Author Archives: Carol Roth

About Carol Roth

Carol Roth is a radio host on WGN, a CNBC TV contributor, a ‘recovering’ investment banker & a bestselling author of The Entrepreneur Equation. You can find her on Twitter @CarolJSRoth or at www.CarolRoth.com. She also has an action figure made in her likeness.

Breaking Bad Business Habits

Small business owners are among the hardest-working people in the country. They get in early and stay late, handle every business detail and bend over backwards to meet and exceed the needs of their clients and customers. On the surface, these traits are admirable. But they can also stifle the future of your company. Here […]


When Being Cheap is “Pound-Foolish” for Your Business

Every penny counts when running a small business. But sometimes, your efforts to save money can backfire, costing you more in the long run.  Here are some places where you should be wary of cheaping-out in your business. Lawyers Just because your Uncle Ira is a lawyer doesn’t mean that he’s the right lawyer for […]


How to Free Yourself from Ruts

“Choose a job you love, and you will never have to work a day in your life.” This may have worked for a philosopher like Confucius, but let’s get real. Even if you own your own business, it’s rare that your professional life is so perfect that you never feel like you’re working. In fact, […]


Don’t Avoid Failure, Just Fail Properly

Truman Capote once said, “Failure is the condiment that gives success its flavor.”  However, based on the way that we learn as youngsters, the thought of failure may leave a bad taste in your mouth.  In school, we were taught that failing something results in a red mark on the paper and perhaps a timeout […]


5 Tips to Increase Employee Efficiency

Time is money may be a cliché, but it’s also a universal truth in business. Your employees’ efficiency directly impacts productivity, which, in turn, affects profits. As a business owner, maintaining hawk-like vigilance on employees’ on-the-job procedures can make a notable difference to your bottom line. Here are some areas that may need improvement. Reduce […]


Make Your Business the Quadruple-Threat of Customer Service

While advertising can be a good way to bring new people to your business, the customer experience is what brings them back. Gaining each new customer costs an estimated four to ten times more than retaining repeat customers, depending on the type of business. So, while you need both, you can get a lot of […]


News You Can Use for Small Business

If you own a small business, there are a number of things that likely fall to the bottom of your “to-do” list.  However, keeping up with “the news” shouldn’t be one of them.  It may seem like a grind, but keeping abreast of certain types of news and trends is essential to business success.  Here […]


Life Lessons on Training Great Employees

All of life’s experiences can provide insight into running a small business. A good friend just drove this point home after adopting a new dog. She’s full of stories about her training challenges and as she told me her tales (or should I say, “tails?”), it was clear that the principles applied to employee training […]


How David Can Win Against Goliath Competition

Many communities argue against big companies like Wal-Mart moving into their areas because they believe that these big corporations will eradicate local mom and pop stores. Granted, big, burly businesses can intimidate their smaller counterparts. But David brought a slingshot and a bag of stones to the battle. Then, he found a hole in Goliath’s […]



 
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