Do you put all of your eggs in one basket?

Business owners are advised to find ways to invest or diversify in order to mitigate risks that could be incurred from losing so much on a single investment.

Any wise business owner would take heed. 

If you want more tips on how to go about risk management and investment strategies, visit mario.coach and read this week’s newsletter. 🚀

Mario

 Business Strategy 
 

Kiplinger: How Business Owners Should Invest Differently

As a business owner, you often face a very different set of financial risks than your non-business-owning counterparts. When it comes to investing, there are two major considerations you’ll need to remember. First, keep your powder dry. This is an old seaman’s term that I like to use when describing the need to keep enough cash in your personal and business finances to weather life’s storms.
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 Management 

Forbes: How Management Can Advance As A Discipline

Over the last two decades, the sad truth is that management has failed to advance as a discipline. Earlier articles in this series, here and here, showed how well-intended efforts to reform individual components of the management repertoire—leadership, strategy, entrepreneurship, innovation, HR, budgeting, and Agile management—mostly failed to spread across the firm in a sustained way.
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 Recruitment 

The HR Digest: How To Use Performance Improvement Plan Template

The purpose of The HR Digest’s Performance Improvement Plan Sample is to help you bridge serious gaps in an employee’s work performance and address other areas of concern. You can may the PIP template below to create personalized and actionable steps to help employees make progress at work. Use this article to learn – what is a performance improvement plan – how does it work – what is it important – and, what to include in a performance improvement plan template.
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 Marketing 

Marketing Profs: Six Lead Generation Tools to Improve ROI on Your B2B Marketing Funnel

Considering that the economic climate looks set for an even more challenging period ahead, you may want to start reviewing your current marketing stack to ensure your budget is spent as effectively as possible. One concrete way to do so is to see how you can reduce the amount of waste of potential leads across the entire user journey. I like to use the inbound methodology provided by HubSpot as a baseline from which to break up the stages and look for areas to improve effectiveness or reduce waste.
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 Sales 

Social Media Examiner: Earning Trust: A Method for More Sales

Wish more people trusted your business? Looking for a content marketing model that helps establish trust? In this article, you’ll discover how to combine three kinds of content to earn and sustain a trusted relationship with today’s marketplace.
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 Featured Story of the Week 

Why Do Entrepreneurs Take a Salary Instead of Keeping All the Profit?

I’m not a CPA and local/federal regulations vary, but there are several common reasons why entrepreneurs do that. First off, entrepreneurs are people, and people have personal expenses. Keeping a clear track record of regular income allows for covering non-business expenses without receiving embarrassing questions from the government. It’s easier to take personal loans or apply for certain programs when you are on payroll. Even rental may be contingent on salary (every wantrepreneur can claim anything).
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