Employers Will Have to Raise Wages. They Just Don’t Know It Yet. | NYTimes.com

December 10, 2014 ~ knjohn ~ Leave a comment

American employers are the equivalent of a shopkeeper who has a “Help Wanted” sign permanently on display in his window, but never actually hires anybody. None of the applicants who come in offer the perfect mix of skills, experience and willingness to accept low pay that the shopkeeper is looking for.

That’s one way of reading some key measures of the labor market, updated Tuesday, that shed light on what afflicts the economy and where things will go from here.

According to the latest Labor Department data, employers had 4.8 million positions they were looking to fill in October. That’s up 25 percent in the last year and 125 percent since the start of the economic expansion in mid-2009.

But for all these vacancies, actual hiring isn’t in a similar boom. The number of people hired is up only 12 percent in the last year and 33 percent over the five-year expansion.

The SBA and Betide | Jim Ely

December 8, 2014 ~ CBPS ~ Leave a comment

betide

bi-TYD

To happen.

From Old English tidan (happen), from tid (time).

Betide is often shortened to tide or tidings. Such as when Luis Van Pelt declared in a Charlie Brown Christmas: “Fear not: for, behold, I bring you good tidings of great joy!”

______________________________________________

TIP OF THE WEEK

Good tidings for the restaurant industry.

Driven by stronger sales and traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a solid gain in October. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 102.8 in October, up 1.8 percent from its September level. In addition, the RPI stood above 100 for the 20th consecutive month, which signifies expansion in the index of key industry indicators.

According to the SBA, restaurants obtain more SBA 7(a) loans that any other business type.

If you would like a copy of the National Restaurant Association’s Restaurant Performance Index for October let me know.

Continue reading “The SBA and Betide | Jim Ely” →

Gifts for Employees – Great Holiday Gifts for Your Staff | Business News Daily

December 8, 2014 ~ knjohn ~ Leave a comment

Your employees work hard all year long, and there’s no better time to reward them than during the holiday season. You may not be able to give them big bonus checks or send them on expensive vacations, but a small token of appreciation from the boss can show your staff how valued they are. Here are 18 fun holiday gifts you can give your employees for less than $50

The 10 Communication Commandments That Drive Reputation And Business | Forbes

December 8, 2014 ~ knjohn ~ Leave a comment

I have come to a bold realization this week: Researchers predict that reputation score will soon matter more than credit scores for individuals and businesses in the burgeoning “reputation economy” now emerging online.

However, a new SaaS software company, The World Table, believes the issues of bad or insufficient reputation are entirely fixable. All it would take is adherence to 10 easy rules. The curator of these practices is my personal friend Randall Paul who has quietly been refining these principles (along with a new technology platform) together with co-founder and partner Bryan Hall over the last several years.

An Entrepreneur’s Guide to Buying Health Insurance | All business

December 8, 2014 ~ knjohn ~ Leave a comment

Most entrepreneurs are solopreneurs or have less than five employees. This means that you’re not required to buy insurance for employees (obligation begins at 5o full-time employees) and it probably doesn’t make sense for you to have a company plan. In other words, you will be buying your insurance from the individual plan market. Here is a guide to buying health insurance in the age of the Affordable Care Act (ACA).

Decide Where to Buy

The ACA (often referred to as “Obamacare”) has made it much easier to buy individual health insurance plans by setting up a federal webstore: healthcare.gov. You can browse for plans available in your zip code, compare what they offer, and enroll in a policy of your choosing — all without leaving leaving the website.

The Next Big Thing You Missed: New Apps Instantly Convert Spreadsheets Into Something Actually Readable | WIRED

December 5, 2014 ~ knjohn ~ Leave a comment

Dave Story is building a mobile app that can instantly transform an Excel spreadsheet into something you can actually read.

It’s called Project Elastic, and he unveiled the thing this fall at a conference run by his company, Tableau. The Seattle-based company has been massively successful selling software that helps big businesses “visualize” the massive amount of online data they generate—transform all those words and numbers into charts and graphics their data scientists can more readily digest—but Project Elastic is something different. It’s not meant for big businesses. It’s meant for everyone.

Is Your Idea Actually Terrible? What to Know. | Entrepreneur

December 5, 2014January 22, 2015 ~ knjohn ~ Leave a comment

Sometimes, bad ideas happen to good people. We talked to a panel of experts in innovation about what bad ideas have in common to help you recognize them when they happen and figure out your plan of action.

The problem only you have. Just because a solution works for you, it might not work for anyone else or make good business sense, says Jonathan Axelrod, managing director at Entrepreneurs Roundtable Accelerator. Don’t assume that your needs are the market’s needs.

The idea you’ll monetize later. Finding a path to profitability is essential in testing the viability of an idea and whether it can find success. Crunch some hard numbers, suggests Greg Grove, an attorney at Chicago’s Much Shelist, and know what the cost to acquire customers will be, when you might break-even, and if it’s not too late to really reap the profits you think are available. After looking at the data, says Grove, “an idea that might initially look good, might be less good than you think.”

5 Tips For Making Time For Yourself Despite Competing Priorities | Forbes

December 5, 2014 ~ knjohn ~ Leave a comment

One woman recently asked me, “How do you go to work all day, attend several meetings, then come home and make dinner and tomorrow’s lunch and go to bed early enough to get enough sleep so that you can do it all over again tomorrow? Is there a way to get all of this done – oh, and find time for exercise and meditation as well?” Here are five tips I use to create more time in my day while being bombarded with demands.

1) Just say No

The key to creating more time is to start saying “no” to requests and obligations that you don’t want to fulfill. It’s kind of like cleaning out your closet. At first, you think everything is necessary. But once you begin getting rid of hangers from the dry cleaners and creating more space, you gain momentum. By the time you’re done, it feels great!

3 Ways to Fix Unproductive Meetings That are Costing You Money | Inc.com

December 4, 2014 ~ knjohn ~ Leave a comment

“Meetings are indispensable when you don’t want to do anything.” observed American economist John Kenneth Galbraith.

If Galbraith’s quote makes you smile and nod in agreement, you’re not alone.

Meetings are a necessary part of every organization. They are where plans are made, goals are set, and reports are given. They offer the opportunity for dialogue and problem solving, as well as the chance to get to know colleagues better. They can even make people laugh. When conducted well, meetings can help everyone be more productive. Sounds great, doesn’t it?

Buying Girl Scout Cookies Online: Thin Mints Finally Reach the Web | Businessweek

December 4, 2014 ~ knjohn ~ Leave a comment

Buyers in the Girl Scout cookie market are of two types: people who are pressured, on behalf of a co-worker’s daughter, into purchasing three boxes of Thin Mints, and people who desperately want to buy three—OK, six—boxes of Thin Mints but can’t find a girl scout fast enough or persuade her to accept your credit card.

If you’re the first type of cookie buyer, the Girl Scouts of the United States of America can do nothing for you because, frankly, Thin Mints are delicious and you shouldn’t need any additional persuasion to buy them. But if you’re in the second camp—the person who can’t find cookies—the scouts understand your cookie-related pain and want to help. “The No. 1 reason people say they don’t buy our cookies is they couldn’t find a Girl Scout,” says Kelly Parisi, chief communications director of Girl Scouts of America. “We needed a new way to approach the consumer.”

That’s why this year, you’ll be able to buy Girl Scout cookies online.