 Greetings!
I hope you had a wonderful Memorial Day.
As you know, I place a great deal of importance on having an exceptional team of advisers around me. In order to be a great
business person (or a great person) you need great advisers. This could be an accountant, lawyer or coach. It could also be parent or pastor. You have to choose your advisors carefully
and listen to their advice with both your head and your heart. Doing the right thing is often hard. It takes courage to overcome your fears. Your advisers can help you do what is necessary.
A few weeks ago I attended a Business Rich Seminar put on by
Ford and Barb Kyes (Action Coach) and their team. What a powerful day. There were too many great points to recap
everything in this brief format. It was definitely
a day that 'gets you thinking out of the box'.
A couple of items you may want to think about. -
Life by Design or Life by Luck - It is completely your choice.
-
We need to stop saying 'I did not have time to do it.' We all have the same amount of time each day. We do what we think is most important and don't do the things that we deem less important. Are you spending your day on the truly important
things? Let's start saying, 'I chose to spend my other priorities.' That is the honest answer.
-
You get what you focus on.
Focus on success and your likelihood of success goes up. Focus on failure and you will, most likely,
fail. How you choose to focus your energy is critically connected to your potential for success.
-
Parkinson's Law - Work Expands so as to fill the time available
for its completion.
This month I will read The Art of Intentional Living
by Jim Rohn. It comes well recommended
by one of my coaches so I am looking forward to it. I will let you know how it goes.
Have a great June. Best Wishes,  Rick Bisio |
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 Strong First Quarter Results Tempered with Caution
NEW YORK-As retailers close the book on a strong first quarter, they're
sounding a common refrain: Hope for a steady consumer-spending recovery
carries a note of caution. The results so far this year have been encouraging. About two-thirds of
the nation's retailers have turned in earnings that topped analysts'
expectations, with profits up a healthy 26% on average from a year
earlier, according to Thomson Reuters. |
 More Older Americans Start Their Own Business.
YOSEMITE, Calif. - After toiling for three decades
in
finance, it wouldn't be surprising if 65-year-old
Patrick Althizer kicked back and lived off his savings
and Social Security.
But with a spirit not ready for sedentary
retirement - as well as college costs for two daughters - he veered off
to a new career path: leading shutterbugs through the stunning waterfall
areas of Yosemite
National Park.
Althizer has embraced his new vocation with
enthusiasm. He plastered decals that promote his firm, Photo Safari
Yosemite, on the windows of his white Jeep Cherokee, networked with
the folks who run local tourist attractions, and at his daughters'
behest, joined Facebook to promote his
firm, which takes tourists to the best photo-taking spots in the
national park.
Go to USA Today, Click Here |
 Crooked Loan Agents on the Rise.
There are reputable loan agents who provide valuable services to
lenders by connecting them to prospective borrowers. Some take the role a
step further and assemble information that's needed to complete the
loan application, or fill out and submit the whole application for the
lender's approval. Still, scam loan agents have long been a
scourge of the Small Business Administration. In recent years, as
sources of capital have dwindled for entrepreneurs, a new crop of con
artists has surfaced. The SBA issued a notice in March warning
business owners about fraudsters who promise quick or guaranteed
delivery of SBA loans. "Due to the tightening of the credit markets, we
have recently seen more complaints where agents are trying to extract
exorbitant fees based on the claim they can get the loan approved," says
Glenn Harris, spokesperson for the Inspector General's Office, which
investigates SBA fraud. |
 Banks Begin Return to Fee Based Income.
Amid new limits on some of the industry's most
profitable practices, banks are turning back to familiar money-making
strategies: annual credit card fees, monthly checking account fees and
product bundling.
The developments are part of a new era of
consumer banking, analysts say, one with more fees - but also, more
safety nets and disclosures for consumers.
As measures take effect this year to overhaul
credit card and overdraft practices, "What you're essentially doing is
squeezing the balloon, (so fees) are going to pop up somewhere else,"
says Bart Narter, senior vice president at Celent, a bank research and
consulting firm. Yet, ongoing regulatory scrutiny means that new fees
rolled out by the industry will generally be "more fair," and unlike
overdraft charges, won't disproportionately affect the poorest
consumers, Narter says.
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There is a reality in life. Greater knowledge drives better decisions and better decisions reduce business risk. Franchising is all about risk reduction but not all franchises are low risk. The Educated Franchisee is designed to empower you. By following the advice and guidance presented in this book you will recognize high quality franchises and confidently pass over those that are not. |
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