Fiat Empire
Here is a fact that may surprise you. The Federal Reserve is, in fact, not a Federal agency and has absolutely no reserves. The closest thing to “reserves” that this private corporation has is a printing press. Alarming, no? As entrepreneurs, it is important to have an understanding of economics and how the economic system works. Having a general idea is better than being in the dark, but having a more detailed understanding can help you position your company better, strategically set your company up to be more protected, and utilize the system to your advantage.
Backwards Mentality
A veil has been lifted over the population of the United States. It has revealed that the vast majority of Americans have been led down a path of only understanding one side to business. And that is to consume. While this has been apparent for some time now, with the recent crash it has become [...]
The Subjective Power of Money
Money…the life blood of an economic society. An agreed upon thing which holds value that can be exchanged for goods and services. Yet, if it is as simple as that, why does it get so complicated? Well, to break it down into simple, bite-sized pieces, there are a few things that cause money to be [...]
Business from 30,000 Feet: What You Need To Know
Image by Denis Collette…!!! via Flickr Have you ever stopped to step back away from the company with which you are molding and shaping to really see what is going on? To get above the trees so to speak? Is the company headed in the right direction? What is the financial statement really telling you? [...]
UPDATE: Will the Bailouts Really Work? A Monopoly Experiment
UPDATE: Back in the summer of 2009, I wrote this article on the bail outs and what effect they would have, if any on the economy. Fast forward to today, it is now October 2010 and the $800 billion dollar stimulus has come and gone. Now, economists are talking about a second stimulus, this time [...]
Strategy As Advocacy
Re-position Your Firm By Focusing On Your Mission Statement What is it that makes companies stand out? Why is it that there are fanatics about companies, who promote the company because of their love and passion for the products, while other companies struggle to find an audience? The answer lies in the mission statement and [...]
Mindset Determines Quadrant
My approach to business development is quite different from the traditional route. It is important to have the right mindset in order to build a strong company. Anyone can start a company, but building a system in which to run the company is something that many do not do. And that is the problem, and [...]
Grapes For Apes
I absolutely love orangutans and want to help them as much as possible. I have posted before about how I adopted Dodo as a Christmas gift for a family member, and have written about how they are quickly going extinct if us humans do not do something about it. Well, there is a charity doing [...]
Freakonomics: The Hidden Side To Everything
In any time of recession, the best possible thing to do is to invest in yourself instead of letting fear and the negative mentality of the media get the best of you. For the last three years I have been studying economics at macro and micro levels as well as business and international business to [...]
Break the Mold – Assets Are Key
Focus on Acquiring Income-Producing Assets to Offset Your Service Income For many entrepreneurs in the service industry, they are so focused on the services that they provide that they do not look at the bigger picture. At some point, the entrepreneur may want to retire or sell the business to start another. If the primary [...]
