How do you make financial decisions for your business? Do you set aside time to review your actual financial reports, or are you committing “bank balance bookkeeping”? You know what I mean: checking your business bank account daily as a measurement of your...
If you’re struggling in your business, tempted to do some price reductions to drum up sales, and not getting the traction you need… I have a quick thought for you today. Struggling Businesses: Careful With Price Reductions “Despite your best efforts, not...
Before we get to talking about accountability in your business… During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City...
There is a difference between income and wealth. Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not...
If we’ve learned anything from 2020, it’s that our best-laid plans don’t always turn out. As the great philosopher, Mike Tyson once said: Everyone has a plan until they get punched in the face. What is your plan for exiting your family business? You...
