Posts Tagged ‘Grow’

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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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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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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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

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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

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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

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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

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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

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