Paul Monax
Free
Mentor Small Business Owners Expert
Paul Monax Quick Facts
- Main Areas
- Grow your Profits through a better understanding of How Your Business Works
- Career Focus
- Mentor, Coach & Trainer for Small Business Owners
Business owners around the world are struggling more than you should, because you don't understand the business side of your business; the Money, Finances, Metrics and Key Performance Indicators.
You don't understand how to read and interprit the Story that the numbers are telling about your business.
You can check out my Free Download that is a whole package of Examples, Templates and Training Videos that will help you to better understand Business Financial Statements.
That prompted me to start formally Mentoring Small Business Owners on the Business Side of their Business with my Done With You Program.
Paul Monax
Helping Small Business Owners Understand the Money and Finances
in Your Business and Learn How Business Really Works!
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Paul Monax Books
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
Article
Are You Still Filing a Schedule C For Your Business?
There is a better way and I can show you how. If you are running your business as a sole proprietor, then you are filing a Schedule C as part of you annual 1040 income tax filing, but even thought that is technically a business, it is likely not the best business structure for you to use.
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What Are the Real Costs of Working with a Staffing Agency?
Have you ever sat down and calculated what you are paying that staffing agency or recruiter that found your latest contract? I'll bet it is more than you think. That is, if you can even get the gross bill rate that the staffing firm is billing you out at. Many times that is kept like a state secret, so that the contractor that is out working at the client site (or doing the work from home) has no idea how much the client is really being charged for their services.
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How Would You Like To Choose To Pay Less In Taxes?
One of the advantages of being the owner of a business, specifically one that is taxed as an S-Corp is that you have some flexibility in how, when and how much you pay in taxes. In case the S-Corp term is unfamiliar to you, it is basically forming a corporation or an LLC and filing the correct follow-on forms with the IRS.
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What is the 3 Times Rule Anyhow?
Back in 1999, a friend, Glen Whitbeck, and I who were working on a project together came up with the "3 Times Rule". It is a rule of thumb that even 12 years later has remained a pretty accurate rule of thumb. Since it is a rule of thumb, it isn't always totally accurate, but surprisingly enough it has turned out to be quite close as an average for sure.
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Article
What Type of Contract Should I Look For?
Well, the smartass answer is that it depends. I know, I know, that is a cop out answer, but did you think there was a silver bullet, single easy solution for all people and all cases? There never is is there… For the full answer, please read on. Did you just get laid off and haven’t yet found the next full-time position that is a fit for you and so you are now looking for a short-term contract to help with a gap in employment until you can land another full-time position?
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Everyone Is An Expert In More Areas Than They Think
Have you ever thought to yourself that you aren't an Expert? Belittling ourselves is a crappy pastime that we all seem to participate in from time to time. We are all experts in a number of areas of life, based upon our own experiences. Every singe one of us is an Expert at many things, and in more areas than we give ourselves credit for. I know it happens to me, and I have to take a step back and remind myself that I do have expertise in many areas.
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What is an RFP (Request For Proposal) Anyhow? And Should I Even Care About Them?
An RFP is a Request For Proposal. They can be put out by any company or organization, but they are most common in a government agency situation where they are looking to have multiple bidders each propose their own solution to the problem that is presented. An RFP is typically just a Requirements document that the requestor is then looking for companies to submit a proposal that provides details on their particular solution that they would implement if awarded the contract.
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Independent Contractor vs. Employee | Worker Classification
There has been a lot of discussion in the news recently about Independent Contractor status vs. being an Employee and how to tell the difference, both from the worker's and the company's perspectives. Is someone you have working for your business or are considering bringing on to your company an Employee vs. Independent Contractor?
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Article
Version One Is Better Than Version Zero
That is a phrase that I heard at a recent course that I attended on marketing on the internet. The implication is that it is better to get your first version of a not-quite-ready ad or even a new product out there and see how it goes over, than to have nothing out there at all. And thus no one out there knowing what you are up too. Another way I've heard the same concept presented is Ready, Fire, Aim. Implying that you should get as ready as you can be, but then produce something that you get out to your market or the end users to see how it works for them.
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Liability Insurance for IT Contractors: Do You Need It For Your Business?
If you are an IT contractor, I would say that it depends on the types of contracts you are doing, but in general I think it is a very good idea if not mandatory for every IT Contractor here in the United States to carry some kind of liability insurance.
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Article
What Does Your Personal Brand Say About You?
Have you ever thought about your personal brand and what it says about you? When you hear Apple or Microsoft, those names conjure up a particular brand image in your mind. Depending on your particular view of the world and those companies it can be either a good or a bad image that is brought to focus in your mind when you hear the name for those particular brands, and for a lot of companies and brands there is both good and bad.
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What’s the Scoop with Payroll Taxes and Being an Independent Contractor?
It is just a scaled down version of what you would have with a multiple employee business, but in this case you are the sole employee. There are 2 different taxes that make up what are called payroll taxes. The first is Social Security which is sometimes called FICA for Federal Insurance Contributions Act or OASDI for Old-Age, Survivors, and Disability Insurance. The second is Medicare also known by its lesser name of HI for Health Insurance.
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Websites & resources
SelfGrowth-published websites, downloads, and contributor profile websites connected to this expert.
Website
Agile Wealth
Helping Small Business Owners gain a better understanding of the Money and Finances in your business and be able to read and interpret the Story that the Numbers are telling about Your Business.
October 28, 2012
Website
Independent Contracting Resources
Helping Independent Contractors with the Business Side of Their Business. Because You are Independent Doesn't Mean You Have to Do It All Alone!
April 19, 2011
Favorite Quotes & Thoughts from Paul Monax
Contacting Paul Monax
My office is in Littleton, Colorado, but since I do my mentoring over e-mail, the phone, skype and the internet the
best way to contact me is via the Contact page on my website.
How to get started
Best place to get started is to download my free package of Examples, Templates & Videos
Other highlights
For more details on the Mentorship, Coaching & Training programs that I offer,
please check out my Done With You Program.