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Volume 23 | October 2019
GATOR BITESGATOR BITESGreetings!
Here's your October 2019 edition of GatorBites with ideas and tips to help grow andimprove your business or organization.
FEATURE ARTICLESingle Focus For Better Results
Also in this issue:
Business TipQuote of the MonthInspiration - Women Who Changed The WorldBook of the MonthWords of WisdomBudgeting Tips for Small Business - Chris HerchovonVideo - Dr. David StallingsMoney Saving IdeaHumorRev Up Your BusinessDr Craig Richardson reviews The Alligator Business SolutionLibraries For Kids, Int'lPromote Your Business
Focus on the Objective, Not the ObstacleSuccess, real success, is helping other people be successful.
Pass it OnIf you enjoy Gator Bites, please pass it on to your friends.To subscribe, click here: Subscribe to Gator Bites
Single Focus for Better Results
Have you heard the story about the guy whojumped on his horse and rode off in alldirections? You can’t accomplish everything atonce, and you can’t accomplish ten things at the
same time. Obvious, right?
All too often, small business owners try to accomplish toomany things and wind up not doing anything well. Varying theproducts and services your company offers is fine, but there isa time and place for diversification. When a lion stalks its prey
READ MORE
Business TIP - Teamwork
You can't accomplish much without a great team. Here is anarticle with 12 Tips for Team Building in the Workplace Read The Article
Quote of the Month
I cannot believe that the purpose of life is to be happy. I thinkthe purpose of life is to be useful, to be responsible, to becompassionate. It is, above all to matter, to count, to stand forsomething, to have made some difference that you lived at all.– Leo Rosten
INSPIRATION
30 Women Pioneers Who30 Women Pioneers WhoChanged the WorldChanged the WorldI came across this article so for the next few months
we will profile these amazing women.
Susan B. Anthony
Believing failure to be impossible, this New York disruptor isone of the main reasons ladies get to collect a sticker onelection days in the United States. In fact, the
19th Amendment to the Constitution—which granted the rightto vote to all U.S. women over 21 in 1920—is also known byher name. According to the Susan B. Anthony House museum,she participated in her first women’s rights convention in1852. Over the next 54 years, she published The Revolution;circulated petitions for married women’s property rights;established a press bureau to provide articles to national pressoutlets; gave speeches; formed Working Women’sAssociations for the publishing and garment trades; called thefirst Woman Suffrage Convention in Washington, D.C. (1869);and was arrested for voting (1872). She was also a vocaladvocate for abolishing slavery and improving workers’ rights,higher education for women, and training standardization andregistration for nurses.
If you don't want to wait for the future profiles, click here toread the Readers Digest article.
Book of the Month:
Don't Sweat The Small Stuff byRichard Carlson, Ph.D.
Life is incredibly stressful these days,Job, school, kids activities, volunteerwork, etc. At times it can beoverwhelming. Dr. Carlson revealsways to deal with all the stress,calm
your life down, manage all your responsibilities.
Words of WisdomBeing a Better Leader - Admit It
I am Wrong: Admit to your staff when you have made a wrongdecision, because chances are they already know. Not beingable to say when you are wrong diminishes your effectivenessin the work place. Managers who narrow in on the blame andrefuse to admit that they are wrong are viewed by theiremployees as weak and dishonest. Eventually, employees loserespect for the manager and good workers move on. Peopleopenly respect a person when they are big enough to admit thatthey erred in some way or other.
Gator Bites welcomes guest columnist ChrisHervochon, owner of SOAR - A Better Way CPA.https://betterwaycpa.com/, 843-608-0298,[email protected]
As a small business owner, what are your best tips onbudgeting?
As a CPA that has helped large corporations, mid-sizedbusinesses, small businesses, HOAs and a (now) a countygovernment prepare budgets, there are a few things that areconsistent no matter the organization that you should bemindful of. Here are my top 4 things:
1. Revenue before cost. If you don’t have the revenue to payfor a contemplated expense, or if you don’t know that you’llhave the revenue, then don’t budget for the expense.Otherwise, you’re just asking to put yourself in a hole.
2. A budget is like a forecast, but budgeting and forecastingare separate. A budget is a plan, a forecast is what you thinkyour results over a given period are going to be at a given pointin time. In other words, a budget is set at the beginning of theyear (or some other time), and it stays that way until the nextbudget cycle. A forecast can be updated on an ongoing basis tocompare how well you thought you were going to do to howwell you did (actuals), or to compare to your budget. As anaside, my all-time favorite quote in the workplace came from anexecutive at a large company that I worked for, he said “theonly thing I know about that forecast is that it’s going to bewrong.”
3 .Ask for detail. If you’re in charge of aggregating the budgetand people are feeding you information, ask them for the detail.If they can’t articulate needs and provide good solid evidence, itshould be left out of the budget.
4.Revisit the budget frequently. A budget is a plan, and it’shelpful to revisit your plan from time to time. Otherwise, it’s justa document collecting dust on the shelf. If you’re constantlyanalyzing how you’re doing against your plan, it will help toinform decisions going forward as well as subsequent budgetpreparation.
Hope this helps!
Dr. David Stallings talks aboutsome keys to his success withCornerstone Physical Therapyclinics.
Watch to the interview
Money Saving Idea
Here's The Proof!Below is a receipt from an actual purchase.While a 35% savings isn't typical on everypurchase, you can expect 10-15% on most itemsin our catalog.
In 2010 we partnered with Staples to create Rockwell PurchasingAssociation (RPA) so small businesses could qualify for commercialdiscounts. Your organization would have to purchase $35,000/year toqualify for commercial discounts. By combining the purchases of our100+ members, we qualify for 10-15% discounts. I've actually gottenas much as 40% but that isn't the norm. Contrast that with StaplesRewards, which is a retail discount program for individuals that gives5% discounts. As a member of Rockwell Purchasing Associates(RPA), you can buy online or in any store in the lower 48 states. Thereare over 23,000 items in the RPA catalog. Not only do we have officesupplies, but we have cleaning and break room supplies, furniture,technology products, logo items, and many other business serviceslike printing and promotional products. Non-profit organizations arealso eligible for membership.
Membership in RPA is FREE, and there are no purchaserequirements. To sign up, click on RPA and start saving.
Did you know you can order online through RPA and pick up at the
store?
HUMOR
The School teacher asked, “Now, Johnny, tellme, do you say prayers before eating?”
“No sir,” he replied.“We don’t have to, my Mom is a good cook!”
Rev Up Your Business Engine.Risk Free Business HealthCheckupDr. David Stallings is an awesomephysical therapist. He can just look atyou walk or move and diagnose the
problem. How can he do that? He knows where to look, what to lookfor, and how to use the information. Similarly, we can look at yourbusiness and quickly diagnose areas where you can make moremoney because like Dr. Stallings, we know where to look, what to lookfor, and how to use the information. Contact us today for a risk freecheckup. If we can't increase your profits by at least $500, you don'thave to pay us.
Click Here Business Health Checkup
Contact us at [email protected] or 843-597-4826 for a freeconsultation.
Need a speaker?
Coach Roy recently did two presentations at theinternational convention of Institute of ManagementAccountants in San Diego. Coach Roy Austin haspresented to audiences all across the country atconventions,company management teams, and non-profits.His presentations are characterized as combining humorand true stories with unique graphics to convey businesseducation. Roy will be speaking at the Savannah CFOCouncil on Wednesday, October 23, 2019. To make areservation click here Contact Roy at 843-597-4826 oremail him at [email protected].
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Gator Bites e-News is dedicated to the DWITS of the world.What's a DWIT? See the February 2018 edition of Gator BitesClick here
BOOK REVIEW - Dr. Craig Richardson
The “Alligator Business Solution” is a book I would recommendto anyone thinking of starting a business, or anyone whocurrently has one. Throughout its pages, Roy makes you feellike he is right there with you in the room, encouraging you withhis treasure trove of true-life stories of business owners, eachwith a lesson to teach. The Alligator is a wonderful metaphor,as Roy takes each aspect of running a business and turns it intoeasily digestible “gator bites.” Roy shows us that the apparentlydaunting “elephant” like problem of learning a business is just toeat it “one bite at a time.” Everything is laid out for clarity andorganization, yet Roy makes learning fun with quotable quotes,funny graphics and thoughtful images. The book has hands-onexercises that reinforce its messages. It inspires the reader tosee that there are many ways to run a successful business, butall have one thing: singular focus. And that is the strength ofThe Alligator Business Solution: it practices what it preachesthroughout its pages that are conversational, funny and
inspiring, yet at the same time, driving home life-longlessons. Refreshingly, the book doesn’t preach in platitudes:instead, like all great “how-to” authors, Roy comes across as alistener: he makes you ask yourself, “What do you want? Whatare your values? Which businesses do you identify with? TheAlligator Solution is simply a must-have for future businessowners, and any current business owner will greatly profit fromits wisdom as well.
~Dr. Craig J. RichardsonBB&T Distinguished Professor of Economics
Winston-Salem State University, Winston-Salem, NC
For more reviews click here.
Click here to order the paperback or ebook
Paperback
Profits donated toLibraries For Kids
E-book
Profits donated toLibraries For Kids
Libraries For Kids, Int'l
Rockwell Business Solutions supportsLibraries For Kids, Int'l which works tohelp rural schools in underdeveloped
countries establish school libraries when there is no internetconnection and limited or no electricity. For more informationclick below. All profits from the sale of The Alligator Business
Solution go to support Libraries For Kids, Int'l. For every $100you contribute you will receive a signed copy of The AlligatorBusiness Solution.Website
GoFundMe
Promote your BusinessGator Bites is distributed to over 1,900 peopleDo you have an idea, best practice, or tip that couldbenefit others and promote your business? Email meat [email protected] and I'll publish it in a futureedition of Gator Bites.
For only $25/issue, you can get your business in front of a largeaudience. Promoting your business can include links to your website,email, phone numbers, and one image.
If you are interested in being a regular sponsor of Gator Bites, contactme at [email protected] or call 843-597-4826
Focus on the Objective, Not the Obstacle
Success, real success, is helping otherpeople be successful.
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Gator Bites is brought to you byCoach Roy AustinRockwell Business [email protected]//alligatorbusinesssolution.comhttps://www.rockwellbusinesssolutions.com/
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