Read · 10 (More) Reasons Why Your Business is Tanking
by Thomas Powell on Jun.10, 2009, under bookmarks
· 10 (More) Reasons Why Your Business is Tanking.
1. You’re scared to charge what you’re worth.
Number 1 is the biggest failure point that I’ve seen otherwise good business owners make. Think about it. Your plumber won’t show up for less than $70. Neither will your electrician. They’ve perfected their craft, licensed, and insured themselves. How many hours of you screwing up the job is a one-hour, $70+ visit worth?
Playing music for weddings is similar. I haven’t played one in a while, but my rate was 2-3 times the going rate for a church service. I always showed up for the rehearsal (to lower the risk of surprises), and often ended up buying additional music for the service.
I’ll make an exception for charging less than the going rate. I will provide my services for free. That means that I know you well enough to give you my services as a gift, or you represent a charity that I would like to donate my time to.
Don’t muddy the waters by doing a “favor” and charging less. The recipient will still have had to pay you, and won’t see the benefit that you provided as you do. At the same time, you will have received less than your normal rate and not necessarily receive the amount of goodwill you expected.
Charge what you’re worth. If you’re not worth a reasonable rate, then you probably shouldn’t be in that line of business, at least for yourself.
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Carpooling is not part of a solution because it serves no ones’ “special interests”
by Thomas Powell on May.27, 2009, under soapbox
I wrote my congressperson, naïvely thinking that a “Washington outsider” Democratic representative would be open to any options which led to a greater fuel economy (higher passenger miles per gallon) and less energy usage. My proposal: expand creation of HOV lanes, basically mandating 1 HOV anywhere that at least 3 lanes of limited-access highway existed. The response:
Thank you for contacting me with your support for carpooling and high-occupancy vehicle (HOV) lanes. I appreciate hearing from you on this important issue.
As you may know, states have jurisdiction over the highways within their borders. They also have the authority to determine the placement and availability of HOV lanes. As a member of the U.S. House of Representatives, I do not have the authority to require Kentucky to establish HOV lanes in the state. I encourage you, however, to contact the Kentucky Transportation Cabinet at 502-564-4890 or KYTC.Comments@ky.gov.
…the “not my department” excuse. Of course, this was never a problem for the Federal government when the speed limit was reduced to 55 MPH, making the limit a condition for receiving Federal highway funds. When the Federal government needs to pressure a state to adhere to a national standard, it can vote with its checkbook.
So why isn’t carpooling part of the solution?
- It reduces overall wear and tear on all vehicles. (Less consumption of vehicles?)
- It reduces overall fuel consumption (Hence there would be no “oil interest” support.)
- It reduces the urgency to completely dump fossil fuels (Hence no “green interest” or “alternative energy interest” support.) We know the “oil interest” voter roll and their investments; dare we look at who is making poor decisions for the country based on their own investments in green energy? Look what happened with ethanol.
- The average person would have to work out the logistics, which might cost a couple of swing votes.
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Found art?
by Thomas Powell on Apr.30, 2009, under personal
You always find things in odd places when the movers are around.
I call this one “Table on its side in high traffic area sans glass.”
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Tax and labor policies gone awry
by Thomas Powell on Apr.24, 2009, under soapbox
EDF strikers cut power to French homes
California Taxation Leads to Mass Migration
California is 49th (New York 50th) in the Economic Freedom Index: http://www.ppinys.org/reports/jtf/econfreedom.htm
Nevada is 12th
Other notables:
Kentucky is 39th, Michigan 34th
Indiana is 14th, Texas is 17th
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Thoughts while having CNBC drone in the background:
by Thomas Powell on Apr.24, 2009, under soapbox
- Today is Trump family suck up day. (Was Ivanka just asked about real estate investing?)
- Gotta love the insecurity-based advertising from BDO.
- We must in a full force BS bear rally if earning disappointments are sending stocks higher now.
- “Ex post facto?” The correct term is “Bill of Attainder”, in regards to the specific targeting of certain companies’ bonuses.
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Populism’s income water marks
by Thomas Powell on Apr.20, 2009, under soapbox
If votes went strictly by household/household income, the barrier for
- A simple majority: $44,389
- A super majority (60%): ~$57,000
- 2/3 majority: ~$67,000
- 3/4 majority: ~$82,000
Household income in the United States – Wikipedia, the free encyclopedia.
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Corrosion on an iPod cable
by Thomas Powell on Apr.19, 2009, under personal
Methinks the infant son’s acid reflux is at play here:
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Failure to communicate
by Thomas Powell on Apr.15, 2009, under soapbox
I don’t dread income tax filing because of the complexity. I dread it because I pay 2x the SSI contribution + at my highest marginal tax rate on all of my music gigs, and I dread the day that I don’t withhold enough throughout the year to offset the robbery that I experience.
Obama: Get the dread out of tax deadline day – Yahoo! Finance.
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1000 Times
by Thomas Powell on Apr.06, 2009, under bookmarks
The truth about Wall Street and bank bonuses
xkcd – A Webcomic – 1000 Times.
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McDonald’s, the well-oiled machine
by Thomas Powell on Apr.06, 2009, under bookmarks
I have to admit, while McDonald’s offers international customizations, a Big Mac and fries is a pretty predictable offering no matter where you go. I also find that while McDonald’s doesn’t deliver the highest quality food items, I’ve never experienced unacceptable service or quality.
Say What You Want | chrisbrogan.com.
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