Saving The Day

There is always a question of, “What is the market going to do?” I don’t care what TV station you turn on or what radio station you tune to, they’ve all got different ideas. I think in the financial world, a lot more focus needs to be put on not where the markets are going and not what’s going to …

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Wealth Psychology

A few months back, I had a rather wealthy client literally explode into tears in my office. She was heartbroken at how her children and grandchildren were always fighting, never able to save a penny, and not one seemed to appreciate the amount of work she and her deceased husband had put into building a sizable estate and a chain …

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It’s Your Business – Afraid of Change

It’s Your Business – Afraid of Change We want to do things that are right and repeat them over and over again.  But as a business owner, it’s good to change things up from time to time.  #1 change is technology.  People don’t realize how technology out in your industry will change the competitive nature of who is going to be your next competitor, looking …

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It’s Your Business – Buying and Selling

It’s Your Business – Buying & Selling Many mistakes are made when buying and selling a business.  Some people will roll over IRAs or take equity out of their home to buy a business.  Be careful with what you’re buying and how you’re buying it.  You need to look at profitability and assets and decide, is it worth it?  You don’t want your …

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It’s Your Business – Business Entity

It’s Your Business – Business Entity One of the top mistakes that business owners make is the improper choice of business entity.  This can be a very expensive mistake and choosing your type of entity is vital.  There are several choices, the top being C corporation, S corporation, an LLC or sole proprietor.  To decide whether you are in the right …

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It’s Your Business – Profits and Assets

It’s Your Business – Profit and Assets Profit analysis.  We want to understand long-term accrual based, business profit bottom-line after tax.  If you’re trying to get a loan from the bank, profit is important.  Step one is looking at the books to come up with financial metrics.  There’s three categories you need to examine: return on assets, return on employees …

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It’s Your Business – Top Mistakes

It’s Your Business – Top Mistakes The tax code is here to stay, but the secret is maneuvering through it.  In this episode, Coach Pete D’Arruda and Stan Moore, CPA discuss managing your profitability.  They talk about the bottom line, managing it, and knowing the term Gross Profit Margin.  Gross Profit Margin allows you to drive the volume of the business.  Stan discusses fixed overhead and …