All posts tagged business resources

DSEF & CBBB: Save Money Through Energy Efficient Products…by Double Checking the Claims

DSEF & CBBB: Save Money Through Energy Efficient Products…by Double Checking the Claims

Save Money Through Energy Efficient Products…by Double Checking the Claims

By Jason McGlone

Gas and electric costs are rising, and they’re not showing any signs of slowing down.  This has many consumers looking for a way to save.  Numerous home improvement businesses promise increased efficiency and ultimately huge savings on your energy bills for anything from doors to furnaces to windows.  Thing is, the savings they advertise isn’t usually the amount that you or most others will come close to saving.

In fact, the Federal Trade Commission recently settled with several replacement window businesses over ads claiming more savings than they could deliver.  For the record, the ads claimed anywhere from a 35%-50% savings.  The FTC found that the window companies couldn’t show this kind of savings—the ultimate result of this were significant fines, as well as being prohibited from making similar claims in future advertisements.

BBB urges consumers to exercise caution when shopping for home improvement products and services.  Specifically, if a business is claiming energy bill savings, it’s a very good idea to examine how much they’re claiming and to think about whether or not that amount is feasible.  Can you expect to save some cash if you’re getting new windows or a new furnace?  Sure.  How much?  Putting an exact figure on it can be difficult to nail down.

There can be many aspects involved in ensuring your home is energy efficient.  Are your doors drafty?  How old is your furnace?  Moreover, what kind of heating and cooling system do you have?  Do you keep electronic items plugged in?  This is by no means an exhaustive list, but the point remains: no single upgrade will save you “half” on your energy bills.

So, when you’re in the market for any home improvement upgrade, it’s worth paying attention to energy efficient products—they can save you money.  But when you see claims that seem too good to be true, it’s time to start asking questions.

For more information on energy efficiency labels, visitwww.bbb.org/blog/2012/04/energy-efficient-windows-are-clearly-better-but-how-do-you-compare.

DSEF and Council on Better Business Bureaus (CBBB) fosters honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visitwww.bbb.org/us for more information.

Quick Start to Your Day

Quick Start to Your Day

As a kid, you probably heard that breakfast is the most important meal of the day.  As a working adult, you most likely now realize how true that statement is!  Just as eating a healthy breakfast gets your metabolism off to a great start, there are other things you can do to give your mind and body the head start they need for a productive day.  Try to set up a morning routine for yourself that includes some or all of the following suggestions.

  • Avoid the rush.  This may be especially relevant if you work outside the home.  If you find yourself rushing around in the morning for whatever reason, consider waking up earlier.  Even 10 extra minutes can make a world of difference.  Usually when we are pressed for time, our bodies respond physically: increased heart rate, perspiration, headache, etc.  Set your alarm for a few minutes earlier than usual, and try it for at least a week.  Once you get an idea of how much better it is for you, you won’t want to go back to sleeping in.
  • Get inspired by the words of others.  Motivational quotes are quick and easy ways to get an inspirational pick-me-up in the morning.  Sometimes we get so bogged down in our own responsibilities that we forget to be thankful for what is good in our lives.  Take a few seconds in the morning to read an inspirational quote; if you have a smartphone, there are several apps on the Apple, Android, and Blackberry platforms that provide one a day.  However, if you’re more conventional, get yourself a mini desk-calendar with a motivational quote for each day of the month.
  • Use “positivity Post-Its.”  The invention of the sticky note has allowed all kind of people to find creative uses for them in all aspects of their daily lives.  Try taking out a stack and jotting down a few positive words or phrases that will motivate you, help you handle stress, and remind you of what you feel is important in your job or your life.  For example, one man who took a part-time job so his wife could stay home with their two daughters put sticky notes around his home, car, and office that said three simple words: for my girls!  Reading those words repeatedly throughout the work week motivated him to continue and reminded him of what was the most important thing to him.  Find your positive thoughts in words and phrases and place them in plain sight so that you will come across them throughout your day.
  • Just breathe.  Sounds easy, right?  Of course, you’re breathing all the time and not noticing it.  However, sometimes our obligations get the better of us and we just go through the motions of our day without taking any time for ourselves.  When you first sit up in bed in the morning, try a 2-3 minute deep breathing exercise.  Such an exercise can relax your muscles and focus your mind.  The internet is full of descriptions of different techniques, and YouTube has a great deal of videos demonstrating these techniques, such as Quick Calm seen here.  Give it a try tomorrow morning; you’ll notice the effects right away!

Starting your day off on the right foot will increase your productivity and improve your state of mind.  How do you get a jump on your day?  Please share your ideas with us below!

DSEF & CBBB: 7 Ways That Consumers are Wasting Money

DSEF & CBBB: 7 Ways That Consumers are Wasting Money

7 Ways That Consumers are Wasting Money

By Ryan Gillis

Wasting money doesn’t actually mean you are bad with money, it just means that like millions of other Americans, you spend too much money on things that can be easily made less expensive, reports MSN.com.  MSN outlines the 7 most common budgetary mistakes:

1. Investing in expensive mutual funds 

Mutual funds that charge high fees take large percentages of your returns, so it would be wise to look for mutual funds that charge a low fee rates annually.  Any mutual fund that charges less than 0.5% in fees annually is a good number to look for.

2. Ignoring your credit score

A low credit score means less money in your pocket.  In many cases, the lower your credit score the more money you will pay on interest rates, and other expenses such as auto insurance premiums.  A low credit score can even effect whether or not you get job as some employers take credit score into consideration when hiring.

3. Failing to lower your rates

Many consumers just accept the interest rates that are paying when in reality if they only asked for a lower rate, especially on credit cards, it may actually be effective.  In the case of mortgages, car loans and student loans refinancing is the best option for lowering rates.

4. Overpaying for car insurance

Reducing car insurance premiums is not very difficult with a little bit of effort.  Auto insurance companies offer a lot discounts, and comparing rates of insurance companies online takes just a few minutes.

5. Buying brand name products

Once consumers get past all of the slogans and fancy commercials, the product that brand name companies put is basically the exact same same as off brand ones.  Off brand labels can also save the company a great deal of money, and offer similar quality.

6. Buying too much life insurance

The key to buying life insurance is to only buy the coverage you need at the cheapest price.  For this reason term life insurance insurance is more popular than a whole life policy.  As lifestyle conditions change, it , may helpful to alter your coverage or even eliminate it all together.

7. Failing to take the company 401k match

Many companies have programs in place where they will match employees 401k contributions to a certain extent.  In order to take full advantage of these contributions, it is necessary that the employee contribute a certain amount.  By not taking advantage of these programs, employees lose out on free money.

For more information, visit http://finances.msn.com/saving-money-tips/6930544.

DSEF and Council on Better Business Bureaus (CBBB) fosters honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visitwww.bbb.org/us for more information.

I Know Your Password: CUNA Guest Post

I Know Your Password: CUNA Guest Post

I Know Your Password
by Jim Stickley

When my son was three years old he liked to play a game with me that he called “What’s the password?” This game consisted of him standing in a doorway with his arms stretched out to block access. He then asked me for the password and if I guessed correctly, I was allowed to pass. I am, of course, expected to want to go through this same door dozens of times in a row, each time being forced to answer the challenge. Strangely, there was only one correct response that he would accept to open the gate. That word was “Password.”

At first I found this funny and played along. However, it went on for a couple of months and quite honestly, I started to get concerned. What if my son ends up to be one of those kinds of people–you know, the people who use “qwerty,” “asdfgh,” and “password” as their password. What if instead of creating strong passwords, his password is simply his name backwards, or “admin” for the admin account, or his name for his online account?

Over the past several years I have run across these passwords, or others just as bad, at customer sites. Sometimes I discovered them by taking a stab in the dark, even without a password-cracking tool. And now it seemed my son was on this same destructive path. You can tell your kids not to smoke or do drugs. But how do you tell your three-year-old son he’s on the verge of becoming a password degenerate?

Fortunately my son was young and I had many years left to twist his mind into the paranoid realm I embrace with warm affection. For others, it might be too late. Passwords have always been the strong and weak point of security for both business and personal accounts. Strong passwords generally indicate stronger security, while weak passwords lead to compromise. So why do passwords fail to protect so many users and organizations? To answer that, you have to look at a much bigger picture.

Poorly Designed Passwords

When a password is created without the help of an automated tool, most people choose easy-to-remember passwords. Sometimes it’s the first letter of several words. Or, people use anniversary or birth dates. Although these can be used to create a strong password, more times than not they are done wrong. A person’s name with a date at the end, like Jim1970, will be found by most password crackers. January1970 is equally bad. Sometimes people get creative and change letters such as ‘O’ with the number zero, or letter ‘I’ with the number 1. Although minor changes add a little extra security, they are not recommended and still considered weak.

Strong passwords require a minimum of eight characters, with both upper and lower case letters, at least one or more numbers and, most importantly, at least one unique character such as ! or @. If you follow these simple guidelines, you can be certain your password will be secure. However, just because it’s easy to create a unique strong password doesn’t mean it will be easy to remember. Even worse, if you have several online accounts such as Facebook, Twitter, or Pinterest, each account should have its own unique password. Now you’re stuck trying to remember all these crazy characters for all these different passwords assigned to all these different accounts. Like everyone else, you come up with one good password and use that for every account. Although it’s easier, it puts all your accounts at risk. Let’s say that a hacker discovers the password for one of your accounts. Since most people use the same password for all accounts, the hacker takes the login credentials stolen from the first account and tries them at every other online account he can think of. If your password is the same everywhere, each one of your accounts will be hacked in short order.

Simple Solution

Here’s a trick to create a strong unique password for each online account without having to be a Mensa member to remember them. First, come up with your base password, consisting of seven characters that are both upper and lower case, numbers, and at least one unique character. Ours will be: Jw75T!z. Next go to one of your online accounts—let’s say www.facebook.com. To make your password unique and still be able to remember it, take a portion of the website domain name and add it to your password. For example, take the first three letters of facebook.com and add them to the end of your password. So your password becomes “Jw75T!zfac”. We could also put the domain letters at the beginning of the password: “fac Jw75T!z”. To make it even more unique, reverse those first three letters so “fac” would become “caf” and add those to the end of our password: “Jw75T!zcaf”. Of course you don’t have to use my specific example of the first three characters; you might choose to use the last two or maybe the first and last letter of the domain. Whatever you come up with, use that same criteria for each online account.

Security doesn’t have to be difficult. By following this simple tip, you can ensure that your base password is strong, and you’ll have unique passwords for each online account. Just as important, you can rest easy knowing you’re one of the few who escaped the label of password degenerate.

_________________________________

Jim Stickley is the CTO and Vice President of Strategy & Solutions for TraceSecurity Inc. and is a cyber-security expert with more than 20 years in the industry.. He has been featured in magazines and newspapers including Time magazine, Business Week, Fortune magazine, New York Times and hundreds of other publications. He has also been showcased on numerous television shows including NBC’s Nightly News, CNN’s NewsNight, and is a frequent guest on NBC’s Today Show. He is the author of The Truth about Identity Theft and a co-author of Beautiful Security.

DSEF & CBBB: Warning! Stay Away from Work-At-Home Scams

DSEF & CBBB: Warning! Stay Away from Work-At-Home Scams

Warning! Stay Away from Work-At-Home Scams – Search Profit System & Money Mastery

By America Monge

The BBB cautions consumers to be wary of work at home scams and their too good to be true deals, according to Puget Sound Business Journal.

Two companies in question, Search Profit System and Money Mastery are bad news. Money Mastery promises to pay customers $186 a day, working from home. The other company, Search Profit System claims you can make money using search engines like Google, Yahoo, MSN and Bing. What really happens is that once you sign up, consumers are charged almost $50 in monthly membership fees and canceling the service is very difficult.

DSEF and Council on Better Business Bureaus (CBBB) fosters honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visitwww.bbb.org/us for more information.

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!

How to Run a Business on a Shoestring Budget

How to Run a Business on a Shoestring Budget

Running your business on a tight budget is not only possible, but extremely beneficial, even when times are good.  You don’t even need a degree in business or finance to create and stick to a budget; all you need is common sense, organizational and planning skills, and motivation.  Read on for some ways to operate your business on a shoestring budget.

  • Understand your cash flow.  Cash flow, in its simplest terms, is the movement of money in and out of your business.  It is of utmost importance that you know where every penny you spend goes, and where every penny you earn comes from.  This may seem easy, especially if you’re the only employee, but unless you document carefully and review your cash flow frequently, you may find that too much money is being spent that does not contribute to your bottom line.  If you need to tighten your belt, so to speak, it may be necessary to cut back on expenses that are not directly related to income.  For example, that shiny new business card certainly looks nicer coming out of your pocket to hand to a prospect, but is the higher cost going to directly result in a sale?  These are questions you need to ask yourself when creating and/or revisiting your budget.
  • Stick to your budget.  This may seem obvious, but it isn’t difficult to underestimate your expenses and overestimate your income.  When budgeting, be conservative.  Before making any kind of purchase, ask yourself why you need it and how it will bring in money.  Sticking to your budget and reviewing it often will help prevent cost overruns before they happen.  Tip:  Categorize each expense according to a pre-determined system that works for your particular situation.  This will make it much easier to sort your expenditures and decide which ones contributed to your income and which did not.
  • Push sales.  Starting and running on a shoestring budget means you lack capital and that’s not the ideal. To overcome the lack of capital you must be willing to quickly generate sales. You must clearly identify your target market and have prospects ready to buy. Make sure your marketing materials reach those who need your products/services and your sales presentation is effectively closing sales. For free marketing resources, visit the Small Business Administration website.
  • Establish a network. You will need to quickly establish a large targeted network of prospects that are ready to buy, a network of influencers that will help spread the word about your business, and a group of people who’ll support your vision. Having a large network of people is the key to running a business on a shoestring budget. The more people you and your business are connected with, the more sales you will have. This will allow your business to get established, maintain stability and create the foundation to a successful long term business.

If you do go this route you will need strong planning, organization, networking skills, and a commitment to push for sales to quickly generate income to establish your business. Operating on a shoestring budget is definitely achievable as long as you’re willing to put in the work. How do you run your business on a budget?  Please share your ideas below!

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!

DSEF & Money Wise Women: Your Money Personality and Self-Employment

DSEF & Money Wise Women: Your Money Personality and Self-Employment

Today’s highlighted post from Money Wi$e Women Get Smart Teleseminar Series (Click here):

Your Money Personality and Self-Employment

Mikelann Valterra is the founding director of the Women’s Earning Institute and is passionately devoted to helping women earn at their potential. She is also the author of Why Women Earn Less: How to Make What You’re Really Worth. She’s a nationally sought after expert on women’s work, money and earning issues. For over a decade, Mikelann has empowered women to overcome self-sabotaging beliefs about wealth, transform their relationship to money, and unlock their earning potential.

DSEF proudly sponsors the free Money Wi$e Women Get Smart Teleseminar Series hosted by Marcia Brixey, Founder and President of Money Wise Women Educational Services and author ofThe Money Therapist: A Woman’s Guide to Creating a Healthy Financial Life. The series covers topics related to business and finances and provides women the opportunity to learn from professional experts in a safe, comfortable environment.

To find out about upcoming teleseminars, visit http://www.moneywisewomengetsmart.com/

DSEF & CBBB: Nickeled and Dimed – Six Things That Used to Be Free

DSEF & CBBB: Nickeled and Dimed – Six Things That Used to Be Free

Nickeled and Dimed – Six Things That Used to Be Free

By Katherine Hutt

“Our free society is turning into a fee society,” says Bankrate.com, a website that (still) offers free rate information to consumers. “Many services and goods that were once freebies now cost money.”

On its blog, the online financial newsletter notes that lots of things – like free checking, hotel pillow chocolates, and free online news – are disappearing from the marketplace. Penn State marketing professor Fred Hurvitz chalks it up to creative price increases. “You can up your basic price and include all of the service as if it’s free,” he notes, “Or you can try to keep the base prices as low as possible — and charge separately for extras.”

No-cost banking is rare, according to Bankrate’s 2011 Checking Account Survey. Even noninterest checking accounts usually are not free, and average account maintenance fees are $4.37 a month, compared to $2.49 just a year earlier. And the average fee for a noncustomer to use a bank’s ATM? A whooping $2.40.

Other small fees that hit hard:

• Most pizza chains are now charging $2-3 for delivery (and, yes, you still need to tip the driver)
• Service station often charge to us the air pumps (which means you are paying for air)
• Snacks, headphones and blankets on airplanes now cost you…even seat selection can come with a fee

For the full story, go to Bankrate.com http://www.bankrate.com/finance/personal-finance/freebies-now-you-pay-for.aspx

DSEF and Council on Better Business Bureaus (CBBB) fosters honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visitwww.bbb.org/us for more information.

How to Create an Effective Action Plan

How to Create an Effective Action Plan

Throughout the course of running a business, you will need to set goals for yourself along the way.  These may be related to customer service, marketing, professional development, or anything else that will contribute to the success of your business.  However, it isn’t enough to simply set a goal; you must create a plan of action that will guide you in achieving it.  For most people, a step-by-step guide that includes benchmarks and due dates is effective.  Here is a list of things to consider when creating your action plan.

  • Prepare for success. Think of an action plan like a race. Just like in a race, warm up your body and mind before you make your action plan. See yourself reaching the finish line, celebrating the win, and have a reward ready for once you complete your tasks. Successful people know they will win before they even start the race.
  • PrioritizeMost projects or goals require a multitude of steps to complete, often overlapping and dependent on each other.  As with any other aspect of business, time is of the essence, and you likely will not be able to exclusively work on this project all day every day.  For this reason, prioritize the steps included in your plan so you can work on the most imperative ones first.  Tip:  When deciding on an item’s priority level, also put the most difficult tasks at the top of the list.  This is especially important if the list includes items that you dread.  For example, if your action plan includes making follow-up calls to collect overdue payments from clients, it’s a good idea to put it near the top of the list.  Asking for money, even money owed to us, is never pleasant, so instead of procrastinating, get a task like this out of the way.
  • Break down long-term projects into smaller chunks.  If you have something that needs to be done within the next six months, for example, create more short-term checkpoints that will allow the project to be completed on time.  This way, even if you don’t get to work on it every day or even every week, you will still have a plan in place for getting it done because the tasks involved are more manageable.  If something seems too overwhelming, we tend to do nothing because we don’t know where to start.  Breaking down projects into smaller tasks will prevent this from happening.
  • Plan realistically.  Because you are the backbone of your business, you should have a very good sense of how much time you have to commit to all of your responsibilities.  Keep this in mind when writing the action plan, especially when choosing deadlines and benchmarks.  If you only give yourself three days to completely overhaul your entire filing system, you are setting yourself up for failure.  Consider not only your other business responsibilities, but also your personal ones as well.  If you are the one your family depends on to take your turn in the soccer carpool, have dinner ready when everyone comes home, or walk the dog every evening, don’t forget to factor those types of things into your day.  Planning too much in too little time will only frustrate you, add stress to your life, and even prevent you from accomplishing your goal altogether.
  • Revisit and adapt as needed.  Sometimes in life and in business, things do not play out as we had hoped or planned.  To prepare for and deal with the unexpected, take the initiative to review your action plan and change it if necessary.  Let’s say your goal was to implement online ordering by the end of the quarter.  However, your local competitor has just launched a new website that includes this feature.  You now need to go back to your action plan and re-work it so that you can get your website up and running by the end of the month so you don’t lose customers that want this convenience.  As business owners, we must always be flexible, prepared, and willing to adapt to change and unforeseen circumstances.

How do you create an action plan for your business?  Please share your ideas below!

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!

What a Kid Can Teach You About (Direct) Selling

What a Kid Can Teach You About (Direct) Selling

Recently, Inc. magazine had an article entitled What a 9 Year Old Can Teach You About Selling. The main point of the article is that you need a clear and memorable message about your products/services that all buyers can easily and quickly understand. Here are three questions similar to the questions posed in the article:

  1. What do you do?
  2. Why should I buy from you?
  3. Why don’t I do it myself or get someone else?

Come up with answers to these questions that will help all buyers easily and quickly understand your products/services.

For example – Here are our answers to why you should support the DSEF:

  1. What do you do? We’re an organization that provides useful information and support that empowers direct sellers and small businesses to succeed.
  2. Why should I buy from you? We help direct sellers and small businesses every day to keep their focus on succeeding and we’ve been doing it successfully since 1978.
  3. Why don’t I do it myself or get someone else? Imagine trying to sort through all the current business information and apply it to your business (while still running your business!). We distill all that information for you, work as your help desk, promote the benefits of the direct selling industry and help small businesses like yours succeed.

When thinking about your answers, focus on using simple day to day language, on solving problems, on your personal strengths and why you do what you do. Consumers are bombarded by information overload. So, keep your message short, answer those three questions for them and chances are they’ll remember you when they are ready to purchase.

How would you answer these 3 questions about your business? Share your answers with us in the comments below. What other suggestions or comments would you like to share?

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!