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Aug

Lessons Learned – Lesson 6: Developed & Grew The Income Tax School

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Here is Lesson Six in my video series in which I talk about diversifying your business in order to maintain success. Enjoy, and please share and comment -

Lessons Learned:

Every business has a finite life cycle and must be reinvented periodically to survive.
An ideal diversification is a complementary business in terms of seasonality and the use of shared resources — like bookkeeping, payroll, financial services, real estate.
A profitable, seasonal and complimentary business can do wonders for cash flow.
In order to survive, a business must constantly adapt and change to ensure growth in a competitive environment.

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Aug

Lessons Learned – Lesson 5: Community Service

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Here is the latest video in my Lessons Learned series. This one relates to the lessons I have learned when it comes to a business’ role in community service.

Here are the key lessons:

Contributing to the community in which you operate is good for business. Business and social goals can often be attained simultaneously for the same cost.
It is important to encourage and enable your employees to make social contributions and be sure to capitalize on the recognition received by you, your employees and your company.
Achieving success as a community volunteer can be very gratifying and can also level out the psychological roller coaster.

Please check out my previous videos in the Lessons Learned video series and be sure to comment and share the lessons you’ve learned throughout your career.

Categories : Entrepreneurship