American Business Magazine
Up Close and Personal with T. Boone Pickens
NEW: Watch The Interview on YouTube! American Business Magazine recently sat down with T. Boome Pickens on the very day his energy initiative was rolled out by President Obama, who spoke about the Boone Initiative during his State Of The Union address. It was a privilege to speak with an entrepreneur who is perhaps as [...]
Inside The Budget Battle With Congressman Paul Ryan
If any privately held or publicly traded business did their books like Washington does, they would have been in jail a long time ago – forget about Sarbanes-Oxley.
Top 10 Businesses Of The Year
American Business Magazine recognizes business owners who are succeeding in challenging economic times. Announcing American Business Magazine’s 2011 Business of the Year.
Donald Trump Exclusive Insight
Donald Trump talks about his life and business philosophy in this no frills interview.
Mark Cuban Unabashed
Approximately six months ago, GPS compiled a list of extraordinary people with extraordinary stories. From that list, we selected the individuals we thought were most inspirational. The Mark Cuban story is as inspirational as it is fascinating. We wanted to offer our entrepreneurial readership the opportunity to peer into the mind of an exceptionally successful, [...]
R & R Time With Ben Stein
Renowned economic authority Ben Stein sits down with GPS to discuss a variety of topics ranging from business to his personal life. Read what he said regarding the future of the economy, the pros and cons of being famous and what he would do if he had an easy button.
Tax Strategies
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For Sale: Tax Consequences of Selling a Business
Selling a business has its pros and cons —you’ll probably have more money than you’ve ever had before (unless you’ve sold other businesses), but you’ll be sharing some of your profits with the government.
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A Trip To The Candy Store
Living in the country as a child, I always looked forward to the occasional trip to the drug store, where I was eager to spend my very well-deserved earnings. (I refer to these as earnings as opposed to allowance, as I definitely earned them.) As a child, I was cursed with a sweet tooth, rightfully [...]
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IT & Internet
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Subscription Services
There is a new trend threatening to disrupt the way people purchase products online. It’s incredibly familiar, but probably not what you may think: subscription services. Now I know what’s going through your mind. It’s probably something like, “Subscriptions? Really?” I’m sure I wasn’t the only one whose grandmother belonged to a Fruit of the [...]
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Understanding Social Media
Too many small business owners want to get involved in social media but – sadly – do not understand the intent, ideas, or influence factors that make social media an effective tactic in their overall marketing arsenal. I believe there are six key misconceptions, faulty assumptions and pillars of goofy thinking that prevent most business [...]
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Business Management
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Don’t Let Order Processing Slow Down Your Business
I’ve been an entrepreneur all my life, and I absolutely love it. Creating a business from scratch that develops products and value for customers is always a big deal. I truly get a charge of out making that happen. Like many small business managers, I know what it means to multitask and prioritize. There are [...]
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Are You Competing With Yourself?
If I ever stopped to think about my “so-called” largest competitor, I would be paralyzed with fear.
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HR & Employees
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What You Need to Know About Workplace Violence
Workplace violence is a growing problem, and every business, no matter how big or small, is especially vulnerable due to the current economic conditions. Simply defined, workplace violence is the violence or the threat of violence against the company and its workers. It can occur at or outside the workplace and can range from threats [...]
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Improving the Emotional Intelligence of Teams
Much has been written about the importance of emotional intelligence, or EQ, over the past couple of decades. It’s been shown to relate to better performance across industries and occupations, ranging from sales to leadership, and has even helped people improve their physical health. While this is nice to know, what is important for most [...]
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Other Recent Articles
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Find Your Truths
Why would a business want to repel a potential client or customer? There are many legitimate reasons. One great example comes from the early years of McDonald’s. The McDonald brothers, Maurice and Richard, actually were doing quite well with a traditional drive-in restaurant model. As a carhop drive-in, a store could handle 125 cars at [...]
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Five Things I Did That Caused My Business to Fail
Warren Buffet maintains that some of his greatest lessons came from his greatest failures. We all make mistakes and I hope that by sharing some of mine, I’ll become more tolerant of others’ mistakes and, hopefully, not make the same mistakes in the future. I believe it’s when we experience pain through our struggles that [...]
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The President Pilot Running an Airline and an Island
Inspired by the exploits of Jose Dormoy, the Caribbean’s legendary World War II fighter pilot, a young Bruno Magras dreamed of flying airplanes. In 1968, at the age of 16, Magras left his native St. Barths to seek out what he termed his “active life” on St. Thomas in the U.S. Virgin Islands. In 1973, [...]
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Making a Beautiful Business Successful
Like so many other entrepreneurs, Terrence and Kymberly Perkins were driven to become business owners because of the passion they shared to own their own business. And, when the opportunity arose to purchase the Marc Anthony Salon and Day Spa in Chicago, they jumped at the chance. The original owner of the Marc Anthony Salon [...]
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To Be a Successful Leader, Focus on Clarity
Of all the core skills required to be a successful business leader, clear communication is by far one of the most essential. Business owners communicate with a wide range of people on a daily basis, including employees, customers and vendors. Keeping your messaging clear, simple and consistent goes a long way towards making sure that [...]
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How to Set Goals and Really Keep Them
Is it just me, or is a year shorter than it used to be? Before you know it, another year has come and gone on the calendar. And, of course, with every new year comes another round of resolutions focused on self-improvement. On formal spreadsheets, backs of envelopes, or just via mental note, most of [...]
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Driving Revenues & Relationships: Smart Cash Management Strategies
Cash management is the most important part of any business process—indeed, it keeps 17 percent of business owners awake at night—yet many fall behind, put off following up, and worry about negative customer relations impacts. Cash is the lifeblood of any business and a cash management makeover could go a long way toward improving your [...]
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Dave Says…
Dear Dave, I’m a personal trainer. Last year, I bought into a franchise and have done a good job of building it up since then. I’m getting to the point where expansion seems possible, but what’s the best way to do this without getting involved in a partnership? Stephen Dear Stephen, I’m glad you’re shying [...]
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Mobile Ad Campaigns: Smart…and Easy for Small Businesses
Advertising is almost as old as business commerce itself. From Old West village blacksmiths hanging up their shingles to automobile dealerships running local radio spots and offering Internet deals, nobody can deny advertising’s crucial role in driving foot and online traffic. However, these and other forms of advertising may not yield the best ROI simply [...]
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Managing Stress As a Business Manager
Consulting experience and various international studies have shown that business managers in all types and sizes of companies have very difficult and stressful jobs. In today’s tough, dynamic, resource-tight and uncertain economy, a company (or organization) needs strong managers to lead its staff toward accomplishing business goals. But managers are not only leaders. They are [...]
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7 Negotiation Secrets of the Diamond Trade
I was a wholesale diamond trader for 25 years. I worked deep in the heart of the famous Forty-Seventh Street Diamond District of Manhattan. When I tell people this, the first thing they ask me is, “Is it true that you guys make handshake agreements for millions of dollars?” Well, yes. To be accurate, the [...]
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Grow Your Business With Government Contracts
The federal government can be a dependable source of revenue for small businesses eager to grow when private sector budgets are shrinking and financing can be challenging to secure. The federal government may not be the first place many people consider for new business, but now has never been a better time for business owners [...]
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Why Your Small Business Should Have an Advisory Board
Advisory boards offer great opportunities, not just for your company, but for the advisory board members, as well. The formation and operation of an advisory board takes time and money, but if done properly it’s worth it. First, let’s define the term “advisory board.” Call it a brain trust or anything else you wish, but [...]
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Corporate Debt Restructuring
In this prevailing economic climate, as companies look for ways to access cash, one method to relieve pressure and free up additional cash flow is to restructure the debt of your organization. This gives your company the flexibility it needs to keep operating, while allowing time to fix any underlying issues within the organization. For [...]
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Starting At The End
In The Sound of Music, Julie Andrews famously admonished her charges through song with “…start at the very beginning.” In business planning, however, this isn’t a “very good place to start,” as the lyric states. After all, if you don’t know where you’re going, you can’t determine how to get there. I often have clients [...]
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