New business

Twin Problems of Unprofitable Customers and Services

January 20, 2020 By Steve

I’ve been coaching some new CPA firm owners about how to build a profitable professional services firm. And to jump to the punchline? The twin tricks … [Read more...] about Twin Problems of Unprofitable Customers and Services

November 27, 2019 By Christian Block

Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion

August 20, 2019 By Steve

Many investors know about geometric growth, which is what compound interest is. Investors, for example, know that if you earn an annual 5 percent … [Read more...] about The Hidden Magic of Arithmetic Growth

June 3, 2019 By Steve

I really, really like In-N-Out Burger. In fact, my opinion? In-N-Out delivers the very best fast food burger available. This blog post isn’t a … [Read more...] about In-N-Out Burger: Masterpiece Burger, Masterpiece Business

April 15, 2019 By Steve

Late last year, I posted a couple of essays that defended Thomas Stanley’s Millionaire Next Door theory: Defending the Millionaire Next Door Theory … [Read more...] about The Illusions of Entrepreneurship Professors

January 2, 2019 By Beth Nelson

If your company does business in Washington, then you likely need a Washington business license. Luckily, applying for a new business license in … [Read more...] about How to Apply for a Washington Business License

December 3, 2018 By Steve

Last week, after reading the newest book in the “Millionaire Next Door” series, I critiqued the critics. More specifically, I pointed out how the … [Read more...] about The Millionaire Next Door Business Plan

November 26, 2018 By Steve

I recently read The Next Millionaire Next Door, the latest book in the “Millionaire Next Door” series started by Thomas Stanley and William Danko more … [Read more...] about Defending “Millionaire Next Door” Theory: What Stanley’s Critics Got Wrong

July 16, 2018 By Beth Nelson

You know your business needs to hire employees, and you’re already on board with using a full-service payroll provider such as Gusto, Intuit … [Read more...] about Washington Small Business Payroll Setup Tips

May 28, 2018 By Steve

Somebody asked me about building a small business Monte Carlo simulation worksheet. They’d seen the earlier blog post we’d done about stock market … [Read more...] about Small Business Monte Carlo Simulation