Success That Lasts

Success That Lasts

By Jared SiegelBusinessInvesting
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Success That Lasts episodes

  • A Trip Down Memory Lane with Dave DeLap

    David DeLap is a tax partner and CPA at DeLap LLP and a long-time friend of Jared Siegel. Dave is a seasoned expert in accounting and wealth advisory with over 35 years of experience. He and Jared chat about their experiences throughout the years, as well as the knowledge they obtained and how they have helped one another throughout their journey.


    Here are a few highlights from their exciting conversation:

    • Jared quotes his former coach, “A goal would be the measurable, specific activities that precedes the outcome or result.”
    • Trust is the key to leadership, Dave says.
    • You’re not a leader until you have a follower, and while being a leader means stepping out, it also sometimes means following.
    • The difference between music and noise is coordination.
    • A book is a life hack and a leveraged experience. 
    • What differentiates one professional services firm from another is their people, their culture, and their execution.
    • Jared repositions failure as education.
    • People don’t change until the pain of their current circumstances exceeds the pain of the change.
    • Not all decisions are financial decisions, Dave teaches.
    • Our understanding of wealth changes over the years.


      • Resources

      DelapCPA.com

      David DeLap on LinkedIn

      53 min
    • Maintaining the Family Business with Mark Wickman

      Jared Siegel chats with Mark Wickman, founder of Family Business Council and author of The Family Business Teeter Totter, in this week’s episode of Success That Lasts. Mark has been a business owner for over 25 years. His role as a family business counselor, as well as his experience as a financial advisor, allows him to assist families with problems they have in their businesses. He and Jared discuss reasons why family businesses fail, and how to keep them alive. 


      Here are a few highlights from their informative conversation:

      • Only 3% of family businesses make it to the fourth generation, Jared shares.
      • Mark says that the typical reactions to conflict are fight, flight, or freeze, which is an internal withdrawal or another form of flight.
      • There is a difference between vulnerability and transparency, according to Mark. Transparency is sharing information about yourself, whereas vulnerability is disclosing your most personal information, potentially providing someone with something they can use against you to bring you down.
      • There are three lies about our identity, Mark quotes. The first lie is “I am what I have,” the second is “I am what I do,” and the third is “I am what others say or think of me.” If these lies are the basis for our identity, we will never discover our true identity. 
      • Sharing your feelings when there is conflict is practicing healthy communication. Keeping resentment to yourself creates bitterness which eventually will upset family dynamics.
      • The two sources of conflict are misunderstanding and selfishness. The antidote to misunderstanding is clarity or clear communication, and the antidote to selfishness is confession.
      • “Always” and “never” are not fair fighting words, Jared says.
      • Family businesses are the backbone of our communities.
      • Problems scream, but blessings whisper.


        • Resources

        The Family Business Teeter Totter: Balancing Those Two Wor(l)ds

        51 min
      • Making Sense of CAT with Harriet Strothers

        Jared Siegel’s guest on this week’s Success That Lasts show is Harriet Strothers, state and local taxes (SALT) expert, CPA and advisor at Delap. Having worked in both public and private accounting, her understanding of both sides allows her to help her clients in innovative ways. She chats with Jared about the new Corporate Activity tax (CAT) and the opportunities and traps it presents for business owners.


        Here are a few highlights from their conversation:

        • Jared says that SALT is incredibly dynamic: it feels like there is always another complicated new law to comply with.
        • Harriet explains how the Wayfair law has impacted businesses.
        • The new CAT is a gross receipts tax, Harriet says. She explains how it is calculated.
        • Taxpayers are supposed to register for CAT when their Oregon gross receipts or commercial activity reaches $750,000. 
        • Jared asks about potential planning opportunities the CAT presents for business owners. Harriet describes both the opportunities as well as the traps surrounding CAT.
        • SALT laws are crafted to collect the most tax possible.
        • The state of Washington has a creative way of collecting taxes from businesses.
        • Harriet has some advice for business owners to help them limit their tax exposure.
        • There are over 12,000 separate tax jurisdictions in the USA. 


          • Resources

          DelapCPA.com

          26 min
        • On Being A Purposeful, Thoughtful Leader with Bart Dickson

          In this episode of Success That Lasts, Jared Siegel interviews Bart Dickson, President of Cobalt Development. Bart also chairs the Industrial Athlete campaign which raises money and awareness to address the health and social challenges skilled workers face. 


          Here are a few highlights from this week’s show:

          • Leadership is not about a title, Bart says. It’s about helping others reach their potential.
          • Like a kaleidoscope, success is not one dimensional, Jared says. Its many textures include:
          • Happiness - what really makes you happy;
          • A sense of achievement; 
          • Purpose - you're contributing to the world; 
          • Significance - you’re positively affecting those that you care about;
          • Legacy - you’re helping others find success.
          • Bart says that success has to be defined in reverse as well. He decided from the start that there were some trade offs he wasn’t willing to make. “When you put first things first, oftentimes you're able to find room for each part of the kaleidoscope,” he says.
          • When you feel love for people, you’re able to receive positive energy and love. One of the greatest things we can do is trust ourselves and trust others. Trusting people is a gift that allows you to have genuine interactions. 
          • Bart describes how he filters opportunities to decide what he will dedicate his time to.
          • Bart teaches his children to be good stewards of wealth.
          • To achieve something great, you have to be willing to attempt something bold. That means making mistakes at times, but it also means having remarkable results.


            • Resources

            Bart Dickson on LinkedIn

            Essentialism by Greg McKeown 

            DelapCPA.com 

            40 min
          • Introducing Success That Lasts

            In this introductory episode of Success That Lasts, host Jared Siegel shares how the podcast came to be, what he's going to be exploring, and what you can expect to learn about success you can feel confident in.

            4 min

          About Success That Lasts

          From the publisher's feed

          Success doesn’t always feel like success, and when it looks like you’ve ‘made it’ to the rest of the world, you can be left feeling like there’s still so much to do – but without a clear direction or plan. On the Success that Lasts podcast, hosted by Jared Siegel, we're going behind the scenes with business owners, real estate investors, and industry consultants to deconstruct the complicated topic of success. We'll be exploring questions, strategies and experiences that help create clarity and confidence surrounding your financial decisions.