If we all started thinking about it, we would discover a horrifyingly long list of ways we have thrown away money by putting off essential tasks. But at least we are not alone. If you polled friends and co-workers, there's a good chance you'd hear a number of similar experiences all caused by procrastination.
Each week at Louis Mamo and Company we try to identify stories that might be important to you and your business. We look at and examine trends in marketing, technology and general business so that you may benefit by potentially adapting your business to insure its longevity and success.
Almost half of the world’s population claims one of only 10 languages as their mother tongue. So what are the top 10 languages of the world? You might be surprised.
This week the issue of privacy in social media dominated the news. And as Mark Zuckerburg gets ready to head to Washington, the impact of Facebook’s woes on small businesses was addressed. The eroding of trust in the social network among Americans may have small businesses rethink how to use Facebook to reach customers.
Arizona officials saw opportunity when Uber and other companies began testing driverless cars a few years ago. Promising to keep oversight light, they invited the companies to test their robotic vehicles on the state’s roads.
Then last Sunday night, March 18, an autonomous car operated by Uber — and with an emergency backup driver behind the wheel — struck and killed a woman on a street in Tempe, Ariz. It was believed to be the first pedestrian death associated with self-driving technology. The company quickly suspended testing in Tempe as well as in Pittsburgh, San Francisco and Toronto.
Television-advertising sales in the U.S. fell 7.8 percent to $61.8 billion last year, the steepest drop outside of a recession in at least 20 years, while sales at cable networks slumped for the first time in almost a decade. And there’s no sign of a pickup in 2018, excluding cyclical events like the Olympics and the midterm elections, according to data from Magna Global.
People looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops. The handful of lending companies tapping into the trend let their affluent clients take quick thousand-dollar or million-dollar loans with high-end collectibles as collateral. That's far greater than the average loan size of $150, according to the National Pawnbrokers Association. Business owners say the way the luxury goods-backed loans are growing points less to the financial distress associated with pawn shops and more to seize money-making opportunities.
Tony Robbins once said, "If you want to be successful, find someone who has achieved the results you want and copy what they do and you'll achieve the same results." While many people dismiss self-help gurus like Robbins, thinking they are charlatans or modern day medicine men who perpertrate an elaborate con, the more successful ones, including Robbins, follow several common principles that help motivate sales people into becoming top performers.
Do you or your company use Gmail? We are seeing more and more companies and individuals moving to Gmail as their preferred email platform. And there's a good reason for that. It’s free. Not only is Gmail easy to use, but whether you realize it or not, it keeps evolving and has developed into more than just a simple communications tool.
Even if you aren’t very interested in sports, there's no escaping the TV coverage that has been given to the 2018 Olympic Winter Games from Pyeongchang, South Korea. You also probably know that the U.S. is winning it's fair share of medals and there have been celebrations to mark these achievements.
We are only six weeks into 2018 amd with every new year, there is always an opportunity to take stock, reevaluate, and course-correct our businesses when necessary. This is especially true for entrepreneurs like yourself, who can take advantage of this time in order to establish smarter business practices and keep your businesses moving in the right direction.
When it comes to athletic competitions there is often an emphasis placed on teamwork for without it, championships are not won. And while teamwork is important in athletics, the same principles apply to business for without workplace teamwork, businesses do not succeed, they fail. Being a master of one or a jack-of-all-trades in today’s world does not bring about success if you are unable to work as part of a team. The importance of teamwork cannot be stressed enough!
Although our client base consists of businesses and individuals throughout the U.S. and around the world, most of our clientele and recipients of our weekly newsletter reside in South Florida and Las Vegas. We all know the influence of the Spanish language in Miami-Dade and Broward County (Fort Lauderdale) in Florida, and with 29% of the population in Clark County, Nevada (Las Vegas) being Hispanic, we must ask the all-important question, “Does Your Business Need to be Bilingual to Survive?”
Each year the very brightest and best converge in Las Vegas for the annual Consumer Electronics Show (CES) and once again this year representatives of Louis Mamo & Company were in attendance looking for cutting and leading edge business and consumer solutions for its clients and customers.
Beyond just a memorable logo, good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier. So what exactly is a brand?
The short answer: Everything!
Whether you own or run a small business, you can learn a lot to protect your company by paying attention to what happens to the bigger companies. At one time Sears was the largest retailer in the world with a well-known, reliable brand that seemed almost indestructible. But will the company that started out as a mail order business 125 years ago – and grew into a global giant – be the latest company to go bankrupt and close its doors because it did not recognize change?
What is Bitcoin? Is it like a stock? Where does it come from? Why has it gone up in value? How and where can you buy them? How and where can you sell them? Is it really legal? Is there a difference between Bitcoin and Bitcoin Cash?
What's in a name? For Walmart, it will soon be a little less. Earlier this month the world's largest retailer announced it was changing its legal name from "Wal-Mart Stores" to "Walmart" to reflect its increasing emphasis on e-commerce.
If you haven’t seen them, you’ve probably heard about them – homes and businesses being built from cargo or shipping containers.
The holiday season is upon us, but as a business owner, you already know that. For many businesses, this is the most profitable time of the year. For some it's exciting and for others, well, it's a little nerve-wracking. So, here are nine (9) ideas for you to prepare and grow your small business during the holiday season by reviewing and delegating with your team.
In mid-November members of Louis Mamo and Company attended MJBizCon, the 2017 Marijuana Business Convention presented by Marijuana Business Daily magazine, representing one of our clients that are licensed marijuana growers.
It’s a simple question that requires a simple answer. If the answer is “No,” then you really should be tracking your dollars and the results they produce. But if the answer is “Yes,” do you know if your advertising is being effective? Is your return on investment getting you positive results?
Did you know that Americans are almost four times more worried about getting their computers and smart phones hacked than being murdered? There’s a good reason for that. There are nearly 2 billion stolen passwords and usernames available on the black market, and up to 25% of them will still work on a Google account according to a new study from Google, the University of California, Berkeley and the International Computer Science Institute.
Most business owners today know their companies should be aligned. They know their strategies, organizational capabilities, resources and management systems should all be arranged to support the company’s purpose. The challenge is that business owners tend to focus on one of these areas to the exclusion of the others, but what really matters for performance is how they all fit together.
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they'll turn on their computers or open their doors and start making money, only to find that making money in a business is much more difficult than they thought. You can avoid this in your business ventures by taking your time and planning out all the necessary steps you need to achieve success.
If you're considering doing business in Cuba, there are many key differences in the regulations governing business there than anywhere else. In the hopes of saving new, as well as experienced entrepreneurs from some of the unexpected pitfalls that can arise from doing business there, here is a list of five of the most important rules that you must know before doing business in the Republic of Cuba.
Do you suffer from triskaidekaphobia? That is, do you fear the number 13? If you do, you might not be conducting business today and so you may not read this article until the weekend or Monday morning.
When Louis Mamo & Company decided to open an office in Las Vegas, some of our South Florida clients asked "Why?" In addition to better servicing our West Coast clients, Las Vegas offers us a unique opportunity that no other city could provide. It enables us to stay on top of various industry trends that can help our client base in a number of areas.
When hurricanes hit an area, depending on the path they take, damage and impact can range from minor to catastrophic. As we all witness the recovery efforts being done in the Florida Keys, Houston and Puerto Rico, for most of our Florida clients, they were very lucky Hurricane Irma did not directly hit Fort Lauderdale.
On the surface, nearly every tax specialist will tell you the same three basic benefits of electronic filing: One, you’ll get a faster refund; two, you’ll get a proof of receipt by the tax agency; and three, it’s less cumbersome and more convenient than paper filing.
The challenges associated with building relationships and trust with local business partners, clients and customers, and with government officials can be a challenging aspect of doing business in China. While establishing a business presence in China has become more straightforward in recent years the problems associated with identifying key contacts in partner, client and government organizations, establishing mutually beneficial and trustful working relationships with them, and developing meaningful channels of communication have now become more pronounced.
“If you want something done right, do it yourself.” – Charles-Guillaume Étienne (1778-1845), French playwright.
I can see you there, your eyes piercing the headline and the quote and shaking your head in disagreement. But bear with me for a moment. In an entrepreneurial world where inclusion, delegation, communication and trust are the cornerstones of having a successful business thanks to those who work for you, it’s important to know not only when to let your company run on cruise control, but when to step on the brakes and take control of the wheel. Case in point . . .
“In this world, you get what you pay for.” – Kurt Vonnegut (1922-2007), writer, “Cat’s Cradle”
March 2017 – Have you ever gone to a Facebook page of a small business and noticed that they have tens of thousands or hundreds of thousands of likes or fans and you ask yourself, “How do they do it?” So, you do a little research and the next thing you know is you find out that all this small business did was pay a company to increase the number of likes on their page by using a network of people they have. You then say to yourself, “What a great idea” and you begin to look for a company that can do that for you.
"My Zombie apocalypse plan is simple but effective; I fully intend to die in the very first wave. Seems more logical than undergoing all kinds of hardships only to die eventually anyway (through bites / malnutrition / or terminally chapped lips)." – Graham Parke, writer and humorist.
“I like thinking BIG. If you're going to be thinking anything, you might as well think BIG.” – Donald J. Trump, American businessman and President of the United States.
Eighteen months ago we asked the question: Would President Trump be good for my business? Whether the answer was a resounding YES or reverberating NO, there was another, more important question at the root of the subject that perhaps should be asked: “What have I learned from Donald Trump that will help my business?”
"Our employees are our most valuable resource." – Author Unknown
We’ve heard this before; a hundred fold. Businessmen have said it so many times over the years that most people who work for these entrepreneurs are sick of hearing it, because too many times the actions of the companies do not match the words of the leaders who are quoted.
