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DEBT-TO-INCOME RATIO
A small business’s debt-to-income ratio (DIR) is most easily explained as the ratio of a borrower's total debt as a portion of their total gross income. This ratio, more commonly expressed as DIR or simply “debt ratio,” measures how much you can borrow based on your expenses in relation to your total monthly income. Lenders’ experience shows that you may borrow from 33% to 40% of your monthly income, on average.
The Power of a Blank Whiteboard
Unfortunately for many companies, people don't usually respond well to change. Anything but. I wish we could embrace the opportunity to evolve processes and thinking and behaviors - but often we don't. Especially in tough times - when the company environment is probably already tense and constricted. When things get tense, people tend to hang on to what they know, as a touchstone for the status quo - which is known and safe, even if it does mean a downhill slide. Hanging onto 'the way we've always done it' is one of the most common challenges I encounter in my clients.

Building a Leadership Team - Part 1
Talent is necessary for building a winning leadership team, but talent is not sufficient. You can recruit the very best in every functional area of responsibility in your organization, but unless they work well together, you will fail to create sustainable value. And in a competitive environment, you will lose to teams with far less talent if they work well together but you don’t. There is a tongue in cheek axiom that comes as a corollary to this – “I’d rather be lucky than good.” If you believe in blind luck, go with God and stop reading. If you believe we make our own luck, I’d like to share three principles for creating a great leadership team and some practical insights into each: agreement on the mission, clear communication, and balance. Pat1 = Agreement on the mission.

Other rough spot Related Articles

A Telemarketer Called Me Recently
I had a telemarketer call me recently. Here’s a rough transcript of the conversation.

Save Money Going Green
Now that the economy is in a rough spot, perhaps you're wondering if you can go green and save money at the same time. Yes, you can! Here is a list of ways in which going green can save you cold hard cash. We might as well save the planet while we scrimp, right?
The 5 Must-Have Items for a Successful Work-at-Home Business
You've picked the perfect spot in your home for your new Work-At-Home office. It's a quiet and cozy corner, with a desk and a cordless phone. You've just finished setting-up your new computer and you think you're ready to start looking for home-based work. In your haste to grab the spot between the picture window and the Monet, you didn't notice that you forgot a few home-office essentials. No home-based business should be without the following five items.
A crisis is a terrible thing to waste
So what if the economy is hitting a rough spot? Once you’ve invested more in your customers, cut off the dead limbs, watered the good ones, and given your employees a chance to really shine your company is going to be stronger. If you have cash, there are great deals to be had, if you have good credit, banks are still lending. Everybody is willing to negotiate. It is a buyer’s market. Warren Buffet said “be fearful when others are greedy and greedy when others are fearful.” Right now high quality talent is plentiful, there are many exceptional talents looking for work and many that will work at rates favorable to your clients’ new reality. Start the hunt, hire people you couldn’t afford 12 months ago, whether full time, part time or as a contractor.

Blind Spots
In my classes and consulting work on leadership, I often discuss the concept of a blind spot where the worst leaders are often blissfully unaware of their problems. My own observation in numerous organizations is that this is abundantly true. Hr Managers and subordinates are often frustrated at not being able to communicate how leaders undermine the very cause they wish to pursue due to this blindness. Daniel Goleman, who invented Emotional Intelligence, observed that leaders who are most deficient in EI are the ones who have the biggest blind spot. They simply cannot see themselves as others do, so they are deceived into thinking incorrect thoughts about how they are coming across. How can you remove the blind spot of a leader who has low Emotional Intelligence? My own ideas on this topic are contained in this article.

Five Smart Steps To Online Internet Business Investments
The economy is in rough shape, everybody knows that. Unfortunately, many people think that, because of the recession, that they should be satisfied to just make ends meet.
Is Outsourcing The Right Strategy For Small Businesses During Slow Economy?
“When things get tough the tough gets going.” Here the latter word “tough” implies people who equip themselves with the best practices and some added innovation to see through the rough, in this context, the slow economy. Let’s pick outsourcing, as a strategy to counter this rough time and understand whether it is a sensible move to make or not.
Acres of Diamonds
Your greatest opportunities lie under your own feet. They lie in your intellect, your talent and abilities, your education and experience, as well as with your family members, friends and business contacts. The challenge is that in the rough, a diamond does not look like a diamond that we are familiar with. It looks like a black, rough piece of rock and must be cut, shaped and polished repeatedly before it glistens like the valuable stone that it is.

Hitting the Sweet Spot
Anyone who’s ever played golf knows about the ‘sweet spot’. It’s that favoured spot on the clubface – hit the sweet spot and it feels good, you’re in control of the ball and that birdie is yours for the taking. If you don’t hit that spot, it doesn’t feel right, you spend your time hacking in the rough and before you know it you’re in a bad patch.
Are You A Winner?
Do you know exactly what a winner is? Do you take responsibility for your actions? When the going gets rough? Do you get going?

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