Write The Vision Consulting LLC

ATTENTION BUSINESS OWNERS earning less than $5M income!!

Here’s what you need to know:

There’s a new law that requires business owners to file a Beneficial Ownership Information (BOI) Report with the government, disclosing info about who owns and controls your company. This law applies to nearly every LLC, corporation, and limited partnership in the U.S.

If you don’t file the report on time, you could be hit with penalties up to $10,000 and/or 2 years in jail!

https://www.adamsandreese.com/news-knowledge/buckley-fincen-publishes-cta-requirements-compliance-guide

https://fincen.gov/

United States Department of the Treasury Financial Crimes Enforcement Network | FinCEN.gov WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) took another major step in support of U.S. Government efforts to crack down on illicit finance and enhance corporate transparency by issuing a final rule that establishes the framework for acces...

15 Reasons You Need A Business Plan

Why do you want a business plan?

You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about. So, just for a change, let's take a look at the less obvious reasons first and finish with the ones you probably already know about. Think of this as a late-show top 10, with us building up to the most important reasons you need a business plan.

15. Set specific objectives for managers. Good management requires setting specific objectives and then tracking and following up. I'm surprised how many existing businesses manage without a plan. How do they establish what's supposed to happen? In truth, you're really just taking a short cut and planning in your head--and good for you if you can do it--but as your business grows you want to organize and plan better, and communicate the priorities better. Be strategic. Develop a plan; don't just wing it.

14. Share your strategy, priorities and specific action points with your spouse, partner or significant other. Your business life goes by so quickly: a rush of answering phone calls, putting out fires, etc. Don't the other people in your business life need to know what's supposed to be happening? Don't you want them to know?

13. Deal with displacement. Displacement is probably by far the most important practical business concept you've never heard of. It goes like this: "Whatever you do is something else you don't do." Displacement lives at the heart of all small-business strategy. At least most people have never heard of it.

12. Decide whether or not to rent new space. Rent is a new obligation, usually a fixed cost. Do your growth prospects and plans justify taking on this increased fixed cost? Shouldn't that be in your business plan?

CATCH your dreams and STOP chasing your fears. Write your vision today!

Need help? Call 224-357-6989.