Monday, September 10, 2012

How to Hustle a Neighborhood Business for New Customers

There are lots of tips and tricks to make your small business grow and earn new customers. But what do you do if you're in a small town?
I was intrigued to view the following methods put in place by the small town where the company I work for recently moved to when they changed the location of our base of operations and set up shop in a new town, a small town.
I was surprised by the number of visitors we received in the following weeks after our open house. Lots of people came by dropping off resumes as expected, but what surprised us all was a load of gift baskets delivered. Each employee received a basket of goodies put together by the local businesses. The bank provided a branded mug. The local hardware store provided a blank key. A baby store provided a unique coupon. Etc.
We were new in town, and our neighboring businesses brought a warm welcome to us and intimately shared with us how they might share their services with us: future customers.
Perhaps it was the great work of a chamber of commerce. But several co-workers found some new places to conduct their business via a simple gift basket.
They hustled to get our business as we set up our new business. And new business is the life blood of any business.
The summary and bottom line is you need a great product or service and then you need a method for attracting new customers. There are endless ways to find new customers, however, not all methods are created equal. The most successful business that participated in the gift basket was a restaurant that served lunch nearby and provided a coupon for a free something. We were able to sample the quality, risk free, and ultimately returned many times more during the lunch hour. Some of us even returned in the evening with our families and friends to share the great food with them.
Once you find a proven strategy for finding customers, it's best to focus on that one method. However, it's important not to miss the one time unique events as well. In this case, I believe it was the power of the connections, the chamber of commerce, which could be a network of your own kind in other circles, that brought about the successful neighborhood welcome campaign.

Look around, how might you help a business, even one unrelated to yours, achieve success when you both work together? 

Friday, September 7, 2012

Zombie Apocalypse Disaster Kit with Links


There are many lists of useful items that would go well in your disaster kit. Things like, water, duct tape, and bandages, all belong in your (Hurricane, Flood, Earthquake, Tornado, or Zombie Apocalypse) Disaster kit. But what I really needed, was a complete list with links to the best products. This is my attempt at that list. (Disclaimer: Amazon links are affiliate links. Items are all in the top #100 of their category. Ideas for list items taken from the CDC and from FEMA.)

Consider the needs of all family members and add supplies to your kit. Suggested items to help meet additional needs are:
Additional supplies to keep at home or in your kit based on the types of disasters common to your area:

Where to put all your stuff? 


Other Useful Items


Pre-Packaged Disaster Kits

 Could you do better by just purchasing a pre-made bug-out bag? Maybe. At least you'll know what's inside if you build one yourself. However, it simplifies the buying process, here are two ready-made options.

Do you have a better product recommendation? Let us know in the comments. 

Thursday, September 6, 2012

Avoid the ID10T Error

You may have heard it, or you may have been told that you were experiencing an ID10T error. And now that you see it written out, you immediately know that you do not want to experience this kind of user error. So, how do you prevent yourself from becoming just another ID10T error, or even several other well known user errors?

Look Twice.

It's surprising how often some of the most frustrating problems are caused by NPI. Not Plugged In!

This is especially true if you've recently ripped open your computer and are frantically troubleshooting what could be wrong during finals week. You're desperately trying different ideas, and suddenly...nothing happens. Wait! It was working, sort of, just a minute ago. What just happened?

Oh, yeah, plug it back in.
    Free Kindle Book
  • the power cord
  • the memory card
  • the battery

Save yourself from receiving the ID10T label and check to see if your problem isn't just NPI.

(The Kindle version of the book is currently free on Amazon)

Wednesday, March 28, 2012

Deal: 8GB Class 10 Micro SDHC Memory Card with Adapter

I try not to spam you too often with deals that I think are mildly interesting or fairly good. :)

But, if you happened to be in the market for a new SD card for your camera - this one might fit the bill nicely.
I personally didn't jump on this deal because we just bought a new 32GB card for our new camera. Yeah, our old camera died. :(   So we had to upgrade. :)


Anyways, the Class rating on SD cards is important when you start saving video and taking lots of high res pictures. The higher the Class rating, the faster the read/write times to the card. New cameras suggest at least a Class 4 or 6. Obviously, the higher the Class rating, the more expensive the card.

Another caveat to this deal is that you'll want to check out your camera's maximum SD card size that it can handle. It won't do you any good to buy this 8GB card and find out that your camera only can handle a 4GB card. Essentially, you'll pop it in, and your camera will only see 4GB instead of the true 8GB. It can be a bit difficult to find the actual specs on max card size for your camera, so some searching may be involved.

The fact that the actual memory is just the microSD form factor size is not an issue. Even if your camera only accepts the standard SD form factor size, the adapter will not negatively affect performance because it is just a direct connection pass through adapter. I just smile at how a standard was adopted and technology zoomed on ahead.

This might be a good deal, if I needed more cards for my camera. I also thought it might work as an upgrade to my current jump drive, but then I'd need a USB adapter like this.
Suddenly, it's not such a great deal. Too bad it didn't come with that kind of adapter to begin with. Although, it's so tiny, it's hard to hold on to and not lose. A friend of mine already lost his.
And if I'm going to spend $12 on an adapter, I start to wonder why I didn't just go for a 17million and one card reader, but that wasn't the original intent, so yeah, back full circle. This might be a good deal if I wanted a smaller card...whatever.

Final thoughts: The deal isn't so hot for some because of the rebate. Additional research on Amazon and Newegg also shows only average reviews. But, regardless, I hope the above information will aid you in your quest the next time you upgrade.

Monday, October 24, 2011

Moonwalking With Einstein

Moonwalking with Einstein is a very thought provoking book. It's the story of the author Joshua Foer, a journalist, and his journey from reporting on the US National Championship to winning the event the following year. The book chronicles how he set out to find an answer to the question, "How can I improve my memory?"


Personally, I was intrigued by the book and found the style of writing much to my liking. There is a lot of research and information that is presented and explained via story. It reminds me a lot about how JD Roth from GetRichSlowly was able to successfully blog about potentially dry topics in personal finance: he tells a story.

This book is not a book on technique and specific practice regimens, but a treatise on how our memories work, how memory usage has changed throughout time, and the exploration of how practice can indeed improve memory skills. Some of the skills employed in memorizing decks of playing cards, scores of random numbers, or other random trivia, in less than a minute involve the image association and storing those images in a 'memory palace'. While impressive, I wondered whether practicing this skill was ultimately useful. Surprisingly, even the author, shortly after winning the US National Championship, placing 13th overall in the World Championships, Joshua Foer conceded that in today's world of externalized memory storage, it's just easier to store that phone number in your cell phone than your brain.

US Hardcover, pg75
What follows are just my notes that I took while reading that I wanted to save for myself.
Without time, there would be no need for a memory. But without a memory, would there be such a thing as time? The more we provide our lives with chronological landmarks, the longer our lives will seem. Our perception of time is subjective. Sometimes time flies, other times the opposite is true. "Our lives are structured by our memories of events. Event X happened just before the big Paris vacation. I was doing Y in the first summer after I learned to drive." The denser the web of accumulated life experiences, the denser the experience of time. "Monotony collapses time; novelty unfolds it." "Life seems to speed up as we get older because life gets less memorable as we get older. Youth have a continuous stream of new experiences, but each passing year converts some of this experience into automatic routine which we hardly note at all, the days and the weeks smooth themselves out...

US Hardcover, pg 138
Technological gadgets have made it unnecessary to remember phone numbers, friends birthdays, and even directions. They've changed the world, but they've also changed how we think and how we use our brains. Writing, for Socrates, was nothing more than a cue for memory.

And yet, for me, I've always held to the idea that I read in one of Tom Clancy's novels - if you didn't write it down, it never happened. For me, writing is the only reliable anchor that I can attach to my memories so they don't get lost in all that grey matter.

US Hardcover, pg 145
The history of books and the invention of alphabetical indexes, page numbers, and table of contents as a means to navigating the immense information stored therein. "As books became easier and easier to consult, the imperative to hold their contents in memory became less and less relevant, and the very notion of what it meant to be erudite began to evolve from possessing information internally to knowing where to find information in the labyrinthine world of external memory."

US Hardcover, pg169
Joshua Foer also became a subject of research to a Florida professor, Anders Ericsson. When Joshua hit a plateau on his speed times for memorizing a deck of cards, Ericsson helped him learn about skill acquisition. Phase one is the "cognitive stage", you're intellectualizing the task and discovering new strategies to accomplish it more proficiently. During the second "associative stage," you're concentrating less, making fewer major errors, and generally becoming more efficient. Finally you reach what Fitts called the "autonomous stage," when you figure that you've gotten as good as you need.." You're OK with your current skill and stop improving and were once thought the upper bounds of ability. The only way to break free is to engage in a very directed, highly focused routine, which Ericsson, who has studied the best in several fields, has labeled "deliberate practice." "They develop strategies for consciously keeping out of the autonomous stage while they practice by doing three things: focusing on their technique, staying goal-oriented, and getting constant and immediate feedback on their performance. In other words, they force themselves to stay in the "cognitive phase." "When you want to get good at something, how you spend your time practicing is far more important that the amount of time you spend." "Indeed, the single best predictor of an individual's chess skill is not the amount of chess he's played against opponents, but rather the amount of time he's spent sitting alone working through old games." "You have to analyze what you're doing."

US Hardcover, pg 202
In these pages, Tony Buzan's Mind Map was explained, and it reminded me of when I was writing my research paper in my college English class. My professor explained to me that after reading my paper she felt like the opening scene in the Simpson's show when the cash register trys to scan Maggie at the checkout with the groceries, but the computer is confused and doesn't know what to do. Her advice to me was that I needed to go home and read each paragraph and color code it to it's theme and then cut up my paper and rearrange it so that it flowed better and made better sense. I took her advice - and it worked! This was essentially the groundwork of a mind map. "It's kind of an outline exploded radially across the page in a rainbow of colors, a web of associations..." Tony Buzan also said, "The art and science of memory is about developing the capacity to quickly create images that link disparate ideas. Creativity is the ability to form similar connections between disparate images and to create something new and hurl it into the future so it becomes a poem, or a building, or a dance, or a novel. Creativity
is, in a sense, future memory."

US Hardcover, pg 266
He had improved his ability to remember digits, playing cards, and yet could still forget where he parked his car. His memory was the same. He had new skills, but ultimately he "validated the old saw that practice makes perfect. But only if it's the right kind of concentrated, self-conscious, deliberate practice." "Remembering can only happen if you decide to take notice." "Our memories make us who we are. They are the seat of our values and source of our character... That's what Ed had been trying to impart to me from the beginning: that memory training is not just for the sake of performing party tricks; it's about nurturing something profoundly and essentially human."

Monday, March 28, 2011

Bankruptcy on the Rise

The Great Recession’s Impact on Bankruptcy Filings was originally written by Marilyn Bischoff and published in Idaho's Two Cents Newsletter.

The National Bureau of Economic Research reports that the US officially entered into the recession in December 2007, with the recession ending in June 2009. However, those in the insolvency professions would argue that we are still in a recession. How has the recession affected bankruptcy filings for various demographic groups?

The Complete Idiot's Guide to Personal BankruptcyBankruptcy petitioners are not required to disclose age, ethnicity, educational attainment, marital status, or current employment status. The Institute for Financial literacy, which provides bankruptcy prefiling counseling and post-filing debtor education, does collect demographic information from individuals participating in their program. The Institute provides services in-person, by telephone, and online. At the beginning of either service, participants are asked to voluntarily complete a demographic survey. In 2009 more than 52,000 clients volunteered to answer survey questions. The findings challenge some common assumptions about bankruptcy filers. 

Age
Almost 56 percent of bankruptcy debtors are between he ages of 35-54. An emerging tend is that the 55-64 and 65+ age cohorts appear to be experiencing an increased deterioration in the financial conditions and are filing bankruptcy at greater rates than in 2008. Ages 18-24, 2% filing bankruptcy; 25-34, 17%; 35-44, 29%; 45-54, 27%; 55-64, 17%; 65+ 8%.



Educational Background
Bankruptcy rates of individuals with higher education continue to experience lower levels of bankruptcy, but during this recession their rates have increased. This change may suggest that this is a “white collar” recession, perhaps reflecting our economy changing from a manufacturing to a service/ technology base. Educational level: High school/GED degree or less, 42%; Some college or Associate degree, 38%; Bachelor’s degree, 14%; Graduate degree, 6%.


Personal Income
As expected, lower income household are more likely to file for bankruptcy. Those earnings $30,000 or less made up 59% of filers; $30,000- 40,000, 15%; $40,000-$50,000, 10%; $50,000-$60,000, 7%; $60,000+, 9%.






Causes of Financial Distress
The Institute asked clients to pick from a list of common causes of financial distress to self-describe reasons for their current situation. Clients were encouraged to choose more than one cause; therefore, the percentages equal more than 100%. Reduction of income was cited by almost 2/3 of respondents (65%). That, combined with overextended credit (74%), and unexpected expenses (55%), drove most filers over the bankruptcy precipice. Other responses reflect causes commonly cited in other studies: job loss (42%); illness/injury (31%); and changes in household composition: divorce (15%), birth/adoption (10%), death of family member (8%). Interestingly, retirement was cited by 8% of responders.



Source: Linfield, L., December/January 2011. Class of 2009: The Great Recession’s Impact on the American Debtor. American Bankruptcy Institute Journal. Retrieved 12/14/10 http://www.abiworld.org/AM/ Template.cfm?Section=Home&CONTENTID= 62554&TEMPLATE=/CM/ContentDisplay.cfm.

Russ Berrie Ceramic Piggy Bank, BluePatrick's note: I think the biggest thing to learn from this article is not who is going bankrupt, but possibly a key to preventing yourself from going bankrupt. Identify the most danger prone areas and then work to keep yourself out of those areas. Higher education and its corollary, personal income, is a major factor in preventing bankruptcy. However, the causes of bankruptcy demonstrate the wisdom in having a fully funded emergency fund to tide things over when life happens.

Monday, March 21, 2011

Free Credit Score - How to Get One

How to Check your Credit Score, a guest post by Luke Erickson editor of Idaho's Two Cent Tips.

Like a mighty king,this three digit number can seemingly grant our ultimate desires or dash them to tiny bits on little more than a whim or a missed payment. This number determines whether or not you can get a loan, including a credit card, a car loan, or a mortgage, and will also determine the rates that you will pay on these loans. Itis also reclusive and mysterious, rarely being seen by the common consumer. Instead it prefers to meet privately with lenders in back offices where your fate is unemotionally determined. Some zealous subjects have been known to pay tribute, by borrowing unnecessarily with the sole purpose of pleasing this number. In fact, this notorious number is not content to simply rule over its own kingdom, but also tries to extend its influence into other areas, such as insurance, rent, and even employment.

Your Credit Score, Your Money & What's at Stake (Updated Edition): How to Improve the 3-Digit Number that Shapes Your Financial FutureBefore I attempt to demystify this number, let’s make sure we’re all on the same page. A credit score and a credit report are entirely different creatures. A credit report lists a detailed  financial history of every single credit account that you’ve established or messed up in the last 10 years or so. Most people have 3 similar but different reports, all of which can be viewed FOR FREE by visiting annualcreditreport. com. A credit score, on the other hand, is a proprietary number that can usually only be accessed by paying a fee. 

Now here is where it gets confusing. You actually have more than one credit score. The main score that lenders, insurers and employers will consider is the Fair Isaac Corporation (FICO) score. But there are some alternatives to FICO scores, including Vantage scores which are done by each of the three major credit bureaus, and some financial institutions may even give you a credit score along with your monthly bank statements. Keep in mind that all of these scores are calculated differently, often times on different scales, and may or may not be an indicator of what a potential lender might see. I have seen cases where a credit score can vary by over 100 points for the same person.

Where can I get my score? 
As described previously, you can get your credit score from about a billion different websites, most offering it for free if you but merely sign up for a free trial of some unnecessary monthly service. As you can imagine it is all but impossible to break free from such an agreement. If you want just any old score, with any old agreement, then any old website will do. But if you want your FICO score, without strings attached, there is only one place I would recommend:

MyFICO.com, but, surprise (to be read with sarcasm) it’s not quite that simple! Do not click the massive red button that says FREE FICO SCORE. As I will describe below, it’s not really free, again another solicitation for some unnecessary service. Find and select the “FICO Standard,” button for a one-time credit check for $19.95. Not cheap, but completely accurate. In addition to your score, FICO standard will give you a FICO score simulation tool which can tell you how your personal score might change given future changes to your accounts. At http://www.myfico.com/ FICOCreditScoreEstimator/ there is also a free FICO score estimation tool which gives you an estimated score that I found it to be fairly accurate.

Credit Repair Kit For DummiesAside from your FICO score, I would also recommend the “get credit score” button at the top right of your free credit report from annualcreditreport.com. This gives you a Vantage score for $7.95, which is becoming more accepted by lenders, and can be an indication of your true FICO score. 

Will checking my score affect my credit? 
According to the folks at MyFICO.com, “Statistically, people with six inquiries or more on their credit reports can be up to eight times more likely to declare bankruptcy than people with no inquiries on their reports.” Therefore, the answer is yes, checking your score will reduce your score by about 5 points, each time. Not a big deal if checking only once or twice a year. Also, don’t forget that many lenders will actually show you your score when applying for a loan.

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