Archives for October 2023

Well, before I dive into today’s dose of real world business strategy, let me ask you, have you revisited your 2023 business goals and made a plan to reach them before the end of the year? Goals aren’t a set it and forget it kind of thing. You’ve got to revisit them and focus your business efforts on reaching them. It’s easy to get sidetracked with other things that arise… Read More

I’m continuing to avidly watch, as I’m sure you are too, the unfolding events in Gaza. Though Biden issued a back-channel warning to Iran about not joining in the conflict, the possibility of a larger scale war looms. Economically, that affects gas prices and other factors of the global economy. Then there’s the national budget deadline and the Congress’s gridlock over finalizing it.  It’s more important than ever to keep… Read More

This weekend’s news coverage and social media scroll were dominated by reports of the awful things happening in Israel right now. It’s pretty difficult to swallow the images of violence and abuse being perpetrated by Hamas. And no matter how many times you hear about these kinds of things, it never gets easier.  But even with difficult things like this, be mindful of letting your thoughts and feelings be dominated… Read More

If you started out investing 100K into your business and can now sell it for 10 million, it’s time to strategize about how to keep more of that 9.9 million dollar profit from Uncle Sam. Section 1202 allows small business owners to exclude at least 50% of the gain recognized on the sale or exchange of qualified small business stock (QSBS) held for five years or longer with the gain limited… Read More

You’ve worked hard during the last few decades building and maintaining your business, and now it’s time to sell it off, relax and enjoy the fruits of your labors. You don’t want those years of work going up in smoke through long term capital gains taxes on the sale, though. What’s a business owner to do? You will be subject to a capital gains tax rate of, currently, 0%, 15%… Read More

Profit is the lifeblood of any organization.  Show me a small business with PROFIT at its center, and I’ll show you something worth modeling yourself after. An organization NOT to model yourself after: the federal government. They prefer to operate in deficit mode, narrowly avoiding yet another shutdown this weekend with a temporary funding bill that expires around Thanksgiving. So stay tuned for more drama on that front. Meanwhile, I’d like… Read More