Francetic Tax Resolution LLC - May 2020

MAY 2020




What I’ve Learned From a Lifetime of Competition

I don’t know about you, but it really put a dent in my spring plans this year when March Madness was canceled. I love watching the games, and even though I know the cancellation was in the best interests of the players and fans, it still bummed me out to have to miss one of my favorite stress relievers during tax season. Since that news came out, I’ve been doing a lot of thinking about basketball and how important a role it has played in my life. I loved playing basketball as a kid, and I ended up being a member of my high school team. After graduation, I played recreationally in city leagues through college, and even today, I like to get away when I can to shoot hoops with my youngest son, Elliot, in Kenosha where he’s going to school. It wouldn’t be an exaggeration to say basketball has been with me through thick and thin. When I was in high school in the late ‘70s and early ‘80s, basketball wasn’t quite as glamorous of a sport as it is today. Now, there are crazy traveling leagues that let high school players go all over the county and play year- round, but things were a lot more localized back then. My team only traveled to schools within a 50-mile radius of my hometown. Still, I really loved those travel days bonding with the guys. Freshmen and sophomores took buses to the games, while juniors and seniors on the varsity team got to ride with the coaches in their cars. Between practice, travel, and school, I probably spent more time with my teammates than I did with my family back then. Even in the summer, we kept up that connection, playing three-on-three games in my parents’ driveway or going to the gym to play five-on-five. I loved the challenge of working so closely with a few other people, trying to read one another’s minds and outwork the other team. When I had kids of my own, I tried to pass that experience on to them. We always had a hoop in our driveway, and we’d go out and play one-on-one or a game of horse on the concrete. I can’t run quite as fast as I used to, but I’m still in pretty good shape, and I’m proud to say I have stood my ground when playing with Elliot and his friends who are in high school! Beyond just keeping me physically fit, basketball has taught me some important life lessons. I think my biggest takeaway from my years on the court is the importance of persistence, hard work, flexibility, and attention to detail. Back in high school, I worked really hard to get into the right mindset

for the game, and I was always trying to hone my skills and learn new things. I’ve definitely carried those values into my work. Today, I constantly push myself to improve for my clients and add more tax knowledge to my arsenal. Basketball also taught me that you have to roll with life’s punches. As much as we’d like to win all the time, that’s just not possible. In every game in life, there is a winner and a loser, and sometimes you lose, whether that’s because you played badly or just because the other team played better. What matters more than winning or losing is how you behave when the buzzer sounds. That’s when you see a player’s true character come out. Really, running a small business isn’t all that different from playing basketball. I still find myself rolling with the punches, and the coronavirus pandemic has been a big one. That said, I know I’ll get through it, and so will you — especially if we’re teammates and help each other. If I can help you, a friend, or a loved one with anything tax-related in this tough time, just let me know. I have your back, and I’m only a phone call or email away. Paul Francetic



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