Comments on: Back to Basics: Keep on top of your income streams

By: BEST CSS GALLERY

BEST CSS GALLERY — Mon, 12 Oct 2009 20:43:36 +0000

Some nice suggestions here and interesting articles. Now if only the government would do something to help the small businessman.

By: Monevator

Monevator — Wed, 03 Dec 2008 22:06:27 +0000

At work, the best thing you can do is find a way to make your job into a job that makes money. I know this is easier for some roles than others, but it makes all the difference when deciding who can be let go.

In a software company, a sales guy who is still covering his/her costs and more simply will not be cut, ever. A programmer (say) who is producing bullet point improvements for new code will not be cut unless times are really tough. An office manager or the guy who does the documentation can go. Try and find ways to reinvent your role (or at least add to it) so there’s a more direct impact on the bottom line, and you’ll at least buy second thoughts from a boss or line manager.

Of course the downside with this is that you do have to make a positive impact…

By: Armen Shirvanian

Armen Shirvanian — Tue, 25 Nov 2008 07:32:39 +0000

The point about putting time into a new side business, as opposed to a putting a large sum of money into it, is important to keep in mind, in order to avoid being absorbed into appealing business traps. The troubles and anguish caused by business start-up are capitalized upon by various “entrepreneurs” that present material that are said to ease the procedure. The money given to them would probably be better used to provide time for oneself to build up a concept.

By: investment profressional

investment profressional — Wed, 12 Nov 2008 18:26:29 +0000

Your point about investing time rather than money is an excellent point. Especially online businesses, even a simple blog or website, takes a large time investment, but minimal monetary investment.

By: Forex

Forex — Tue, 11 Nov 2008 03:40:40 +0000

We should make a saving plan or invest some of our money in the long term.

By: Time Tracker

Time Tracker — Mon, 10 Nov 2008 08:19:21 +0000

Recession time or not, these tips above are a list of ’should dos’ at work anytime. You have a job for one reason only: you’re providing a valid service and contributing to the overall output of said company. If you’re not pulling your weight, or carving out your own value of worth, you’re a front runner on the shortlist.

Great post, and great reminder of what is and what is NOT essential/appropriate in the workplace.

By: Annie

Annie — Mon, 10 Nov 2008 02:03:34 +0000

Excellent points about keeping yourself off the shortlist at work. I’m in a supervisory position and I can say that a positive attitude will keep you employed. If management needs to make some cuts and a few people are relatively equal, the one who is the larger administrative problem (whines, complains, talks behind other coworkers backs) is going to be the one who is let go first. Managers mostly want to get things done with as little hassle as possible.

If you think your position is in jeopardy, and you haven’t been a stellar employee, go to your supervisor and say that you realize that things are tough and you want to know what you can do to help the business continue to succeed in difficult times. That attitude will put you on the short list of people to keep.

By: stocks

stocks — Sun, 09 Nov 2008 22:47:06 +0000

Great list to think about, but from a website point of view, I would recommend against using godaddy, as there are nightmare stories out there relating to their hosting. I only mention this because I’d rather have people spending time on their site making money, then dealing with customer service or uptime issues or who owns the domain and such…

By: Green Panda

Green Panda — Sun, 09 Nov 2008 14:09:46 +0000

Great points. WE can only cut our expenses so much. Building another income stream is a way to build some security.

By: Andy @ Retire at 40

Andy @ Retire at 40 — Sun, 09 Nov 2008 08:48:21 +0000

I thing the thing that stands out most for me is that of developing more sources of income. I mean, I know my job is important so I think that is pretty obvious but generating that little (or lot) extra makes all the difference.