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  1. CareCPA

    Major Quickbooks Price Increase. Alternatives?

    I actually can't believe you're using QBO for that quantity of SKUs. Does it actually provide you useful information? For 15k SKUs, I would consider an actual inventory software, or ERP system. With that many products, your sales should be in the tens of millions, which would justify better...
  2. CareCPA

    Major Quickbooks Price Increase. Alternatives?

    What's your SKU count?
  3. CareCPA

    Kill Bigger Incubator

    MARKETPLACE 
    I don't know @Kak personally, and I haven't worked with him before, but I've seen some of the effects he's had on @Scot's business. I would recommend this to anyone that has a good business idea and is looking to succeed. I may need to hustle to see if I can flesh out some ideas that have been...
  4. CareCPA

    New Concept in Lawn Care Start Up. Need Advice!

    If you do this, please don't reach out to me to do your tax return. How would you ever keep track of the ownership percentage of all the partners/owners (needs to be calculated per ownership unit per day)? Your returns would be 1,000 pages thick, even with just a couple hundred clients/partners.
  5. CareCPA

    Doing $75,000 USD Per WEEK (Service Business)

    GOLD! HOT! EXECUTION 
    How do you build your prospect list for cold calling?
  6. CareCPA

    What's Value of Companies Under $100K Net

    If it's truly built on your reputation as the owners, then it's worth very little. I can go buy a tax practice, but if the clients really liked the person that's selling, there's zero guarantee they will stay with me. That's why it's common to see an earnout based on client retention.
  7. CareCPA

    AMAZON FBA - The Journey Begins

    EXECUTION 
    Ha, I know, I keep thinking about it. I know I should, I just haven't been able to pull the trigger yet. I already know it will be worth it since I have the sourcing book.
  8. CareCPA

    AMAZON FBA - The Journey Begins

    EXECUTION 
    Every time you post I ask myself why I haven't gotten your labeling book yet. I still don't have a good answer.
  9. CareCPA

    Question: Sale Closing

    You can set your own terms. I would not give them payment terms (i.e. net 30) until you have an established relationship with them, or if you can pull credit history through something like Dun and Bradstreet. You can ask for a deposit, they may not want to give one. That's up to you to...
  10. CareCPA

    [PROGRESS] Bekit's Progress Thread

    EXECUTION 
    I appear to be a little late to this party, but I'm going to jump in anyway. I would worry 0% about this. Setting rates will come with experience. There are people I over-quote, and people I under-quote, it's a continual learning experience. If I find people are consistently saying I'm too...
  11. CareCPA

    $100k 2017

    EXECUTION 
    I can't speak to @biophase's method, but in general: - Order multiple samples and competitor products (if they exist) - Actually use the product - this step is vital - Determine what works and what doesn't - Make changes and get new samples - Test again - Once happy, consult with family and...
  12. CareCPA

    Found a motivation! I want to go live in Brazil!

    HOT! MINDSET 
    This is essentially it. Here is another good publication for details: https://www.irs.gov/pub/irs-pdf/p54.pdf
  13. CareCPA

    Metropolitan/Expensive Areas off limits to New Investors?

    It depends on how you manage. I have properties over an hour away. I have a management company that takes care of everything. We renovated them when we purchased, and the company takes care of maintenance for a price. It depends on how your numbers look.
  14. CareCPA

    Metropolitan/Expensive Areas off limits to New Investors?

    In a lot of the "expensive" markets, it makes more sense to rent than own. Have you considered buying a cash-flow positive investment property, and then renting a place to live an an area you would actually enjoy? Does your investment have to be owner-occupied?
  15. CareCPA

    Searching for private money tips and tricks to finding the right investor?

    What a slacker. It's here EXECUTION - [Progress] - Getting Angel Investment
  16. CareCPA

    Is it allowed to share client's work on social media, after modification?

    MARKETING FTE SOCIAL MEDIA 
    I would always get permission first. Once you have permission, periodically check in with them to make sure it's still ok.
  17. CareCPA

    90 Day Cold Calling Challenge

    EXECUTION 
    I would kindly suggest changing tactics. You've made a lot of calls, you understand the basics of cold calling, and you're not as anxious about actually making the calls. Now it's time to move on and research your contacts before calling them. If you continue to call people who are one-man...
  18. CareCPA

    Bookkeeping Needed - Xandoo.com?

    PEOPLE 
    I'd be interested to hear how well they do. Their top package is only $300 a month. If you're doing millions in sales a year, can they really handle that for $300 a month (including unlimited tax planning)?
  19. CareCPA

    Looking for House Hacking Advice

    HOT! REAL ESTATE 
    I did this too. My first house, the mortgage payment was something like $600 or $700 a month (including ridiculous flood insurance). I rented out a room for $400 a month. I could have rented out the second room and paid my entire mortgage, but the house wasn't that large, so to share it with two...
  20. CareCPA

    Unpopular Opinion: "Give Value for Free" is Bullshit More Often Than Not

    NOTABLE! MINDSET FTE 
    For our service business, it's awful. I would gladly give away the first month of accounting services for free - it lowers the risk and commitment for new clients. The problem is, most of the work is upfront. I usually need to clean up the financials to even begin doing their accounting. One...

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