On this episode of The Small Business Radio Show…
On this episode, we first talk about the secret weapon that small business owners are starting to discover: mindfulness and meditation. It’s already catching on at the New York Times! We’ll show you how mindfulness and meditation can be the key to being happier and more productive in your company.
Then, we talk about taxes. It’s a word that sends a shiver down the spine of every small business owner, especially this year with the change in the tax law, none of us really know what to expect. We speak with a tax attorney about the biggest tax changes affecting small business this year and what tax deductions you can potentially take advantage of.
Finally, what is it like to start an SAP business during the Great Recession and then 9 years later sell it? We talk to a small business owner about his lessons learned running his SAP start up.
Listen to The Small Business Radio Show
Segment 1: David Gelles is the Corner Office columnist and a business reporter for the New York Times. At the Times, he previously covered mergers and acquisitions for DealBook. Before joining the Times in 2013, he spent five years with the Financial Times. At the FT, he covered tech, media and M&A. In 2011, he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme. He is the author of “Mindful Work: How Meditation is Changing Business from the Inside Out”.
1:45 – What is mindfulness?
3:30 – Tangible benefits of mindfulness and meditation in the workplace.
4:30 – How can you bring mindfulness and meditation into your work?
6:15 – The action you should take to find mindfulness when you find yourself rushing and jumping from one task to another.
8:45 – Is Mindfulness main stream in the business world yet?
9:45 – Can I practice mindfulness and still use social media?
12:45 – What do you showcase in the Corner Office Column in the New York Times?
16:30 – David’s unique insight on the Bernie Madoff Ponzi scheme.
Segment 2: Steve Moskowitz, CPA is a tax attorney and respected authority on a variety of tax, legal and accounting matters and has been quoted by Forbes, the New York Times and CNN Money.
24:15 – What are the biggest tax changes affecting small businesses this year?
27:00 – Potential monetary benefits (in the form of tax deductions) to restructuring your business.
30:45 – Should you convert your LLC into a “C” corporation to take advantage of tax deductions?
32:00 – The new tax deduction you may qualify for if you purchased equipment after 9/27/2017.
33:00 – How have the deductions for meals and entertainment changed in the tax law?
34:00 – Are business owners going to be paying more or less tax in 2018 than years prior?
37:30 – The biggest considerations for small businesses tax deductions.
Segment 3: Yosh Eisbart has been an entrepreneur his entire life. At the beginning of Great Recession in 2009 with co-founder Michael Pytel, Yosh started NIMBL with $2000 – an SAP Business Software Consulting firm – and grew the business without any external funding to over 100 consultants for an eventual sale in 2018 to a global SAP Strategic buyer. Yosh is currently writing a book called “Start-up Sutras” – reflecting on 108 nuggets of experience gained during the NIMBL experience.
41:45 – Why did you decide to start an SAP business software consulting firm at the beginning of the Great Recession?
44:45 – The importance of being a thought leader, and being “a chef” as a start-up business founder
46:30 – Why the key to scale is “elevating and delegating” in your start-up
49:00 – Technical knowledge means nothing in the start-up world.
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