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Strategy

Henry Ford and the Problem of Customer-ization

January 22, 2018 By Stephen Nelson CPA

Henry Ford demonstrated how to avoid the problem of customer-ization

Last month, while on vacation, I read Bhu Srinivasan’s excellent book, Americana: A 400-year History of American Capitalism. Srinivasan’s epic work … [Read more...] about Henry Ford and the Problem of Customer-ization

Filed Under: management, Strategy

Small Business Postmortem: Funeral for a Friend

January 8, 2018 By Stephen Nelson CPA

Picture of napkin doodles someone makes as part of doing a small business post mortem

A few weeks ago, an old vendor we still buy a few items from called. And for an odd reason. They wanted help with a small business postmortem of their … [Read more...] about Small Business Postmortem: Funeral for a Friend

Filed Under: management, New business, Strategy

Small Business Power Law Dynamics:  Secret to Jacking Profitability?

November 13, 2017 By Stephen Nelson CPA

Picture showing small business power law dynamics

Peter Theil, in his provocative book Zero to One, talks about the power law dynamics you want to get “going” if you’re an entrepreneur working in start … [Read more...] about Small Business Power Law Dynamics:  Secret to Jacking Profitability?

Filed Under: Bookkeeping, management, Strategy

Good Small Business Opportunities

October 16, 2017 By Stephen Nelson CPA

good small business opportunities often start small--like a new plant sprouting up.

Identifying good small business opportunities is tricky. You’ve got the folks (maybe your parents or spouse) who tell you you’re crazy to even con … [Read more...] about Good Small Business Opportunities

Filed Under: management, New business, Strategy

Small Business Entrepreneur Route to Financial Independence

October 9, 2017 By Stephen Nelson CPA

Picture showing two paths in a weed, a representation of small business entrepreneur route to financial independence

This post talks about reasons to avoid the small business entrepreneur route to financial independence. I want to talk about this topic because … [Read more...] about Small Business Entrepreneur Route to Financial Independence

Filed Under: New business, personal finance, Strategy

Business Education Deductions

July 3, 2017 By Stephen Nelson CPA

Picture of a man generating a business education deduction by reading a book under a tree

A couple of times recently, I’ve talked with taxpayers about their business education deductions. And they have questions. Some small business o … [Read more...] about Business Education Deductions

Filed Under: business taxes, individual income taxes, management, Strategy

Eleven Profit Building Technology Tools

February 13, 2017 By Stephen Nelson CPA

Picture of hand tools on a blue wooden table

This blog post talks about eleven profit building technology tools we're using in our CPA firm. But let me explain why I'm posting this. Because … [Read more...] about Eleven Profit Building Technology Tools

Filed Under: management, Strategy

How Hourly Billing Problems Destroy Profits

October 24, 2016 By Stephen Nelson CPA

Picture of Omsk, Russia - September 20, 2015: three leaders of the marathon running along the embankment of the Irtysh river during Siberian international marathon

I’ve talked a lot over the years about how hourly billing problems can destroy profitability in small service businesses. But a new service business ow … [Read more...] about How Hourly Billing Problems Destroy Profits

Filed Under: management, New business, Strategy

What’s Wrong with the Economy

September 6, 2016 By Stephen Nelson CPA

Picture of a key unlocking ia puzzle piece

Have you followed or heard about Robert Gordon’s diagnosis of what’s wrong with the economy? I read Gordon’s book, “The Rise and Fall of American Gr … [Read more...] about What’s Wrong with the Economy

Filed Under: management, New business, Software, Strategy

You Should De-Localize Your Small Business

August 29, 2016 By Stephen Nelson CPA

Picture of a bunch of global ball toys

Can I share an odd idea with you? And I know this is maybe going to sound crazy… I think you need to stop thinking about your small business as a l … [Read more...] about You Should De-Localize Your Small Business

Filed Under: management, Strategy

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Featured Posts

Washington millionaire tax creates two marriage penalties

Washington Millionaires Tax Marriage Penalty

The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read More...] about Washington Millionaires Tax Marriage Penalty

Washington state millionaire tax statistics

Washington’s New Millionaires Tax Statistics

Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read More...] about Washington’s New Millionaires Tax Statistics

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

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