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Running a small start-up

In a discussion with a new client, we talked about the necessary skills needed to be a successful entrepreneur. To me the most important requirement for entrepreneurship is to be a self-starter.  My client countered that motivation was a greater driver. I argued that...

E-mails

I was working with a client to migrate their all of their contacts into Constant Contact. I was surprised on how many of the contacts listed that were using generic e-mails (i.e. G-mail, Hotmail, yahoo, etc.). I was cautioned early on when I started my business to...

Worst IRS Audit

Somebody was asking me what my worst experience with an IRS audit was. I knew just the story to tell them. My client was a realtor who had an audit where they needed to go downtown to the IRS offices. We had a Monday morning appointment at 8:30. I went to the clients...

Value to Bank Known

As with any relationship there are ups and downs and my relationship with my bank is one of them. I seldom carry my debit card, they are usually shredded upon arrival and I order a new one when I plan on traveling outside the US. But when I carry them I contact the...

Second Merchant Account

One of my clients added an extension to its existing business; they needed to have the ability to open micro e-commerce websites for specific periods of time. This was based on requests of its customers. So they had a decision to make. They could have hired a web...

Long Term Warranties

I was in a networking group with an HVAC guy. Now this guy literally ran his business out of his truck and he was a one man shop. Now this is not necessarily a bad thing, but the fact that the business had a transitory feel to it, I was reluctant to pitch his services...

Franchise closing

I am currently working on pulling together the final tax return. The owner has thrown in the towel. Yet he still has time on his original contract with the Franchisor. My client stopped making the required monthly payments a few months ago and has received a form...

Second Careers

I have a friend of mine who is starting his second career in his mid-50’s. He thought that he was going to spend the last years of his working life at his last employer. But things obviously did not work out as planned. So he has developed a plan to move on a two...

Bad Choices

A hundred years ago I was working for a large NFP that was just starting to go through a radical restructuring. As a cocky young accountant, I saw the direction and I was concerned that the decisions being made were wrong. I voiced my opinion on deaf ears and left in...

Good times to bad

I was at a Board of Directors meeting for a client recently and the lack of urgency was brought up.  The BOD has deferred certain decisions and that course of action has been uncovered as a problem for certain growth and funding plans. The decisions had been deferred...

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