DBA's Weekly Publication:
QUICK HITS FROM MEMBERS CONCERNING THE STATUS OF BUSINESS : “About where expected.” “Last quarter of the year is the busiest.” “Things are changing.” “Ship at least 2 weeks prior to 12/25/16.” “Better year, than last.” “Transition to a new company has been good.” “Busier than ever.” So, who said what?.
Fred Badyna, DBA’s longest serving member, introduced the Great Flydini, but due to technical difficulties he was not able to perform. So, Fred reminded us that according to US Government prognostications, taxes will be forever increasing in order to pay for services and debt. To offset some of this taxing sting, one needs to utilize a vehicle for creatiing tax free income that can be accessed in retirement. Also, heath care is a major expense as one grows older and obtaining long term health care insurance is a major consideration. Fred has the vehicles that provide future tax savings and long term care needs, so don’t wait until it is too late, call Fred.
If you are at least 62 years of age and have significant equity in your home, a process for accessing that equity without incurring note payments is a “reverse mortgage”. Herb Ziev is the master of the reverse mortgage and explained the priocess at Tuesday’s meeting.
Basically, depending on one’s age and the equity value in one’s home (and the home’s value) a lender will lend a percentage of the home’s value to the owners. As long as the owners live in the home, pay the taxes and insurance, and maintain the property, the loan is not repaid. If these contingencies are not met, or upon the death of the owners, the loan is then required to be paid. The loan is non-recourse and the proceeds are not taxable. If this sounds like you are someone you know, contact Herb..
Lucinda Ruch enjoys setting up small-medium business owners on LinkedIn and helping them grow their business in a very state of the art progressive way. She provides consulting & training services, specializing in business improvement and LinkedIn. Her focus is on how LinkedIn can improve your business throughout your business and not just marketing and sales. LinkedIn is a free website and billboard and Lucinda can assist in maximizing its effectiveness for your business.
Shontaye Hawkins, author of: Profit is the New Black – Big Money Strategies for Entrepreneurs, spoke about eliminating money leaks and income barriers in a business. Consistent action is required to make money and one must be intentional in their business to take it to the next level.
She recommends eliminating services you aren’t using and negotiating with vendors for a better price:
Our very own David Thompson provided Tuesday’s program. David’s company, Proforma Impact Graphics, provides promotional products to businesses to assist in marketing , without paying a fee to a consultant.
David works with customers to integrate promotional products as part of an overall marketing program. Sixty-eight percent of customers leave a business due to perceived indifference. So, don’t be indifferent about marketing and contact David for a professional evaluation of your marketing needs and requirements. SEE DAVID ON YouTube: https://youtu.be/ZybnAdeKRcE.