Have You ever been Anxious about your Business Taxes?

I sure have!!!  Hi, I’m Garrett Takach.

I’m a competitor on NBC’s American Ninja Warrior and an entrepreneur who founded a Ninja Park fitness gym 5 years ago. 

I’m great at everything 'Ninja' and helping others achieve their fitness goals, but I struggle with the business side of my company.

So, I called George Black because he guides entrepreneurs like me.

My conversation with George:

(If you want to hear our conversation - raw and unedited, click the play button at the bottom)

I started by telling George that I am struggling with the accounting side of my business and I am stressed about making the deadline for taxes. I explained that I feel inadequate to be an entrepreneur because I can’t manage the financial side of my business.

Then I hear myself telling George that I hate doing the accounting and it seems to be killing my entrepreneurial desires. I know this has to get done properly for my business to continue, but how can I continue with this strain on my passions? 

Even I'm surprised by the intensity of what I am saying.

Ninja obstacles are the answer

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5 Differences Between Business Coaching and Business Mentoring

Business Coaches and Mentors

Staff members often look to owners and executives for guidance. Despite their education and experience, leaders don’t always know how to solve every problem. A business coach or mentor can help you run your company wisely. However, it’s vital to understand the differences between these two types of advisors.

Mentoring

A business mentor usually possesses more experience than a coach. He or she has probably overseen at least one firm for many years. This individual concentrates on providing general advice and inspiration. Proprietors frequently tell mentors about new ideas to confirm that the concepts “make sense.”

These professionals strive to build lasting relationships with the company leaders they serve. Rather than solely focusing on commerce, they can also discuss personal issues. For example, you might need advice on balancing business responsibilities with the rest of your life. Executives can escape isolation by confiding in their mentors.

Coaching

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The Value Ladder and What it Means for Your Business

Is your business leaving money on the table? What kind of options do your clients have when they want to make a purchase? If you haven’t created a value ladder for your business, then you’re probably not generating nearly as many sales as you could be.

How It Works 

Value ladders give your business structure and help you maximize profit by making different product or service options available at different payment tiers. The benefits of this are two-fold:

1. Clients have more options available, so they’re more likely to find an option that fits their needs.

2. As your clients grow, they can ascend up the ladder with your business instead of needing to find a new business that fits their needs

Essentially, your clients can find a free or very inexpensive option towards the bottom of the ladder. When they need more, they can move up to one of the more expensive options. Since they’ve already chosen your business in the past and benefited from it, it’s more likely that they will continue to choose your business to fulfill future needs.

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the-value-ladder-and-what-it-means-for-your-business

The Value Ladder and What it Means for Your Business.

You need a value ladder for your business, if you’re not generating as many sales as you could be.

  • Is your business leaving money on the table?
  • What kind of options do your clients have when they want to make a purchase?

How It Works

Value ladders give your business structure and help you maximize profit by making different product or service options available at different payment tiers. The benefits of this are two-fold:

1. Clients have more options available, so they’re more likely to find an option that fits their needs
2. As your clients grow, they can ascend up the ladder with your business instead of needing to find a new business that fits their needs

Essentially, your clients can find a free or very inexpensive option towards the bottom of the ladder. When they need more, they can move up to one of the more expensive options. Since they’ve already chosen your business in the past and benefited from it, it’s more likely that they will continue to choose your business to fulfill future needs.

Compare that to a business that has only one product or service at one price. Clients only have one decision to make – do they want to purchase it or not? If the answer is “no,” then they’ll have to find another business. Even if the answer is “yes,” they won’t be able to come back to this business in the future when their needs change.

Summary

Creating Your Value Ladder

Now that you have an idea of what a value ladder is, you can build one for your own business. Continue reading

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WordPress Resources at SiteGround

WordPress is an award-winning web software, used by millions of webmasters worldwide for building their website or blog. SiteGround is proud to host this particular WordPress installation and provide users with multiple resources to facilitate the management of their WP websites:

Expert WordPress Hosting

SiteGround provides superior WordPress hosting focused on speed, security and customer service. We take care of WordPress sites security with unique server-level customizations, WP auto-updates, and daily backups. We make them faster by regularly upgrading our hardware, offering free CDN with Railgun and developing our SuperCacher that speeds sites up to 100 times! And last but not least, we provide real WordPress help 24/7! Learn more about SiteGround WordPress hosting.Continue reading