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Archive for January, 2009


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Tuesday, January 13th, 2009

Successful Entrepreneurs with Management Skills Weather Recession Best

The news is full of stories about layoffs and people who have to face the New Year without employment.

Contrary to what the media would have you believe, not all businesses are struggling. Some business owners are doing just fine. In fact their stats are rising.

What’s their secret?  They know how to weather a downturn.  They have the data that allows them to take actions that keep their bottom line looking healthy.  While others cut their marketing budgets companies that understand how to operate and manage in tough economic conditions will pour the coals on promotion and economize in every other way possible.

This keeps their stats going up. And that means they don’t have to lay off workers.

Tuesday, January 13th, 2009

Bail Out and Exec Bonuses

There has been much hullabaloo in the news and blogs about how much of the bail out money went to the bank executives.

“The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007,” says an AP study

The AP review of annual reports that the banks file with the Securities and Exchange Commission found that the average paid to each of the banks’ top executives was $2.6 million in salary, bonuses and benefits.

And they’re the folk that go the institutions into this mess with their lack of administrative and management skill.
It’s no wonder the SBA Office of Advocacy states that the number one reason a business fails is the lack of administrative and management expertise.

What we need right now is managers and business owners who have some sane and workable Administrative Technology under their belts.