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Entrepreneur Series – Lesson 3 – Know Your Role As The Owner

As an entrepreneur starting a new business, you often have to wear the hat of cook, dishwasher, accountant, and general manager.   However, one of the biggest mistakes a young owner will make is not quickly clarify their role within the organization.   Far too often, new entrepreneurs will try to control every aspect of a new business which inevitably slows the growth of the organization.  In some cases, it can make hiring and training new people so difficult it can be destructive to the success of a company. One of things I recommend to new business owners is to draw a T chart with one axis being things you like to do and one access being tasks that you are good at.    What you should quickly try to figure out in the early stage of a new company is to list all of the items that you are good at and those tasks that you like to do.    After figuring out this critical piece of analysis, you should begin to try…

Are My Withholdings For Taxes Correct?

Since tax season has just passed, you are probably in one of two states of minds.   Either a) you love your CPA because you got a big refund, or b) you hate your CPA because …

Top 10 Ways To Tighten Up Expenses For Business Owners

Top 10 Ways To Tighten Up Expenses For Business Owners
By: Cindy Buie
Sometimes thinking small is the best way to achieve big results. Such is the case for closely-held businesses looking for unique ways …

2010 Mileage Rates!

As each year changes, so do the deductions we can take every year as it relates to mileage with business, charitable, and medical mileage. I often find that people I …

How To Be Profitable In The Real Estate Business

Real estate can be a very lucrative business. Or, it can be the death trap that many an agent experiences as is evident as this present cycle of real estate corrects itself. Learning to be profitable is not that hard, but it does take a different mindset than what other agents before us could comprehend. […]