Paul Monax
Free
Mentor Small Business Owners Expert
Paul Monax Quick Facts
- Main Areas
- Grow your Profits through a better understanding of How Your Business Works
- Career Focus
- Mentor, Coach & Trainer for Small Business Owners
Business owners around the world are struggling more than you should, because you don't understand the business side of your business; the Money, Finances, Metrics and Key Performance Indicators.
You don't understand how to read and interprit the Story that the numbers are telling about your business.
You can check out my Free Download that is a whole package of Examples, Templates and Training Videos that will help you to better understand Business Financial Statements.
That prompted me to start formally Mentoring Small Business Owners on the Business Side of their Business with my Done With You Program.
Paul Monax
Helping Small Business Owners Understand the Money and Finances
in Your Business and Learn How Business Really Works!
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Articles by this expert
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Article
Are Your Advisers Really The Best Fit For You?
You choose the best advisers you can find at the time, but that doesn’t mean that you have to stick with the same ones for life. Don’t be afraid to make a change if you outgrow one of your advisers such that someone you are currently using isn’t the best fit for your current situation anymore. I know there is a loyalty factor, but is that really serving you? Is sticking with someone you have outgrown serving either of you well?
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How Do Your Dots Connect?
I recently stumbled across an amazing video of the Stanford University Commencement speech from 2005 given by Steve Jobs. It is only 15 minutes long, but yet it is very powerful. In his speech, Steve tells 3 different stories about his life. The first one being about connecting the dots of his life where he says
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Are You Still Filing a Schedule C For Your Business?
There is a better way and I can show you how. If you are running your business as a sole proprietor, then you are filing a Schedule C as part of you annual 1040 income tax filing, but even thought that is technically a business, it is likely not the best business structure for you to use.
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What is the 3 Times Rule Anyhow?
Back in 1999, a friend, Glen Whitbeck, and I who were working on a project together came up with the "3 Times Rule". It is a rule of thumb that even 12 years later has remained a pretty accurate rule of thumb. Since it is a rule of thumb, it isn't always totally accurate, but surprisingly enough it has turned out to be quite close as an average for sure.
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What’s the Scoop with Payroll Taxes and Being an Independent Contractor?
It is just a scaled down version of what you would have with a multiple employee business, but in this case you are the sole employee. There are 2 different taxes that make up what are called payroll taxes. The first is Social Security which is sometimes called FICA for Federal Insurance Contributions Act or OASDI for Old-Age, Survivors, and Disability Insurance. The second is Medicare also known by its lesser name of HI for Health Insurance.
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What Does Your Personal Brand Say About You?
Have you ever thought about your personal brand and what it says about you? When you hear Apple or Microsoft, those names conjure up a particular brand image in your mind. Depending on your particular view of the world and those companies it can be either a good or a bad image that is brought to focus in your mind when you hear the name for those particular brands, and for a lot of companies and brands there is both good and bad.
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What Are the Real Costs of Working with a Staffing Agency?
Have you ever sat down and calculated what you are paying that staffing agency or recruiter that found your latest contract? I'll bet it is more than you think. That is, if you can even get the gross bill rate that the staffing firm is billing you out at. Many times that is kept like a state secret, so that the contractor that is out working at the client site (or doing the work from home) has no idea how much the client is really being charged for their services.
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What is an RFP (Request For Proposal) Anyhow? And Should I Even Care About Them?
An RFP is a Request For Proposal. They can be put out by any company or organization, but they are most common in a government agency situation where they are looking to have multiple bidders each propose their own solution to the problem that is presented. An RFP is typically just a Requirements document that the requestor is then looking for companies to submit a proposal that provides details on their particular solution that they would implement if awarded the contract.
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Independent Contractor vs. Employee | Worker Classification
There has been a lot of discussion in the news recently about Independent Contractor status vs. being an Employee and how to tell the difference, both from the worker's and the company's perspectives. Is someone you have working for your business or are considering bringing on to your company an Employee vs. Independent Contractor?
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How Do You Determine What Rate To Charge?
If you are new to Independent Contracting, and even if you are an old hand, I'm sure you have wondered how to determine what rate you should charge your clients for your services. That is definitely a tricky subject and one with many variables and even more answers. Don't you agree? The variables that factor into the equation include: - Your Skill Set - The Clients Desired Skill Set - Availability of the desired Skill Set in the Marketplace - Your Experience Level - The Clients Desired Experience Level
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Version One Is Better Than Version Zero
That is a phrase that I heard at a recent course that I attended on marketing on the internet. The implication is that it is better to get your first version of a not-quite-ready ad or even a new product out there and see how it goes over, than to have nothing out there at all. And thus no one out there knowing what you are up too. Another way I've heard the same concept presented is Ready, Fire, Aim. Implying that you should get as ready as you can be, but then produce something that you get out to your market or the end users to see how it works for them.
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How To Be An IT Contractor
I get asked all the time about being a contractor and specifically how to be an IT Contractor. Being a contractor in any field I would imagine is pretty similar, but since I am a software engineer by trade, I am most familiar with IT disciplines and thus this is specifically geared toward how to be an IT contractor. What I hear most frequently, is that people are afraid of the perceived lack of stability and/or gaps in paychecks. How stable is your job situation these days? Have there been any layoffs at your company? Or in your industry? Or have you already been laid off yourself?r
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Contacting Paul Monax
My office is in Littleton, Colorado, but since I do my mentoring over e-mail, the phone, skype and the internet the
best way to contact me is via the Contact page on my website.
How to get started
Best place to get started is to download my free package of Examples, Templates & Videos
Other highlights
For more details on the Mentorship, Coaching & Training programs that I offer,
please check out my Done With You Program.