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Steve Jobs – Entrepreneurs

Steve Jobs 12 Most Important Quotes for Entrepreneurs. 6. Your customers dream of a happier and better life. Don’t move products. Enrich lives. 8. It’s only by saying ‘no’ that you can concentrate on the things that are really important. On number 6. When you design your business, think more about how you can make your target market client or customer's life better and less about how to peddle products or services.…

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Don’t Be So Hard on Yourself

Chris Brogan addresses an issue for many entrepreneurs - Failure. The other thing we seem to really get wrapped up in is our failure. If we shoot for something and it falls flat, or if we attempt something and it just totally breaks, then we seem to think that's all she wrote, we throw in the towel, and we spend a HUGE amount of time thinking really mean and bad thoughts about…

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Dynamic (not Static) Estate Plan

CJ Alvarado has a great post about intentional design. I remember hearing a story about a group of American car executives that went to see a Japanese assembly line.  At the end of the line, the car doors were placed on hinges just as they were in the American factories.  However, in the US, a line worker would stand at the end of the line and use a mallet to make sure…

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Gift Taxes and Funding Your Business

Deborah Jacobs in Forbes. 6 Ways to Give Family and Friends Financial Aid. This is an easy to understand take on gift tax and estate tax rules and how to help a family member without being taxed. If you are starting a business and need capital, and your parents have the resources, they may be a good source of funding. With the erratic stock market and real estate still unstable, offering your…

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Older Folks and iPads

If you have a business or practice that you are shifting to or already is platformed on the web, don't think your market must only be Gen X or younger. Noah Davis at Business Insider reports that older people are buying more and more ipads - over 37% of the market.                   One element in Apple's success the last decade is the number of…

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Respect the LLC or Get No Protection

Jay Adkisson in Forbes. Iowa bankruptcy court ruled against owner of single member LLC because LLC was not adequately capitalized and owner did not treat it as distinct entity. First, no business entity provides any more protection than it is treated as a bona fide and independent commercial operation. So, if somebody thinks that they can just spend a few hundred bucks for an LLC and just continue to conduct business as…

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Notes on Starting a Business

Nell Merlino. 9 Things Every Entrepreneur Should Know Before Starting A Business. (Click for the list.) The one thing that no one can teach you [is] the two R’s: risk and resilience,” says Wilson, who founded her company in 2000. “In order to become an entrepreneur, you must be willing to take a risk—to throw away the comfort of a regular paycheck—and you must also be a resilient person, to stand firm…

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Tax Relief for Clergy

Under the parsonage allowance, provided in the tax code since 1921, an ordained minister may live tax-free in a home owned by his or her religious organization or receive a tax-free annual payment to buy or rent a home, if the congregation approves. In a 7-6 ruling, the US Tax Court recently ruled that Phil Driscoll, a minister in Tenn., was right in applying the parsonage allowance to his second home (as…

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Think Twice About Law School

Sui Generis posts about the lure of law school and the harsh reality. I've talked at least 20 people out of law school over the years. Reason. Simple. It's very expensive. It's very hard. It's very stressful. And most lawyers don't like what they do. Before you invest 3-4 years of you life and saddle yourself with a huge student loan debt, do the research. Spend lots of time with lawyers and…

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Myth of “Best Practices”

"Best Practices" is what works best for you, based upon your unique personality and talents, not what is best for the guy down the street who is doing a seminar. Most entrepreneurs are less follower and more, as Seth Godin says, artist. You can't be an artist when you are trying to fit your square peg into someone else's round "best practices" hole.

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