Category Archives: 9 Finance

New Apple iWork Numbers Patent

Apple has been granted a new patent for it’s iWork Numbers application. You might want to take a look at it.

It relates to when you want to copy data into a new chart that the new data is associated with the old data into a new data set.

That’s business.

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FREE MacStartup Seminar Aug 18th and 20th

Do you have a Mac and want to make some money? Do you have skills or talents that are underutilized? Are you just itching to do something more with your life?

I’m putting on a FREE Hour Seminar for those that have Macs that are considering starting their own business. From your “idea” to your “Grand Opening” I will walk you through the necessary steps to get started. I will cover:

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If the average US family were the US Government

GAO Chart Forecast Debt % to GDP

Image via Wikipedia

It is always good to keep things in context and perspective. Dave Ramsey is a family debt consultant and radio talk show host (The Great Recovery). As an entrepreneur, you’re tasked with keeping your costs down so you can make a profit rather than going deeper into debt. While most VCs (Venture Capitalists) and Angel investors invest in businesses, it is their money that they have earned and want to invest to earn more. It’s not about taking on debt, it’s about making more income. It’s about how much can you make for doing a service to your fellow man, whether it’s from a product or service that people want.

The win/win is when both parties get a benefit from a business transaction. When one or the other loses, it’s not good for business or the customer. And when an entrepreneur takes on debt, it lessens business growth, especially if the interest rate is high, and which our government spending and borrowing does affect business and economic growth.

So, here is Dave’s view of the US government and its spending habits if we allow it to continue:

“If the US Government was a family, they would be making $55,000 a year, they spend $96,500 a year, & are $366,000 in credit card debt. What’s the first step to get out of debt? Stop overspending! But that means a family that is used to spending $96,500 a year has to learn how to live on $55,000. That’s a tough pill to swallow. It works the same way for the government. You can’t borrow your way out of debt, whether you’re a typical American family or the entire U.S. government. At some point, you’ve got to say, “Enough is enough!” and make the hard cuts necessary to win over the long haul.” – Dave Ramsey (Update – Here’s the source of the quote. There’s a post going around the internet that gave different figures, I researched for Dave’s quote and updated the figures to reflect this comments, even though it’s not the accuracy of the figures, but the principle of the figures that are alarming. Ed.)

Now Dave puts things into the right frame of mind for the average American.

If you want to know our national numbers, check out US Debt Clock and see where we are now. We’ve almost reached the point where our national debt will overtake our national assets. National debt: $14.5 Trillion. National Tax Revenue: $2.2 Trillion. Federal Spending: $3.6 Trillion.

Wouldn’t you agree?

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Apple Volume Purchase Program for Software

Apple has posted a way for businesses to buy multiple copies of software through the Mac App store, but you have to be big enough and have Dun & Bradstreet number before you can take advantage of it. Here are Apple’s requirements:

  • A Dun & Bradstreet (D-U-N-S) number for your company
  • Contact information for your company
  • Business address (no Gmail or Yahoo email addresses) that reflects your D&B number
In addition to the above, the
Volume Purchase Program provides your business with an easy way to procure custom B2B apps built by third-party developers. Custom B2B apps are built to address a unique business need, and therefore are not available to the general public for purchase.
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Pricing your products or services

One of the most crucial points of any startup or entrepreneurial business is how to price your products or services. During a recent radio interview with Kristin Tews she asked my thoughts about pricing your product and we got into a short discussion, but it needs to be clarified for those that listened to the interview what I was referring to. I was referring to the tendency to “drive toward the dirt of pricing” versus her thought about “no one will pay $80,000 for your services if they’re worth $40,000,” two ends of the sliding scale of the price continuum, not one side or another. So here’s an illustration.

“House for Sale.” One of the easiest ways of seeing pricing in action is watching the selling price of a house, so here’s an example:

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Getting Money for Your New Business

Here’s a guest post by James Kim who is a writer for


Always wanted to start your own business and be your own boss? Maybe you’ve always held back because of how expensive you thought it would be? Well, don’t worry any more! The recent huge success of small businesses (they’ve been the source of 64% of the net new jobs in the country over the last 15 years according to reports by the U.S. Small Business Administration) has spurred funding to aspiring entrepreneurs. With some funding behind you and business solutions readily available, there’s no excuse not to go for it any more

Yeah, so the money’s there, but where are you supposed to go to get it? Well, as the Federal Reserve Bank of New York advises on its website, it’s usually a good idea to start your search with “friends or relatives, partners, local development corporations, state and local governments offering low-interest micro loans or credit unions with small business loans” rather than big banks. Not only are you able to keep things closer to home, but it’s likely that you’ll find a much better deal. And, if that doesn’t work and you still like the idea of a more personal loan, you can use a site like that tells you how to use loans against your 401K or IRA funds in order to start your business. Continue reading

Collateral online business damage goes both ways

If you have an online business which hosts your eCommerce, or even backs up your data, such as Apple’s iCloud service due out later this fall, you just might get collateral damage if the government comes looking for illegal activity.

The same business disaster can occur if it is an act of God, such as  a tornado, hurricane, or a flood. What most people may not realize is that there are two costs to these type of acts:

  • The cost of disrupting your business, i.e. the loss of income
  • The cost of replacing and restarting your business, i.e. the cost to replace what is lost and to get back up running again.

This comes in two forms of collateral damage.

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