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A Smarter System: Management Processes for Entrepreneurs
When the crash rate for air travel shrank to 0.04% per 100 million miles, it was not because pilots became smarter—it was because smarter systems were put in place. Expectations placed on pilots became more realistic and training became more...
Fly Safely: Key Leadership Lessons for Entrepreneurs
While traveling by plane recently, I was reading an article about the statistical likelihood of plane crashes. I actually found this article very comforting for several reasons. First, a crash event is much less likely when traveling by large...
Do I Need A Health Savings Account (HSA)?
A health savings account (HSA) is a tax-favored savings account that comes with a high-deductible health insurance plan. If you do not have a high-deductible health insurance plan, you do not qualify for a HSA. If you have a high deductible health...
Should I max out my 401(k)?
If this is really a broader question of, “Should I be saving and investing for retirement?” the answer is a resounding YES! However, a 401(k) is one of a few different avenues by which you can do that. Here are a few things to think about: A 401(k)...
Three Numbers to Know Before Launching A Startup
When launching a startup, you face the task of turning inspiration for innovation into a profitable product or service. Ideas are a dime a dozen: the successful startup differentiates itself in execution, and this ultimately comes down to the...
A Common Entrepreneurial Mistake and Three Questions to Help Avoid It
It's a tripping point for many an entrepreneur: spurred by one initial success, you get so excited that you try to build the entire shopping mall instead of focusing on the boutique. An entrepreneur's instinct is to look for new opportunities,...