The Value of Creating Versus Consuming

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Never retire. I repeat – never retire. Retirement means what? It literally means the act of retreating, withdrawing. I hate the word. A good friend of my wife and mine is 90 years old and working daily. I will never forget his expression: “I will retire when I expire”. His mind is sharp, his health


The Matching Principle and Creative Accounting

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One of the basic principles of accounting is called the matching principle. It simply means that expenses must be recorded in the same period that the related revenues were earned. This is usually fairly simple and straightforward. But the matching principle has a very, very dark side (you read that correctly) that results in real


Create a Niche and Get Rich

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In business focus is everything. And the challenge is this – business owners are very attracted to shiny objects! They are creative, often marketing and sales focussed, and they love new ideas to generate money. Entrepreneurs Love New Things To tell an entrepreneur to limit their business to one thing is like telling a drunkard


The Crucial Mindset of The Entrepreneur

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The other day I had the opportunity to speak with a young man who had recently purchased his parents’ business. He was determined, hard working, resourceful, and overwhelmed. He was overwhelmed because he was doing it, doing it, doing it – 14 hours a day, 7 days a week, and it was affecting his health