Author Archives: Peter D

Six Reasons You’re Not Productive In The Morning (And How To Fix It)

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If you feel tired and demotivated in the first half of your day, you’re not as productive as the morning person in your workplace. Even worse, you may end up taking work home or working overtime as a result.

Thankfully, there’s no need to envy morning people because a change in your habits will lead to you feeling productive and energized in the morning as well. Here are six reasons that contribute to lack of productivity in the morning and what you can do to fix them. Continue reading

5 Habits Of Highly Successful Entrepreneurs

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If you want to find success in the world of business, you’ll need to be prepared.

A lot of people view starting a business as a way to get rich quick, but they usually end up disappointed when things don’t work out. A true entrepreneur has many defining qualities, and they are always learned through hard work and dedication.

No one is born to be a business person, but you can become one by learning from the habits of the best.

They Create Win/Win Situations

Good entrepreneurs are usually good leaders, and good leaders know how to think in terms of win/win situations. This is basically another way of describing assertive behavior. Assertive people are always looking to find situations that offer mutual benefits to all parties involved. Continue reading

Tough Love: 5 Hard Truths About Starting A Business

Checkworks-Pinterest-Blog-Post-02Owning your own business is a noble dream. Everywhere you turn, you’ll read some success story of an entrepreneur who pulled themselves up by their bootstraps and is now living the dream of being their own boss.

And while that is a great ideal to strive for, that doesn’t change the fact that starting a business is hard. And we mean REALLY hard.

So while everyone loves a success story, it’s unwise to go into your endeavor thinking that you’re just going to jump right into the black. So prepare yourself from a little tough love from the school of reality.

Because the truth is…

Continue reading

Chapter 11 Doesn’t Have To Be The Final Chapter

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Although most people know what bankruptcy is, they may not know what the process of declaring for bankruptcy entails.

While it is perceived as being the last step for a company that is going out of business, this is not always true. In some cases, bankruptcy can be a way for a company to reorganize its debts and come out even stronger than before.

Why Would a Business File for Bankruptcy?

A company may wish to file for bankruptcy for several reasons.

First, it may not have enough money to pay all of its creditors. Therefore, filing for bankruptcy would enable them to pay creditors depending on priority. Most unsecured creditors would get nothing while secured creditors would be paid back up to the amount that remaining assets are worth. Continue reading

Shopping Like It’s Your Job: Finding The RIght Wholesale Buyer

wholesale buyer imageLast week, we talked about what it takes to get your first fashion business off of the ground. But what happens next?

One of the most important employees at any fashion business, especially at retail outlets, is their wholesale buyer. Their job is critical: Figure out what products you need, and how much to order.

Sounds simple enough, but how well your buyer performs will make all the difference in the success of your business.

So what does a buyer do?

Buyers are doing their job well if they can consistently find and purchase products that your customer base likes and considers to be a good value. Continue reading

The Fashion Industry: Turning Your Passion Into A Business

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Many people dream of having a career in an industry that they’re passionate about, but there are a lot of steps between having a dream and making it a reality. And in an industry as cut-throat and competitive as the fashion industry, that passion must be paired with some

Research the Market

It’s easy to think that just because you’re knowledgeable about fashion, that you know everything about the industry. This is a dangerous misconception.

Learn everything you can about the clothing industry before entering it. Look at comparable clothing businesses. Are they doing okay? Who are they targeting? What are their numbers? Which time of the year is it busiest and which time is the least active? Continue reading

Fighting Fraud: Eight Tips To Keep Your Small Business Safe

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Scammers hurt small businesses in the United States every year. According to the Association of Certified Fraud Examiners, the median loss is a whopping $98,000.

The prevention of fraud requires monitoring the workplace, continuously updated controls, data systems, and special procedures related to preventing fraud and scams. Fraud happens when there is opportunity.

The individual may believe the company owes him or her additional compensation. Perhaps the perpetrator knows precisely how weak the company’s controls and systems are and believes he or she will not be caught. Continue reading

Six Finance Tips for Every New College Student

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Financial stress is a part of life, and college life is no different. Whether a student has parents who pay for many expenses or parents who encourage economic independence, every student should learn and practice some basic financial principles to keep them afloat during school and prepare them for the future.

Learn the difference between wants and needs.

Setting priorities is crucial for financial success. Think about the most basic needs you have: food, clothing, housing, safety, etc. Create a list of must-haves on which you’re unwilling to compromise but be willing to make some sacrifices. Continue reading