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With over 25 years of frontline experience Tom Shay is America's leading small business management expert. He's a "Must Have" for your next event.

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October 2015
Volume 16 Issue 11
News of the day

Global Entrepreneurship Week is November 16-22. What does this have to do with you?

Why, you are an entrepreneur! You have started or purchased a small business which is an integral part of your community. You likely hire individuals and are responsible for a part of what happens in your community.

Without entrepreneurs, everything would be a group of chain stores and service providers, all having distant corporate headquarters and not being an active part of your community.

You and your business are different. Here is about six week's notice for you to get on the band wagon. Promote to the media what your business does. Talk to your Chamber of Commerce, the Small Business Development Center (SBDC), your Main Street program, Business Improvement District (BID), Downtown Development Authority (DDA), and anyone that will listen.

Here is a link to the Global Entrepreneurship Week website.
 
Article of the Month

"You get more with honey than you get with vinegar."

This is supposed to be a lesson on how you talk and interact with people. The article of the month is "Taking Time for Recognition" and shares some ideas of some small things we can do to engage our employees.
Book of the Month

Staying in the same theme as our article of the month, this month's book suggestion is, "Everything Counts" by Gary Ryan Blair. You will find the comment of, "Don't sweat the details", is not appropriate for you as an individual or for your business.

As always, buy this book from an independent. Stay away from you know who.
Internet Tool for Your Business

You are trying to make a decision about buying inventory. The first option is to purchase in a smaller quantity and pay a higher price. The second option has a lower price but you have to buy in larger quantities.

There is also delivery costs, length of time to pay for the inventory, and how fast you are selling the inventory.

All of these are taken into consideration with our free Cost of Inventory Calculator on the Profits Plus website.
Staff Incentive for Your Business

Sixty seconds. That's all I ask. This month we have shared a lot about recognition. Sixty seconds is all it takes to give someone recognition. Here are four points to consider:
1. Tell someone exactly what they did that you appreciated.
2. Tell them how you saw that they did it.
3. Tell them what affect their effort has on your business.
4. Tell them thanks.

We want to recognize A Carrot A Day by Adrian Gostick and Chester Elton, whose book provides the basis for each month's incentive idea.
Profits Plus |tomshay@profitsplus.org | (727) 823-7205 | www.profitsplus.org

 

 

 

 

 

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Tom Shay
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MAY 2026
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Small Business

AdvisoriES


"It's all fun and games", is the title of the May Small Business Advisory. Too many employees think the business owner is simply renting their time. Showing up is sufficient.

 

This month's advisory shares a series of engaging activities that remind, and reward, employees that making the sale is what creates their pay check.

Small Business

NewS

Top Story

Meeting with the accountant in February before the tax return is due. I am not sure how this became a tradition. There is nothing you can do to change the numbers for 2025.

 

Why not meet in May, instead? One-third of the year would be completed, and a May meeting would allow for a discussion about what can and should be changed for the last eight months of 2026.

Article of the Month

The article of the month for May is titled, "No more tears". The discussion focuses on inventory which is a great investment in your business. But, only if you know how to manage the "open to buy" and will monitor the inventory turn rate.


Book of the Month

Mindset by Carol S. Dweck, PhD. As one who has found over the years that many of the problems in a small business occur because of the mindset of the owner of the business, this book is a must read.

All this plus the Internet Tool for Your Business and a staff incentive idea for your business.
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BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

The April Small Business Advisory quotes research performed by a faculty member at Purdue. The question was asked of 20,000 people, "What do you want in an experience with a business?".

 

The advisory shares the top five answers, for which the majority require the skills that only a human can have. It is not artificual intelligence or software that deals with customer service management.

Small Business

News

 

Top Story

It has been many years since we received an email from Ron of Arrow Floor Covering. Yet we still read it time and again as there are words of wisdom in his message.

 

Would the next generation want to work in your small business?


Article of the Month

Owning a small business has a lot of similarities to owning a small business. Not so much because of the hours you spent with the business, but because of the commitment you are making to yourself, your employees and your customers.

 

The April Article of the Month is titled, "With this ring, I thee wed".


Book of the Month

Everything in the April edition of Small Business News has a tie to the connection of you and your employees to your business. The same is true with this month's book suggestion which is, "Hit Refresh" by Satya Nadella, chairman and CEO of Microsoft.

 

All this plus the Internet Tool for Your Business and a staff incentive idea for your business.