Work To The Best Of Your Ability

Whatever you do in this life, do it to the best of your ability. Whether you are in school, running for president, playing a game, or working on something, do it in a quality way. Don’t be someone who just does something to get by, or is waiting to clock out. Be at the top of your game, because even if nobody knows, you will know, and the universe will know, and usually someone higher up in your organization is noticing. If something is challenging for you and you still do it well, the... Read more »

Consultants: What Can They Do For Your Business?

When a business is just starting up or in the midst of significant change, one of the best ways address new challenges is by hiring a consultant. Consultants are brought into companies that are in need of a helping hand during times of trouble or opportunity. The growing business of consulting is used by thousands of companies a year, and independent consulting is the fastest growing business in the United States. Consultants are experts at pin-pointing their client’s problem and solving it... Read more »

Identity Theft: It Won’t Happen To Me.

“I got bad credit I’m not worried” “It happened to a friend of a friend” “I’ve got other priorities now” “All it takes is guarding your Social Security number” “I can trust the people around me” These quotes are all too common regarding identity theft. The problem is the Federal Trade Commission, various law enforcement agencies and identity theft experts have stated there are no 100% guarantees and the numbers for identity... Read more »

Selling Your Business - Why Use a Business Broker

Perhaps the most important business transaction you will ever pursue is the sale of your business. Many business owners attempt to do it themselves and when asked if they got a good deal, many respond with “I think so,” or “I got my asking price,” or “I really don’t know,” or “It was a disaster.” Often times these very capable business people approach the sale of their business with less formality than in the sale of a home. The purpose of this... Read more »

Website Advertising Ideas To Boost Your Internet Profits

Write about a niche area that you are interested in and create an Ecourse on it. Then start a marketing campaign to build a subscriber list. If the list grows quickly and people opt in to learn more about the niche, you are creating a ready pool of customers to sell to once the actual product is launched. Evidence will show if there is a strong need for the product. Toward the end of your ad copy, use a “P.S.” to remind your readers some last minute thoughts that will sway their decision... Read more »

Business Brokers - Bad Practices from the Big Boys

I sit on the board of directors of the Midwest Business Brokers and Intermediaries (MBBI). An attorney from a small Chicago law firm was recently elected to the board. In his first meeting he introduced himself and said he was on the board at a Chicago attorney association. He stood up in front of our board and said, “You guys don’t have a very good reputation in the legal community. That certainly got our attention and he went on to explain the reasons why. As I listened to him, it occurred... Read more »

Tax Tips on a C Corp Asset Sale

First, unless you are planning on going public or have hundreds of stockholders do not form a C Corp to begin with. Use an S Corp or an LLC. If you currently are a C Corp ask your attorney or tax advisor about converting to an S Corp. If you sell your company within a 10 year period of converting to an S Corp the sale can be taxed as if you were still a C Corp. Here is what happens when there is an asset sale of a C Corp. The assets that are sold are compared to their depreciated basis and the... Read more »

The Power of Why: A Psychological Revelation

Here’s why ‘WHY’ is such a profit-making marketing trigger. “Stop taking two and three plates of food,” my mother said to me angrily. I was at a wedding and seven years old. Back then, at a lot of the weddings we used to go to, the food would be pre-served on a plate. I could never get enough of those calorie-ridden platters. Waylaying different waiters, (so I would not be recognised), I’d polish 3-4 plates without blinking an eye. ============================= Mum... Read more »