7 Partnership Lessons Every Entrepreneur Must Master

April 19, 2017 @ 4:26 pm posted by David Finkel (Taxloopholes.com Advisor)

Are you thinking of bringing in a partner? Or formalizing a strategic relationship? Here are seven of the most critical lessons to consider before you finalize the deal. Lesson One: Only bring on a formal partner if that is the only way you can gain the talent, resources, or other element from your prospective partner.  Continue

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The Top 20 Financial Controls to Protect Your Company from Fraud, Theft, and Embezzlement

April 6, 2017 @ 8:54 am posted by David Finkel (Taxloopholes.com Advisor)

In my last article I shared three time-tested, broad-stroke strategies to protect company from fraud and embezzlement. Let’s dive deeper into the nitty-gritty details of financial controls. Here are the top 20 financial controls to safeguard your company and protect your bottom line. I’ve divided these powerful suggestions into four categories to make them easier  Continue

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3 Time-Tested Strategies to Protect Your Company from Fraud and Embezzlement

March 30, 2017 @ 8:35 am posted by David Finkel (Taxloopholes.com Advisor)

Karl (not his real name) ran a successful medical group specializing in elder care in the Midwest. Smart and hardworking, Karl was like a lot of small business owners we know. He was focused on the operational side of his business, in his case the practice of medicine, and didn’t pay close attention to the  Continue

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What’s Your Biggest Time Waster at Work (and what to do about it)

March 22, 2017 @ 2:08 pm posted by David Finkel (Taxloopholes.com Advisor)

What is your biggest time waster at work? Is it: Phone calls? Meetings? Email? Staff interruptions? If you are anything like the 353 U.S. business owners my company Maui Mastermind surveyed you’re likely answer is “email” (57%), followed by either “phone calls” or “staff interruptions” (tied at 17% each). Regardless of which of these four  Continue

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5 Meeting Best Practices Every Leader Should Follow

March 16, 2017 @ 2:21 pm posted by David Finkel (Taxloopholes.com Advisor)

A recent article in the Harvard Business Review reported on an international study by the Center for Creative Leadership titled, Always On, Never Done?, which shows that professionals, executives and business owners in the U.S. and 36 other countries now work a whopping 72-hour week. The study went into depth explaining that one of the biggest sources for frustration of  Continue

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The 5 Secrets of Today’s Billionaires (and what they have to teach you about producing more with less)

March 8, 2017 @ 4:03 pm posted by David Finkel (Taxloopholes.com Advisor)

The world today is different in many ways, one key way is how the most successful business leaders have learned to break the chain between one hour of time worked and one unit of value created. Time cards and grueling days don’t help business leaders create value. We create value by what we do with  Continue

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6 Simple Tips to Effectively Cover Your Backside

@ 3:56 pm posted by David Finkel (Taxloopholes.com Advisor)

In my last article on the power of your written trail to protect yourself and your company I shared the two key “filters” you need to pass your written paper trail through. I want to share more details on the nuts and bolts of documenting your business deals and relationships so that you see it  Continue

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I wanted to follow up on an earlier article on the ten stupidest things business people do that get them sued with a simple practice that will help keep you safer – documenting your files. In the old world this often meant crafting “cover yourself” memos for your physical files, but in today’s world this  Continue

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Stop Demotivating Your Team and Help them Feel Their Successes

February 16, 2017 @ 9:05 am posted by David Finkel (Taxloopholes.com Advisor)

“David, you’re never satisfied with the work I do. It’s just like with my dad, you’re never happy.” Those were the words I heard from a key team member 7 years ago now, and they stung. I wanted to be an enlightened boss and saw myself as an empowering leader. But here was direct evidence  Continue

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8 Tips to Control Your Staffing Costs

February 9, 2017 @ 10:00 am posted by David Finkel (Taxloopholes.com Advisor)

In most companies, the largest expense is their employee. Now I want to frame this article with a clear understanding that your team is essential and indispensable, and really not an expense. Still, I want to share with you 8 sure-fire suggestions to help you control your staffing costs. Tie compensation to value created, not  Continue

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