When we live as onlookers, we spend the bulk of our time looking as onlookers in our lives. We can’t grow and prosper if we live life as spectators. It’s good to congratulate people on their accomplishments and achievements. Don’t let what others are doing, though, prevent you from living your own life. Participate in your own life story by taking an active part in it. What holds us back from living our best lives? 1. Fear Fear of change […]
When we worry about what others think about us and try and “keep up appearances”. We may find ourselves eager to please everyone but ourselves. Continuing with this way of thinking may eventually impact our businesses. Below are some tips on how to allow yourself to reach your full potential as a business owner and not put too much weight on other people’s opinions of you. Make an Effort to be Thankful To stop yourself from feeling like you have […]
Do you know what the most common complaint is among accounting professionals, whether they are CPAs, accountants, or bookkeepers? It’s not that accountants work long hours. It’s not that some of them despise dealing with the Internal Revenue Service. It’s not that they have to keep up with constantly changing accounting and tax laws. Accountants’ number one complaint is that small businesses put things off until the last minute – business owners PROCRASTINATE. We can all agree that business owners […]
We may assume that successful business owners have no doubts, that they make snap decisions, never have regrets, and always know what to do. However, nothing could be further from the truth. Everyone, even the most confident leaders second-guess themselves. Self-doubt is a natural reaction to the obstacles that life throws at us. Even so, it doesn’t have to prevent you from facing challenges and achieving your objectives. Here are some helpful hints for overcoming uncertainty and channeling your energies […]
Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could easily be avoided. So consider setting up a plan to position yourself for future tax savings. For owners of profitable one-person business operations, a relatively new retirement plan alternative is the solo 401(k). The main solo 401(k) advantage is potentially much larger annual […]