Small Business Tips

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A small business blog featuring tips to help entrepreneurs succeed in the small business world. Topics include family business, human resources, marketing, money, networking, operations, ownership, startup, taxes and technology.
Lease or Rental Agreement… That is the Question

So, you’ve made some investments in rental property? A very popular business venture these days, as you can never go wrong with investing in real estate (well, almost never). As you begin the process of finding tenants, one question that you must address is whether to use a Lease or a Rental Agreement for your property.

First, you must determine what type of market the property will appeal to. If it’s a residential home, such as a single family house, duplex or apartment complex, then your market will likely be those that are looking for a place to settle down for a while and stay put. For this type of property you would want to offer a Lease.

However, if your property is in the heart of the business district, close to a college campus, near a military base, etc., then a Rental Agreement may be the best option for you. Most especially if you are having a hard time finding someone to rent the property in the first place.

Let’s examine what each agreement consists of so you have a better idea of what would work best for you:

Continue Reading: “Lease or Rental Agreement… That is the Question”

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By Michelle Cramer
Saturday, May 26th, 2018 @ 12:00 AM CDT

Ownership, Ventures |

For Vision Impaired Diners: Menus that Talk

There have been many times when out dining with my in-laws, that one or both of them have forgotten their reading glasses and have to strain to read the menu. When that happened to Susan Perry, while dining with her blind niece, she realized there were few options and got a great idea. What if the menu talked?

Your first thought may be that there are Braille menus for the blind, but less than ten percent of blind individuals can read Braille. That fact is what truly motivated Susan Perry to pursue her idea. And, after three months challenges and an investment of $300,000 of her own money (including the patent, legal fees and a lot of trial and error), the first prototype of “Menus that Talk” was born.

Continue Reading: “For Vision Impaired Diners: Menus that Talk”

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By Michelle Cramer
Friday, May 25th, 2018 @ 12:14 AM CDT

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Leading by Example in a World of Copy Cats

When you are in a leadership position, what is the one principle that is the root of everything you do across the board? Lead by example. Why is that? Because we live in a world of copy cats and people do what they see their leaders do.

For example, say the CEO of a company is using his petty cash account for personal expenses (such as a 2008 Mercedes), rather than business expenses. Now Bob in sales knows what the CEO is up to. And it’s likely that Bob won’t report the events. Instead, he’ll follow in his CEO’s footsteps and start requesting reimbursements for the dinner he had out last week. No one has to know it was just him, the wife and the kids. He can say it was a business dinner with potential clients. Afterall, if the CEO gets away with it, so should Bob.

Continue Reading: “Leading by Example in a World of Copy Cats”

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By Michelle Cramer
Thursday, May 24th, 2018 @ 12:11 AM CDT

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