2020 Tax Season- 6 Things to Remember

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With the 2020 tax deadline of April 15th drawing near, now is a good time to organize essential forms, think about your filing choices, and set yourself up to avoid a last-minute rush to ensure your returns are submitted on time. Here are 6 things to keep in mind to help ensure a smooth and simpler filing: 1. Collect All Documents With Tax Implications Anything that shows earned income, taxes withheld, interest paid, and any type of investment implication are of vital importance in preparing an accurate tax filing. Leaving…

Book Recommendation: Influence: The Psychology of Persuasion by Robert Cialdini, PH.D.

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What if persuasion wasn’t just down to a person’s “natural charisma”? In Robert Cialdini’s book, Influence: The Psychology of Persuasion”, he goes over 6 principles of influence and how to use them. This book focuses on seeing persuasion as a skill rather than a natural attribute, thus making it possible for anyone to learn this skill. The 6 Principles of Influence Reciprocity – Give what you want to receive Consistency – Active, public, and voluntary commitments Social Proof – People rely on and believe others similar to themselves Liking –…

Assessing Business Risk

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As business managers and entrepreneurs we can have much greater control over our outcomes if we properly assess risk.  In a recent read of Keith Cunningham’s The Road Less Stupid he suggests the following: Risks are the following: Something that was not predicted to happen happening Something that was predicted to happen not happening All Risks have 3 moving parts The probability of the risk occurring The cost if it does occur The manageability of controllability of the risk identified Note – When you think about what could go wrong you dramatically…

Book Recommendation: The Road Less Stupid

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Book Recommendation: Road Less Stupid by Keith J. Cunningham   If you were given the option to make a new decision or go back in time and fix a wrong one, which one would save you more money? This book suggests fixing the wrong choice would save you more money. As leaders, we have all made mistakes and will probably continue to make some more. Going forward, instead of focusing on making more right choices maybe we should focus on making less bad ones.      “It turns out that…

The Millionaire Mindset – 5 Skills You Cannot Ignore

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When we are born, we are given a clean slate to start anew. The world is out there for us to learn, grow, and thrive. We have innumerable opportunities to make the best of our lives. Thus, it is possible to become whatever and whoever we want to be; if we want to make millions or even billions, or if want to do social service, or if we want to get into politics to enact good laws and serve the people, any and all of that is possible.  Listed below…

How to Keep Your Team at Work Accountable

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How can you keep your team at work accountable? The responsibility of holding a team accountable is the work of the team manager, irrespective of whether or not the situation causes discomfort. The process of holding a team accountable consists of many variants, including instructions, regular advice, and explorative questions that assist in unlocking the inner ownership of the team. The meaning of accountability can be understood via the two phrases, i.e., to be accountable, which means offering a description of what’s occurring in a specific section; and to hold…

How to Create a Strategic and Operating Plan: Free Presentation Download

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There is a lot of value in having a plan when running a business or implementing a new idea. There is more value in writing that plan down. Then there is also even more value in presenting that plan to others so that they can also understand and buy into the idea. Strategic plans vary from project to project or company to company but there are similarities to what is included in them. In order to create a successful strategic and operating plan, there are certain things that you should…

How Entrepreneurs Stop Being Entrepreneurs

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How do entrepreneurs stop being entrepreneurs? Why do entrepreneurs stop innovating? All the startups stop innovating at some point in time and it is expected that innovation cycles tend to end. After a certain number of years spent on innovating, creating, evolving, and expanding the product, all entrepreneurs go all out towards an enormous sales push. This is when innovation becomes just another department instead of being the core of a startup. Increased focus on sales and growth is a natural step in the life cycle of any company. However,…

Book Recommendation: The Talent Masters

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Hiring the right people for the right job is one of the most important things you can do as a business leader.  “The Talent Masters: Why Smart Leaders Put People Before Numbers” by Bill Conaty and Ram Charan is in my list of must-read books for leaders at all levels. If you are unable to read the book right now or would like to know more about before reading then take a look at these condensed notes below: THE TALENT MASTERS 1. Talent is the edge By repeatedly putting people…

Handling Stress at Work

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Handling Stress at Work: What can be done? Stress is one of the most common ailments affecting the general populous of the world. The intense competition and the hectic pace of life have resulted in stress in individuals from all walks of life. This is especially true in the case of business leaders and entrepreneurs. They have to attend to a million things, all at once, and that can take a heavy toll on the mind as well as the body. So what can be done to handle stress at…