Keys for a Small Business to Prosper in this Current Economy

“2011 Tax Changes and Opportunities”

“Remaining Calm and Maximizing Savings

On Your 2011 Business

And Individual Tax Returns”

   RBC Bank Weston                                                    RBC Bank Miramar

        4499 Weston Road                                                   14495 Miramar Pkwy

   Weston, FL 33331                                                     Miramar, FL 33027

                    Refreshments will be served                 

Presented by

Joseph S. Lania, C.P.A.

Your Tax & Accounting Experts

8963 Stirling Road, Suite # 1

Cooper City, Florida 33328

www.laniacpa.com

(954) 432-2299

joe@laniacpa.com

Please use this outline as a note pad. You will benefit by jotting down ideas about your specific situation as we go. You can then use this outline to later review YOUR situation

with your professional advisors.

Outline:

Keys for a Small Business to Prosper in this Current Economy

Remain calm, educate yourself, surround yourself and remove fear

Remain calm: No one knows your business as well as you do, and your customers need you there, providing your products and services, which they depend on.

Educate yourself: Lifelong learning is key here.  All businesses and industries evolve. All of them.  Stay on top of your industry and profession.  Stay sharp.  Stay vital and helpful to those you sell to (and we ALL are selling something to someone.. and they want it)

Consult & Develop a Strong Lifelong Network of Wise Advisors…

Surround yourself with trusted advisors who are both wise and compassionate.  Who do you know who are knowledgeable in those areas and you trust their advice.  Men and women who SHARE your values, your goals and “think like you do or how you want to be”… then, at some point, (just like your Dad with your first bike ride) allow yourself to think independently and trust your own judgment which you’ve compiled from those you’ve entrusted.

Remove fear:  There is a hesitation, a reluctance that will cripple you if you allow yourself to be controlled by the fear of failure.  Sure, ALL people will fail at some things at some point in their lives and THEY WILL LEARN from it.  (we actually learn more from our attempts that fail than we do our successes.. in my opinion) Point is, don’t be controlled by the fear which will paralyze your dreams. 

KEYS TO PROSPER IN ANY ECONOMY:

Go with strong basics and do them habitually well.  Establish daily habits based on simple, proven time-tested basics of business.

If you are new or thinking about a new business, see “ESTABLISHING YOUR SMALL BUSINESS” guidance attached.  It will allow you to start off on the right foot, and minimize failures.  It is a simple checklist of resources necessary. 

If you are an established business and having some difficulties now, then take some time to reflect.  Take some time to journal.  Take some time in honest consultation with your network of advisors.  Take a hard look at what has happened, what’s happening now, in your life and in your industry.  Trust your judgment.  Re-evaluate the industry, your capabilities, your strengths, your competition and your drive.  You may need to either strengthen your drive or find out where “they moved your cheese” before you plunge ahead.

As hard an indictment as this may sound, (please forgive me) sometimes you have to hear truths.  One truth is that there are people who aren’t equipped to be a parent or an entrepreneur.   It takes similar character traits to do both.  You need compassion, your need a determined drive, you need an enormous amount of time and energy to parent or run a business.  If you CURRENTLY do not possess the time, energy or drive to devote… you may want to “take a pass” for now.  Find some other outlet, another source of revenue or an occupation where your technical skills will be rewarded. 

There is a significant difference between owning a business and being an entrepreneur.  Owning a business requires that you contribute capital, knowledge, resources and assume some risks.  Being an entrepreneur has the additional requirements of having your skin in the game, your personal efforts and time devoted, and your unconditional commitment to the success of the business.

There are many similarities between being a parent and being an entrepreneur.  It is you who is fully responsible (parents have spouses and businesses have partners, each with their strengths and responsibilities, but in each EVERYONE has to take personal… personal responsibility for optimum success).  Owners of small businesses, in which they themselves “birthed”, will spare no resource in the success of their business. Financial, time and energy commitments are crucial.

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This is Joseph Lania CPA
Your Tax & Accounting Expert

We are now midway into the 2011 year
                                                           Have you checked your 2011 activity yet                                                           against the 2010 to see what changes you need to make?

Come on in, or give me a call, and together we will

see if any mid-course corrections should be made.
My clients are glad when they do, and...

You will sleep better each night,
knowing that things are done right.

Call us at (954) 432-2299

  office (954) 432-2299

8963 Stirling Road, Suite # 1, Cooper City, FL 33328

Your Accounting & Tax Experts !!