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Chris Haug

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Founder, Managing Director, L.C. Haug & Associates

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We are now on Twitter: We invite you to follow us: @Chris_Haug. Our goal on Twitter is to provide information, tips and tricks that you can immediately apply in your business to move you toward phenomenal profitability.

We are pleased ...

We are now on Twitter: We invite you to follow us: @Chris_Haug. Our goal on Twitter is to provide information, tips and tricks that you can immediately apply in your business to move you toward phenomenal profitability.

We are pleased to announce the launch of our new website and Blog. The site provides you with a snapshot of who we are and how we can help you building a truly thriving and highly profitable business.

Our Blog is a free portal for business information from us and others that you can immediately apply to help grow your business.

We also offer a free monthly e-newsletter that is designed to provide you with the latest in business thinking as well as tips and tricks that can be applied to your operations on a daily basis.

Please visit us, sign up for our blog and e-newsletter, you will be glad you did. We guarantee it.

You can also follow us on Twitter: @Chris_Haug

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WEB: Our Website

Chris Haug and 3 other people answered this question

Nov. 19, 2010

Where can I learn about the upcoming rule changes for accounting?

1. Talk with your external accounting/audit firm.
2. Talk with FASB (Financial Accounting Standards Board and subscribe to their
newsletters.
3. Follow industry groups and associations, every one is generally on top of how the changes with impact members and the industry.
4. Attend seminars and webinars on ... more

Accounting & Audit Services

Accounting Help

Accounting Practices

Chris Haug answered this question

Nov. 19, 2010

Is the American workforce equipped to compete on a global basis?

Yes, with a big however.
We generally are equipped to compete and have been doing so for the last decade.
However, we face several major roadblocks.
First, our cost base is a big impediment. Based on the law of comparative economic advantage, it is next to impossible ... more

Government Regulations

Chris Haug and 7 other people answered this question

Nov. 17, 2010

What are the top 7 deadly sins of job interviews?

I agree with William, and add the following.
Inappropriate dress.
Poor personal hygiene.
Lack of eye contact.
Not being able to communicate or demonstrate why you are the right or best person for the position. more

Human Resources

Hiring Practices

Human Resource Management

Chris Haug and 1 other person answered this question

Nov. 17, 2010

When will unemployment rates drop?

Gail,
The "official" unemployment rate stands around 9.6%. The real ''untold" story is that unemployment is around 14%.
We as a nation, have some huge obstacles to overcome before we see employment improve. We need to create or rehire approximately 200,000 jobs a month to make ... more

Human Resources

Career Development

Economic Environment

Chris Haug and 3 other people answered this question

Nov. 13, 2010

How much money should I put aside to fund my franchise's early growth?

Chris, I concur with much that is being said here.
The amount of money will be directly dependent on your specifics. I suggest you start with building a "bottoms up" budget. Identify all possible costs that you think or plan on incurring. Since you are, ... more

Financial Planning

Chris Haug and 4 other people answered this question

Nov. 13, 2010

How do I grow and make money off of my website?

Making money from your site starts, as does everything with your goals. As Lindsay states, you must first define what "making money" means. A few dollars, a few hundred, thousands?
Once you set your goals, determine what you might be able to offer that is not ... more

Chris Haug and 11 other people answered this question

Nov. 13, 2010

How should SMBs with small geographic markets use social media?

Use of social media, regardless of geographical or industry/product/services considerations, should be guided solely and exclusively by the goals and objectives the organization wishes to achieve.
One primary objective is to use the platform as a means of creating a truly meaningful customer experience. There are ... more

Social Media Marketing

Social Media Marketing Strategies

Chris Haug and 21 other people answered this question

Nov. 13, 2010

How do you motivate your employees when times are tough?

While it is admirable to communicate the organizations goals, mission, vision, etc., and attempt to keep employees focused on the objectives. We as managers have to realize that these may be, or are, meaningless to individual employees because each has their own fears, frustrations, problems ... more

General Management

Economic Downturn

Chris Haug and 8 other people answered this question

Nov. 13, 2010

What advice do you have for those looking to be proactive towards managing their own career today?

Managing your career is the same as managing any other aspect of your life/business.
Seriously explore what in your career past has given you the greatest joy and fun.
Seriously explore what your true dreams and goals, not just something you do to generate an income.
Develop a ... more

Human Resources

Career Development

Chris Haug answered this question

Sept. 19, 2010

Can anyone lend some guidance on SBA loan requirements?

Max, developing a clear, concise, and compelling business plan is the most critical first step you can take. Everything else will flow from that. Any funding source, whether it's the SBA, a local SBDC, a bank, etc. is going to take a serious look at ... more

Financial Services

SBA Loan Requirements

Chris Haug and 13 other people answered this question

Aug. 29, 2010

What are your entrepreneurship tips?

Dan, I commend you for your desire to take control of your future and destiny. I think you will find it highly rewarding and it is good that you are seeking advice and counsel on forums such as this. However, starting a business is like ... more

General Management

Entrepreneurship

Chris Haug and 2 other people answered this question

July 25, 2010

Has anyone used a Score business mentor?

Howard, great testimonial for the power and benefits of SCORE. Congratulations on your success. They can provide resources not generally available outside of their organization. more

Chris Haug and 2 other people answered this question

July 25, 2010

increase sales in a bad economy period

Without knowing any more of the markets or your potential clients, it sounds that your home area is not a viable market for sales to consumers. I offer the following thoughts:
1. Are your competitors selling the product successfully? If they are, then they are selling ... more

Chris Haug and 1 other person answered this question

July 25, 2010

How to improve my company to qualify and become Big Chain Stores's supplier?

I agree with Rick, right now you have nothing to offer a big retailer.It sounds like you haven't started production yet.
You will not be able to gain the attention of buyers on your own. Rick is right that you need to find someone that already ... more

Chris Haug and 1 other person answered this question

July 22, 2010

Where can I go to get financing for my company?

Amanda, I concur with Gerard, we would need more information before we can provide you with truly meaningful guidance. more

Chris Haug and 2 other people commented on a brief

June 5, 2010

10 Ways to Manage Business Debt

Rick, I concur with Jeff. Great article and I'm not related to you. Excellent and concise. Your points regarding building relationships is extremely critical. A successful relationship isn't built on numbers alone but on the inherent trust built into a professional relationship.
Thanks for sharing. more

General Management

Chris Haug and 1 other person answered this question

May 21, 2010

Archive and destroy old data disks?

Less, there are a couple of companies of which I am aware. One is Iron Mountain. We used them for a similar service and had satisfactory results. There are probably several in your local area that you could contact.
I agree with Joey's suggestions, one ... more

Information Technology

Servers and Storage

Chris Haug and 1 other person answered this question

May 13, 2010

Where can I learn about the SBA loan requirements?

David, your first and best source is the SBA website, www.sba.org. The site is loaded with information about their various programs, however it can be confusing and time consuming to navigate. Another suggestion is to locate an SBA branch office near you, call and ask ... more

SBA Loan Requirements

Chris Haug and 2 other people answered this question

April 11, 2010

What brand do you trust for business computers?

My personal preference is HP. I would recommend Dell as a distant second. I have had great experience with HP all around, including great customer service. Dell, on the other hand fails miseably in the customer service area. more

Information Technology

Business Computers

Office Supplies and Equipment

Chris Haug and 4 other people answered this question

April 11, 2010

What should I consider when purchasing the best paper shredder possible?

You might want to consider a commercial shredding service. They come to your location on a set schedule, use large commercial shredding machines that have been certified for use by the government. These organizations will deisng a schedule to meet your budget.
It eliminates the ... more

Human Resources

Office Supplies and Equipment

Chris Haug and 8 other people answered this question

March 20, 2010

What can I do to make my business attractive to venture capital?

John, I generally agree with the other answers here. However I would like to add what I consider to be a crucial point.
Take the time to create a truly compelling and actionable case for your business before starting the process of locating a funding ... more

Information Technology

Financial Services

Chris Haug and 3 other people answered this question

March 16, 2010

What kind of financial system do i need for fundraising?

Trevor, thanks for the additional information. If I understand you correctly, you are just starting this non-profit or it was recently formed. If I'm accurate then all you need is a simple way of tracking the donations that come in and expenses that go out. ... more

Financial Services

Chris Haug and 1 other person answered this question

Feb. 10, 2010

Should I consider Executive Office Suites?

Doug, is your only requirement to provide a space for your employee or do you have other needs that may be met by an executive office? Do you also want to project a "professional image" to clients/meet with clients? Do you want to "get out ... more

Chris Haug and 2 other people commented on a brief

Feb. 8, 2010

Inside the Entrepreneur Mind: Could Your MBA Be Holding You Back?

Catherine, thanks for the insightful article. Tom, spot on. I too possess the letters MBA and have a similar feeling albeit they concern a getting passage for a cold seat on a pay commode.
For me, an MBA proves just one thing. I was successful ... more

Information Technology

Unified Communications

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