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DanielMorales.com |
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Discover How to Survive, Thrive and Prosper During the Recession!
The 5 Steps to Business Survival
- Determine the financial condition of your business
- Increase sales with better marketing strategies
- Reduce costs and improve profits
- Implement Financial Management Strategies
- Improve productivity by using technology effectively
... but wait.. there is one more...
- Develop the prosperity mindset and support to succeed.
(Services available in English and Spanish)
- Daniel Morales is an International Trainer and acclaimed Speaker.
- He has helped hundreds of people create prosperity and increase their value by building profitable high performance businesses.
- Daniel will teach you how to.... successfully start, build, grow, manage and turnaround your small business.
- As an entrepreneur, business coach, consultant and mentor, Daniel provides you with real life practical experiences and solutions you can start implementing today!.
- If you have a need for a dynamic inspirational entrepreneurship and small business trainer and keynote speaker, Daniel delivers a unique emotional, technical and spiritual experience. Contact him for details, fees and available topics.
Even the most confident business is apprehensive with the recession and the weakening economy.
For small businesses, the stakes are higher and the environment more difficult.
As a business owner, you've likely tried a lot of strategies to keep your business afloat and growing. So, are there strategies that consistently produce the results you want? ...that consistently make a difference?
Many of entrepreneurs and small business owners, just like you, are learning what to do to stay above the crisis. You can do the same.
Learn about the driving forces in the economy that affect your small business.
Prepare yourself to handle the current financial credit and capital crisis.
Change your mindset and beliefs to attract prosperity in difficult times.
Learn why "Cash is King" in this environment and how to use smart financial management tools to make better decisions.
I will teach you the strategies and techniques as well as give you the tools, mindset and the qualitative and quantitative strategies you can implement in your business to thrive and prosper.
Learn the ways to increase your cash flow position from your current balance sheet.
Apply the techniques to improve your cash flow from your income statements.
Get better understanding of the real value of your business and how to increase during this crisis.
Obtain results by implementing the strategies to improve tue quality of your sales and marketing efforts and learn how to manage a better business.
You will learn the knowledge to improve the value of your company to better handle this crisis.
Explore ways to re-evaluate strategic goals and better position your business in today's marketplace.
Share best practices for business success with peers.
The training and counseling you'll receive from Daniel Morales, will make the difference. Guaranteed!
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Articles also on this Site... |
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The Stimulus and Small Business: What's In It For Us?
We've had a number of small businesses wondering how the recent passing of the stimulus package will ultimately affect their bottom line. Based on our research, the following seems to be of importance for small business owners.
1. If you lost money. Some small businesses will be able to use monetary losses to their tax advantage. To qualify your gross receipts have to fall at $15 million or under. You can use your losses to alleviate your tax bill for two years prior to the loss and 2 years following the loss. Ask your accountant about this important change to the tax regulations.
2. Money for equipment. A business can normally write off up to $125,000 in spending for equipment such as vehicles, machinery and computers. In 2008, that amount was temporarily increased to $250,000. The stimulus package maintains the $250,000 level through 2009. However, if you already spend more than $800,000 on these types of capital expenditures, the deduction is phased out. For this reason it is geared more toward small business spending.
06/12/2009 11:46 AM - 16 - 06/12/2009 11:40 AM
From the WSJ:
Rising interest rates threaten to dim prospects for a housing recovery and choke off a refinance wave that was a major plank of the Obama administration's economic-stimulus efforts.
On Wednesday, rates on 30-year fixed-rate mortgages climbed to 5.79%, up from 5% two weeks ago, according to HSH Associates. That jump will cut roughly in half the number of borrowers with an incentive to refinance, according to FTN Financial.
Ten year treasury yields started to soar and 30 year mortgages for good borrowers jumped a full point from 4.5% to 5.5%. in Just two weeks!
Many people who were looking to refinance or purchase properties are now out of the game. The credit markets are getting tighter again.
For many small businesses who were looking at the new programs may have to look for other funding alternatives.
06/11/2009 01:09 PM - 23 - 06/11/2009 12:53 PM
US Foreclosure filings (default notices, scheduled auctions and bank repos) were 321,480 U.S. properties during May 2009.
One in every 398 U.S. housing units received a foreclosure filing in May, the third highest month on record.
RealtyTrac said they expect REO activity to “spike in the coming months as foreclosure delays and moratoria implemented by various state laws come to an end.”
Click Read more for a larger map.
06/11/2009 12:51 PM - 24 - 06/11/2009 10:33 AM
Calvin and Hobbes’ take on the Recession.
Click to read the rest of the story... Enjoy!..
06/11/2009 12:30 PM - 151 - 03/16/2009 10:12 PM
SBA Goes Green With Loans for Small Businesses
Small business owners thinking of incorporating green technologies at their facilities are now eligible to borrow more money to make it happen. The U.S. Small Business Administration (SBA) is now offering special financing to small business entrepreneurs who go green through their SBA 504 Loan Program.
February 5, 2009 -- The SBA 504 Loan Program has been assisting small business entrepreneurs for over 25 years by providing fixed rate, long-term financing for the purchase, construction and renovation of commercial real estate. SBA 504 loans provide a source of long term capital with typically only a 10% down payment from the small business borrower. The rest of the financing is arranged by a Certified Development Company (CDC) securing an SBA 504 loan for up to 40% of the project costs and a lender providing the remaining 50% of the project funding.
06/11/2009 12:19 PM - 16 - 06/11/2009 12:17 PM
How to Jump Start your Sales in a Downturn
by: Daniel Morales, MBA
With the current challenging economic conditions it’s suddenly become much harder to win new customers and more business. But going back to basics can help jump start your business performance while your competitors struggle.
Even in today's economic conditions, growing your business must likely be your number one goal. However, in the current economic downturn your ability to develop new sales can be harder.
How do you increase your bottom line when your finances continue to be challenged? How do you continue to cultivate your client base when even your most loyal customers are cutting back on their own spending?
Here are a few things you can do today to help jump start your sales even when the economy is tanking:
06/11/2009 12:16 PM - 21 - 06/11/2009 12:14 PM
I found this video that explains the current credit crisis in a simple, yet well done graphic form done by a student at one of the best schools in the area.
The Short and Simple Story of the Credit Crisis, viaCrisisofcredit.com
From Jonathan Jarvis website.... "The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.
02/21/2009 10:23 PM - 83 - 02/21/2009 10:08 PM
By Rhonda Abrams, USA TODAY
February 13, 2009
Here's a trivia question: Who's the only U.S. president to receive a patent? Here's a hint: He was also a small business owner and one-time retailer. The answer: Abraham Lincoln.
This year we observe the 200th anniversary of Lincoln's birth. We remember Lincoln as a great president, who helped save the nation and free the slaves. But a little known fact is that Lincoln was also one of us, and small business owners and entrepreneurs can find a kindred soul in Abraham Lincoln:
• He was self-made. He worked his way up from poverty, with less than one year of formal education.
• He was a retailer. He owned a small store, which quickly went out of business.
02/16/2009 10:19 AM - 66 - 02/16/2009 10:14 AM
Steve Jobs, an entrepreneur who changed the world
How some entrepreneurs change people lives.
A personal story by Daniel Morales
I recently read on the news that Steve Jobs, founder of Apple Computer and Pixar Studios is taking a leave of absence to recover from complication of pancreatic cancer. It is rumored that his prognosis is not that good and that the inevitable may soon come to pass. Let’s pray for his recovery and celebrate his life.
Steve Jobs is one of the most successful entrepreneurs of our generation. His success story is legendary. Put up for adoption at an early age, dropped out of college after 6 months, slept on friends’ floors, returned coke bottles for 5 cent deposits to buy food, then went on to start Apple Computers and Pixar Animation Studios.
Watch him in action during the introduction of the Macintosh computer in 1983
Read the 12 Rules of Success of Steve Jobs then watch him deliver one of the best speeches at the 2005 Stanford Graduation Ceremony.
02/08/2009 03:09 PM - 115 - 02/07/2009 06:18 PM
The Gift of Time
By: Daniel Morales, MBA
Every year at this time, we think about time and what we have done and accomplished during this year that is coming to an end and what we expect to do, goals and accomplishments for next year.
Again, we are given a new gift of time.
We have a whole new year of opportunity.
As we look into next year, 2009, let's look at it from a new perspective.
I see 12 months, 52 weeks, 365 days, 8,760 hours, 525,600 minutes, 31,536,000 seconds.
12/29/2008 05:11 PM - 123 - 12/25/2008 10:59 AM
Last week I gave a talk at the Los Angeles SBDC Annual Network meeting, and I asked the question.. how long do you think will take for us to get out of this recession?.. 65% of the attendees said it will take over 2 years.... What do you think?..
Take a look look at the chart below to see where we are in this financial tsunami...
Then watch the 60 minutes video that I highly recommend. It goes through, what many people have known for some time, that there are multiple waves of the financial crunch. We are just ending the first one..
Then watch a video from Fred Thompson explaining why this bailout may not work this time. Spending and more debt may not be the right formula to get out of an overextended debt crisis.
Maybe its time to consider your own plans and strategies to get your own business and personal situation prepared and ready to deal with the crisis as it continues unfolding and not only survive, but thrive and prosper.
12/29/2008 05:11 PM - 135 - 12/17/2008 02:35 PM
Winning is a Management Strategy Game
by: Daniel Morales, MBA
During the Olympics games millions around the world watched athletes challenge themselves and each other. We saw them, both in athletic skills and professionalism. Not only did we get a chance to see sports performances but we also got a glimpse, through interviews and spotlight pieces, of the means that these athletes use to reach their best performances.
What does this have to do with you as a small business owner and entrepreneur? Two things.
First, an entrepreneur's role is to lead people to aspire to be better, and to make anything appear possible. Perhaps we can gain insight into this process by learning from these athletes.
Second, entrepreneurs themselves can aspire to "winning management", using some of the techniques of athletes to increase their personal management effectiveness.
Let's take a look at four general techniques that small business owners can use to enhance their ability to deal with challenging situations.
12/02/2008 06:40 AM - 1005 - 01/13/2006 08:52 PM
The Importance of Giving Thanks.
By: Daniel Morales, MBA
Today in the US is Thanksgiving Day, a day dedicated to give thanks for life's many blessings and to acknowledge that we are all interconnected. We depend on one another for everything. We celebrate with a fabulous meal and in that feast, we receive the bounty and abundance of this earth. Let's make a daily practice to express gratitude.
It does not matter where the blessings and gifts come from, what we know ultimately is that there is an infinite source of energy and supply of all things.
Today and every day may we all experience heaven on earth by living in conscious appreciation of all the many gifts we have. May your life continues to bring you unceasing blessings, peace, love, abundance and prosperity.
Here below are some quotes to remember the importance of giving thanks....
11/29/2008 10:39 AM - 210 - 11/28/2008 03:49 PM
As an Engineer, am in the lookout for some interesting situations.. This one caught my attention.. A classic example of engineering problem solving skills... Posted here for entertainment purposes only... enjoy....
Is hell exothermic or endothermic?
An internet story in the public domain.
The following is supposedly an actual question given on a University of Washington chemistry mid term. The answer by one student was so ‘profound’ that the professor shared it with colleagues, via the Internet, which is, of course, why we now have the pleasure of enjoying it as well:
Bonus Question: Is Hell exothermic (gives off heat) or endothermic (absorbs heat)?
Most of the students wrote proofs of their beliefs using Boyle’s Law (gas cools when it expands and heats when it is compressed) or some variant.
One student, however, wrote the following:
11/29/2008 10:38 AM - 784 - 04/03/2006 05:02 PM
According to bankers, the following “five Cs” of credit are key to getting a business loan.
01/25/2006 09:01 PM - 843 - 01/25/2006 08:57 PM
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Blogs also on this Site... |
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Capitalism R.I.P. ??
Many say the government intervention on Wall Street is the death of capitalism. Join Hoofy and Boo as they deliver a stirring eulogy.
11/28/2008 04:15 PM - 183 - 10/02/2008 05:11 PM
The Incredible Power of Words
The Incredible Power of Words.
By: Daniel Morales
Director
San Gabriel Valley SBDC
Words, words, words… They can help or hurt your business… and your life...
Words create images, impressions, expectations, feelings and emotions. They also build connections on how we perceive the reality around us. In the end, its about how we use them to get the results we want.
Let me give you an example….
Do you have a problem?.. or a challenge?.. which word moves you towards a positive action or takes you away from it? Think about how these two words move you in a different direction. You can fix a problem or escape from it. You can meet a challenge or raise up to it.
In business, its how you use words that can help you increase sales… want some proof?... Check this short inspiring video..
09/11/2008 08:41 AM - 247 - 08/29/2008 05:48 PM
Maximizing Your Business in a Tightening Economy
Maximizing Your Business in a Tightening Economy
Even the most confident business is apprehensive with the recession and the weakening economy.
Read more for upcoming workshops and to join our information list for upcoming presentations, workshops and materials about what you can do to stay above the crisis.
Learn about the driving forces in the economy that affect your small business.
Prepare yourself to handle the current financial credit and capital crisis.
Change your mindset and beliefs to attract prosperity in difficult times.
Learn why "Cash is King" in this environment.
Read more for info and to register for upcoming seminar and information list.
05/01/2008 02:07 PM - 226 - 03/31/2008 06:21 AM
Benjamin Franklin, Entrepreneur
Franklin was the youngest son and fifteenth child born to his working-class father and he only attended school for two years - but he made enough money to retire from active business by the age of 42.
How did he do it?
03/30/2008 06:05 PM - 352 - 12/03/2007 07:19 AM
The Honda Accord commercial from the UK...
This is one of the BEST! commercials ever done. Its creativity, ingenuity and engineering are some of the best I've seen. It took 600 tries until they finally had it right.
Simply amazing!...
11/10/2007 07:58 PM - 294 - 11/10/2007 07:54 PM
Go figure... Inflation was low because oil prices surge
Inflation was low because oil prices surged
In GDP math, sometimes one plus one equals zero
From an article in Marketwatch.com:
As odd as it sounds, the government reported that inflation was at a four-decade low in the third quarter, primarily because import oil prices rose so much.
If you don't understand that, welcome to the confusing world of national income accounting, where up sometimes is down, and where sometimes one plus one can equal zero.
The simple explantion:
Because of the way the government counts and reports the numbers, real-life inflation was understated and growth was overstated.
The economy didn't really grow 3.9%, and inflation really wasn't 0.8%. The numbers aren't as good as they look.
When I read this, my engineering mind likes to question and look at the numbers and formulas. When I was an undergrad student, I loved to solved complex mathematical models and formulas, so when I looked at this one, I gave up. These calculations and formulas are simply puzzling.
11/01/2007 08:01 AM - 325 - 10/31/2007 04:02 PM
Some Financial Humor from the BBC Television...
Here are two videos from European English BBC Television......
"The Last Laugh - John Bird and John Fortune present:
"It's Credit and it's Crunchy" and
"The Subprime Financial Markets"
A humorous take on the financial markets, the subprime mortgage situation and some funny insights into the minds of the investment bankers in Wall Street and London...... Enjoy!...
10/22/2007 08:33 PM - 330 - 10/22/2007 02:55 PM
The 'Money' Speech - From 'Atlas Shrugged' by Ayn Rand
A few years after I finished my MBA, I bought and became familiar with some of Ayn Rand books, I read "The Fountainhead" and then took on to read "Atlas Shrugged". Unfortunately, I was not able to finish it. However, I kept a copy of the famous money speech by Francisco, it's a classic.
I started to read the book again and while I do that, I want to share with you the famous 'Money Speech' from the book.
You have to read it a few times to really understand it. And once you really get it, it can save you a lot of money in financial education and personal development in understanding about abundance and prosperity.
This book will gain popularity in the next year due to several factors. Alan Greenspan, former chairman of the Federal Reserve Board took this book to heart and writes about the influence it had in his life when he read it in the early stages of his professional life. Next year, a movie is coming out in the theatres, Angelina Jolie is one of the main characters in the movie. The book turns 50 years this year.
Here below is the 'Money' speech from the book:
10/12/2007 01:49 PM - 479 - 10/12/2007 12:21 PM
The fed has spoken... inflation ahead.. get ready...
The Fed has spoked and lowered interest rates in a seriously attempt to correct a troubled economy...
We may see higher inflation and possibly a recession just around the corner.
According to this article on Bloomberg..
Fed Rate Cuts Will Spur a Recession
Interest rate cuts by Federal Reserve Chairman Ben S. Bernanke will spur inflation, cause the U.S. dollar to collapse and push the world's largest economy into recession
09/19/2007 04:44 AM - 338 - 09/18/2007 08:24 PM
Secrets of Business Success - Shared with Humor (TED)
This is a great short video that I found.. What are the eight secrets of success in business? Watch it to find out!!!...
Let me know what you think... Enjoy!..
09/03/2007 06:09 PM - 268 - 09/01/2007 11:18 AM
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Daniel Morales .com
