, the customer (and their attorney) should complete all conditions listed on the mortgage commitment.

Prior to closing, you must apprise your loaner that you simply are paying off your mortgage. once a point in time has been united to, you must contact your utility suppliers and advise them of your final request date.

8. time of day
The day of the closing, the house’s emptor can do a “walk through” of the property to create certain all united repairs square measure completed which the home is within the same condition as once the customer created their provide. If issues arise at now, the closing will still occur with funds command in written agreement to remedy the matter.

Closings sometimes occur thirty to forty five days once you've got signed the sales contract. looking on what state you reside in, you'll shut with AN professional person, or with a title company. At the closing, all monies are collected, any existing loans or liens are paid, the deed are transferred, and insurance are issued insuring a free and clear title. the house vender can receive the take of their place one to 2 business days once the closing.

Don’t Forget to try to to Your Home Work
This gradual home commerce guide could be a general summary of the method once commerce a home. every state has slightly completely different laws and customs as they relate to the dealing method.

Selling a home yourself are often time intense, however the money rewards are often tremendous. With facilitate from ForSaleByOwner.com, the method of home commerce a home by owner as straightforward as attainable.

Big firms ar generally far better at managing their finances than ar little businesses. they need knowledgeable accountants, CPAs on workers and that they rent proficient audit companies. Here ar seven "tricks" little businesses will use to upgrade the management of their economic system and find the results of a giant company.

1. Set longer A/P payment terms. within the nice Recession, several massive firms unilaterally extended their payments to their vendors. They extended the times by that they'd pay their bills to sixty or ninety days. whereas it's vital to pay vendors among the agreed-to terms, attempt to hash out longer payment terms up front before the acquisition. “Thirty day terms” are not any longer the universal customary. Alternately, if income is a difficulty for the corporate, send a note to vendors extending payment terms unilaterally by fifteen days so pay among terms. Most corporations can settle for it.
2. Get paid direct. several massive corporations now not provide credit to any of their customers. Credit may be a privilege, not a right and lately it's seen as too high a risk for many everybody. each company must take credit cards thus customers don't have any excuses for not paying up front. Also, settle for electronic transfer of funds or electronic checks as alternate payment strategies.
3. Was the A/R invoice received? Most customers need to pay their bills on time, however the bills drift or not entered into their method of accounting for payment. several massive corporations follow up with a decision or e-mail to make sure their invoice was received and to search out out once it's scheduled to be paid. If payment isn't received on the secure date, they follow up with a reminder decision. This takes pursuit discipline, however it will yield improved income and lower overall A/R.
4. Use credit cards to pay bills once thirty days. massive corporations use company credit cards to pay associate invoice once it's due (30 to ninety days from purchase). this offers them another thirty days of money flow. This works providing the little business pays the balance of that mastercard each month and doesn't use it as a permanent loan.
5. Bill on time. several massive corporations bill daily and don't wait till the tip of the month. the largest mistake that almost all small-business house owners build is that they are doing not bill a minimum of monthly. This severely limits the company’s income and talent to fund growth.
6. Move to a unique state. several firms move their business wherever the tax burdens (income, sales and property taxes) ar all-time low. These states embrace AK, Hawaii and Maine. The worst states for taxes ar Tennessee, Arizona and Louisiana.
7. Careful accounting tricks. There ar several techniques that giant firms use to "manipulate" sales or profits. Here ar a number of that may be used with the assistance of fantastic accounting advice:
No provisions for dangerous debts although the debts ar recent and also the customers ar out of business.

Recognizing the financial gain of a long contract once it's signed instead of once the financial gain can really be realised.
marketing mounted assets (property, machines, computers) and recognizing the financial gain as traditional sales.
For More Information About Finance Consultan please contact accountants Surprise AZ

As CEO of an organization dedicated to providing a full continuum of care for seniors in multiple retirement communities, I have learned a thing or two from our senior residents about living long and living well. What they may not have known while sharing their wisdom with my staff and me is that among their advice for daily living lies a treasure trove of business tips as well. Below I share with you some of my favorite pieces of advice and how I have translated them to the business world over the years.

Never stop learning. Graduating from college with a doctorate degree does not make people “life experts.” It does not necessarily make them experts in their field of study either. Business, markets, technology and consumer needs are constantly changing. Don’t become stuck in your ways because that’s how it was once taught. Stay driven and eager to learn. Your mind will stay sharp and your business will have a better chance of thriving.

Communication is key. This is true in business as much as it is in personal relationships. If you cannot communicate effectively with your spouse, the relationship will suffer. If you do not learn how to communicate with your customers, that relationship will suffer as well. Everyone from investors to employees to clients should always be informed and brought up to speed about changes, policies, and expectations in your business. Only then can your professional relationships reach their full potential.

Make a difference and do something that you can be proud of in your later years. When you are a young business owner, words like revenue and return can run your life. However, our elders know something we struggle to understand – revenue and return are important, but not what it’s all about. Through your business, make charitable contributions, or create a product or service that will help people and make a positive difference in their lives. Your community will show their appreciation for it by remaining loyal to your company. You’ll also feel proud of the work you’ve dedicated your life to and your contributions to society.

Find your passion and live it every day. To lead a happy and fulfilled life, people should do what they love and love what they do. If you are thinking of starting a business, make sure your mission focuses on your passion. If you love making music and nothing makes you happier than doing so, music making should be at the center of your business, whether that means launching a musical app, selling instruments, or running a music school. Find ways to involve your passion. Your love for what you do will shine through your work.

Our elders have so much to share about living life to the fullest. If we listen closely, we will find that their wisdom is applicable to all aspects of our lives.

As many people are uncomfortably aware, the recession played havoc with a lot of careers and career plans.  It significantly impacted (mostly in a negative way) many people’s career direction, household income, position title and tenure.  If this happened to you, you might be one of those people who jumped into a position that was less than inspiring, and with a salary below your satisfactory living standards, simply to avoid being out of work entirely.  Now, the economy has recovered, and the price of food, housing and pretty much everything else has risen faster than your compensation.  You think it might be time to ask for a raise.

This is only one scenario that might be prompting a financial discussion with your manager.  Asking for a raise follows as a close second to negotiating salary as one of the toughest career conversations that you will ever need to navigate.  Having some framework for how to approach this subject will increase your potential for a successful outcome.

  1. Never make it about your personal life. You may very well be in a position that requires an increase in your salary in order to make your rent payment, but don’t let that be your reason to ask for a raise.  While appealing to your manager’s emotions may sound like a good idea, this approach will ultimately result in resentment.  Remember, they are trying to run a business, and you should use “business reasons” to bolster your argument.  It’s better to justify an increase because of the market and your position, with solid reasons why you deserve this based on your performance and skills.
  1. Do your research, and build your case. Although it may seem like a good idea to ask your buddies what they are making and compare your salary with theirs, the likelihood of getting accurate, useful results is probably low. Do you REALLY think that your college roommate will tell you the TRUTH about what he’s making? Seriously??!!  Even if they do give you an honest salary, this number doesn’t factor other potential benefits that they, or you, may be receiving, and so it’s not an apples to apples comparison.  After you’ve collected fish stories from your friends about their compensation, you will want to get some additional data to support the assumption that you should be making more money.  There are many web resources that will help you calculate your market salary based on title and years of experience – use at least 3 of these in your research, and have the information handy when you enter into your salary discussion.
  1. Compare your role today with the role you accepted. As you collect data about salaries, you’ll also want to take an inventory of the job you are doing now.  How does your job today compare to the job you entered this company with?  Are you responsible for more people, more budget, training new staff members, mentoring junior people, handling more client activity?  What is it about your job today that would justify more money?  Give solid examples of how you have grown professionally, what new tasks you have taken on, and most importantly, what value you have added to your role and to the company.
  1. Don’t issue an ultimatum.  I’ve heard stories of managers who said, “If you want a raise then go get another offer and we’ll match it.” OK, this is a lazy manager’s way of justifying an increase to her leadership.  Really bad idea #1 (as this may mean your star employee actually does get another offer…and takes it!).  Really bad idea #2 is to threaten to quit if you don’t get a raise.  This will only serve to put your manager on the defensive, prove that your loyalty is to the highest bidder rather than the company and breed resentment in both you and your manager.  Really bad idea #3 is to go get another offer and then accept a counteroffer to stay.
  1. Set yourself up for a productive conversation. Now that you have all of your background information, justification and data about what your market value is, you can schedule a meeting with your manager.  You don’t want to blindside her though.  Either: 1) Set an initial meeting to introduce your agenda, “I wanted to meet with you today to let you know that I’ve been doing some research and I’d like to discuss an increase in my salary with you. When would be a good time to schedule that discussion?” or 2) Address the subject in your regularly scheduled status meeting with your manager, “I’d like to set aside some time with you to talk about my salary.  My role has changed substantially since I started with the company and I’m loving every minute of it.  I also feel that my new responsibilities might justify an increase and I’d like to talk through it with you.”   Giving her the time to think through your case beforehand will likely result in a better outcome for you if you are indeed deserving of a raise.  Allowing your manager the time to look into what options she can give and what the company can offer will get you a more accurate and immediate response when the conversation does occur.

Asking for a raise doesn’t have to be a negative or scary situation.  If you are prepared for your conversation, approach it without emotion, and have an open dialogue with your manager, you might be pleasantly surprised with the result!

Help employees map their goals. Too often, employees will view their personal career objectives completely separate from their current goals at work. Yet much of what your employees do on a regular basis supports long-term career trajectory and builds valuable skillsets. Employees feel stressed when they are working hard at their job because they don’t feel like it’s doing much for their career. Managers should help employees map out their goals so they can see the connection between personal and work goals, how and when they intersect and why certain goals should remain top priority.

Be transparent. Give employees a way to visualize their future. Not knowing what’s around the corner can be a stressful experience. Be transparent about where your employees fall in the company organizational structure and what they need to do to advance. Offer feedback on projects and tasks to employees understand how to improve. The more transparency you give to employees and what their future could be with your company, the less stressed they should be about the unknown.

Be flexible when it matters. “Workplace flexibility” is in high demand, but the lack of flexibility truly becomes stressful when work clashes with home-life activities in a negative manner. Organizations might vary on how much flexibility employees receive day-to-day, but managers should know when to grant flexibility to individual employees. Don’t be so stringent that employees have a hard time balancing work and life, or don’t have the means to attend to important family matters.

Give employees purpose at work. Employees, especially of younger generations, are in search of jobs that give them meaning and purpose. They want to know how they are contributing to the bigger picture. It’s stressful to be tasked with assignments when it’s unclear how they contribute to the growth or future of the company. Align employees and managers and ensure tasks are not only aligned with big company goals, but that employees understand how their work impacts your company at large.

Tell them why they matter. Before stress even exists, managers should be fostering a workplace where employees know why they matter and are confident in their abilities to perform well. Managers should evaluate goals and progress regularly with employees so there is room for feedback and positive reinforcement. If you truly value your employees, there is no reason they shouldn’t know it!

To lead well and to accelerate the growth of your business, you need to have firm grasp on the productivity of your business and the engagement of your employees. The speed of growth for you and your start up depends on how well you analyze and respond to critical metrics. Indicators such as profit and revenue, website conversion rate, and overhead costs are must-haves. Here are three other key performance indicators that can help you run a tight shop:

Employee Productivity 

After you have built and released your product, you need to take your business to the next level in order to see growth. Measuring employee productivity on your executive dashboard will give you insight on the performance and morale of your team. Productivity is one of the “most important determinants of the standard of living” for a group of people according to Forbes writer Bill Conerly. You can track employee productivity by measuring the number of deliverables your employees complete per week or per day.

Measuring productivity can also help you determine bonuses and employee promotions. Some employees may not be as productive per hour as others at a certain task – that could be a good indicator that their strength may be in another area. Analyzing productivity gives you insight to the morale of your team. Employees that are more positive and engaged are more successful.

Make sure certain team productivity metrics are available to see on the general company dashboard. Employees can see how much they accomplished in a day and how far they need to go to reach their goals. We do this at Grow and it encourages a competative, yet collaborative atmosphere. Employees recieve positive recognition and work harder to reach their goals. We’ve seen the dashboard boost our company culture and improve teamwork.

Personal Productivity

Business mentor and Forbes contributor Siimon Reynolds encourages entrepreneurs to raise their personal performance standards in order to prevent stagnation. Even when business is going well, it is important to maintain high expectations for yourself. Reynolds comments that solid business results start “inside the head of the business owner.” If the leader is not performing to a high standard of excellence and executing their vision of success, employees will notice and their motivation will decrease. Measuring your productivity as a leader will improve your awareness and help you be a strong example to your team. You can customize your Grow dashboard to include your goals and personal productivity metrics that only you can see.

Turnover Metrics

Although you want your employees to be high-performers, you don’t want them to experience burnout. Employees that work excessive hours are more likely to become disengaged and look for other opportunities. Measure your employee hours and keep a close eye if a particular employee is consistently overworking. Stagnant productivity and turnover can be expensive, especially after you have invested in training and developing your employees. This is also a metric you may want to keep on your personal dashboard as you manage your business.

Productivity and employee-specific metrics are essential to your success as a leader. Use the dashboard to track these metrics to help you make better decisions and lead with confidence.

Let’s face it, meetings are a necessary evil. It’s that part of business that actually incites forward motion and gets things really going, but when there are too many meetings, your productivity can (surprise!) come to a complete standstill. As industries evolve and corporations grow and diversify, meetings have a tendency to grow with them—both in frequency and scope.

So how can you stay organized enough to cope with the trend in a growing business? And seriously, can you actually regain productivity from an overly-communicative world? Here are four steps you should start taking right now.

Create and Share an Agenda

Nothing wastes time more than a pointless meeting, and nothing makes for a pointless meeting more than a missing agenda. Writing for Entrepreneur, adaptability coach Jeff Boss emphasizes not only the need for an agenda, but also how to properly use one:

“Ideally, this is done earlier than five minutes before the meeting begins. Attendees need to know what the meeting is about so they can properly prepare for it. It’s when people don’t know what to bring to the meeting that those meetings become unproductive, because now another meeting will have to be established to backfill the agenda that was never served from the first one.

Have a preset agenda at least 72 hours ahead of time. Of course, last minute details will always arise, so just highlight and then repurpose them for the following week’s agenda.”

Properly Manage Your Time

Closely related to establishing an agenda is making sure the allocated time is properly used. One of the most important steps in managing this resource is ensuring the meeting begins and ends on time.

“Time is a precious resource, and no one wants their time wasted,” writes Ruth Hill, for MindTools. “With the amount of time we all spend in meetings, you owe it to yourself and your team to streamline the meeting as much as possible. What’s more, time wasted in a meeting is time wasted for everybody attending. For example, if a critical person is 15 minutes late in an eight person meeting, that person has cost the organization two hours of lost activity.”

Once the meeting is underway, keep it moving. Don’t allow any one point to bog the entire meeting down and run overtime.

Take Notes

Another area where many individuals fall short is not properly documenting meetings. Every time a meeting occurs, someone should be assigned the task of keeping notes of what was discussed, what goals were set, tasks delegated and who will be handling them.

Keeping notes serves two purposes. First, it subtly emphasizes the importance of the matters being discussed in the minds of the attendees. Second, it makes it easy to follow-up after the fact with the correct individuals.

According to Audra Bianca writing for Chron.com, a simple rule of thumb would be to, “separate notes into categories, such as items to complete for the boss, issues or projects to follow up on with co-workers, information related to your work assignments and information on training and professional development.”

Additionally, “If you don’t follow up by moving information from notes to their appropriate destinations, such as client files, project documents, calendars, to-do lists or emails, it will be easy to miss an important deadline or omit a salient detail from a project,” says Bianca.

Review Before Adjourning

Another important step that is often overlooked is reviewing the information that was discussed and the assignments that were made before ending the discussion. Dave Kerpen, CEO of Likeable Local, describes the process he uses:

“During every call or meeting, no matter how short it is, I won’t end the discussion until everyone clearly understands their next steps, and until I’ve actually begun any next steps of my own.

A good rule of thumb is to reserve 20% of every minute to review next steps. If it’s a five-minute meeting, take one minute; a 30-minute meeting, take six minutes; or an hour-long meeting, 12 minutes. During that time, make sure everyone understands what they need to do next, and if there’s time, begin the next steps in earnest.”

By setting aside that time to review the next steps, everyone walks away with a clear understanding of not only what needs to be done, but also how to start working on it.

Meetings are a fact of life and–for some–a part of their job that is likely increasing in frequency and scope. By using agendas, keeping close track of your time, taking notes and setting aside time to review what happens next, you can go a long way toward making sure your meetings are productive.

Fortunately, as the former U.S. Small Business Administration’s Entrepreneur of the Year (and recovering jackass), I get asked to help grow businesses in nearly every industry. Unfortunately, and sadly as a business owner who once practiced the dark art of “Jackassery,” I can empathize with nearly every poor decision they are making because I used to make the same poor decisions as well. My friend, when banks refer me to a business to help them grow or to “turn the ship around” I often see businesses that are crashing and burning firsthand.

Because I’ve personally witnessed these implosions and explosions so many times, I’ve identified five reasons that can account for every failure I’ve witnessed. In the spirit of full disclosure, I must say that I haven’t had the chance to work with an entrepreneur in the clay pigeon or petting zoo industries, so I cannot speak to these industries from experience. Thus, if you are in those two industries, these five habits that cause entrepreneurs to fail, don’t apply to you. However, for everybody else, as you read these habits and false beliefs, ask yourself which one sounds most like you. What are you going to do to begin improving upon yourself and your mindset today?

Habit #1: The Entrepreneur Is an Excuse Maker

It makes me want to fish slap or at least club the entrepreneur in the shin when I hear them give insane excuses for their slacking. I wish I had a dollar for every time an entrepreneur has told me, “You know, I wanted to get it done, but I ran out of time. I just don’t have the downtime that you have.”

Are you kidding me? According to a Nielsen Report that was published in the New York Daily News, the average American is now watching 5 hours of TV per day. Now I am sure that you are one of the few America’s who does not watch any television and that you are not practicing the “Dark Art of Jackassery” as I once did. I literally used to watch TV, stay up late and then have the audacity to tell my wife and others that, “I just didn’t have the time. I just literally ran out of time. I am totally maxed out.”

Today, I have five kids, one wife, and multiple businesses I personally own. This blog itself was written a little each day between the hours of 2:30 a.m. and 5:00 a.m. using 1-hour devoted chunks of time. I’m not awash in downtime. If you cannot make time to change your life, I understand the cash-repelling forces that are causing you to struggle. My friend, you are experiencing the super-natural wealth destroying habit force we know as, “Jackassery.”

Correction…I know that you do not need to make a change and that other people are probably the problem, so please forward on these timesaving tips to them.

  • Step 1 – Don’t take lunches again…ever…until you find the time to change your life.

Clay Clark - Habits that cause entrepreneurs to fail

  • Step 2 – Drink EAS Myoplex meal replacement shakes or something similar to fuel your body. 
  • Step 3 – Don’t ever watch television again until you have the free time needed to change your life.
  • Step 4 – Cancel your cable or satellite service. I’ve done it. It’s glorious and you’ll be amazed how much time and money you free up when you aren’t spending your nights flipping mindlessly between parts of shows and reality TV shows about people making poor life choices and couples that want to swap husbands. If you want to watch this crap, just go to your office and ask the people around you about all of their drama. You probably have the makings of great reality show right in your own office.
  • Step 5 – Avoid the people going nowhere who want company. You simply cannot afford to spend time with idiots, negative people, and people quickly going nowhere until you find the time to change your life. Once you have found the time to change your life, please feel free to indulge your inner dark urge to waste hours upon hours talking to people about why they don’t like about our current president, religious differences, why another country’s currency is in trouble, and political differences. Once you really find time to have huge amounts of success, you might even want to host a “Jackassery-Themed Reunion.” At this event, you can invite everyone who talks about things that you can’t control and you can just put on some old school jams and dance the night away while talking about nothing and things that get you upset.

One day while reading something by Napoleon Hill’s book, Think and Grow Rich, it occurred to me, I’m wasting huge amounts of time listening to idiots. They are killing my joy and consuming over one hour of my time per day with all of their Facebook messages, e-mails, calls, and texts. I immediately decided to let them know I was no longer available to discuss “Jackassery.” BOOM! Just like that, I found another one hour per day, five hours per week.

My friend, you must stop hanging out with business owners like the people below. Remember, it was the great inventor and scientist Albert Einstein who once said, “Great spirits have always encountered violent opposition from mediocre minds.”

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  • Step 6 – Calculate your time savings:

Time saved on lunch = 30 minutes per day x 5 days = 2.5 hours per week

Time the average American would save if they didn’t watch TV = 5 hours per day x 7 days per week = 35 hours

Time saved by eliminating stupid conversations = 5 hours per week

Time now available to change your life = 35 hours + 2.5 hours + 5 hours per week = 42.5 hours of free time available to change your life.

Habit Trait #2: The Entrepreneur Is a Blamer

Entrepreneurs who blame the economy, the way they were raised, the weather, the customer, their employees, their ex-wife, the current President, the opposite political party and anything other than themselves for their situation, will never be successful.

For instance, I used to be guilty of placing blame on my employees for my lack of business growth until I spent time with the President of the billion-dollar convenience store chain QuikTrip. He shared with me that the compensation packages I offered should be focused on merit-based pay systems, that I should be implementing the systems found with the Harvard case study-based book, The Service Profit Chain and that I should be using the One Minute Manager as my guide for managing the daily aspects of my business. I quickly realized I did not know who the authors of these books were. I immediately became aware that I had not even heard of these books. I realized that I was in fact…wait for it…suffering from an infection of “Jackassery.” I literally was paying a dumb tax every day as a result of not knowing what I was doing. I was responsible for attracting the wrong kind of workers. Once I corrected my mistake, things turned around dramatically.

My friend, you have to focus on building scalable business systems that and not on blaming others. Don’t run around saying you can’t have success because idiots surround you. Remember it was the great investor Warren Buffet who once said, “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

Habit Trait #3: The Entrepreneur Is Dishonest

I constantly see entrepreneurs who would rather give false praise to everyone than candidly and constructively criticize anyone including themselves. This is very bad. This is insane. This is “Jackassery” 101. If I work for you and I do a good job, you should let me know. If I work for you and I do a poor job, you should let me know. You must be candid and transparent all the time. If you are telling everyone that they are doing “a good job” so as not to hurt anyone’s feelings, you are setting yourself up for failure. Furthermore, if you are cheating your employees on their paychecks or lying to customers, you are also going to fail. Jack Welch, the former CEO of GE whom many consider to be one of the most productive CEOs of all-time describes top leaders as, “Underneath, you would surely see that the best care passionately about their people—about their growth and success. And you would see that they themselves are comfortable in their own skins. They’re real, filled with candor and integrity, optimism and humanity.”

Habit Trait #4: The Entrepreneur Is Lazy

Over the years I’ve had the opportunity to personally interview billion-dollar business owners, millionaires, and countless successful people. What I have found is that they are all hard workers, vigorous learners, and people with a work ethic that is two times more intense than the average person. Show me an entrepreneur who sleeps in and shows up late, who does not have the time to read, and I’ll show you a failing entrepreneur or the stubborn man / mule hybrid that I used to be called, a jackass.

An entrepreneur who won’t take the time to read is committed to staying stagnant, and is making a very expensive decision. The bestselling author and renowned business speaker Brian Tracy was correct when he once wrote, “No one lives long enough to learn everything they need to learn starting from scratch. To be successful, we absolutely, positively have to find people who have already paid the price to learn the things that we need to learn to achieve our goals.”

One such entrepreneur that has pretty much “been there, done that” and succeeded who you might want to check out because he has lived a lot longer than most of us, is 91-year-old entrepreneur Jack Nadel. He wrote the award-winning book, The Evolution of an Entrepreneur, and basically outlines everything he’s learned in a way that’s easy to absorb and incorporate into your startup (unless you truly are lazy and don’t want to learn from others to get a head-start). Jack is recognized for saying practical and realistic things like, “You know if you have an original idea, you think you’re the only guy that ever had that idea? Nonsense! If it’s any good, someone had the idea before you!” So go and research those that have tried your ideas, whether they achieved success or not, because you can learn from them.

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Habit Trait #5: The Entrepreneur Is Convinced He Knows It All

I never cease to be amazed by entrepreneurs who haven’t read a book since college, who don’t know the first thing about creating scalable and duplicable business systems and who have no idea what they are doing but are 100 percent convinced that they are on track for success. These people then act baffled each week when they go to the bank to cash their small checks. Trust me, I used to do this.

It’s not bad to admit you don’t know it all. Own up to what you don’t know, learn, and then implement proven systems for success, then watch your checks grow. As an example if you are serious about learning to sell make sure to read Soft Selling In A Hard World by Jerry Vass, Ultimate Sales Machine by Chet Holmes, The New Conceptual Selling by Robert Miller and Relationship Selling by Jim Cathcart. Once you learn how to improve the sales aspect of your business you will begin to prosper. But as long as you don’t know what you don’t know it will hurt you.

Clay Clark is the former United States Small Business Administration Entrepreneur of the Year, an award-winning speaker, and the founder of the Thrive15.com online business education platform designed to help people to start a business, grow a business or advance in their careers. Clay enjoys avoiding direct sunlight, chasing his gorgeous wife and their 5 kids around when not focusing on Thrive15.com, which offers business skill training in 15-minute videos taught by world-class mentors, millionaires, and everyday entrepreneurial success stories.