How much did you increase your income last year? If you compared your tax return from the year before versus the most recent year, was it $100,000 more? For most people, likely not. Most of us don’t increase our income $100,000 per year. What if we could though? What if in the next 12 months you reliably increased your income by $100,000 after taxes? Here’s how: Path 1: Make an …
We start our businesses with few skills. Then we learn. We learn marketing, operations, finance, and management. We tend to gravitate toward one area. Soon, we think we’re better than most in that area of business. This creates a problem… We start to think nobody else can do that area as well as we can. Then we’re trapped – we’ve created a permanent job for ourselves when our real goal …
One of my businesses is down $400,000 in operating cash flow for the year. Last year, I delegated too much. I put in place a good manager to lead the company. He did a great job managing our employees and I thought he could do a good job leading the company. I was somewhat right. Employees are happy. Customers are happy. But, our sales and profits are suffering. This isn’t …
I quit my first and only job out of college as an investment banker seven months after starting. After a year, I was making half the income from my business as I had been making at my analyst job. Even worse, in less than a year all my previous coworkers who started with me would become Associates with six-figure salaries. However, to grow my business, I couldn’t keep doing all …