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Interview Patty

What do Women Business Owners Need to Know About Saving for Retirement?

How Can They Balance That With Other Needs?

Women business owners have many options to save for retirement. The best option often depends on whether the business owner has employees, and if so, how many. Some retirement options include SEP IRAs, self-employed 401(k), self-employed Roth 401(k), SIMPLE IRAs and Keogh plans. Each type of plan has different contribution limits, may allow for tax-deductible contributions and withdrawal provisions, and may require taxation of monies at distribution.

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Recruiting and Selecting Quality Employees

Resist the Temptation to Omit Steps

1. Develop accurate job descriptions. - Your first step is to make sure you have an effective job description for each position in your company.
2. Compile a "success profile." - In addition to creating job descriptions, it's important to develop a "success profile" of the ideal employee for key positions in your company that are critical to the execution of your business plan. These might include such positions as team leaders, district managers and salespeople.

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Transform a One-Shot Sale Into a Lifelong Customer

7 Tips on Keeping Customers for Life

1. Deliver what you're say you're going to do. - If the business can't deliver on basics, then any other steps will be wasted effort.
2. Expect the best. - Another stumbling block to establishing customers for life is turning the tables. Many businesses wait for customers to "prove" their worth before they start to take steps to cement the relationship. Instead, approach everyone as a potential lifer.

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3 Smart Negotiating Tips For Women

Negotiation Doesn’t Have to Be Uncomfortable or Hard

Tip 1 - Do your homework. - In order to be in a position of power, you must research data that directly relates to the issue being negotiated. Know the market trends and your competitors’ practices. Be prepared to differentiate yourself from your competitors and show why your service or product better serves your customers’ needs.

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Essential Habits of Successful Women

Become The Woman You’ve Always Wanted to Be

1. - Make Checklists. - In the rush and speed of today’s world, being a great multitasker is a must in order to stay afloat and above the competition. The huge amount of information that we get every day is mostly a good thing, but it is extremely important for use to have some sort of order in our lives.

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How to Break Through Your Bad Habits

Breaking Habits is Hard to Do

1. - List out every habit that’s hampering your success. - I mean it every single one. I know uncovering habits can be uncomfortable, but this is about progress. You’re trading a little discomfort now to save you the frustration of being stuck later. If you’re struggling to put your finger on exactly what your bad habits are, make a note of all of the things that you do regularly that have started to leave you feeling stressed or uncomfortable or totally out of alignment with the person you feel you want to be now, or the way you want to behave.

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