My book is FINALLY out! If you’re ready to reinvigorate your cash flow and increase your profit margins, you MUST read The 90 Day Profit Reset. It’s available now in print and Kindle versions from Amazon.
In Today’s video you’ll learn about the new PPP rules issued by the SBA can greatly help sole proprietors, independent contractors and self-employed.
Before the SBA changes many small business owners who didn’t have payroll had to calculate on net income now can use gross sales.
If you already filed under old rules- Tough luck. But if you haven’t can make a big difference.
Example – before one of my clients didn't qualify because their net income was zero after depreciation write-offs. Now we can use gross income of $150K and qualify for $31,250 in PPP loans.
Must use the new forms (2483-C for the first draw and 2483-SD-C for the second draw)
Warning- SBA has announced that they will look closely at loans of $150K or more to make sure you had a real need for the funds.
Forgiveness rules are the normal rules for sole proprietors that I covered in earlier videos.
All of this is very confusing so get help if you think this is something that will help you
The most valuable asset a business has is its existing customers.
But what is a business’ second most valuable asset? Customers by referral! If you want your business to grow and your sales to increase, use your current perfect customers to bring in even more new perfect customers.
In other words, when we use our loyal customers to gain more loyal customers, we create a system that guarantees sales, and our business grows exponentially because of it. Sometimes, however, this is easier said than done.
In my decades of experience, I have become an expert in the art of referrals, and there is a right way and a wrong way to do this. Don’t waste your precious time and money on strategies that won’t help your business grow.
Let’s have a conversation and make sure we prioritize the right customers so this year can be our most profitable one yet!
Do you want to improve your profit and re-engage customers?
Obviously, the answer is yes, but how do we do this while juggling a cacophony of other tasks and obligations as busy entrepreneurs? The best way to grow profits is with the 80/20 rule. This rule states that 80% of your output comes from only 20% of your input. In other words, if we want to grow, we only need to focus on the top 20% of our customers and 80% of our profits will grow.
Especially during the times in our lives in which we have other obligations that take us away from focusing on our business, the 80/20 rule can help.
By focusing on your growing your top customers, you can double or triple your revenue without having to search for new prospects or develop new services.
Don’t get overwhelmed by trying to grow your profits. Just make sure your focus is in the right spot!
It’s been over six weeks since the second stimulus bill has passed, and most people have yet to understand the entire scope of these changes.
As we kick off the 2021 tax season, it’s important to understand the new tax breaks in the second round of stimulus.
Your taxes will look a little different this year, but if you do it right, this means more money in your pocket.
The stimulus bill is designed to offer assistance during these trying times. Let’s have a conversation about these tax breaks so we can take full advantage and get more money in our pockets.
The new law passed in Late December of 2020 created the possibility to get both the PPP loan and the Employee Retention Credit at the same time. It also extended and expanded the credit into 2021.
This can equal a large credit which will reduce your payroll taxes equal to the dollar amount of the credit amount you qualify for. In this video I discuss the rules and how this can mean reducing your payroll taxes substantially. For one of my clients I estimate it can be up to $50,000.
It’s been 312 days since our COVID lockdown began, and the economy has undeniably been affected in the long term.
While this health crisis has ravaged some communities and businesses, you don’t have to let the COVID economy beat you.
If you have been in this industry for as long as I have, you would know there is a way to build a better and smarter business in the COVID economy by prioritizing certain improvements and taking strategic action to increase sales.
Watch this video where I discuss how to beat the COVID economy in order to build a better and smarter business.
Don’t try to endure the COVID economy alone; let’s work together, and come out the other side stronger than ever!