The 10 Stupidest Things Business People Do that Get Them Sued

January 19, 2017 @ 9:28 am posted by David Finkel (Taxloopholes.com Advisor)

A short while ago I was talking with my friend and attorney, Alan Gassman, about the crazy, uninformed, and just plain stupid things that business people do that get them sued. Alan is one of the leading attorneys in the country with over 20 years of practice experience. I want to share that list with  Continue

off   read more

Using Strategic Expenses to Enhance Your Cash Flow

January 11, 2017 @ 1:16 pm posted by David Finkel (Taxloopholes.com Advisor)

If you’re looking to run a lean, efficient business, where are the places you should and should not spend money? Here is a simple distinction that will help you make smarter strategic choices for yourself. The distinction is between “strategic expenses” and “non-strategic expenses.” Essentially a strategic expense are expenses for things that concretely help  Continue

off   read more

Don ran a successful engineering firm with revenues of roughly $1 million annually. But he had been stuck at this level for over a decade. “David,” he said, “We go out and respond to RFPs and take past clients out to lunch to reconnect, which generates a ton of new business for us. But then  Continue

off   read more

7 Tactics to Guaranteed to Increase Your Conversion Rate

December 7, 2016 @ 4:19 pm posted by David Finkel (Taxloopholes.com Advisor)

Think about how much you spend on generating new leads for your company to sell to, remember to calculate in not just your direct ad spend, but also the cost of your staff time. You likely spend 5-15 percent of your gross revenues on marketing, with the goal of giving your sales team (or sales  Continue

off   read more

7 Simple Steps to Escape the Competency Trap and Free Up Your Time

November 30, 2016 @ 7:33 pm posted by David Finkel (Taxloopholes.com Advisor)

Shirley owned and operated two large Montessori preschools in California. These schools were very successful, serving 400 children each day. But there was a catch – the business was consuming Shirley. She was exceptionally good at what she did. She dealt with parents, generally the largest source of fires and challenges for a preschool, gracefully  Continue

off   read more

Conducting a Sweet Spot Analysis™ to Find the Best Leverage Point to Grow Your Business

November 17, 2016 @ 8:00 am posted by David Finkel (Taxloopholes.com Advisor)

Do you ever feel overwhelmed by your business with too many ideas and not enough time to implement even a fraction of them? Wouldn’t it be cool if there was a simple, one page tool that would let you pick the highest leverage spots to invest your limited time and attention on inside your business?  Continue

off   read more

7 Tips to Lower Your Outstanding Receivables and Collect More of What You’re Owed!

November 10, 2016 @ 8:00 am posted by David Finkel (Taxloopholes.com Advisor)

Charlene (name changed) was an attorney with a sterling reputation as a business attorney in Chicago. She was also struggling with cash flow challenges, which is what had prompted her to hire my company as her business coach. It was Charlene, one associate attorney, and one paralegal, and collectively they were billing roughly $600,000 per  Continue

off   read more

7 Must Know Items When Using Independent Contractors for Your Business

October 31, 2016 @ 8:00 am posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

Some of you may be aware that as a business owner, you can save thousands to tens of thousands of dollars each year in taxes and benefits by hiring independent contractors rather than employees. As an employer, you can avoid the paying, withholding, and filing costs each and every year for your independent contractors that  Continue

off   read more

12 tips to build your leadership team

October 27, 2016 @ 8:00 am posted by David Finkel (Taxloopholes.com Advisor)

Ron owned a $12 million per year manufacturing company making industrial control parts to automate manufacturing processes. 25 years earlier Ron had started his company out of his garage and slowly grew it to the point it is today. But as Ron and his company become more successful, he began to look beyond the near  Continue

off   read more

The Secret to Scaling a Professional Services Firm

October 20, 2016 @ 8:00 am posted by David Finkel (Taxloopholes.com Advisor)

In my last article I shared a precise and detailed 6-step template to map out your core expertise to make your company more profitable, stable, and profitable. Here was the biggest question that came from readers: “David, there’s no way we can scale. We can see how what you teach would apply to other businesses,  Continue

off   read more