
Welcome to the
Breakaway Blog
Why You Need A Family Officer (or a Small Business Advisor)
In November 2016 I moved to Jamaica from New York City with my husband who is a diplomat. It all seemed like an escapist fantasy, running from the big concrete city and impending winter ahead to the sun-bathed tropics with its laid back vibes and vast selection of beaches to relax on. In many ways, it was a dream come true, but it also came with its own challenges. It was my first official foray into the world of “trailing spouses” where your identity is undeniably intertwined with the career of your other half. I had done my fair share of travelling and living in foreign countries, but this move was challenging.
Key Factors While Getting Started
Ready to make a career change to self employment? The first step forward is to evaluate, and yes take the leap. Once you’ve committed, it’s now time to create your business formation, including short and long-term planning.
Taking the First Step
At a young age, we are all told to just get a job, go to work and earn money to be able to provide for your family. This is often reflected as the key to living the American dream.
NFTs 101
We likely all saw the headlines. A ‘crypto billionaire’ purchased an NFT artwork for a record setting $69,000,000. The art, by Beeple, was entitled “EVERYDAYS: THE FIRST 5000 DAYS”. While it’s tempting to dismiss this as yet another fad for the ultra wealthy, NFTs present some interesting possibilities for even small businesses.
5 Steps to Getting Your Bills in Order
Managing personal finance is difficult for anyone. Whether you have one or multiple properties, loans, credit cards, and other expenses to track it can be really difficult to stay on top of everything. Pair that with the demands of a career and family, and I’m willing to bet that you will spend a lot of your free time keeping your bills and other financial commitments organized.
Face Your Fears
Unveiling the new Tesla cybertruck, design lead Franz Von Holzhausen winds up and throws a baseball into the concept car’s “bullet proof” glass. And … shatters it.
Lessons From a Poker Game
I chatted recently with a friend who had finished in the top 10 in a local poker championship. Congratulating him on his win, I asked him what he attributed his success to.
Your COA = Your Secret Weapon
CEOs know it’s important to study their Financials. They look at their balance sheet and everything looks great. Margins are increasing! Debt is low! Then they recall the famous quote, “It’s a write off, just write it off” without thinking about their COA. And before they know it, they‘ve set off a dreadful nightmare for their accountant, one that will be expensive and tedious to fix.
Did You Get Into Business to Avoid Taxes OR Build Profit?
I am more interested in helping you manage 70 cents than 30. When companies are only interested in mitigating tax liability, they miss out on the operational advantages that can be made by closely examining and monitoring that much larger piece of the pie.