Today on the podcast we are going to talk with an Amazing resource to help you cut your business taxes and maximise the deductions you could be taking.  We are joined by Mike Jesowshek.  Mike is the Founder and Host of the Small Business Tax Savings Podcast and has spent his entire career as an entrepreneur. 

Mike’s mission is to help hard-working business owners overcome complex IRS rules and over-inflated tax bills so they can enjoy the fruits of their labor. This is how the Small Business TaxSavings Podcast was born. 

Topics Covered Today

• Key differences between tax prep and tax planning

• How to shift from post tax to pre tax spending

• Maximizing the deductions you can take in business

In this episode I am going to introduce you to Mike and also link you to a ton of resources you can use in your business.

Don’t forget to share this episode and check out all the resources Mike has to help you on your path to success.  Thanks for listening.

George Wright III

 

Guest Resources:

https://www.taxsavingspodcast.com/

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About George Wright III:

George Wright is a Proven, Successful Entrepreneur- and he knows how to inspire entrepreneurs, companies, and individuals to achieve Massive Results. With more than 20 years of Executive Management experience and 25 years of Direct Marketing and Sales experience, George is responsible for starting and building several successful multimillion-dollar companies. He started at a very young age to network and build his experience and knowledge of what it takes to become a driven and well-known entrepreneur. George built a multi-million-dollar seminar business, promoting some of the biggest stars and brands in the world. He has accelerated the success and cash flow in each of his ventures through his network of resources and results driven strategies. George is now dedicated to teaching and sharing his Prosperity Principles and Strategies to every Driven and Passionate Entrepreneur he meets. His mission is to Empower Entrepreneurs Globally to create Massive Change and LIVE their Ultimate Destiny.

Creating Your Best Life: Inspiration and Motivation for Growth Let me ask you a question, 'Are you making a living or creating a life?   Today's podcast is not about strategies but about self-reflection. Are you living on autopilot or pursuing your dreams intentionally.   We get only what we negotiate with life, and most of us are not giving ourselves enough credit...and we need to ask for more from ourselves and the goals we are setting. I truly believe that each of us has untapped potential that we can tap into if we only make the decision and commitment to pursue our goals and dreams. I hope today's episode will inspire you and lead you to unleashing your true potential.   Thanks for listening. George Wright II   00:07 Introduction and Quote of the Day 00:13 Are You Making a Living or Creating a Life? 01:32 The Importance of Having a Plan and a Dream 02:06 The Power of Decision and Focus 03:33 The Poem That Inspires 04:38 The Prosperity Pillars: A Guide to Creating Your Best Life 05:54 Surrounding Yourself with the Right People 06:36 The Path to Happiness and Accountability 07:10 A Motivating Poem to End 08:37 Make the Decision and Go After It

Today on the podcast I want to share with you a very detailed formula I have developed over the last 25 years to structure your mindset, business and money.  I feel it is a very comprehensive way for you to look at how you are growing your business and your life.  

It is a lot of information, so I have included a detailed outline in the show notes.  But, please take time to review its details, principles and structure.  I truly believe it will help you to grow personally, professionally, and financially.  I hope you gain some valuable insights and knowledge.

Please let me know how I can help you implement these principles by contacting me through our social channels or by email at [email protected].  I am here to serve and love hearing from our commmunity.

Thanks for listening.  Talk tomorrow.

George Wright III

_______________________________

7-Step Formula for Growing Your Life & Business

1-MINDSET:  Develop clarity, focus and discipline to create your best life.

Your outcome is controlled by your actions and your actions are controlled by your thoughts.  Everything you do and all your outcomes are created by what and how you think. To create success for yourself, you must first have a good mindset.

Do you meditate?

Are my thoughts positive?

Do you lack clarity?

Do you have limiting beliefs?

Do you get stuck inside your head?

 

2-MAPPING:  Define and create your vision, mission and roadmap to achieve success.

Most people don’t know who they are or what they really want out of life.  It is important to know yourself and to define your ultimate target and outcome.  If you don’t know where you are travelling to then it will be difficult to get there.  

Questions -

What is your why?

What do you really want? 

How do you want to feel?

What do you need to do every day to get there?

What is your unique talent? 

What product or service can you offer?  Is there a market?

 

3-MARKETING:  Identify, target and attract leads to grow your business and brand.

Marketing is often the misunderstood ingredient to success. Countless dollars are spent on advertising campaigns that are misguided and have no purpose.  It is critical to know and understand who your prospects are and to focus on your clients needs.  Remember that “your prospect has a problem that they are trying to solve, and your product or service is going to help them solve that problem”.

Identify your market.

Geographic

Demographic

Affinity/Association

Create your message.

The Prospect Pyramid

The Conversion Equation

Your Market Dominating Position

Your Core Story

Choose and optimize your media.

Digital Marketing

Social Media

Content Marketing

Direct Marketing

Direct Mail

Telemarketing

 

4-MONETIZE:  Build, develop and optimize your sales process to create the most revenue.

Building a selling machine to optimize your business is a key to success and takes time to perfect.  Depending on your type of business this can be done with or without salespeople.  Either way there are systems that need to be put into place.  If you are in a business that requires salespeople then you should have the following systems in place.

How to hire peak performers

Onboarding program for immediate engagement

Ongoing training system

Proven scripts

Follow up cadence

Culture that stimulates loyalty

Compensation that creates drive and competition           

 

5-MOMENTUM:  Use proven strategies and tactics to grow and scale your business.

We have all heard of the 80/20 rule.  20% of our efforts are spent on things that create 80% of the results. So, where should you be spending at least 20% of your time to create maximum results?  In business and in our personal lives there are certain things that we can focus on that will give us the results that we are looking for. 

In business there are 5 key drivers.

Leads

Conversions

Transactions

Pricing

Profits

 

6-MASTERY:  Create freedom by scaling the right people, resources, technology and tools.

Time is one of your greatest assets and having a successful business in place that can operate without you will allow you to focus on growth strategies, starting other income producing projects, managing your money and spending time with family. 

Establish the culture

Create efficiencies

Become scalable

Invest in your people

Become the industry expert

Time and skill mastery

Accountability

KPI’s and reporting

  

7-MONEY:  Apply advanced strategies to grow and protect your wealth.

One of the best strategies to reduce taxes and keep more of what you make is to own a business.  Having the right business structures in place is critical to protecting your revenue and assets.  The right estate plan in place is critical to preserving your wealth for generations.  Learn time tested and proven strategies to invest wisely and grow your wealth 

Asset Protection

Insurance

Tax Planning

Bookkeeping

LLC vs Corporation

1099 vs W2

IRA vs 401K

Rent vs Purchase

Investment Options

 

In the fast-paced world of business, it's easy to feel overwhelmed and stressed out. With a million responsibilities and tasks on our plate, it's easy to become distracted and lose focus. However, as a CEO, business owner, or entrepreneur, mental discipline is absolutely crucial for success. Mental discipline is the ability to keep your mind focused and clear, despite overwhelming distractions or stressors. But it's also the ability to execute on your goals and priorities consistently daily regardless of your mood, emotions, or distractions around you. Today let’s talk about the reasons why mental discipline is so important, ways to increase your mental discipline, and a little of the science behind why it’s important and how it works.

The Importance of Mental Discipline

Mental discipline is a key to success in any field, particularly the world of business. When you are mentally disciplined, you can stay focused and productive, even when faced with stress or difficult decisions. It allows you to maintain a clear head, make rational decisions, and stay motivated to achieve your goals. Mental discipline is also key to avoiding burnout, staying healthy, and maintaining a good work-life balance.

Personal Development vs Mental Discipline: What's the difference?

Ways to Increase Mental Discipline

There are many techniques that you can use to increase your mental discipline, including meditation, mindfulness, and visualization. Meditation involves sitting quietly and focusing on your breath, which can help calm your mind and increase your ability to concentrate. Mindfulness involves being present in the moment, observing your thoughts and emotions without judgment. Visualization is a technique where you visualize yourself achieving your goals, which can help increase your motivation and focus.

Ultimately, it’s about training your mind to do what’s uncomfortable so you can execute despite your mood or circumstances...

The Science Behind Mental Discipline

There is a growing body of scientific evidence to support the benefits of mental discipline practices. Studies have shown that meditation can improve focus, reduce stress, and increase cognitive function. Mindfulness has been shown to reduce symptoms of anxiety and depression, increase emotional intelligence, and improve decision-making abilities. Visualization has been used by athletes and performers for years to increase their performance and improve their mental focus.

But ultimately, you will see the real benefits of Mental Discipline in your overall satisfaction in day-to-day life...your relationships, your fulfillment level, your passion and YES, your confidence and self-esteem.

Creating a Mental Discipline Plan

So how to you go about starting to create a plan for increasing your mental discipline? Start by identifying your goals. What are the areas where you struggle to maintain focus or clarity? Next, choose a technique that resonates with you, whether that's meditation, mindfulness, or visualization, or even daily rituals that you STRUGGLE WITH. That's the key. Make sure that you set aside time each day for your Daily Rituals, even if it’s just for a few minutes at first. The key is Commitment and Consistency. Absolutely zero variance. And finally, be patient with yourself and Don't Give Up...EVER!! Developing mental discipline takes time and practice, but the benefits are well worth it.

75 Hard is an excellent example of a program with Billions of Hits.

Most importantly, Mental discipline is a crucial skill for any CEO, business owner, or entrepreneur looking to achieve success. It is a SKILL not a TALENT. It is something Build and Develop...You are not Born with it. Joe Rogan likes to say he is the laziest discipline person he knows...think about that. By creating Daily Rituals like reading, journaling, meditation, mindfulness, and visualization, you can increase your focus, reduce stress, and improve your decision-making abilities. And with the growing body of scientific evidence to support these techniques, there has never been a better time to start developing your mental discipline skills. Remember, consistency is key, so make sure you set aside time each day. With time and effort, you can master your mind and achieve your goals.

 Thanks for listening today.  Please share the show.  I appreciate your support and being a part of the Mastermind Community.  George Wright III

#mentaldiscipline #dailyrituals #meditation #visualization #journaling #bestlife #dailymastermind #jointheevolution #75hard #andyfrisella #joerogan

Welcome back to The Daily Mastermind...   Today I want to talk to you about Reframing Your Past, Present & Future Life. I hope these thoughst will inspire you to make Rapid Transformations in Your Life...   The Power of Preparation, Hard Work, and Learning: Colin Powell once said, "There are no secrets to success. It is the result of preparation, hard work, and learning from failure." This quote serves as a reminder that there are no shortcuts to success. It takes dedication and perseverance to achieve your goals. Embrace the mindset that hard work and continuous learning are essential for personal growth and success.   Reframing Your Past, Present, and Future: Dr. Benjamin Hardy, co-author of best-selling books like "10x is Easier Than 2x" and "Who Not How?", introduces a powerful concept on reframing. He suggests that successful individuals focus on how they use their past, present, and future to shape their activities and results.   Common Approach: Using the Past to Define the Present: Many people look at their past experiences and circumstances to define their identity in the present. They attribute their current situation to their past and believe it determines their abilities and potential. However, this limiting belief prevents them from rapid transformation and growth.   Powerful Approach: Using the Present to Frame the Past: Rather than letting the past define who you are in the present, successful individuals use the present moment to reframe their past experiences. As you progress in life, you gain a new perspective on past events. You begin to view these events as opportunities for growth and learning, rather than as limitations.   Dr. Wayne Dyer emphasized the importance of looking back at your life's tapestry. With time and distance, events take on new meanings. Overwhelming experiences become valuable lessons, shaping your present and future decisions. Embrace the practice of reframing your past to focus on the positive, empowering aspects that contribute to your personal growth.   Shaping the Future: While many people use their present circumstances to determine their limitations and goals, successful individuals do the opposite. They create a compelling, clear vision of their future selves to shape their actions in the present. Instead of allowing their present circumstances to dictate their future, they draw inspiration from their future selves.   Setting 10x Goals: To achieve rapid transformation and extraordinary results, set bigger goals than what you currently believe are achievable. Stretch your vision and aim for a 10x version of yourself and your life. Setting ambitious goals forces you to reevaluate your current actions and strategies. You realize that 80% of your efforts might not contribute significantly to your desired outcomes. By focusing on the 20% that produces the best results, you can find new paths to success.   Choosing the Present Moment: Remember, both your past and future are merely drafts. Your past is continually being rewritten through the filter and frame you put on it. Your future version is constantly expanding as you gain knowledge, confidence, and new opportunities. The present moment is where you have the power to actively choose what to focus on and emphasize.   Emphasizing Growth and Learning: Instead of dwelling on negative experiences from the past, focus on the lessons learned and the growth that resulted. Use these experiences as stepping stones towards your future success. Similarly, create a vivid future vision that guides your actions in the present. Embrace the belief that you have the potential to achieve massive results and live your best life.   Conclusion: Reframing your past, present, and future is a powerful concept that can lead to rapid transformation and extraordinary results. By using the present moment to frame your past and drawing inspiration from your future self, you can shape your activities and mindset in the present. Embrace the belief that your past does not define who you are, and set ambitious goals to propel yourself towards a compelling future. Choose to live a life filled with growth, learning, and purpose, and watch as you create a remarkable and fulfilling journey.

Welcome back to the daily mastermind... Today we're going to delve into the concept of acting in spite of our mood, a fundamental pillar of prosperity.    The Prosperity Pillar #3: Act in Spite of Your Mood Embracing the Warrior Mentality In the words of the legendary Bruce Lee, "The successful warrior is the average man with laser-like focus." This quote encapsulates the essence of acting in spite of our mood. Despite our emotions and external circumstances, we must learn to cultivate unwavering focus and determination.   Overcoming Challenges and Embracing Growth Life is filled with challenges and obstacles that can sometimes hinder our progress. The key to surpassing these hurdles lies in our ability to push through our feelings. Whether it's tackling mundane tasks or pursuing our passions, we must develop the resilience to act despite any emotional resistance.   It's Not About You, It's About Impact One effective way to overcome feelings of insecurity or fear is by shifting our focus away from ourselves and towards others. By making our actions about the impact we can have on the world, we find the motivation to press forward even when our mood may be holding us back. Let go of self-doubt and embrace your ability to create positive change in the lives of others.   Strategies for Acting in Spite of Your Mood   Set Goals for Clarity and Direction Setting clear goals provides us with a sense of purpose and direction. With a defined intention in mind, it becomes easier to take action regardless of our mood. When we have a destination in sight, we can navigate any emotional roadblocks that may come our way.   Make Commitments and Stick to Them Commitments hold immense power in propelling us towards our goals. When we make a commitment, we eliminate the need to constantly decide whether we want to take action. Instead, we forge ahead, guided by the promises we've made to ourselves. The decision has already been made; now it's time to honor it.   Embracing the Five Second Rule The five-second rule is a simple yet powerful tool for combatting doubt and indecision. It states that when a doubt or hesitation arises, we must act within five seconds to prevent our minds from undermining our progress. By taking immediate action, we effectively silence our doubts and move closer to our desired outcomes.   Harness the Power of Power Statements Crafting power statements such as "I am," "I act in spite of my mood," or "I am unstoppable," can rewire our thought patterns and fuel our motivation. These statements serve as reminders of our capabilities and serve to eliminate self-doubt. Reaffirm your belief in yourself and your ability to push through any emotional barriers.   Change Your State to Change Your Actions When feeling unmotivated or uninspired, try changing your state through various sensory inputs. Engage with uplifting music, surround yourself with inspiring visuals, or journal about your dreams and aspirations. These small shifts can have a profound impact on your mood and propel you into action.   Cultivating Habits and Daily Rituals Create healthy habits and daily rituals that align with your goals. By establishing a consistent routine, you train your mind to automatically push through any resistance or emotional barriers. Over time, acting in spite of your mood becomes second nature, leading you to greater success and fulfillment.   Acting in spite of our mood is a powerful principle that can unlock new levels of prosperity and success in our lives. By pushing through our emotions and taking action, we transcend our limitations and create the life we truly desire. Remember, it's never too late to start living the life you were meant to live. Take control, embrace the warrior within you, and watch as your dreams become a reality.   Thanks for listening...Please share the show...   See you tomorrow morning...George Wright III

Well if you haven't listened to the podcast Monday and Tuesday you will really be kicking yourself and I encourage you to do it right now.   Today on the podcast I have Part 3 (the final part) of a behind the scenes look at a conversation I had with my good friend...the Founder and CEO of Bhood Clothing, Patrick Baker Jr.   Bhood is a global brand that Patrick started out of his van and grew to the point that he is now selling to the WORLD. He has a unique way of helping you to understand that your reality is created from within and that you truly have the ability to Create Your Best Life if you will tap into the greatness you have inside you.  Enjoy and go checkout Bhood.com when you get a chance.   Thanks for listening. George Wright III

Yesterday I shared an episode of the podcast which was a deep conversation I was having with one of the most driven, passionate and consistent Businessmen I know...Patrick Baker Jr.   Patrick is the Founder and CEO of Bhood Clothing.  Bhood is a global brand that Patrick started out of his van and grew to the point that he is now selling to the WORLD. You may have seen the huge store he has in vegas or you may have purchased from one of many other locations around the world, but one thing is for sure...if you've run into Patrick, he has stolen your attention with a message of how to Create Your Ultimate Reality "from within".   Today I am sharing the second part of a behind the scenes conversation I had with Patrick that will quite literally change your life forever.   I hope you enjoy, and please share the show. George Wright III

Is it possible to create a life that you truly want to live...an Epic Life...the Best life...The Life You Deserve to Live?   Of course the answer is yes! But I have found that you have to really work on shifting your perspective and your understanding of what truly creates change and what is ultimately manifesting the life that you are living.   Today on the podcast I have a behind the scenes look at a conversation I had with my good friend...the Founder and CEO of Bhood Clothing, Patrick Baker Jr.   Bhood is a global brand that Patrick started out of his van and grew to the point that he is now selling to the WORLD.  He and I have some real conversations when we have time to connect and today I want to let you listen in to Part 1 of a 3 part series Patrick and I had about Creating Your Ultimate Reality.   I hope you enjoy.  Please share this show so others can hear the message. George Wright III