Bill Gschwind Articles

You Choose To Be Affected By Outside Circumstances - Click To Read Article
Change is happening all around us all the time. The way in which we respond to change determines whether we succeed or fail. Business leaders during challenging times must remain focused on success, not just survival. Engaging the assistance of a business coach will cure the myopic view that prevents changing tactics and causes owners to ride their company all the way to bankruptcy.

Why Did You Decide On This Business - Click To Read Article
Most new business owners start their business to do what it is the business does. Successful business owners start businesses that will give them the lifestyle they want. Which one are you?

Think and Manage Like a Winner; Defense is a Losing Strategy - Click To Read Article
Recessions over the past 64 years averaged 10 months from peak to trough. This one is 15 months old and there is no bottom in sight. Most employers are cutting "non-essential" expenses to preserve employee jobs. While compassionate, that is a death-knell for most businesses. So what's a business owner to do?

The Six Systems Every Business Needs for Maximum Success - Click To Read Article
Running a business is a challenging endeavor. For most owner/operators the business of the business gets in the way of the running of the business. The successful owner learns early on that the secret to a successful business is in systems. By creating a system for handling each of the phases of running the business, employees can be trained and their effectiveness measured. Great systems free up the owner to spend time with her family and to focus on the future, which are the places an owner needs to be.

SIX STEPS TO WINNING IN 2010 - Click To Read Article
“Wait and See” is not a plan. Successful people know that the real treasures lie where few are willing to go. A well developed plan takes advantage of what you do know, minimizes the risk from what you don’t, and leads you successfully into the future. As the fourth quarter begins, savvy managers accelerate the planning process. Here are six steps you should follow for a profitable plan.

REVIVE AN ECONOMY… THE ANSWER LIES WITH THE PRIVATE SECTOR - Click To Read Article
The best road to economic recovery strengthens and grows private business. The private sector, guided by the discipline of the market system, will always be the most efficient way to create the right number of productive jobs providing the products and services the economy demands.

Recession-Proof Your Business - Click To Read Article
10 Tips to Implement During Tough Economic Times

Of Hope and Change - Click To Read Article
Leaders everywhere would do well to watch the inauguration through the eyes of change management. The reactions exhibited by attendees and pundits alike parallel those of the people affected by change in your organization.

Manage Up As Well As Down - Click To Read Article
Successfully managing your boss is vital to your career.

IS YOUR BUSINESS PUTTING YOUR ASSETS AT RISK? BUSINESS ORGANIZATIONS: THE SOLE PROPRIETORSHIP - Click To Read Article
One of the first decisions a startup business owner makes is which organization form to choose. This is an important decision as it affects personal liability, income tax, and administrative costs. In this article, we discuss the sole proprietorship, arguably the easiest and most common form of business organization. The sole proprietorship has distinct advantages and disadvantages that should be understood before adopting this business form. If you are risk averse and don't want to lose your retirement savings, your cars, or your personal home, you need to read on.

IS YOUR BUSINESS PUTTING YOUR ASSETS AT RISK? BUSINESS ORGANIZATIONS: THE GENERAL PARTNERSHIP - Click To Read Article
The general partnership has existed for centuries. Today, it is controlled by the laws of the state in which it operates. The general partnership is easy to create - sometimes too easy. Unwary business owners have become partners creating obligations to others without intending to do so just by conducting themselves as a partnership. This article explains what a general partnership is, how it is formed, and the rights and obligations of the partners. Protect your personal assets and make certain you understand how the general partnership works.

IS YOUR BUSINESS PUTTING YOUR ASSETS AT RISK? BUSINESS ORGANIZATIONS: THE LIMITED PARTNERSHIP - Click To Read Article
Most states provide for a variety of business forms. The form you choose for your business will influence the time and money needed to form and maintenance your business. Most importantly, it controls the extent to which your personal assets are available to your creditors to satisfy business debts and obligations. This article is the third in the series that explores the differences between business forms. It is easy to read and understand. The information is a great starting point in your investigation and will prepare you for further discussions with your attorney, accountant, or advisor.

Focus On the Basics for Survival - Click To Read Article
When a company is facing challenges, the key to survival is a focus on a few key areas. The two most important areas for success are your staff and your performance against pre-determined key performance indicators.

Financials for Business Owners: More Than A Look In The Rear View Mirror - Click To Read Article
Financial reports are the least understood piece of business information for most business owners. Yet everyone expects a business owner to understand his financial reports. Banks want them and they're needed to prepare tax returns. If you're not an accountant, you probably don't know how to use them to manage your business. Accounting is the language of business. The reports tell the story of how well your business is performing. Once you know what your financial reports can tell you, your accountant can provide the information in a format that makes sense and is quick and easy to read, even for a non-accountant! This is the first in a series of articles that will put business owners back in control of their company and reduce the stress that comes from not being certain how well your business is performing.

Do You Have the Power - Click To Read Article
Effective leaders need more than the authority that comes with a management position. It requires the power granted by those around you. Too often unknowing people confuse leadership with management and leadership development with management training. The success of your organization depends on your understanding of the distinction.

Comfy 'Jammies and Warm Fuzzy Slippers - Click To Read Article
Change is tough because we are forced out of our comfort zone and made vulnerable. By understanding how your employees react to changes that are forced on them leaders will improve the success of their change initiatives. Develop a compelling vision, communicate it clearly and often, and let employees take you there.

Companies Develop Leaders? 10 Ways to Know - Click To Read Article
Is your company paying enough attention to internal leadership development? Here are 10 ways to determine if developing the next generation of company executives is a strategic objective.

Cash for Clunkers: Stimulus or Boondoggle - Click To Read Article
Cash for Clunkers, the federal program that pays $4,500 toward the purchase of certain new cars, is tremendously popular. But as with all government handouts, for everyone who benefits, someone else pays a price. Only a reasoned examination of all of the costs together with the benefits can the balance between the two be evaluated. This article does just that.

Can You Walk the Walk if You Can’t Talk the Talk? Improve Your Financial Vocabulary - Click To Read Article
Accounting is the language of business. Getting more information from your accountant than just pages of numbers in the form of monthly reports requires that you know the language. For many owners, that means acquiring a new vocabulary complete with terms like “gross margin,” “key performance ratio,” and “break-even analysis.” Unfortunately, many business owners are intimidated by the language or choose to ignore it altogether. They ignore the financial performance of their company, delegate it to an employee, or outsource it. Understanding the fundamental financial concepts gives owners a much better chance of prospering in today’s challenging economic environment.


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