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Monthly Buzz #31
Transform Your Business
November 2004


FEATURE:
Ideas Are the Lifeblood of Your Business

BUSINESS DEVELOPMENT CORNER:

TAX BRACKET:
Determining Gain or Loss on Sale of an Item


Feature:

Ideas Are the Lifeblood of Your Business

Every great business was once an idea in someone’s mind. Of course, that’s not all there is to it, but it’s the idea that is at the source. And it’s the continual stream of ideas that keep a business vibrant and give it a sustainable competitive advantage.


Business Development Corner:

Defining Your Company's Vision

Having a clear vision of where you want your company to go, what you want your company to do for customers and team members and how you will assess whether you have made it or not are essential for performing high and achieving your goals.

Time For a Change...And Quickly

While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat profits and lead to business failure.

Managing Debt

There are several strategies for small businesses with large debts or financial struggles.

Financial Statements

When financial statements are used properly they will set off early warnings of impending dangers. Here are some of the basic types and how to understand them.


The Tax Bracket:

Determining Gain or Loss on Sale of an Item

- Mitchell Kirkpatrick

To determine the amount you might gain or lose on the sale of an item, it is necessary to calculate the amount realized less the adjusted basis of the asset sold.


Memorable Quotes:

"A life spent making mistakes is not only more honorable but more useful than a life spent doing nothing."
-
George Bernard Shaw

"We cannot solve our problems with the same level of thinking that created them." 
- Albert Einstein

"A person who graduated yesterday and stops studying today is uneducated tomorrow."
- Author Unknown


DISCLAIMER
Information provided in this publication is intended as general information only and should be considered carefully for your own business situation before use. This firm and any associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.
 

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