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As a business owner, you know what it’s like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, it’s because you are worried about issues you will face the next day. Sometimes, it’s because you just woke up with the solution to a problem. I’ve experienced all those emotions about my businesses over the years. Awake at 2 o’clock? is where I share them with you, and hopefully help with answers that will let you sleep.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: credit cards
2 Responses to Why GenXers Won’t Buy Your Business
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One Response to Business Buyers: The “Buy Now, Pay Later” Generation
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This is one of the most realistic articles I’ve read on the topic. Sellers would be wise to listen to their advisors, and be advised earlier than they think they should.
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If You are a Victim; You are Guilty.
Let’s say you own a small Italian Restaurant. Fifteen tables. Pasta, Pizza, beer and wine. Not really a white tablecloth place. More like plastic red and white check tablecloths with Chianti bottles and drippy candles. On a good Saturday night … Continue reading
2 Responses to If You are a Victim; You are Guilty.
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"Your data is encrypted? Law enforcement sources tell me that decryption programs to defeat the current levels of credit card security can be bought for $125 on the web and installed in 15 minutes."
Your law enforcement friend is uneducated in this topic, I work in data forensics- simple PGP or RSA encryption would have solved this problem.
http://news.softpedia.com/news/FBI-Unable-to-Decrypt-Brazilian-Banker-s-Data-145640.shtmlPerfect example above, from recent news- and thats a cheap encryption suite. Like I said your law enforcement buddy needs to quit talking about things he does not understand.
They key is to;
1. use intelligent passwords on all systems and equipment
2. protect the transmission and reception of cc data
3. protect your customer, dont let your waiters wonder off with a credit card, have managers be on the lookout for skimmersThink like a criminal, its not that hard, how would you steal from your own business?
Then work on that weakness.Criminals evolve, you must as well.
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Very informative. Even a proactive business owner may not have known about the risks to accepting credit cards. Thanks.
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You can’t keep a good saying down.
“There are lies, damn lies and statistics.” It’s a great saying, and in the USA is typically attributed to Mark Twain. He, in turn, attributed it to Benjamin Disraeli. That credit is undocumented. What is certain is that it was … Continue reading
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It’s a crisis…uh, no it’s not. Wait…
The Washington Post today announced that the UN’s World Health Organization has upgraded the H1N1 flu virus to a Category 6 Pandemic. It is worldwide, and appears to be gearing up for the Southern Hemisphere’s winter season. For those who … Continue reading
One Response to It’s a crisis…uh, no it’s not. Wait…
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John,
Great Post and written in the true style of the John Dini I know. Best advice is do what you have to do. Look at everything from a postitive perspective. If the unemployment rate is 10% the positive aspect is that 90% are still employed. That's why I really like the Alternative Board, because we can look at every idea and decision from a different perspective, and turning ovver the thought at 2am in the morning.
John, the video is a compelling review of the events that have created our exit dilemma. I would add the impact that automation will have on our consumer driven economy, when workers are displaced and the population can no longer buy what the robots build. A more immediate challenge is that companies like Amazon and Uber have used high risk investment dollars to provide superior service at lower cost without a current imperative to make a profit. The end result will be those companies becoming monopolies, eliminating SMBs. Millenials can see the writing on this wall.
Good points, David. Both job displacement and the Internet come under the general heading of Disintermediation (the elimination of the person in the middle) and none of us can stand up to the Internet.