There is no lack of shows that portray a fabulously wealth person or family. Social media articles are published daily discussing the lifestyles of celebrities as they jet around the world. A lot of times, people tie fame to financial success and think these people always know how to make financial decisions better than most. In reality, everyone rich or not, has trouble making the best financial decisions for themselves.
Most business owners wait until the beginning of the next year, after the current tax year ends, to send their tax information to their professional. I have seen so many get their information in with maybe weeks or even days before the filling deadline. And then the information is spotty or incomplete. How can you expect your accountant to find tax savings from the year before, when the year is over.
I am sure you agree that there are many obstacles an owner faces to find success and stay successful. In my experience as a wealth advisor and CPA working with owners in how to overcome challenges in small business, I find there are two primary obstacle groups: Practical obstacles and emotional obstacles.
Create a great product, have savvy marketing and watch your cash flow. These are some examples of the many common pieces of advice on how to be successful in business. But in my experience, not surrounding yourself with the best team of people in your business and in your personal life is the major reason for business failures and not achieving your financial goals. Bad “players” on your team will sentence you to working harder and longer in life and rob you of your dreams.
There is a specific formula for producing great financial results for every business. It is a proprietary process that I created more than 30 years ago. It is called the Wealth Building Formula® for your business. Follow this “recipe” and you will always make the 100% correct financial decision for your business.
