In this video I discuss how to survive and thrive during the recession that the Corona-virus is causing. There is no doubt that we will be in a recession during and after this emergency. How, and how fast, the country comes out of this recession will greatly depend on...
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Business Survival During the Corona Virus
Now is the time to take action if you have been forced to close your business due to Corona Virus. In this video I discuss what you must do now in order for your business to survive.
Qualifying for a Business Loan
1. Seriously consider using a small local bank for your borrowing needs. a. There is more stability in their loan officers, which allows you to build a long- term relationship with...
Managing Product Returns
Product returns and refunds are a huge drain on profits. First, you have to return the money to the customer. Then you have to repackage, restock, and resell the item. But making it hard for the customer to return products is a huge...
25 Tips to Turn Time Into Profits
Other CPAs often ask me, “How do you find time to run a CPA firm, publish a magazine, writebooks, keep a blog, and create consulting products?” The truth is that I learned like everyoneelse—the hard way. One day I woke up and realized that I didn’t control my...
How Every Business Can Increase Sales Guaranteed!
When I start sales consulting with small business owners, the very first thing I get them to focus on is increasing sales from their current customers and prospects. Without a doubt, the fastest way to grow a business is to increase what your current customers and...
Prepare Your Annual Profit Plan
I recently met with a business owner who was complaining that he was tired of just barely surviving for the last 15 years. I asked him, “Why do you expect a different result when you keep doing the same things?” Too many business owners don’t have a plan to succeed—so...
Sales Tax Audits Are a Serious Threat
Most business owners never worry about sales tax after they first open their business. At that time, they set up their procedures and then believed that as long as they paid their sales taxes monthly, there was nothing left to worry about. In this video I discuss why...
Home office Deduction Questions
Last week one of my new clients said that their prior tax-preparer had told them that they shouldn't take a tax deduction for their home office because it sent up red flags to the IRS. In this video I discuss why he could, and should, take the deduction. I also...
The Major Reason Businesses Fail
In this video I discuss why most businesses fail and what items you must concentrate on in order to increase your sales and profits. Every year thousands of businesses shut their doors, ending the dreams of so many hopeful entrepreneurs. One thing that is...