Since
1992,
NSPG has been providing the tools that allow contractors to
increase profits and minimize business hassles. With our
simple-to-use-tools, you can make being a business owner
what you always wanted to it be -
successful, profitable and rewarding.
Everyone at NSPG would like to wish you
a
Merry
Christmas and Happy New Year.
In this issue, we will review a few of the traditional
items that we all need to consider as we wrap up another
business year. These include last minute tax and
business considerations like getting your numbers right,
reducing last year's taxes, and moving any planned
purchases into this year to take advantage of the tax
benefits right away.
Year
End Business Tips
As we all rush to make
adjustments in our businesses to deal with the slow
economy, we must remember to take care of the tried and
true methods of saving on taxes and preparing the
business for the new year.
All of the cut-backs in
the world will not make up for prices that have not been
set properly. Now is the time to Crunch your
Numbers to set a profitable price, and print your own
Flat Rate books to help make the sale.
-
 Update
Your Marketing: As the year ends and you
review your sales results, be sure to reassess your
marketing efforts. See what's really
generating profitable sales, and decide how to
reallocate your resources to get the most bang for
your buck.
-
Plan Ahead: Review your
numbers with your accountant, and get things in
order for a fresh start next year. While most
accountants know little about the details of your
business, they should know how to set up a
financial plan to meet your profit and growth
goals.
-
Loss Carryback: If your
business had a loss for this year, talk to your
accountant about taking advantage of the often
confusing
IRS rules on deducting this year's losses from
the previous two (or maybe three) years' profits.
If you don't want to get back some of the taxes you
already paid, you may be able to reduce what you owe
on your future profits.
-
Crunch
Your Numbers: You have another year's worth
of financial information that you can summarize in
Numbers Cruncher. Do a quick update of your
numbers, and you'll be ready to confidently start
the new year knowing that your prices are where you
need them to be. Maybe it's time to set up
some loss leader provisions to help win some of
those competitive jobs and build your customer base.
-
Retirement Plan: Make your
contributions to your retirement plan. If you
don't have one, set one up. You may not have to actually fund it
until your taxes are due. This will
not only provide for your future, but could reduce your
tax bill for the current year.
-
Do It Now: If you need a
new piece of equipment or new Flat Rate Price Books, get them now.
As a business expense, they can reduce your tax bill,
and you get the added
 benefit of working more
efficiently. If you have business expenses
that will come due in early January, pay them in
December to accelerate the deduction into this
year's taxes.
-
Donate Now: If your
business is not a C corporation, any donations you make
now will probably reduce this year's tax bill.
Take some time now, and you can save money on
your business
purchases and taxes, and make a good start in the new year with
accurate, profitable prices.
Be sure to
consult your financial advisers before implementing any
of these money saving ideas to be sure they apply to
your specific circumstances.
- - - - - - -
Give Mike Conroy a call to
discuss your business, your numbers, your performance
benchmarks, or your flat rate
books. Take advantage of his experience working
with hundreds of companies like yours to help you achieve your own business success.
Measure Monthly, Adjust Quarterly
& Achieve Annual Profit Goals
Christmas and the Trades
Here's a little e-book that we have highlighted in the
past that may have a lesson for many
members of the trades. Could it be a fairy tale
that warns against Going Broke
with the Going Rate?
The Plumber and the Wishing Well
A plumber doesn't have enough
money for his children's Christmas presents. His friend, Tupo, discovers a secret wishing well. The wishing well had broken down
so it can't grant them their Christmas wishes. Tupo tells them they need a plumber to repair it.
When the plumber arrives to do the
job, the little people offer to pay him lots of money
that he could use for his children's presents. He is
very good at fixing broken pipes and leaking taps but
can he repair a wishing well? If he can, everyone,
including his children, are going to get their Christmas
presents and have their best Christmas ever.
We found the e-book
listed
here for a 25% discount.
On-Line
News
 Plumbers bring Christmas to Chattanooga
Company Holiday Gifts Going to Salvation Army Instead.
Electric Santa
Plans to get California Schools off the Grid
First
Active Chilled Beam System in USA.
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In This Issue |
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Call today to get your own Flat Rate Price Books
printed by the experts at NSPG.
No software needed.
800-841-8542
Numbers
Cruncher
National Standard
Price Guide
Keep your company
where they can find it!
Magnetic Calendars
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The freebie of the month is a web site or
product that we feel gives you something worth looking
at or using that costs you little or nothing.
Dropbox
lets you store and sync files online and between any
computers with an internet connection or on your
network.
Dropbox
works simply by dragging a file on your computer into a
Dropbox folder that is then synced to the web and the
users' other computers with that have Dropbox installed.
Files in the Dropbox folder may then be shared with
other Dropbox users or accessed from the web.
The free
Dropbox account includes 2 GB of storage. Dropbox
file transfers are secured by multiple layers of
encryption, so your information is safe. Files
accidentally deleted from the Dropbox folder can be
recovered from any of the synced computers.
Dropbox
uses Amazon's S3 storage system to store the files for
high security and reliability.
If you have
a favorite Free site, let us know.
nspginfo@nspgweb.com
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Quotations
The
true measure of a man is how he treats someone who can
do him absolutely no good.
Samuel Johnson
I know
that there are people who do not love their fellow man,
and I hate people like that! Tom Lehrer
The first
half of our lives is ruined by our parents, and the
second half by our children.
Clarence
Darrow
Sometimes
when you look in his eyes you get the feeling that
someone else is driving.
David Letterman
We hang
the petty thieves and appoint the great ones to public
office.
Aesop (620 BC - 560 BC)
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