Today, I want to challenge you with the following thought: Are you working on your business, or are you only working in it? Of course, working in your business is vital. It allows you to keep your doors open, get your employees paid, and fulfils your responsibilities...
During tough economic times, I notice a clear pattern among most business owners. As there are increases in federal and state taxes, tougher bank credit rules, new healthcare laws, and less consumer spending, these business owners start to panic. As a result, they...
B Each year during tax season, the casual business owner hires a top-notch tax preparer, shows up at their office with a stack of records, and then expects a nice surprise when they receive their tax return. When they quickly realize that their tax liability is much...
There are all sorts of benefits that come with owning a business—the ability to pursue your passion, the freedom to build the company you want, and the potential for enormous personal and corporate success. But that’s not to say that there aren’t a few notable...
When businesses need to increase profits, where do they usually turn? Typically, they will ramp up their marketing efforts in order to grow their customer base, or they will employ various strategies to help them convert a higher percentage of their leads into paying...
There’s a trend that’s gathering steam—a trend that I’ve noticed over the past few years with my own client base and one that has also been confirmed by other CPAs. The majority of business clients are in one of two camps: their businesses are doing extremely well, or...
If you're a business owner and you've been looking for ways to maximize your profits, the idea of only 2% profit growth may seem baffling at first. Why only 2%? Wouldn't you want more? Why not aim for 20% growth? Or 50%? Or even more? It may be tempting to aim that...
Here are the Profit Killers You Should Prioritize Recently, we discussed profit killers, what they are, and what it takes to fully eliminate them. As a quick refresher, a profit killer is a flaw or problem in your business that prevents you from reaching your full...
Eliminating Profit Killers Could be What Takes Your Business to the Next Level Over the past 40 years, I’ve worked with thousands of business owners, and that’s no exaggeration. One of the most surprising things I’ve learned in that time was that there’s surprisingly...
If you’re a small business owner, it’s practically certain that you’ve been affected by the COVID-19 pandemic. It’s likely that you took out PPP loans, and odds are you will need guidance not just with understanding the laws themselves, but how these laws have...