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Are You Honoring Your Entity?

January 27, 2008 by Elizabeth Potts Weinstein · 1 Comment 

What is the legal entity of your business? 

If you respond "I don’t have one" that means you are either a sole proprietor or a partnership (if there are two or more of you).  You may need to form a new legal entity this year — but that is a topic for another blog post.

If you have business that is a separate legal entity from yourself — a corporation, Limited Liability Company (LLC), or another such entity — you need to be honoring that "separate-ness."  Small business owners, especially one-person shops, commonly are being too casual about business practices, ignoring the "red-tape" of administering a corporation or LLC.

Why does it matter, especially if you are a one-person shop?  Read more

Leverage by Delegation: How to Get More Done in Less Time

January 25, 2008 by Elizabeth Potts Weinstein · Leave a Comment 

Everything you do should be tied to your passion — what you uniquely have to offer the world.  Not filing, not answering the phone, not email tag, not keeping the books. 

Many business owners first try to replicate themselves, with the idea that they only want to hire people who can create more money, bring in more clients, or sell more products.  But that’s the wrong place to start.  Read more

Prioritizing Your Profits

January 24, 2008 by Elizabeth Potts Weinstein · Leave a Comment 

As your business starts to produce an income, how should that money be spent?  Invested back into the business, for growth?  On personal expenses?  When do you start paying yourself a salary?  When should you start your retirement plan?  Read more

Big Visions versus Realistic Expectations

January 24, 2008 by Elizabeth Potts Weinstein · Leave a Comment 

Did "The Secret" movie & all the "Law of Attraction" stuff out there cause us all to forget reality? 

Yes, it’s true that with big visions, setting powerful intentions, and asking the powers that be for what you want, can be amazing and powerful — and get you results.  But most of us are making 2 huge mistakes when we try to apply these principles to our life.  Read more

Get on TV in 2 Weeks!

January 18, 2008 by Elizabeth Potts Weinstein · Leave a Comment 

Last night was my first time on television — you can see the video at:

http://video.nbc11.com/player/?id=206640

So what’s my secret? What did I do to get on TV? Read more

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