Mastering Business Basics

Text us your opinion or questions Let’s start off with the elephant in the room: Almost nobody likes to do paperwork. Especially the business person starting out whose sole objective is to get enough clients to pay the bills. And yet, if you truly want to Protect the Profits that your business makes from runaway expenses or getting overly taxed - then we need to talk about bookkeeping, creating reports, and hiring people - and why they are so important to have a general understanding of. ...

Text us your opinion or questions If you are really serious about building a business to last a lifetime, it needs to be built on a solid foundation, not the shifting sands of life. In this episode, we continue that journey with the second pillar of your foundation: Why it is important to have a basic understanding of the tax consequences of choosing the various legal formats for your business and why to know this if you are hiring an accountant or tax professional. Support the show To ...

Text us your opinion or questions If you are really serious about building a business to last a lifetime, it needs to be built on a solid foundation, not the shifting sands of life. In this episode, we begin that journey with the first pillar of your foundation: Why it is important to have a basic understanding of the available legal formats you have to choose from and which is better for each stage of building your business. Support the show To learn about all of the small business edu...

Text us your opinion or questions There's three pillars that undermine every business. I don't care if you're a small Schedule C or whether you're a huge C corporation, it doesn't matter. All three of these things are important. It's just the scale of them that changes. And those three pillars are your legal format, your logistical organizations, and your tax considerations. You have to know these because if you change one, it changes the other two. They work together. That's ...

Text us your opinion or questions When it comes to considering how to get your business started, there are two problems that always seem to come up. The first for many people is what kind of business is right for me. The second is not taking a good look at the skills every business person needs to have in their arsenal to be successful. In this episode, I will be going over the set of skills that all of the most successful business people have that you should also cultivate or hir...

Text us your opinion or questions Today, I want to discuss the necessity of examining your life experiences to help you determine how to choose the right type of business for you. After all, building a business is a huge undertaking, so wouldn’t it make sense to do something that you enjoy? Most of us, as we go through life, realize what we like to do and what we don’t like to do. It is a common reaction to our journey. It is one of the things that steers us in our quest to ...

Text us your opinion or questions This podcast is dedicated to all of the small business owners in the United States, and our mission is to help you learn the foundational aspects of properly building a business. We also like to talk about some subjects that'll make you think, that'll examine yourself, that'll put you in the best frame of mind to build a proper business. But today I want to start with discussing why you may want to spend your precious time listening t...