Bob Norton Consulting - April 2020

NortonAccountingServices.com 985-640-6072 Info@NortonAccountingServices.com APRIL 2020 NORTON NEWSLETTER EASE OF MIND • AVAILABILITY • FLEXIBILITY • INDIVIDUAL APPROACH • EXPERIENCE • TAX SAVINGS OPPORTUNITIES THE REAL ESTATE TAX PRO ™

FROM THE DESK OF Bob Norton

Whenever Penny asks me what color she should paint a room, I answer rainbow stripes. When we moved into our new

house, she finally let me pick the color of the walls for the library. Yep, I chose rainbow stripes! At least, that was the original plan. I designed stripes for the two opposing walls that contained the window and two of the doors. I incorporated the windows and doors into the design. The big problem was taping a straight line over the openings. Then, we were watching a show on HGTV, and the designer painted a pattern with small chevrons with differing colors. I thought that was cool. The new problemwas the amount of taping that would be involved. And Penny was leaving that up tome. Finally, I created a diagonal pattern across the top of one wall with alternating colors. Below that, I created a block pattern with random block sizes and random starting points for the rainbows. The next wall will have to wait until after tax season...

Navigating the Road to Entrepreneurial Success ARE YOU READY TOTAKE A RISK?

Many aspiring entrepreneurs say they can’t wait to go into business for themselves because of the freedom they’ll have. They dream about starting their own business, but they dream even bigger about the two-week vacations they’ll take. The hard truth is that those rewards come at the very end — not the beginning. If you want to start a business and build it up so you do have that freedom, then you need to be realistic about the sacrifices you’re going to have to make. Free Time When you’re an entrepreneur, there’s no such thing as free time. If you have time to run off and do things that have nothing to do with your business, then you’re not putting 100% of your effort into your dream. When you’re

starting a brand-new business, you need to be plugged in every single day and every waking hour. If you’re not ready to devote all your time, then you’re not ready to start a business. Building something that’s going to be around for many years to come means committing all your time from the beginning. That’s the only way your venture will grow and survive. Rewards If being an entrepreneur guaranteed a life of luxury, then everyone would be one. But taking the risk of starting your own business doesn’t always mean you’ll become wealthy. That’s why it’s a risk. Plenty of other jobs can make you a lot more money. In many cases, entrepreneurs struggle for years to find success. In many more cases, they never

-Bob Norton

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