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Latest Musings
Today’s startup world is focused on success. Lessons are drawn by studying the accomplishments of Silicon Valley titans. Pitch decks are crafted to mimic those of Google, Amazon and others. A recipe for success? Perhaps. Yet, I would argue that more can be learned from entrepreneurial miscues and, yes, even failures. My blogs here have that predisposition. Successes are still interesting . . . but failures can be fascinating.
The Two Percent Solution
To prevent the stalemates associated with 50:50 partnerships, consider these solutions. They could save more than just your business.
50:50 Partnerships Seldom End Well
Thinking about forming a 50:50 partnership with a friend? Think again. Voting stalemates can put paid to your friendship and your business.
Year End Adjustment Surprises
This is a tale of year-end adjusting entries: The unfinished, the unseen and, most memorably, the unforgiveable.
Closing Tasks, Post New Year
Once you’re reconciled accounts, paid employee bonuses, and completed other year-end closing tasks, tackle these tasks next.
The Real Year-End Closing Work
The preparations are done, now it’s time for the real, year-end closing work. Reconciling all the balance sheet accounts and schedules.
Year End Closing, Next Steps
Here are three year-end closing tasks to complete before December 31st. They will help you make more informed tax & financial decisions.
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