The Wonders of Compound Interest
Albert Einstein called compound interest “the greatest invention of all time.” It has even been referred to as the “Eighth Wonder of the World.” The trick is to get this tremendous force working for you rather than against you. Is compound...
How You Can Learn to be a Better Manager
When you first take over a department, expectations are usually high but operations are sometimes in disarray. The staff is disorganized, goals aren’t being met, and hours are spent on unproductive tasks. Just when you think the company would...
The Ghost of Expected Surprises
Here, Cratchet, what do you think you’re doing? Uh, er, leaving sir. Leaving? It’s 5 minutes to the hour. Shall I dock your pay accordingly. Uh, er, no sir. No sir? Well it’s back to work for you then, and be quick about it. And I...
The Magic of Thinking Small by Mike Litman
Many of you might disagree and I'm prepared for that.
Many 'guru's' might say "Mike, you're wrong." and I'm prepared for that.
But what I'm about to share with you has been one of my biggest secrets to my success.
This secret has been...
How To Realistically Set Your Fees - Part 4
Effect Of Bad Debts So far, we have covered the major factors involved in setting your fee structure. We have set a realistic number of billable hours, calculated the effect of expenses and taken into account the cost of a benefit package. ...