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Add You - Secrets of Successful Couplepreneurs(tm)
I had a discussion with Erik Lie about the experiences with Stock Options Backdating (SOBD) and the economic impact of his work. According to Erik, at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come clean would be far less than 15%. Here is what we came up with.First the assumptions:1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 1002. # of companies that will complete the 3 step process of preliminary investigation, comprehensive audit and finally restatement of results (approximately at 30-50%) = 403. Approximate amount of time spent performing the initial investigation = 4-6 weeks.4. Approximate time spent doing comprehensive audit = 20-32
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts
You’ll love this tip today.As I run an international business, I have customers in over 40 countries around the world and they don’t all speak English.So, enter Google.com, ever heard of them? Of course you have, but did you know they want to translate your website for free?You can type any phrase, and paste it into google translator, and they do an accurate, but not exact translation, which in most cases, gets the point across.If you have a website in English and want to see it in Spanish you can type the web URL into a form and they translate the whole site into ALMOST ANY language.Try this test….Go to http://www.google.com/translate_tThen, in the “translate a webpage” section, put this URL there:
Being partners at home and in business is not only doubly challenging, but exponentially more complicated than being partners in only one of these endeavors. So, for couples finding some bumps traveling the Couplepreneur road, Couplepreneurs who want more from either their personal or business partnership; and those considering embarking on the Couplepreneur adventure here are some tips. The following "secrets" have been gathered from my own experiences owning several businesses with my husband; extensive research, coaching Couplepreneurs, and interviewing several other successful Couplepreneurs.
1. Have a shared, clear vision of your ideal business and relationship with an integrated plan to have both.
To be successful as Couplepreneurs requires planning a life-with a vision that includes personal and relationship goals as well as business goals. If both partners are not going in the same direction toward common goals, they will grow apart. Idealistically, partners will always be on the same wavelength. Realistically, they may start out with different goals and desires related to the business, and/or as the business and family circumstances change, their dreams may diverge. Successful couplepreneurs look for creative alternatives that honor both partner's visions.
2. Respect each others' values.
Since values are the principles and beliefs that guide decisions, attitudes and behaviors; partners' values must be acceptable to each other. If partners are forced to act contrary to their core values frustration and struggle will ensue. Assumedly partners have similar values since they are a couple sharing a life. However, when partners team up in business they may become aware of some aspects of their partner's value system of which they were previously unaware. Values about money, commitment, work ethic, integrity, authority and responsibility may become much more significant when sharing both personal and business lives. Successful couplepreneurs honor each others' values at home and in business.
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts
Corner computer desks are ideal for a corner space in the house or office. They give allow a worker to focus, giving the feel of an exclusive space. They optimize the space within a room and give a cozy look when decorated in tune with the rest of the room. They also come in various shapes and sizes and can be provided with additional fittings.Corner computer desks are provided with a number of options such as additional space for accessories, modular designing, and various materials, such as wood, glass, metal and fiber. They are particularly ideal for home offices because little extra space is needed for the computer workstation. People working at corner computer desks enjoy privacy.Corner computer desks are also designed ergonomically to minimize body strain. They may include trays for holding various accessories, as well as adjustable monitor and keyboard holders with varying mou
1. Have a shared, clear vision of your ideal business and relationship with an integrated plan to have both.
To be successful as Couplepreneurs requires planning a life-with a vision that includes personal and relationship goals as well as business goals. If both partners are not going in the same direction toward common goals, they will grow apart. Idealistically, partners will always be on the same wavelength. Realistically, they may start out with different goals and desires related to the business, and/or as the business and family circumstances change, their dreams may diverge. Successful couplepreneurs look for creative alternatives that honor both partner's visions.
2. Respect each others' values.
Since values are the principles and beliefs that guide decisions, attitudes and behaviors; partners' values must be acceptable to each other. If partners are forced to act contrary to their core values frustration and struggle will ensue. Assumedly partners have similar values since they are a couple sharing a life. However, when partners team up in business they may become aware of some aspects of their partner's value system of which they were previously unaware. Values about money, commitment, work ethic, integrity, authority and responsibility may become much more significant when sharing both personal and business lives. Successful couplepreneurs honor each others' values at home and in business.
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts
As a new business owner you must wear many hats. You will need knowledge of accounting, marketing, advertising, management, administration, inventory, sales, etc., in addition to knowledge pertaining to your industry. Since you may be very proficient in some of these areas, but not in others, reading and learning about these other areas is imperative. Of course, the question is, when do I find the time. This is where networking comes in. Your network of contacts is your support group for the areas in which you need help. Determine what areas you need help in and locate a networking group, support group or make a list of the contacts you need and make them yourself. There are also Home Business Clubs in many areas. The SBA is another source, but be careful, we've heard too many complaints about the mentors in the SBA program. However, you might find them adequate for your needs. Look at the l
To be successful as Couplepreneurs requires planning a life-with a vision that includes personal and relationship goals as well as business goals. If both partners are not going in the same direction toward common goals, they will grow apart. Idealistically, partners will always be on the same wavelength. Realistically, they may start out with different goals and desires related to the business, and/or as the business and family circumstances change, their dreams may diverge. Successful couplepreneurs look for creative alternatives that honor both partner's visions.
2. Respect each others' values.
Since values are the principles and beliefs that guide decisions, attitudes and behaviors; partners' values must be acceptable to each other. If partners are forced to act contrary to their core values frustration and struggle will ensue. Assumedly partners have similar values since they are a couple sharing a life. However, when partners team up in business they may become aware of some aspects of their partner's value system of which they were previously unaware. Values about money, commitment, work ethic, integrity, authority and responsibility may become much more significant when sharing both personal and business lives. Successful couplepreneurs honor each others' values at home and in business.
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts
Anyone who watches or reads the news today hears about how the sourcing of materials from overseas, particularly from Asia, has impacted the amount of manufacturing jobs available in America. What manufacturing insiders worry about the most when it comes to sourcing from overseas is more closely related to inventory levels. While purchasing material overseas may bring a company advantages in terms of lower prices, the negative impact is the growth of inventory carried on the balance sheet. For large manufacturing firms with the financial scale to absorb an increase in inventory, this may not present itself as an issue. However for manufacturing firms, the stress on working capital and the inventory turn rate can be significant.The other issue related to inventory and sourcing from overseas is the variation in lead times. While one shipment may arrive in 6-8 weeks, the next shipment may arrive
2. Respect each others' values.
Since values are the principles and beliefs that guide decisions, attitudes and behaviors; partners' values must be acceptable to each other. If partners are forced to act contrary to their core values frustration and struggle will ensue. Assumedly partners have similar values since they are a couple sharing a life. However, when partners team up in business they may become aware of some aspects of their partner's value system of which they were previously unaware. Values about money, commitment, work ethic, integrity, authority and responsibility may become much more significant when sharing both personal and business lives. Successful couplepreneurs honor each others' values at home and in business.
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts
If you’ve just named a business or a new product, should you file for federal trademark protection?Just as anyone can file a lawsuit, no matter how frivolous, there is nothing to prevent you from filing for a trademark. However, the United States government requires you to declare your basis for filing and provides clear guidelines for what constitutes an acceptable basis.While certain international agreements provide a recognized basis for filing a trademark, most U.S. applicants base their application on their current use of the mark in commerce or their intent to use their mark in commerce in the future. In other words, you need to show that you are serious about acquiring the mark for actual use in business or are already using the mark as part of your business.The federal government defines commerce as “a
3. Communicate and negotiate to effectively resolve conflicts.
Perfect communication between any two human beings is not realistic. However, when partners learn to manage their preferred communication styles and take advantage of their complementary skills, their relationship and business both benefit. When they support each other's natural problem solving process, conflicts are resolved more quickly and easily. Through experience they have learned what works for each partner - whether one needs to retreat, be reassured, blow off steam, etc. They know that it is important not to judge each other for reacting differently to conflict, and it is most important to not take their partner's reactions personally. They focus the anger and frustration on the problem and not on each other. Successful Couplepreneurs solve conflicts together by creatively implementing a joint solution.
4. Agree on levels of financial risk.
This goes back to respecting each other's values, as beliefs about money are integral to a person's value system. Risk tolerance is based on beliefs about money. Successful Couplepreneurs have examined their money beliefs, including the following:
Is each partner basically optimistic or pessimistic when it comes to his or her relationship to money?
Do they have the abundance or scarcity mentality?
What is each partner willing to risk to make the business grow?
What is the line each will not cross? (For example: not losing the house, keeping medical insurance.)
For success, the more risk tolerant partner must agree not to exceed the level acceptable to the more conservative partner. When the less risk tolerant partner feels that their boundary is being respected, they then become more flexible within that boundary.
5. Capitalize on the differences.
Successful Couplepreneurs realize that a major reason to team up in business with your life partner is to bring in a different perspective, from someone you already trust. Couplepreneurs who make it work, not only tolerate their differences but make the most of them. It is said that in love, opposites attract - and differing skills and ideas often make for the best business partnerships.
Successful couplepreneurs attempt to assign business roles according to strengths, skills, and styles. They figure out right at the start who is going to be in charge of what--and then stay out of each other's way.
6. Present a united front and function as a team.
Successful Couplepreneurs resolve conflicts in private and do not allow others to play one of them against the other. In public, they collaborate and support each other's positions.
In the book Working Together, Frank and Sharan Barnett introduce the concept of "wegos" instead of egos
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