What’s the best type of business to own? One that makes money of course, but let’s dig a little deeper . . . Simple: The more complex a business is then the harder it is to operate. For example, if your business requires the talents of very technical people, then this complicates the delivery of […]
Healthcare
What if You Just Don’t Feel Like It?
Ever have one of those days? It’s a struggle to get out of bed, and once you do you feel like you are walking around with weighted boots on your feet? What’s the solution to this common problem aside from going back to bed? Because your energy levels and health have a significant impact on […]
Don’t Worry if the Timing is Not Right to Conquer the World
Ever feel frustrated that your business or your career isn’t going as well as it should? I’m sure that most people feel like this from time to time, but sometimes there are valid reasons for this. Not excuses, as the “success” coaches may call them, but as human beings we have many moving parts to […]
If You Want More Success Then Know the Difference Between Important vs Urgent
Important vs. urgent. Many people confuse the two, but if you want to be more successful, then you need to be able to discern between them. Important items have great significance or value while urgent items require our attention immediately. Here are some examples: Important: These are items that you need to do, but do […]
Do You Have Too Many Customers?
What do you think is better, 100 customers or 200 customers? It might actually be the lower number, and I’ll explain why. Let’s say that a small business provides landscaping and maintenance services for both businesses and for residential customers. Most of the customers are within a reasonable driving distance from the main office, and […]
Smart Ways to Cut Your Expenses
A previous article was titled, “Don’t Cut Your Expenses,” and this time I am going to give examples of cutting expenses in a smart way. Personal Expenses: With mortgage rates at record lows, now may be a good time to refinance your existing mortgage. You need to compare the savings with any upfront costs. If […]
Bad Tax Planning
Tax planning can prevent you from overpaying taxes, but it has to be done before the year is over. Good tax planning takes a proactive approach, and bad tax planning includes either not planning, breaking the law, or taking it upon yourself without using a competent tax professional. Without planning you may not be able […]
Taxable or Non-Taxable?
Which items do you think are taxable and which are not? The answers are below. Workers compensation Educational assistance Cancelled debt Expense reimbursements Fringe benefits Bartering Hosting a party and receiving payment (such as a candle party) Life insurance proceeds Unemployment benefits Federal income tax refund Taxable: cancelled debt (there are exceptions), fringe benefits, bartering, […]
FSA Plan = Money Saved
What exactly is an FSA plan and how can it save you money? FSA stands for flexible spending account, which is a special account that is used to pay for medical expenses on a pretax basis. In other words, the money put towards the plan is not subject to income taxes and social security/medicare taxes. […]