Solopreneur S Corp $avings
This is a 3-part course that takes a deep dive into why being a one-man band S Corporation is awesome. The big awesome reason why? It saves your business thousands of dollars. Every year. I have based my practice since our second year, 2018, around what is now a nice, neat package of video lessons. […]
The High Risk of Starting a Business
If you started a business five years ago, and you can still call it a success, you are in an elite minority. Did you know that? I’ve heard some of these numbers in several of the books I’ve read in the last few years, so I went to one source that quotes the Small Business […]
Mayday!
Congratulations, entrepreneurs. You made it through the first trimester of the year. It’s kind of fun that the second trimester starts on the beginning of a week. Not only that, but that May Day is the first day of said second trimester. Have any of you ever participated in the May Pole dance, wrapping the […]
Bloatware, and Child-like Enthusiasm
I like that word, bloatware. Kind of sounds like a Spiderman villain. Or what Jabba the Hut wears for underpants. In information technology it’s the term for unnecessary and forgotten software running in the background on your system, slowing down your more important processes. How much bloatware do you have, not just on your PC […]
How to Win at Business
I read something that struck me as just plain wrong from a so-called author once. It was concerning his view on the diet and weight-loss industry. He said that if he wrote a diet book it would be the shortest book in the history of books. Eat less. Exercise more. The End. Sure, buddy. Aren’t […]
The Legacy of Grandma Moses
I’m about to make a powerful point that has been germinating for some time. Probably since I started the business that is now Owings LLC 5 years ago. I have had vague memories of my Mom talking about Grandma Moses’s career as an artist with admiration for many years. The remarkable thing is she took […]
The Opportunity Cost of Doing Your Own Books
Opportunity cost is one of the most useful things I learned about when I was forced to take microeconomics as an undergrad course. Here’s a very good definition from our dear friends at Investopedia: “Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.” […]
The Melodrama of American Taxation
We’ve been talking about taxes for years. Pretty much since we opened this roadside attraction several years ago. Addressing the “ordinary and necessary” expense of taxation on small businesses is how we got our start. By addressing I mean to say attacking it like a crazed homeowner with a can of wasp and hornet spray […]
Hope Springs Eternal
Happy vernal equinox, everyone, and congratulations… …you made it through another winter! I like benchmarks, as you are undoubtedly aware by now. Because the beginning of spring lands between the 20th and 22nd every year, that means that the First Quarter ends in about a week and a half. Plus, there’s the whole “everything coming […]
The Concept of Shifting Daylight
Maybe a subtitle for this should be: How Daylight Savings Time affects the 21st Century Entrepreneur. Because, let’s face it, daylight savings time isn’t natural. The concept of time itself is a human construct, as we explored in depth together last week, but at least it makes some logical sense based on the circadian rhythms […]