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Showing posts from April, 2013

The 22 Known Ways to Finance a Start-up

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I was approached by a father and his teen-aged son while hosting a small business exposition some years ago.  The father asked me who to talk to at the exposition to get the $100,000 his son needed to start a business based on his son's "sure-fire idea."  Far too many prospective entrepreneurs assume this is how you fund a business: Go ask someone for a wad of cash and within a short period of time, we'll be rich. Here is a breakdown on the 22 Known Ways to Finance a start-up . 1.       Take a very sharp pencil to your personal budget and your business start-up and operating budgets. Your primary personal source of financing for your business is yourself.   If you try to get a bank or investment company, or even private investors to underwrite your business, and you haven’t put your own money in, how do you think these people will react?   Working with other people’s money is an accepted business practice -- as long as you are ...

How Men and Women Differ

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Source: www.newzimbabwe.com UPDATE: April 23, 2013 Women Handle Sleep Loss Better Than Men Women handle workweek sleep loss better than do men, though job performance of either men or women is impacted by a pattern of less that seven to eight hours per night of sleep. For both men and women, performance deteriorates when sleep is restricted to six hours per night for a week. Worse yet, performance does not improve after two nights of recovery sleep - you'll feel better, but your job performance will still suffer. A study published in 2011 was led by Dr. Alexandros N. Vgontzas, professor of psychiatry and endowed chair in sleep disorders medicine at the Penn State College of Medicine and director of the Sleep Research and Treatment Center at the Penn State Milton S. Hershey Medical Center in Hershey, PA. "After one workweek of mild sleep deprivation, two recovery nights were adequate in improving sleepiness but not performance," said Dr. Vgontzas. "The usual practi...

Making a Living as a Full Life-cycle Residential Designer

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Source:  DMH Design LLC Dana Henrickson's sketch of his family home in the Palouse of Washington. According to statistics released by the IRS, 72% of all the businesses in the U.S. are self-employed entrepreneurs running full or part time businesses.  The types of businesses run from buskers and shoe shine stand operators to writers and authors, attorneys, and other professionals, including architects and designers. Meet Dana Henrickson, a self-employed residential designer who started his business, DMH Design, LL.C., in Seattle, Washington in 2002.  Dana focuses on the niche need for accessibility in new and existing homes, for either older home owners who wish to stay in a home and neighborhood they know rather than moving to an assisted living center away from their home, family and a lifetime of roots.  With our country’s rapidly aging population, Dana’s skills and experience put him in an exciting niche.  The other need is for retrofitted homes for returni...