Changes to the Businessology Show

Posted by JasonBlumer on Jul 3, 2015 in Businessology Show

As Dan Mall already related, the Businessology Show is undergoing some changes. Dan Mall and I started the Businessology Show at the beginning of 2013 as a podcast to speak directly to the business needs and challenges digital agencies face as they operate in an ever-changing environment. It even expanded last year into a live Roadshow we held in San Francisco and New York. We saw agency owners allow a small community to challenge who they were, and begin following a new direction in their business. Lives were being changed and Dan and I got to witness it first hand.Honestly, seeing lives change gets pretty addictive. So I know I needed to double down on the purpose of The Businessology Show as I head into the summer of 2015. I'm ready for the Businessology Show podcast to become so much more.But alas, Dan Mall, is way beyond capacity and is…

Don't Sit Down In The Middle Of Your Workout

Posted by JasonBlumer on Jun 26, 2015 in

I just about died in my Crossfit workout the other day. If you don't know about Crossfit, the coaches are typically well trained, very involved, and interested in each individual's progress.Since I was sure I wasabout to die, I sat down on the box I was jumping on so I could catch my breath. Big mistake. That is a no no. You don't sit down in the middle of a Crossfit workout. Afterward, Jake said, "if I ever catch you sitting down in the middle of a workout again, you'll do an immediate 5 penalty burpee." Guess what? I won't make that mistake again! Burpees suck.Working out is like running a business because (a) it takes a long period of time to see your investment pay off, (b) you have to build your business consistently, or (c) you need a third party watching you to keep you…

The Value of a Community

Posted by JasonBlumer on Jun 23, 2015 in

You may know that I am part of a creative, entrepreneurial group of other CPA firm owners called Thriveal. It's a tight community, it's private, and it's only for owners of firms with a bent towards entrepreneurs. These people do crazy stuff. But they also encourage, coach, and challenge the members of the community in building their firms.It's hard to know where I would be without the encouragement, coaching, and challenge that they bring me on a day to day basis. In fact, being part of that community means part of my job is to participate, post in our private online boards, and let them challenge me. Staying engaged with the community is part of my work.Recently, I've been working with my community on some big things I'm looking to do in my own firm. True to form, the Thriveal community has challenged me, coached me, and encouraged…

5 Entrepreneurial Contrarian Truths

Posted by JasonBlumer on Jun 16, 2015 in

I'm learning what it is to be an entrepreneur. Better yet, I'm learning what an entrepreneur isn't. Some struggle to embrace what business ownership actually embodies. Often, entrepreneurship is not what we think it is, or (if we are honest) what we want it to be. Here are some entrepreneurial contrarian truths.1. Entrepreneurs exploit opportunities, not necessarily see them.Entrepreneurs have guts. They will take risks, and when they see something that could turn a valuable profit they will take it. They may wait, they may ask counsel, and they may do some research first. But entrepreneurs will exploit opportunities where others will not.2. Entrepreneurs don't work hard, they hire good people.Entrepreneurs are seeking to take time off, make room for thinking, and have zero emails in their inbox. They know that the outward appearance of 'busyness' is foolish and they don't fall for it. If someone can do…

The Dangers of Being The Owner

Posted by JasonBlumer on Jun 12, 2015 in

My good friend, Joey Brannon, business strategist and consultant, has a great podcast called Axiom Podcast. I was just listening to his recent podcast onTime Management and Boundaries for Bosses. It made me think about the dangers of being the boss. And I don't mean the boss is more likely to get shot if they run a gun smuggling ring. : )The boss has inherent powers and privileges that no one else has. No one is telling the boss what to do, so bosses often overstep their boundaries, and do things they shouldn't do without even knowing they are doing it. For example:1. bosses can make rules for the team that the boss doesn't follow2. bosses can create privileges for themselves that their team also needs (but the boss doesn't think about giving to the team)3. processes are fundamental to running any business, but a boss can ignore them…

Customer Feedback

Posted by JasonBlumer on Jun 9, 2015 in

I've just come back from a conference, and I have a few things on my mind as to how we may be able to improve our value to our lovely customers. Embedded deep inside the brain of our customers is a beautiful piece of information that could change forever how we serve, how we price and what our firm becomes in the future.It is a piece of information we are missing, not fully utilizing, and something I believe our customers are more than willing to give us (because our clients care about us too). That beautiful thing is Feedback.I want to know what our clients are thinking about our services. I want to know how to improve. I want to tell my team what our customers think about our firm. I want to change. If we could just ask "are we valuable to you and your business?" at…

Cyber Attacks on the IRS Website

Posted by JasonBlumer on May 29, 2015 in

Did you hear that the IRS was attacked recently by cyber hackers, and that the thieves accessed online past tax returns of more than 100,000 tax payers? Oops.The IRS's ability to monitor fraud is becoming increasingly difficult, while cyber attackers are becoming increasingly more adroit at their skills of bypassing the IRS sites. As reported by the NY Times, the IRS has lost more than 13,000 jobs since 2010, making it increasingly more difficult to enforce tax law, and protect the US from these types of attacks.As a note, the IRS will not email taxpayers directly, but will instead send any affected taxpayers a letter to offer free credit reporting for the victims.As part of our client's service with our firm, remember that we monitor and respond to all tax notices for the corporations and the individual owners of our clients. Please don't hesitate to reach out to our team…

The Deficient Organization

Posted by JasonBlumer on May 26, 2015 in

Of course, this Peter Drucker quote is true because all organizations are deficient. Meetings are just one way we highlight our organization's deficiency. For example, we don't know how well we work together as a team, or what we are really supposed to do as a company until we come together in a meeting. A meeting is stating a fact that we need help.Other factors create the need for meetings - lack of information, miscommunication, poor processes, a weak team, and many more. How can we lessen our need for meetings?1. Let people do their jobs. As a leader, your primary goal is to support a great team, not change their work or make the work look like you created it. 2. Anticipate the needs of your customer. We need information from all of our clients before we serve them, so why not create a few steps in your onboarding…

Time to Pay Your Quarterly Estimated Payment for June

Posted by JasonBlumer on May 14, 2015 in

When: Your second quarter estimated tax payment is due June 15, 2015.Why: Because our government is a "pay as you go" type of government. That means anyone earning money must pay tax on that money as they earn it. If you have a job, then you already know this. The government has your employer withhold money from your paycheck, which is a representation of what you owe by earning that paycheck.Who: You only need to make estimated tax payments on a quarterly basis if you expect to owe tax at the end of the year. All of our clients owe tax because they all make a lot of money.How:Federal: You can pay your quarterly estimated tax payments online. There are two locations to do this securely online: via bank draft at no cost: http://www.irs.gov/Payments/Direct-Pay via debit card with a $3.95 flat fee: http://…

Entrepreneurs Do One Thing

Posted by JasonBlumer on May 8, 2015 in

I love the insights Dan Sullivan (of Strategic Coach) brings. In the video below, Dan talks about the entrepreneurs' Unique Ability. This video is great in that it helps the entrepreneur focus on doing the one thing they do well.As Dan points out, when you find your Unique Ability, and begin making it your sole focus, you will begin achieving breakthroughs in simplicity, creativity, teamwork, and productivity. The simpler things become, the more the results of your Unique Ability multiply. How to Move Towards Your Unique Ability Make a list of 5 things you are doing right now that prevent you from achieving your Unique Abilityand actually drain your energy. Over the next 90 days, eliminate these activities. On the flip side, list the 5 things that you love doing the most, that bring value to others, and make you the most money. Over the next 90 days, do more of…