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Articles written by Jay Thompson

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You have a plan, now what?

Last time we talked about writing a business plan and if you have done that, now what? You don't want to just stick it in a drawer and forget about it. It's time to get busy and get started. Your...

 

Planning your business

If you ever share a small business idea, everyone will tell you that you need to write a business plan. Creating a plan for a business that's still just an idea in your head can be difficult at best....

 

Deducting startup costs

Today, there are over 50 million small business owners in America. With the advent of new companies such as Uber and Airbnb, having your own business seems easier than ever. New business start-ups are...

 

It's time to think about taxes

It's not tax season yet, but it is time to start thinking about your 2017 taxes. I always encourage my clients to sit down with their Tax Pro during the 4th quarter of the year. It's good time to see...

 

Small business loans

Today is one of the best moments in history for small businesses. They not only make up the overwhelming number of businesses in the United States, and account for over half of all employment, but...

 

The hazards of going into business with family and friends

It seems like almost every month the CSU Bakersfield SBDC gets calls from individuals who have lost money by going into business with family, friends, or neighbors that they have trusted, but who have...

 

Are you driving your wealth?

I want to share with you something that is amazing to me. I overheard a conversation in a coffee shop the other day between three teenage girls. They were talking about the parents of one of their...

 

Where did my money go?

If you’re like most Americans you’ve just passed two milestones this year, Tax Freedom Day, which is recognized on April 12, and Income Tax Filing Day, which is usually recognized as April 15 but...

 

Calling all ladies

Are you a woman in business or someone who has always thought about having her own business? If so, there’s an event coming up, and it is designed just for you. The event, happening on Saturday,...

 

Are you relying on the wrong advice?

Most small business owners are hard-working individuals that are so busy trying to make a living that they don’t have time for the seemingly unnecessary peripheral issues. They often leave issues of...

 

Key traits of successful entrepreneurs

I was just thinking about what I need to do to get my business to the next level this year and thought I’d share with you what I’m telling myself. I’ve realized that as small business owners...

 

Make 2017 your best year yet

Here we are at the beginning of the New Year. I was just reflecting on the past year, thinking of all of the good things that were accomplished, and now, as I prepare for 2017, I’m thinking of all t...

 

What you measure is what you get done

It’s late December and now is the perfect time to reflect back on the past year. Ask yourself, how did you do? What could you have done better and what turned out better than you had planned? Was...

 

Keep more of what you have earned

It is now the fourth quarter of the year, how are you doing? This is the time of year that it makes sense to look back and review your company's performance. Why now? Well, you still have time to...

 

Business success

You need to have the right mindset to be successful, and it all starts with focus. Many small business owners get off to a great start and then quickly reach a plateau where they quit growing. The...

 

What About Taxes

Whether you are starting a business or have been in business for some time, what do you do about taxes? There are strict tax laws in the United States that make this is an important question, but...

 

Are You Ready to Open Your Business?

If you’re like one of the thousands of employees in the oil industry who have been laid off, the big decision you face is what you want to do next. Sometimes, losing a full-time job is the perfect...

 

Helping Clients With Their Future Success

The Loop Newspaper: Jay, what motivates you in your role as a business advisor? It all starts with my fundamental belief that the average, hardworking American business owner doesn’t get a fair...

 

Big Dreams

Do you have dreams bigger than your obstacles? There are a lot of people who hope their dreams will come true, but they don’t have an opportunity big enough to achieve their dreams. Owning your own...

 

What a Month!

Well, it may be over, but it won’t soon be forgotten. I’m talking about the month of May. Every year during the month of May small businesses around the nation are honored and recognized for the...

 

Building a Great Business

Building an insignificantly small business doesn’t take much in leadership, but if you’re going to build a great business, it’s going to take great leadership. To make success happen it’s...

 

Sell More Without Selling

There is no real magic to making your sales barriers go away. If you are looking for that special close, or that magic button, there isn’t one. It is more about strategy than anything else but,...

 

It Is Time to Celebrate

May is my favorite month of the year. No, it’s not because it’s my birthday month and I try to do something different and exciting every year to celebrate my birthday. No, it’s not because I...

 

It Is Time to Celebrate

May is my favorite month of the year. No, it’s not because it’s my birthday month and I try to do something different and exciting every year to celebrate my birthday. No, it’s not because I...

 

Setting goals

Last time we talked about how the number one tool used by millionaires is goal setting and that many small business owners never achieve their true potential due to a lack of focus. There are many...

 

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