Posts by Matt Tarkenton
How to Patent Your New Idea
Once you’ve come up with a great idea for a product or service, it’s important to find ways to protect your invention. Not only do you want to make sure people know that it was you who invented the product, but you also want to prevent anyone else from copying your idea and profiting off…
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Workers’ Compensation Insurance 101
Workers’ compensation laws mandate that employers cover their employees for injuries incurred while on the job, whether on company property or at another location on company business. For example, a delivery person would be covered for an injury loading his truck on company property, an injury while unloading his truck at the customer’s site or…
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10 Tips for Buying Business Insurance
Buying insurance can be a frustrating process for business owners. Providing all the information to the insurer can be time-consuming, and if the policy is then declined it can be very disheartening, and the whole process can seem like a waste of valuable time and resources. But for all the difficulties, you need insurance, and…
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Is Good Ever Better Than Perfect?
“A good plan violently executed now is better than a perfect plan executed next week.” – George S. Patton I have been thinking and talking a lot lately about how to build marketing plans. So let me share a little secret with you all: The perfect marketing plan does NOT exist! Let me give you…
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The 6 A’s of Powerful Leadership
Great business leaders don’t merely reach their goals of achieving growth within an organization; they carry themselves in a way that garners the respect of those around them. By observing great leaders, we can gain a better understanding of what it takes to emulate their success. I’ve put together a list of 6 traits that…
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When Should You Fire an Employee?
As a small business owner, you can’t afford to take risks when it comes to hiring the right employees. Sometimes, however, you make a mistake and you hire someone who you shouldn’t have. When is it time to fire this employee? Here are a few guidelines for how to go about dealing with inefficiency in…
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Focus on Your Top Priorities
Every small business owner knows that it takes never-ending effort and constant work to build a successful company. There are so many things to do, and only so many hours in a day! But you can’t allow yourself to become too busy to focus on the most important tasks. Many entrepreneurs find themselves in a…
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Structure of an Insurance Policy
Policies are designed with the following objectives: Providing coverage that is attractive in the marketplace Limiting risks to those that can be actuarially quantified Spreading risks over a large pool of policy holders Rating (pricing) policies based on quantifiable risk factors Controlling the cost of claims management and settlement The underwriters are responsible for approving…
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What’s Your Exit Strategy?
If you funded your startup through outside investment, then this question will come up at some point, “How do I get my money back?” So, what’s your exit strategy? You need to have something planned. You always hear about taking a company public with an initial public offering, or IPO. You put your company on…
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How Do I Innovate?
In the business world, you hear all the time about how important it is to innovate. But when you get past the talk, how do you actually do it? Being innovative is really hard work! But to win more customers and outshine the competition, it’s a necessity. Adam Richardson, the author of Innovation X, described his thoughts on how…
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