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When your hardwork isn't paying off?

 How many times have we felt like we’ve been beating our head against a wall?  When your hard work isn't paying off, it can be helpful to step back and reassess your approach. Here are a few things you can try: Set specific, measurable goals: Make sure you know what you're working towards and how you'll know when you've achieved it. Get feedback: Ask for feedback from others and use it to improve.  However, it is important to make sure you get feedback from ‘right’ person. I mean, you know what they say about opinions. But, if you have the right team around you, it might be useful to gain feedback.  Learn from failure: Failure can be a valuable learning opportunity. Don't be afraid to take risks and experiment.  Some might say ‘fail fast.’ I recommend to at least execute on something.  Stay positive and focus on progress: Remember that progress, not perfection, is the goal.  If you refer back to the ‘set specific, measurable goals.’ I think too many pe...
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When a founder leaves from a legal perspective?

In a world of venture capitalism, tech company selling, and Shark Tank; it is important to make sure that the transition is done well legally.  Not too many founders and/or acquiring companies think the transitioning through regarding a founder leaving the company. When the founder of a business leaves, there are several legal considerations to keep in mind in order to keep the business going.   And when we mean keeping the business going, we are taking about growth. As we all know, that if you aren’t growing, you are dying. Succession Planning: Having a plan in place for when the founder leaves can help ensure a smooth transition and minimize disruption to the business. This may include designating a successor, creating a buy-sell agreement, or establishing a board of directors. Review of Contracts: Make sure to review any contracts that the founder was party to and determine if there are any provisions that may be affected by their departure.   Not too many times ...
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Attributes of a GREAT Business

A good business possesses a number of attributes that contribute to its success. One of the most important is a clear and compelling vision. A business that knows what it wants to achieve and has a clear plan for how to get there is more likely to succeed than one that is aimless or uncertain. Another important attribute of a good business is strong leadership. A business needs leaders who are able to inspire and guide their employees, making sure that everyone is working towards the same goals. Strong leaders also need to be able to make difficult decisions and adapt to changing circumstances. In addition to vision and leadership, a good business also needs a strong focus on customer service. A business that is able to consistently meet or exceed the expectations of its customers is more likely to succeed than one that neglects this important aspect of its operations. Another important attribute is the ability to innovate. A business that is able to stay ahead of the curve and develop...
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COVID-19 in Business

 The ongoing COVID-19 pandemic continues to have a significant impact on the global economy, with many businesses struggling to survive. As we all know, no matter where you reside, the pandemic has had a significant impact on daily lives. However, everyone has coped with it differently. The technology sector has been one of the few bright spots, with companies like Apple, Amazon, and Google reporting strong financial results. Some of you might be reading that these companies have the capital to grow. However, I think anyone who did their homework can have increase growth in business. Additionally, there has been increased focus on environmental, social, and governance (ESG) issues, with many investors and companies placing greater emphasis on sustainability and ethical practices. This is sector that many people have negated over the years. You can think of the weather and/or social interaction of kids. This pandemic has increased awareness of the need for growth and awareness. ...
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Motivation in Business

 Whenever you are reading my blog, you might see these 3 words:  Motivation, Law, & Business. In   this post, I discuss the laws and principles regarding motivation in the business world There are several laws and principles that pertain to motivation in the business context, including:   the self-determination theory, the expectancy theory, the equity theory, the goal-setting theory, and the Maslow’s Hierarchy of Needs. The Self-Determination Theory, which states that individuals have innate psychological needs for autonomy, competence, and relatedness, and that fulfilling these needs leads to greater motivation and well-being. Especially in America, there is a significant thought process for these. These can be helpful in business world as not too many people can operate without these motivations. The Expectancy Theory, which posits that individuals are motivated by the belief that their effort will lead to high performance, which will in turn lead to d...
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Abortion in Alabama

 The State of Alabama is currently facing a number of legal issues that have been the subject of much debate and discussion. One of the most pressing issues is the ongoing battle over abortion rights. In 2019, the Alabama legislature passed a law that effectively bans all abortions in the state, with the exception of cases where the mother's life is in danger. This law has been met with strong opposition from pro-choice groups, who argue that it is a violation of women's constitutional rights. Depending on your viewpoint regarding abortions, this law has an affect on many. I think that it is very important to align your feeling with your moral compass. Case law and statute are put in place significantly because to protect the common good. However, the common good does not mean everyone is going to be happy about the decision.  So how does one continue to live life if their beliefs are opposed to laws that have been passed? A wise politician made a great statement to me years a...
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Is having a trust/will for the wealthy?

 HECK NO! Having a trust and a last will and testament is for everyone. 3 reasons why it is for everyone below: 1.          If you have any property and/or money in an account, without having either instrument can prolong your estate. 2.        Having these instruments aren’t about the amount. 3.        The general purpose of these instruments is to leave those who rely on the decease some type of security. We all may know of Takeout, the rapper. Essentially, he died without having a will and last will and testament. And due to the lack of this instrument, his parents are fighting over the estate. So not having these documents in place may cost your estate a lot of money. So how do you setup last will and testament? 1.        Do an inventory of all property, funds, personal objects, etc. 2.        Record who y...
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