Free Business Plan Review Offer


I must be crazy.  On April 16th, I posted an offer on Craigslist for a free business plan review.  I wouldn’t write it for you but give you creative criticism from the point of view of a potential investor or loan officer while also testing the feasibility of the plan.  There were NO takers.  IContinue reading “Free Business Plan Review Offer”

Starting a small business Part 9


How much money do you need to start a business? How do you make a small fortune in the restaurant business?   Start with a large fortune.  That one kills at most CPA gatherings. Lots, to answer my first question.  When starting a business, you need to figure out what you need including capital equipment,Continue reading “Starting a small business Part 9”

Embrace the Executive Summary – The Accelerators – WSJ


Embrace the Executive Summary – The Accelerators – WSJ. This is horrible advice for 99% of small business startups.  If you’re blessed with coding skills and an incubator, go ahead and follow this advice.  If you are starting any other kind of business, with YOUR money on the line, you need to build a budget/plan.  Check outContinue reading “Embrace the Executive Summary – The Accelerators – WSJ”

Starting a small business – Websites


Check out a free webinar happening now.  Click here now.  I should have shared this earlier.  It is full of great ideas.  It’s free.  No one is trying to sell anything, except a download of the video.  If you have time, check it out. I’m stuck on hold with IRS and taking notes from webinarContinue reading “Starting a small business – Websites”

Starting a small business – Restaurants – UPDATED


Just don’t.  “When I save some money (or inherit it or win the lottery), I want to start a little Uzbek restaurant where all my friends can come and hang out.  It will be like a party every night.”  How about: “I can cook so I can open a restaurant.” A successful restaurant might be theContinue reading “Starting a small business – Restaurants – UPDATED”

Starting a small business Part 8


What business should I start? Harking back to one of my early posts, does the world really need another __________?  Fill in that blank with the type of business that you are thinking of starting.  I now know that the world really didn’t another CPA firm specializing in individual tax preparation and small business accounting.Continue reading “Starting a small business Part 8”

Starting a small business – Taxes Part 1


I should be finishing a third response to the IRS for a client under audit.  The response has me so angry and frustrated that I decided to start a new thread.  By the way, I’ve had 3 clients get audited in 10 years of having my own firm.  That’s 3 out of about 3500 taxContinue reading “Starting a small business – Taxes Part 1”

Starting a small business Part 7


Do what you love and the money will follow. Excuse me while I wretch.  I love sleeping and drinking beer.  I don’t think following either of those loves will result in any success.  Unless… You should be passionate about your business idea.  Don’t let the passion blind you to the obvious necessities of finding customers,Continue reading “Starting a small business Part 7”