Jul
1
IOU vs. Promisory Note
July 1, 2009 | 1 Comment
An IOU (I Owe yoU) is an acknowledgment of debt, normally specifying debtor, the amount owed, and sometimes the creditor. A Promissory Note is a contract specifying unconditional terms on how to pay the debt, including interest (if any) and time of repayment. The State of California is issuing IOUs to their vendors (essentially telling [...]
Sep
15
Technology is Everybody’s Responsibility / Green Energy Technology
September 15, 2008 | Comments Off
Often, in social conversations, I listen to people saying that the solution to our Energy Crisis lies in discovering or creating new Technology that will enable us to be more efficient, greener, or produce safe/clean energy cheaper. More often than not these people are nor scientists or engineers. More often than not I get the [...]
Sep
11
5 Years Experience: The Sweet Spot
September 11, 2008 | Comments Off
I find that a person with 10 years of experience is one of two things: A great Vice President, or a Terrible Individual Contributor. And yes, I say it from personal experience, using my freedom of speech and expecting some of you to freely disagree. The former can lead with experience, the latter is an [...]
Sep
11
Best Work Under Pressure?
September 11, 2008 | Comments Off
Many people have told me: “I do my best job under pressure!”.
I always wonder what this means? For many years, I did wondered which one of these does it means:
The adrenaline makes me produce the best results, without errors, and with careful attention to details that avoid costly reparations?
I don’t do too much/any work without [...]
Sep
10
Trademark Application
September 10, 2008 | Comments Off
On my primary business, we are in the process of re-branding our business to a more generic name that would be more appealing to other consultants interested in helping in the practice. The name of the legal entity on which I hold my consulting practice remains the same, but we may want to add the [...]
Sep
9
Employee or Partner ? – Why Employees Earn Less
September 9, 2008 | Comments Off
Good, responsible small business owners tend to want to share the whealth and success with their contractors and employees: sometimes even much more than the contractors and employees deserve. At least that is what I have observed.
At a particular point in time I was having an extremely profitable moment in my practice. An ex subordinate, [...]
Aug
26
I Think Therefore I Inc.
August 26, 2008 | Comments Off
By no means the title of the article means that those that don’t Inc don’t Think. It refers at how easy is to start your own business in a country founded by capitalist principles and values (even when we may be losing them in recent years).
Many people ask the same thing: How do I set [...]
Aug
1
The 80 Hour Work Week Myth
August 1, 2008 | Comments Off
I have heard so many people say they are hard-workers that do 60, 70, and even 80 hour weeks. Given the fact that weeks have 168 hours, and humans normally need around 50 to sleep, 20 to eat, and probably 20 more to do necessities like bathe, clothe, and go to the bathroom, an 80 [...]
May
23
Contractors: You Are Creating A Market
May 23, 2008 | Comments Off
When a full time employee goes on his/her own and starts selling his/her services there is one interesting thing that he provides the companies who may be interested in hiring them: A Market.
Big companies can’t offer services that they can’t deliver. But since the contractor offers to deliver services on their behalf, now they have access [...]
Feb
7
LLC Partnership Taxes: 1065 and K-1
February 7, 2008 | 1 Comment
A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings [...]
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