The third step to fruitful networking is Being Relational. If you’ve been to very many networking opportunities, you have likely met the people who are more transactional in nature. They are the ones who are slinging cards to anyone who will take one and seizing every opportunity to promote their services. You won’t typically see them quietly talking with someone ...
A big surprise many new entrepreneurs experience is their first-year tax bill! For example, a new social media influencer on TikTok receives money from TikTok each month. Many spend that money without considering taxes. What many new entrepreneurs don’t realize is that the money they received throughout the year isn’t really theirs. A significant percent of money earned is owed ...
Last month, Steve Easterbrook, former CEO of McDonalds, decided to return $105 million in severance benefits to McDonalds. In 2019, Easterbrook was terminated without cause allowing him to obtain his agreed upon severance package. After that termination, McDonalds claims to have discovered sexually explicit videos of Easterbrook with company employees and other women. This discovery led the board of McDonalds ...
Did you know that Martin Luther King Jr. was born Michael King? In 1929, Dr. King’s father spent time in Germany admiring the reformer, Martin Luther. This event moved Mr. King and his teenage son to change their names to Martin Luther King and Martin Luther King, Jr. Carrying the name of a great reformer like Martin Luther impacted Dr. ...
One of the biggest reasons for business failure is due to being undercapitalized. Starting a business almost always costs more than expected. Starting a business usually costs more than many entrepreneurs have in available cash. This typically leads to the entrepreneur trying to borrow significant sums of money, often requiring more trust in the lender than in God’s provision. I’ve ...
Every year around April 15th, many new entrepreneurs receive shocking and unexpected news from their tax preparer. They owe a lot more tax than they have cash available. Why does this happen? When you receive a paycheck, taxes are withheld automatically, but as an entrepreneur you are paid a gross amount of money without accounting for taxes. The IRS wants ...
In this series, we’re discussing how to inflation proof your business. With interest rates at all-time lows, company debt has surged. If inflation begins to rise, your debt could begin costing you significantly more when the Federal Reserve begins fighting inflation with higher interest rates. My very first, and last, small business loan was at 18% interest. That experience taught ...
According to new research from Bank of America Securities, mentions of inflation by CEOs have exploded 800% year-over-year. With age comes some added responsibility to share experiences. As inflation discussions have increased dramatically, I realized I have some experiences that many leaders have not had. If you are under 50 years old, you have never experienced inflation above 5% in ...
In one month’s time, Gamestop’s stock price went from $18 a share to over $340 at its peak. The price soared despite their revenue and profits being in decline. The stock price was driven up by a tribe of online small investors who decided to stand against the large hedge funds. Although Wall Street took notice, long-term, the true value ...
Equipping Others to Do Work Differently
