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Handling Difficult Discussions

Posted by Reba; Categories file under: Accounting, Articles Home, Facing Your Fears
Sunday July 6, 2008 at about 8:55 pm

Whether it’s talking to your teen about sex or drugs, your spouse about finances, your employee about attendance, or your customer about late payment, the prospect of undertaking a difficult discussion is horrifying to many, if not most, people.

Since many of us dislike tackling unpleasant tasks anyway, we tend to procrastinate and then feel guilty about putting off something so important. It’s quite probable we will wind up feeling even more miserable and anxious about the upcoming conversation and might even lose sleep or make ourselves sick over it.

Initiating such a discussion doesn’t have to be nearly as painful as imagined. With the right mindset and a little preparation, you can learn to handle even the most difficult topic with ease and confidence. The following tips will enable you to do just that.

1. Realize that your goal is to benefit the recipient and others as well as yourself. Even though the recipient may not agree with you, especially at the time, usually they will come to understand the necessity for the conversation.

2. Focus on the possible positive outcomes of having the discussion sooner rather than later. The discussion wouldn’t be necessary if the situation wasn’t causing a problem for someone. Focusing on how things will be different when the problem is gone will make it easier for you to approach the discussion.

3. Prepare for any possible reaction to the discussion. Have a back-up plan for handling any response to what you say. You may be presented with anger, denial, silence or even disbelief. Knowing in advance exactly how you will deal with any of these circumstances will give you the confidence you need to proceed. You cannot control a person’s reaction, nor can you predict it, but you can always prepare for it.

4. Have a reward planned for yourself upon completion, especially if the topic was an especially difficult one for you.

Following these tips will help make you a more competent communicator, and who wouldn’t benefit from that?

Double Your Income Now

Posted by Reba; Categories file under: Accounting, Articles Home
Friday June 17, 2005 at about 5:01 pm

by Drew Miles

Adding Your First Additional Stream of Income

Most new wealth builders currently have a full-time job. After realizing that means “Just —-Over Broke” they commit to quitting their job and starting their own business. The concept is good, but let’s turn it around some.

One of the philosophies of the wealthy is to reduce risk. In this scenario, that means keeping your job until your business has been firmly established. That’s because the biggest stress point for new businesses is cash flow. Even if the owner has a viable business strategy, it takes time to get the machine operating smoothly. In the meantime, income can be sporatic. Cash flow shortages, even temporary, can create havoc for the small business owner. (more…)

Why Petty Cash

Posted by Reba; Categories file under: Accounting, Articles Home
Friday June 17, 2005 at about 2:49 pm

by John Day

Why Petty Cash? It is the difference between sloppy bookkeeping and managing your money properly. You have your own small business, so why not grab a twenty out of the till when you need some pocket money? It may not be the end of the world if you do, but it presupposes a certain attitude toward your business. (more…)

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