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Up a 401(k) plan. even if you don t contribute to it? even if you don t contribute to it, as long as it s set up for employees to use you get the tax credit for doing it. only for companies with less than 100 employees. that s most of our audience. if you set up a 401(k) plan you as a company don t need to contribute. can be a schs ervice. the government trying to encourage. retirement savings is a huge crisis in the country. the government is trying to encourage us to save more money. if you do it, we ll give awe tax credit. it s a credit, not a deduction. whatever taxes you owe, you take it right off the top. number three. i want to remind people. i remember when he set up ours, it s a little complicated. you got to talk to your adviser and accountantant people set it up for you easily. you need to understand. finally, the work opportunity tax credit. a big deal. ....
Of all the rule changes. it might benefit you to change status. do the work now so you re ready to go in 2019. exactly. number one. capital equipment you talk about. correct. accelerate into depreciation. you can spend up to $1 million on capital equipment. j.j., you don t really is a to paper for the stuff. put a down payment down, finance the rest. still historically low interest rates. get it into service by the end of the year. boom. get a full year s deduction up front. a really big, big deal. a big deal up to $1 million. buy that capital equipment is number two. number three, if you don t have a 401(k) plan, get a freakin 401(k) plan. every business should have it. benefits business owners and employees. very inexpensive to set up and because of tax reform you have an encouragement. you get a $500 a year credit for the next three years, a credit, on your taxes, just for setting ....
Her company sells all kinds of juices and smoothies and has a make your own salad bar. thank you so, so much for sending that in, dawn. we love seeing your picture, and best of luck with your business. thank you so much for joining us today. here s something i ve been thinking about. if you get a chance to listen to the podcast, ben chestnut talks about a time his business was very stressful and bringing that stress home without even realizing it. i hear this from a lot of ceos and their partners at home. so what we all need to remember is that work is hard. sometimes it s really fun and sometimes it is really complicated. but we have to think about what we re bringing home with us, and talk to people about it. right? talk to your family about it. talk to the people in your business about it. talk to friends, because we all go through this at some times, and very honest about once he realized it, able to talk to his wife about it and everything turned out fine. ....
To get shiny object syndrome. all the things come in your way. three things to do to evaluate he s opportunities and figure which to take. first, does it align with your strategy? oftentimes we confuse tactics with strategies. strategies, analyze customer base, segments, to figure whether there s a product fit. second thing can you do is to ask yourself what would i have to give up? entrepreneurship isn t a big buffet to keep piling on new tasks like you would mac and cheese. you have to give something up. so is this opportunity going to help you get ahead more than you re giving up? the last thing you freed to nee does this opportunity align with my values? the big values on motivational posters aren t just for looks but help you make decisions. if it meet those things, willing to give something else up and a new tactic, not a new strategy. i say find a way to say, yes. the year s coming to an end. business owners should be ....
Made by local cleveland artisans and craftspeople just like monica herself. growing up in cleveland, i saw how hard people work and how much they care about their city and their community. completely self-funded, for monica, this isn t just a side gig. it s a true passion project. i m lucky and i m grateful because i get to act, and then i get to use that cash, saying it blunltdly, use the cash to put into this and create a business. with her name front and center on all the labels, monica makes sure each and every item is something she wants to sell to her customers. people work hard for their money. i m not going to sell them junk, i m not going to make junk. if there s a bad batch of something, we throw it out. my standard is would i give this to my mom or my kids? if the answer is no, then it goes out. thinking of her fans as family led her to find new ways ....