Taking risks by stepping outside your “Comfort Zone” is the primary way by which we grow. People are often afraid to take that first step. Comfort Zones are mostly about fear. Once you understand this, you will learn to enjoy the process of taking risks and how you grow in the process.
Below are several ways to assist you in going outside your “Comfort Zone!”
Learn what is outside of your comfort zone
Make a list of the items that you believe are worth doing but are afraid of failure & disappointment. Also, make a list of items that are in your Comfort Zone. Doing this will allow you to clearly identify your “Discomfort Zone”.
Have clear objective of what you want to overcome
Take the list of discomforts and really evaluate it. How does fear apply to each situation? Be very specific. What is it that you are afraid of and why? (i.e. fear of meeting new people, fear of rejection, etc…)
Take baby steps
By jumping outside of your comfort zone, you will become overwhelmed and jump and go right back to your Comfort Zone. Take small steps toward the fear you are trying to overcome. (i.e Public Speaking – Take every opportunity to speak to small groups of people. You can even practice with family and friends.
I have been doing these blogs for a while now and absolutely love sharing what I have learned over the years with all of you. I didn’t just wake up one day and have all of this knowledge and insight however. It takes time and dedication. For example, this past weekend, I drove from Fresno, Ca. to San Francisco on Saturday ( 3 ½ hour drive ) for a meeting and to learn from the Leaders at Digital World & IBSP. Immediately following that meeting, I drove from San Francisco to Los Angeles ( 6 hour drive ) for another meeting on Sunday to learn even more to share with my team! You see, my team understands that they have a leader in me that is always learning and always excited to share what I have learned with them for THEIR success!
I have a formula that I learned years ago and has worked really well for me.
LISTENING – The Importance of Listening!
Listening is different from hearing. Listening is fact finding and intelligence gathering from leaders, clients & customers who are on the front lines of the marketplace. The leader who will not take the time to listen has effectively limited their chances for success dramatically.
Leadership is much less about the leader and much more about the followers and their individual goals. It’s about having individuals look into your eyes and see who you really are as their leader. As the leader, it’s about letting them see your vision and goals. The best connections / opportunities in life start with listening.
LEARN – Knowledge is Everlasting
Leaders are always learning. For today’s leaders, the search is on for new ideas to replace those ideas that simply don’t work. Today’s leaders are on high alert for new ideas and insights. Great leaders are lifelong learners. When you stop learning, you stop growing!!!
LEAD – Be the Pied Piper
From listening and learning, we create the foundation from which to lead. Leadership is more than just charisma. Real leadership is about being authentic. Leadership is also about compassion and the genuine development of the people you are leading. Leadership is never about the one who leads. It is always about the team and the organization. Leadership is about helping people feel completely supported so that they are able to achieve their goals in life & business. Leadership is the backbone of a company, its brand, and its people. The leader recognizes the journey to create a legacy based on vision, mission, and values.
There are going to be a times in your life when you reach the “Fork in the Road” and we have to decide which path you will take. We fear this decision because we do not know which choice is the right path for us.
We all ask questions like:
What happens if I choose the wrong path?
If I leave everything behind to start my own business, will I regret it?
If I choose this path, will I be able to live comfortably and will I find fulfillment?
If I choose this path, will I end up being broke and a failure?
These questions may seem like life or death decisions. Although they are life-changing, I can promise that they are not as hard they seem to be.
It is you that decides or chooses what you will do and how your life turns out. You decide if you are going to have a great day or a bad day.
You choose everything in your life. There are certain things that can happen in your life that you have no control over. The good news is that you can make decision’s now that will prevent those events from occurring.
So many people let the paths they are considering run around their mind for days and months. They feel frozen in place and do not know which path to choose.
Instead of deciding which path they wanted they end up procrastinating which holds them back. If you procrastinate and do not make a decision you will waste time that could have been used to move you down your path.
So Which Path do I Take?
I do not have the answer for you. I do not have the answer because it is not for me to determine which path you will take. You are the one who must choose which direction. Only you know what you want.
Every time you weigh the different options, ask yourself which option gives you that passion? Whatever option that brings out your passion is the right choice. Your path is not persuaded by other people’s opinions. They are not walking in your shoes and should have no bearing on the path YOU choose. Always follow your passion and you will stay on the right path.
By following your passion, your life will improve. You will start living how you want. Things will become easier. This doesn’t mean that you won’t have challenges. It is you that decides what your life turns out like. Once you believe that there are no limitation that can hold you back from what you want, you will be well on your way!!! With your belief in yourself you will clear the path in front of you. You will start accomplishing more, having more energy, and feeling fulfilled.
Now that you hopefully realize that there is nothing that can keep you from achieving what you want, what is stopping you from getting what you want?
Pick a path that brings out your passion + Your commitment to that path = SUCCESS!!!
Please “Like”, “Comment” and “Share” this if you know of anyone who may benefit from it
We learned or were programmed from a very young age that we need to go to school to get the best education you can get to find the best job we can get.
We went to school Monday – Friday from 8 – 3. – Training us for “Corporate America”
We had a dress code – Just like “Corporate America!”
While we were at school we were told to listen to the teacher ( Boss ) and do as they tell us to do. Just like “Corporate America!”
If we didn’t do it correct we got a “F” = Fired in “Corporate America”
We watched our parents get up in the morning, get ready for work, go to work in Corporate America from 9 – 5, come home after work, have family time, go to bed and wake up the next day just to do it all over again! We were programmed to a routine that simply doesn’t work for many people in today’s society. People simply can’t depend on Corporate America to provide the things they desire or want like they did 50 years ago.
The Perfect Storm Catapults Some Manufacturers While Crippling Others
Daily I find myself speaking to Manufacturers, all with the same story, and all lacking answers on how to solve it. Right now the industry is facing the shocking realization of large upcoming tax liabilities, without the capital to pay those liabilities. Even though extensions may be filed and payment arrangements may often be made, this is a slap in the face to business owners. They’ve spent years digging out of a hole, surviving. Just to go back into debt and have this daunting concern hanging over their heads while they should be shifting their focus from survival to growth.
There are 4 Significant Changes That Have Caused This “Perfect Storm”:
The last several years have been decent if you’re lucky but, dismal for most. This caused most companies to pull back on quarterly tax prepayments, or often eliminate them altogether.
2013 Was Better Than Expected
There is no question that 2013 started an upswing that is continuing to get stronger with each passing quarter. Manufacturers not only did not anticipate this upswing, they did not really “feel” it either. For years they were forced to cut back to the essentials just to survive. Once income began to flow again, many were forced to make capital investments that were years overdue. This includes; equipment, staff, software, and facility improvements. This means that although 2013 was in fact more profitable, it wasn’t “felt” by many owners. Not everything may be written off in the current year, even if the bank account hasn’t recovered, the P&L sheets have, and the IRS considers many to be profitable and out of AMT, even if the bank accounts don’t reflect the same.
Tax Breaks Disappearing
Without Bonus Depreciation, (and other major tax breaks that Manufacturers have not only come to enjoy, but have come to count on), many are finding themselves with unexpected increases to their tax liabilities.
Tax Rates Increasing
Tax rates are increasing for example; the recent Personal Limit increase to 40% and Capital Gains increasing from 15% – 25%.
So, what happens when companies cut back on paying taxes over the last few years, have a “surprise 2013” that showed up in profit but not necessarily in their bank account and experience tax rate increases, even though tax breaks continue to disappear?
They have a choice, either be crippled or be catapulted. Those that choose to put their head down and re-enter survival mode will surely suffer for it. Those that seek out ways to grow will take over new positions in market share while others scramble to survive.
One key area growing manufacturers are taking a serious look at is what Specialized Tax Incentives are available to offset these increases in Tax Liability. Programs such as the R&D Tax Credit, Cost Segregation, Hiring Incentives, and Property Tax Mitigation. Programs that previously seemed out of reach, all of a sudden are making it to the top of the priority list.
For more information please contact us @ 559.470.4379 or firstname.lastname@example.org
I am with Digital World / IBSP. A very high percentage of Commercial Property is being overcharged on Property Tax. 80% of the time, we are able to Recapture that money and reduce the Property Tax. All of our work is on a CONTINGENCY basis. This means if we are unable to Recapture and Reduce the Property Tax, there is NO FEE!!! (NO RISK)
Let’s schedule a 15 minute “Discovery Call” to see just how much Integrity Business Solution Provider LLC can Recapture & Reduce Property taxes for you and / or your clients?
Contact me back @ 559.470.4379 / email@example.com
In a nutshell, Cost Segregation is an IRS-approved application in which commercial property owners can accelerate depreciation of certain assets. They can do so by re-classifying property assets from a standard 39 year depreciable life to a 5, 7, or 15 year depreciable life. In my experience, “Engineered Based Study” is the best & only way to take advantage of this fully. Integrity Business Solution Provider LLC does an Engineered Based Study and can definitely help determine how much value implementing a Cost Segregation program might have.
What items qualify according to the IRS?
A number of assets could be eligible for reclassification that could result in tax depreciation, including
AND MUCH MORE!!!
Is Cost Segregation something I can take advantage of?
In my experience, virtually every taxpayer who owns, constructs, renovates or acquires a commercial real estate facility stands to benefit substantially from having a Cost Segregation study performed.
Why don’t people leverage Cost Segregation strategies?
As with many things, many people just aren’t aware of the benefits it could provide. Maybe their tax advisor doesn’t know about it either, so they may not realize they’re missing out on the opportunity.
Some believe that conducting a cost segregation study will trigger an audit. This is simply not true as the IRS has guidelines for developing such studies that are part of the IRS audit techniques guide.
Why does it cost so much to do Cost Segregation?
A Business Owner / Top Level Executive might think that conducting the Cost Segregation study is too expensive, which very well may be true in almost ALL circumstances. ($30K+) These studies could potentially uncover significant amounts of money and are, in a lot of cases, worth every penny. BUT WAIT!!! Why pay ANY upfront fees if you don’t have to??? I recommend doing the study only if the company doing the study does it on a CONTINGENCY BASIS ONLY. Let them put their money where their mouth is before you pay anything. ( Integrity Business Solution Provider LLC )
Cost Segregation Case Study Example
Now that you know what Cost Segregation is and whether it would be a good fit for you, you’re probably wondering what it looks like. I was doing some research on line and came across this Cost Segregation Case Study. This is a study that was recently performed on a commercial building with a purchase price of $2,900,000.00. The results are Eye Opening!!!
An increase in depreciation in the first 5 years of $447,596.00
A year 1 return on investment of $123,512.00
A total tax benefit of $123,512.00
When it Pays to Look Back
There are also studies that look back on previous years and are useful to those who purchased or constructed commercial real estate prior to the current tax year and did not take advantage of accelerating the depreciation at the time the improvements were made. The IRS allows property owners to develop a Cost Segregation study in order to determine the depreciation that should have been realized at the time of completion or at the time of purchase. A few things to know:
The difference in accelerated depreciation and the actual depreciation taken is realized in the following tax year.
There is no need to file amended tax returns.
The IRS does require the owner to file a simple 3115 form, which is a change of accounting method.
Take The Next Steps
Please reach out to me and I will set up your NO OBLIGATION, 15 minute “Discovery Call” with Integrity Business Solution Provider LLC and they will explain their AMAZING, on a Contingency basis only, program that will put money back into your BOTTOM LINE!!!
YOU REALLY HAVE NOTHING TO LOSE & EVERYTHING TO GAIN!!!
Also, Please forward this message to ANYONE you feel could benefit from this Contingency Based Cost Segregation study from IBSP!!!
I have had a lot of Merchants & Business Owners requesting information on Digital World’s AMAZING programs so I decided to do this post to explain exactly what I do! Please email me if you have any questions!!! firstname.lastname@example.org
Lifetime Rate Guarantee
If we cannot beat your Credit Card Processing rates, for life, we will write you a check for
As an agent for Digital World, I am so privileged and excited to represent and introduce “Integrity Business Solution Provider LLC.” IBSP LLC, has been in business since 2003 & offers the most comprehensive and proprietary business consulting services in the industry. They have Reduced, Recaptured & Discovered over $400 Million for their clients! Their performance based compensation is contingent solely on results – if they do not recover payments and/or reduce costs there is no cost for our services. Their compensation is calculated exclusively as a percentage of the recovered costs or new savings generated by their services.
IBSP’s experienced team of experts offers a single point of contact for the most comprehensive and cutting edge resources that will provide savings for companies in time and money.
IBSP LLC provides innovative solutions for companies to maintain their competitive edge by reducing operational costs and corporate risk to improve profit performance. Their industry expertise and innovative strategies provide companies with the resources and knowledge that will effectively and immediately reduce cost and risk resulting in significant bottom line profit improvement.
An initial consultation along with a feasibility report is conducted to determine the cash flow and net present value (NPV) benefits. This consultation allows our professionals to evaluate your current tax status and your future business plans along with your CPA to determine if a study would be of benefit.
IBSP LLC serves a wide range of clientele, and every client relationship is valued greatly. Each engagement benefits from the depth and breadth of their expertise. They want to be a resource to you for life.
SOME OF OUR CLIENTS INCLUDE
Plus Many Small Businesses in the US & Canada
AS A BUSINESS OWNER – BIG OR SMALL
YOU HAVE – CASH, TAX INCENTIVES & TAX CREDITS TO GAIN!!!
ABSOLUTELY NOTHING TO LOSE!!!
To schedule a NO OBLIGATION 15 minute “Discovery Call”, with an IBSP LLC specialist, to see how their services can increase your bottom line, please email me @ email@example.com and I will get this process started for you!!!