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Educating Tomorrow's Franchisees
December 2011
Author ImageGreetings!

Recently a friend shared a Chinese proverb.  It goes like this - "Talk doesn't cook rice"    Here are Leo Babauta's 'Little Rules of Action' to help you get cooking. 


Don't Overthink. It's good to have a clear picture of where you're going or why, but too much thinking can be paralyzing. Don't overthink, just do. 


Forget Perfection. Perfectionism is the enemy of action. Kill it, immediately. You can't let perfect stop you from doing. You can turn a bad start into a good result, but you can't turn failure to start into start into anything. So get going. 


Don't Mistake Motion For Action. A common mistake. A fury of activity doesn't mean you're doing anything. When you find yourself moving too quickly, doing too many things at once, this is a good reminder to stop. Slow down. Focus. 


Focus On The Important. Clear the distractions. Pick the one most important thing you must do today, and focus on that. Exclusively. The big things are what matter. 


Be Deliberate. Action doesn't need to be done fast. In fact, that often leads to mistakes, and while a penchant for perfection isn't any good, neither is making a ridiculous amount of mistakes that could be avoided with a bit of consciousness. 


Take Small Steps. Biting off more than you can chew will kill the action. Maybe because of choking, I dunno. But small steps always works. Little tiny blows that will eventually break down that mountain. And each step is a victory, that will compel you to further victories. 


Negative Thinking Gets You Nowhere. Seriously, stop doing that. Self doubt? The urge to quit? Telling yourself that it's OK to be distracted and that you can always get to it later? Squash those thoughts. Well, OK, you can be distracted for a little bit, but you get the idea. Positive thinking, as corny as it sounds, really works. It's self-talk, and what we tell ourselves has a funny habit of turning into reality.


Meetings Aren't Action. This is a common mistake in management. They hold meetings to get things done. Meetings, unfortunately, almost always get in the way of actual doing. Stop holding those meetings!


Talking (usually) Isn't Action. Well, unless the action you need to take is a presentation or speech or something. Or you're a television broadcaster. But usually, talking is just talking. Communication is necessary, but don't mistake it for actual action.


Planning Isn't Action. Sure, you need to plan. Do it, so you're clear about what you're doing. Just do it quickly, and get to the actual action as quickly as you can.


Reading About It Isn't Action. You're reading an article about action. Ironic, I know. But let this be the last one. Now get to work!

(By Leo Babauta of 


Hope you find a few good ideas in this list above.  Have a wonderful holiday season.  As always, there will not be a newsletter in January. 





Rick Bisio
Apple Image 5 Year End Tax Tips for the Small Business Owner

As the holidays quickly approach it's hardly a time to think about small business taxes. But a quick look at these year-end tax tips for small business can pay big dividends for 2008.


5 Year-end Small Business Tax Tips


1. Update Your Accounting: It's important as part of your year-end tax strategy to have a good understanding of your company's financial situation. Spend extra time ensuring your books are up-to-date and accurate. It won't hurt to plan time with your accountant for year-end advice, particular to your operations.


2. Defer Income: Any payments your company can receive during the first week of January as opposed to December cuts your tax bill. Every cent deferred until January 2008 will not owe taxes until April 2009. Any deferral strategy will depend on your profit and losses for the year and business legal structure (LLC, partnership, corporation, etc.)....


Go to, Click Here
Apple Image Achieving a Healthy Work-Life Balance

Want a clear separation between work and business? For the small business owner that's almost impossible. You are your business: virtually and symbolically, your business is an extension of you.  That means you will get calls at night. You will answer emails on the weekend. You will be preoccupied and distracted. That's all part of owning your own business.


Many entrepreneurs still try hard to create a clearer separation between business and family to achieve a better work-life balance. According to a study by the Enterprise Council on Small Business, the single biggest factor in how small business owners define "success" is maintaining a healthy work-life balance. (Interestingly, "doing what I love" came in third.)


When you feel you don't get to spend enough time with your family, or when your family resents work intrusions, that's a work-life balance issue -- but what is the answer?


Apple Image How Limited Liability companies Are Taxed

A Limited Liability Company (LLC) is not a separate tax entity like a corporation; instead, it is what the IRS calls a "pass-through entity," like a partnership or sole proprietorship. All of the profits and losses of the LLC "pass through" the business to the LLC owners (called members), who report this information on their personal tax returns. The LLC itself does not pay federal income taxes, but some states do charge the LLC itself a tax.

Income taxes
The IRS treats your LLC like a sole proprietorship or a partnership, depending on the number of members in your LLC. If you've already done business as a sole proprietorship or partnership, you're ahead of the game because you know many of the rules already. If not, here are the basics:


Single-owner LLCs
The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. .... 

Go To, Click Here
Apple Image The No Whining Rule for Managers 

One of my senior clients used to keep a "no whining" sign in her office. It seemed odd to have the sign so prominently displayed at a senior executive level. After all, the managers that walked into that office were not children, but mature adults with collective responsibility for thousands of employees. Why would they whine instead of just solving problems?


The reality is that all of us whine, complain, blame others, and try to avoid responsibility. It's part of the human condition. Nobody likes to clean up problems caused by others - or admit that they've created problems themselves. We also try to preserve a positive self-image and we go to great lengths to get others to perceive us positively as well. Given these basic human dynamics, most of which are unconscious, it's often easier to talk to colleagues about what somebody else is doing wrong. At worst we'll get sympathy. At best, we'll convince someone else to take care of the problem.   

Go to Harvard Business Review, Click Here 


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Author - Rick Bisio