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Too Much Buffering? How to Structure Your Time, Systems and Accountability for Better Focus

The definition of a good Buffer Day is a day focused in preparation for upcoming Focus Days.  True “Buffer” Days are meant to be spent on delegations, putting out fires and working on the business so that when Focus Days come, we have the capabilities in place to truly focus.  Without careful planning though, every day can quickly become a Buffer Day, ever creeping into our focus time.

Growth takes a backseat because the majority of time is spent cleaning up urgent messes rather than focusing generating new revenue.  A friend of mine refers to this place in business as “Marshmallowland;” a place where time stands still and we operate in a chronic state of trying to move forward, but stuck in a sticky, grabby mess that keeps us immobilized and bouncing around endlessly in our business.   

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Too Many Ideas but No Follow-Through? How to Move Your Ideas Quickly and Easily to Implementation

The ability to (1) dream up, (2) create and (3) execute new ideas is the calling of all entrepreneurial leaders.  A healthy business operates and grows when the 3 legs of the tripod are in balance. As visionaries, we naturally and bravely bring the ideation, but typically struggle with the other legs: creating a plan for our ideas and committing to a plan fully to execute them.  When the three are out of balance, a chronic start-stop dynamic grows between you and your team, and if not managed correctly can lead to team-wide burnout and a total lack of productivity and feelings of progress.

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Utilize Kothar and Traction® Tools to Increase Productivity

LOVE | TWELVE, MARCH 2019

Kothar has found a way to copy Asana projects from one workspace to another, a feature not available from within Asana itself. You will need to create the target project in advance and the process requires some manual checking of project IDs but overall could be a great time saver. Essentially a PHP script that has been extended and made accessible via a front-end web interface, the process supports board-style projects and custom fields.

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Stay Safe With Google Chrome Password Checkup

KNOW | TWELVE, MARCH 2019 

Here's How Delete Messages You Regret Sending on Facebook Messenger

Facebook now lets you delete messages from old Messenger chats, a feature only Mark Zuckerberg used to have. Facebook launched a new feature in early February that lets you delete old messages inside its chat platform, Facebook Messenger. If you’d like to clean up your old chat history or have sent messages you may regret, there is an easy way to delete them. You can even delete newly sent messages if you act within 10 minutes of sending.

First, open the Facebook Messenger app on your phone or desktop and find a conversation with messages you would like to delete. On your phone, press and hold on a message or select the three dots menu icon on desktop version. Choose “remove” next to the message. If you have sent the message in the last 10 minutes you can select “remove for everyone” to make sure the messages disappear from the indexes of the people you’ve sent them to, not just your own history. CNBC

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How To LOVE Your Work

HELLO | TWELVE, january 2019

 

Happy Friday and February to you! It's the month of love and there's not much that can top the fulfilling feeling of doing work that inspires you. One of my favorite entrepreneurial thought leaders, Dan Sullivan of Strategic Coach® teaches that "the most successful people are those who have learned how to focus on and leverage their unique strengths. In other words, they build their lives around their abilities, not their disabilities." He began talking about his realizations as “Unique Ability®," the essence of what you love to do and naturally do best.

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Utilize Otter and CloudApp to Increase Productivity

LOVE | TWELVE, FebruARY 2019

Otter is the smart note-taking and collaboration app that business people, students, and journalists use to get more value from meetings, calls, video conferences, interviews, lectures, and wherever important conversations happen. Record conversations right from your phone or computer. Import or sync recordings from other services. Integrate seamlessly with Zoom. Get real-time captions and, within minutes, a searchable transcript synched with audio and photos plus speakers and key phrases.

Share or export voice notes to inform others and get on the same page. Create groups to invite collaborators and keep organized. Otter’s free version includes 600 minutes of transcription per month or enjoy premium service with 6,000 minutes of transcription for $9.99 per month or $79.99 annually. Otter also offers a student discount for $4.99 month.

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New Tax Break for Small Business Owners

KNOW | TWELVE, FEBRUARY 2019 

This New Tax Break Can Make a Big Difference for Small Business Owners

The IRS regulations on Qualified Business Income was a major piece of the Tax Cuts and Jobs Act. This deduction is available for tax years 2018-2025 to eligible individuals, estates, and trusts that own interests in pass-through entities. For QBI deduction purposes, pass-through entities are defined as sole proprietorships, single-member (one owner) LLCs that are treated as sole proprietorships for tax purposes, partnerships, LLCs that are treated as partnerships for tax purposes, and S corporations. While the QBI deduction is available to individuals, estates, and trusts, the proposed regulations refer to all three as “individuals.”

Qualified business income means the net of qualified items of income, gain, deduction, and loss from an eligible business that’s operated via a pass-through entity. The deduction does not reduce your adjusted gross income (AGI). In effect, it’s treated the same as an allowable itemized deduction. The QBI deduction also does not reduce net earnings from self-employment for purposes of the self-employment tax nor does it reduce your net investment income for purposes of the 3.8% net investment income tax. The bottom line is that the QBI deduction regulations are lengthy and complex. This column only scratches the surface of the proposed rules. You may need to employ a tax professional to help you sort through the details and get the best QBI deduction results in your specific circumstances. - MarketWatch

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Let it go!

HELLO | TWELVE, january 2019

 

Happy Friday and welcome to the start of another amazing year together! 2018 will be so hard to top, but this year, I personally am focusing on "taking the time to take it in." This means extending the energy to be present, it means hyperfocusing on what I am saying yes to and being willing to say no to most everything else.

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Amazon’s Foray into Healthcare

KNOW | TWELVE, JANUARY 2019 

Translating the New Tax Bill for Small Businesses

Business owners have many questions since the passage of the massive new tax bill. This article outlines what’s in the new provision, who it affects, and why you likely don’t need to change a thing to benefit. The most important outcome of the new tax law (officially the Tax Cuts and Jobs Act, or TCJA) was to give a large, permanent tax cut to corporations. But most businesses in the US are small businesses, not large corporations. So rightfully, Congress introduced a provision into the TCJA to create a little more parity, called the deduction for Qualified Business Income (QBI) (also known as Section 199A). This provision, unlike the corporate tax cuts, is strictly for businesses known as “pass-through entities.” In terms of taxation, there is only one corporate entity that actually pays taxes, the C-Corporation.

A C-Corporation is usually very large and is primarily structured in order to take on shareholders, as a public company or one that is traded on the stock market. Every other type of business, from a tax standpoint, is known as a pass-through entity. The new deduction for Qualified Business Income (QBI), allows you to deduct 20% of your “qualified business income” from your total business income. For example, if I made $100,000 in profit from selling paintings as an artist, I get to deduct 20% of that — ie, $20,000. This benefit is phased out for individuals making between $157,500 ($315,000 if married) and $207,500 ($415,000 if married) in a number of service-based fields. There are a ton of details and restrictions in this particular new provision, especially if your income falls within the phase-out window, so know that you need to do research or talk to your accountant before you apply it. - Hyperallergic.com  

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Utilize Hopper and PackPoint to Increase Productivity

LOVE | TWELVE, JANUARY 2019

Hopper – Booking travel just got easier. Hopper helps you book flights and hotels at exactly the right time by predicting prices with 95% accuracy up to one year in advance. No ads, no spam, no stress — just accurate predictions and the easiest way to book and save. Plan less, travel more.

Hopper has helped 30 million travelers book trips around the world, saving them more than $1.8 billion to date. The Hopper app will monitor prices for you and you can book in just a few taps. Book flights and hotels, watch trips and be notified of changes in price to help you save up to 40% on travel. Free to download directly from the Apple App Store or get it on Google Play. 

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