Tag Archive | "business"
When is a Business Not a Business?
I struggle with the term “business” in my tax business almost daily. You might call an activity a business and the IRS doesn’t agree. If you’re talking taxes, you need to pay attention to what the IRS has as definitions. For example: ”Passive” business that is 10 hours or less per month. It’s a passive activity, [...]
Continue reading...When Is it a Lesson and When Is it a Pattern?
Thursday, May 21, 2009
As CPA, I get the unique opportunity to watch how other people handle the ups and downs of business. And, if I’m smart, I get to learn the lesson without having to actually go through the pain. Here are a couple of real-life examples, I’ve observed recently. One is a 30-something man who is very good [...]
Continue reading...Remaining Calm When Others Do Not
Friday, February 20, 2009
The news on the TV, Internet, papers, well, pretty much anywhere you get your news from is bleak. And there are plenty of predictions that this is going to just get worse. If you’ve got a business where you deal with customers on a personal basis, chances are you’re seeing a lot of erratic behavior. [...]
Continue reading...The 4-Legged Stool
Saturday, February 14, 2009
How many different ways are you building wealth and income? The more diverse you are, the more stable your wealth plan is - as long as you understand each of the markets you’re in. The problem I’m seeing with new clients that come in who have been devastated by the real estate downturn is that [...]
Continue reading...The Mystery of Diversification
Monday, December 15, 2008
Some financial consultants praise diversification as the only way to reduce risk and others will tell you that you need to focus on your strengths and don’t invest in anything you don’t understand. I remember being a tax advisor to a number of overnight rich who invested in the tech boom. I didn’t invest and [...]
Continue reading...In the Web World, It’s Content! Content! Content!
Saturday, November 29, 2008
If it’s Location! Location! Location! for the real estate world, it’s Content! Content! Content! for the virtual world. But, if you want to be effective, it has to be the right content. Here’s the formula that I’m using right now for my blogs. If you’ve done a daily blog for awhile, I’m sure you can appreciate [...]
Continue reading...What is Your Highest Paid Skill/Ability/Talent?
Sunday, November 23, 2008
Megan is down in San Diego for a few days for some intensive “let’s set goals” brainstorming sessions for both of us. Last night we got to talking about the various skills you use in a business that you wouldn’t think you would need. For example, I started out as a CPA with a CPA practice. [...]
Continue reading...Back to Blogging - Here’s the first report of what’s working
Tuesday, November 18, 2008
Well, two comments/emails in as many days about “What happened?” and I moved blogging on this site as a priority. I’m back! There has been so much going on behind the scenes that I just kindof forgot about memoralizing it along the way. So, here’s the plan. I’m going to go through the many moving pieces, [...]
Continue reading...Strategies & Tactics
Thursday, October 2, 2008
I had a great conversation with Jonathan Dune, a very successful copywriter that you probably never heard of. He lives and works in San Diego, but his client base is in Japan. We talked today about the different between strategies and tactics in your business. A tactic is like an arsenal. It’s your products. It’s [...]
Continue reading...Long Tail vs. Focus
Thursday, September 11, 2008
A friend of mine asked me a question a few days that keeps rattling around in my brain. I’ve talked on this blog and at the First Class Lounge Forum at TaxLoopholes about my million dollar mistake. Basically, I got caught up in the glamour of writing a book and doing interviews, that I let [...]
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Tuesday, May 26, 2009
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