<p>FInance is where you'll find help on common accounting and tax issues in the residential cleaning industry. </p>
My dad gave me this book when I graduated college, and it has served me well through my life. I still use these principles every day to grow my business. One of my all-time favorite business books is Dig Your Well Before You’re Thirsty, which is written by Harvey MacKay. My dad gave me this [...]
A tax reform bill being considered in Congress aims to reduce compliance burdens on small businesses by permitting them to use the simpler cash method of accounting. Does a casino count as a small business? How about a pet food manufacturer or a brewery? Congress is debating whether the $10 million revenue limit for the [...]
When we work without a business plan, we are forced to fly by the seat of our pantsDefinition of 'Critical Mass' A very important or crucial stage in a company's development, where the business activity acquires self-sustaining viability. When a company reaches critical mass, it is thought that they can remain viable without having to [...]
Taking the "easy" way out with 1099 workers can cost you much more than a visit from the IRS.In the newsletter of April 7th 2012, we again addressed the danger of recruiting workers as 1099 independent contractors. In doing so we highlighted excerpts from IRS publication 15-A defining how it determines what constitutes an independent [...]
Winding Up in the Penalty Box with the IRS Will Cost You More than 2 Minutes.Every time I hear so-called "experts" or misinformed consultants suggest that cleaning business owners can or should hire their workers as 1099 independent contractors - I literally cringe! This is not only bad advice, it is advice that could potentially [...]
Putting clients' price negotiations in reverse.The Achilles heel of many cleaning services is dealing with clients who want to negotiate price. If the client detects for one second that you are uncomfortable responding to her challenge on your price, you have an uphill battle. Very often it's not what you say verbally in response to [...]
DISCOUNTING YOUR PRICE IS TABOO - plain and simple.Many cleaning businesses have a habit of advertising "discount specials" or negotiating lower prices when their prices are challenged by potential clients. If you have viewed and studied my program or spoken to me about this subject, you know my thoughts on this topic as it applies [...]
Will you have to provide health insurance to your employees or pay a penalty starting in 2014?
A positive Weekly Recurring Revenue is proof your business is growing! In the business world, it's been said "You're either growing or you're dying." Your Weekly Revenue Gained is one KPI where, if you're able to get a positive number week after week, you're guaranteed that your business is growing. Follow along as business [...]
