The Planner

The Planner is CORE Group's blog and a way to help others interested in up to date tax service news.

Art Gallery Case Study

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Core Group

We talk about all the things that Core Group US can do, but the bottom-line question that all of our prospective clients pose to us is pretty consistent – What’s this relationship going to look like for me?
It’s a fair question. Before you pay for any customized service, you want to know what really happens when the rubber meets the road. Not only in terms of getting value for your money, but there’s the question of that all-important (and equally vague) notion of being a “good fit.”
We think the best way to give you an idea of what we have in store is for you to hear it from one of our existing customers.
Below is an interview with Lindsay, an entrepreneur who runs a shop specializing in the sales and consignment of work produced by local designers and artisans. They offer everything from t-shirts to furniture, and they’ve been an established presence on the local retail scene for almost a decade.

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Time to Upgrade Your Cash Flow Strategy

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Core Group

If you’re old enough to have grandparents who lived through the Great Depression, you might have memories of them holding onto seemingly idiosyncratic behaviors that were caused by enduring that traumatic period. I had a friend whose grandparents refused to allow condensed milk in their house for any reason. They experienced such severe poverty when they were children that condensed milk thinned with water was the closest thing they could afford to fresh milk. The scars from that childhood memory were so significant that even 50 or 60 years later, it still shaped how they lived their life.

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Dave Ramsey in a black shirt

Why Dave Ramsey is Bad for Business – Part 2

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Christian Brim

‍More insidious than Dave Ramsey’s obsession with debt, is his admonishing small business owners to not have partners. Let me say upfront that I completely understand what he is trying to accomplish with people, and I’ve certainly experienced my share of bad partnerships, but abstaining from all business partnerships is frankly a little goofy.

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PPP Flexibility Act Provides Small Business Relief

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Christian Brim

And just like that, Congress shuffled the deck. To be clear, the PPP Flexibility Act brings welcome relief to those small businesses that participated in the Paycheck Protection Program, but it didn’t address all the issues. My gut tells me that they’re not done tweaking this, and before anyone takes action, we need to see what regulations the SBA issues regarding the new law.

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Dave Ramsey cutting credit cards

Why Dave Ramsey is Bad for Business – Part 1

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Christian Brim

I am going out on a limb here, but I don’t like Dave Ramsey. That may be heresy to some, but let me explain why. Aside from the fact that he is dull to listen to, has not a funny bone in his body, and generally is preachy and dogmatic, that is not why I think Ramsey is bad for business. It’s not even that I disagree with his advice, although most of it tends to be more family therapy than financial help. In large part, his recommendations make a lot of sense for the right people, and that is what brings me to my trouble with him. His advice is geared towards wage earners, NOT small business owners. I’m sure there is a lot of crossover, meaning many small business owners have wage-earning spouses, and deal with many of the same issues. The shortcoming is, however, that Ramsey’s advice doesn’t go far enough. His advice is, “if you don’t have cash, don’t buy it.” Brilliant idea, but not very practical for most small business owners. Sure it is preferable to not have to borrow money, but does it really make good business sense?

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Small Business Lessons from Marathon Training

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Core Group

If you’re like me, you’ve heard the phrase a thousand times, this isn’t a sprint, it’s a marathon. I didn’t really understand the depth of that phrase until I ran a marathon. For most of us who haven’t ever run a marathon, we interpret the phrase as something like, don’t go too fast, this is going to take a while. Or we think, we’re not going to achieve this overnight. While both of these things are true, they are only partial truths.

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