Category Archives: Tools and Information

10 Practical Ways Less Is More | Life Hack

One productivity issue I come across more frequently than other is a belief that doing more work is good and doing less is bad. However, the reality is a bit more complex than judging effectiveness based on the amount of work a person or organization produces.

In a factory setting, it is a good thing if you can increase the number of units produced while at the same time either reducing costs or, at the very least, not increasing costs. The less is more principle at work — less input to produce more output.

And we can create the same idea for our productivity. Leveraging our skills, know-how and creativity to produce excellent volumes of work by inputting less and producing more.

So, here are 10 ways less is more

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Couple Loses $7,000+ Tax Refund From Being Two Days Late | Forbes

I hate it when people lose out by barely missing a deadline. A recent decision in the Western District of Wisconsin has an important lesson about deadlines. The lesson is that if you are going to rely on special rules to cut things close, you better understand how the rules apply. The couple in the decision, whom I will refer to as John and Jane Toolate – you can read the decision if you want their real names- lost a  $7,386.48 refund by being two days late.

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Customer Appreciation: 10 Ways Businesses Can Show Their Gratitude | AllBusiness.com

With so many different options available for customers, it’s important to recognize and acknowledge the consumers and clients who choose to do business with you. Showing some customer appreciation not only helps people feel valued, but also engages your employees, as it strengthens the relationships between customers and your staff.

There are countless ways your company can show gratitude to its customers, and many of these ways cost little more than your time. To find out what works best, we asked a panel of Young Entrepreneur Council members the following:

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Leaders Discuss Some of the Worst Business Advice They’ve Ever Heard | Small Business Trends

The biggest problem with receiving advice from peers or mentors is that you never know what will work and what won’t. While a lot of successful businesses are born out of the intelligence and ability of their owners, sometimes, people pass on advice they’ve heard — or misheard — without any personal experience to add perspective. As a result, the advice they offer is based on a gut feeling, which may or may not be a boon to your own business: In some cases, the advice they share can be downright terrible for a budding entrepreneur.

To help identify some of the bad advice out there, we asked 15 members of Young Entrepreneur Council (YEC) the following:

“What is the worst piece of business advice you’ve ever heard? Why is it so harmful?”

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2020: Forget the Resolutions Build Your Confidence Instead | Management Consulting Connection

January is traditionally a time of looking forward and looking back. A time to consider the challenges – and failures – of the year before. To set resolutions and plan for a better year ahead. Full of good intentions, these resolutions are usually broken by the end of the month.I have never been a fan of the new year’s resolution. They seem a tad arbitrary – with a fixed deadline 12 months away, made on a whim after too much indulgence over the December weeks. Resolution means ‘a firm decision to do or not to do something’. And that is the issue – they are too firm.

The problem with resolutions is they don’t give you the chance to change things when a change in circumstances happen; meaning you are more than likely going to fail. As a result, you feel like a failure. For example: you may have decided 2020 was the year to get fit, to run 10K, to be your best self. But then a health problem arises, or a family care issue – and you no longer have the ability or time to dedicate to your resolution. It feels like a failure.

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What Are Standard PEO Services? | business.com

A professional employer organization, or PEO, is an organization that provides human resources and payroll services to businesses of all sizes. Through co-employment, a PEO becomes the manager of record for tax purposes and provides employee benefits packages under its own tax identification numbers.

Generally, PEOs offer several HR and administrative services designed to support the needs of a business. Don’t mistake a PEO for an HRO, also known as human resources outsourcing, though. HROs are independent companies that may provide a portion of a business’s HR needs, but they don’t operate under the co-employment model that PEOs use.
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How a university dropout built a toy empire | BBC News

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Nick Mowbray, the co-founder and co-chief executive of toymaker Zuru.

A few years into trying to build a toy business in China, budding entrepreneur Nick Mowbray got a lucky break – a whiff of interest from Walmart.

The US retail giant wanted to visit Zuru’s showroom in Hong Kong. Nick quickly agreed, and promised to send the address. Now all he had to do was set-up a showroom.

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The 1 New Year’s Resolution You Should Immediately Break, According to 3 Nobel Prize-Winning Scientists | Inc.com

A common New Year’s resolution is to “get up earlier.” The resolution is treated as a positive change in lifestyle, similar to “eat more healthy” and “get more exercise.” There is a huge difference, though. Eating healthier and exercising more frequently improve your health. Rising earlier than you’re already rising, by contrast, raises your risk of heart disease and early death.

The 2017 Nobel Prize for Medicine was awarded to three scientists who discovered the molecular mechanism inside the brain that determines one’s natural sleep schedule. This mechanism expresses itself according to your genetics. As a result, humans (like all animals that sleep) have a circadian rhythm that determines when your brain wants to sleep.

About 10 percent of humans (early birds) have a circadian rhythm that makes them want to rise before dawn; about 20 percent of humans (night owls) have a circadian rhythm that makes them want to wake long after sunrise. It has nothing to do with willpower or moral superiority; your genes tell you when you want to sleep.

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Snacking Pod | CoolBusinessIdeas.com

Most of us spend much of our time on the go, rushing to work and shuttling kids to activities. Somewhere in the midst of the hustle, we have to eat. Stak has created a snacking pod to match those lifestyle needs, while aiming to create a long-lasting, eco-friendly product that eliminates the temptation of convenient but wasteful individually wrapped snacks.

Convenience products have been flooding the supermarket shelves for decades, serving the needs of individuals and families who pack food to travel through the day with them. But these conveniences come at a cost in the form of single-use plastic packaging and excessive waste. Plus, the food is typically highly processed and loaded with preservatives. Stak developed an easy, zero-waste way to transport healthy snacks and is hoping to bring the product to market via a successful Kickstarter campaign.

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