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Blog Archives - Eric S. Degen, CPA Titan Accountancy

February 21, 2022

Excellence is Never an Accident

“Excellence is never an accident; it is always the result of high intention, sincere effort, intelligent direction, skillful execution and the vision to see obstacles as opportunities.” The above anonymous quote was displayed prominently in an office, where, oddly enough, it seemed to attract very little attention. In any case, it has made enough of

October 26, 2021

Nothing Stays the Same – Be the Gardener

Nothing ever stays the same. On the one hand we despise change yet on the other we don’t want to stagnate and become boring. Yet our habits keep us locked into a course of action day after day, year after year. The way we think, the way we behave, the way we experience things, the

August 10, 2021

Adapting to the Pandemic – What Comes Next?

The Covid-19 pandemic forced many small businesses to become resourceful and innovative about how they conducted business.  While we are all still on the road to recovery, some of the hybrid business models used to adapt that came from necessity may be here to stay.  Below are four ways small businesses adapted in response to

July 27, 2021

The Top Three Mistakes Entrepreneurs Make According to Mark Cuban

You may know Mark Cuban as the Owner of the Mavericks, perhaps your exposure to him may be as a technology company billionaire, or you may be more familiar with him as an investor on the hit show Shark Tank, where entrepreneurs pitch their business ideas to a panel of investors in an attempt to

July 20, 2021

Solving Problems and Making Decisions

Problem solving and decision-making are key roles in any business. However, many people often try to solve problems and make decisions by reacting to them before they fully understand all the possible factors. They feel that the quickness of a decision is more important than the long-term outcome. There are times when a quick decision

May 24, 2021

5 Simple Steps to Building Business Credit

  Building business credit plays a crucial role in your company’s funding ability.   Except for Sole Proprietorships, which operate without any legal or financial distinction between the owner and his /her company, your business has the ability to establish its own credit file, separate from you as an individual.  It should build it, protect it

May 11, 2021

What Is Benchmarking?

Benchmarking is the process of comparing your own organization, operations, or processes to prior period results and/or to other organizations in your industry or in the broader marketplace.  Many organizations compare themselves to competitors to identify and eliminate gaps in service or product delivery or to gain a competitive edge.   The most common driver

May 11, 2021

Ten Tips for Choosing a Tax Preparer

  Taxpayers are ultimately responsible for all the information on their income tax return. That’s true no matter who prepares the return. Here are ten tips for taxpayers to remember when selecting a preparer:   Check the Preparer’s Qualifications.Use the “IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications”.  This tool helps taxpayers find

May 11, 2021

LLP vs. LLC

There are many similarities between an LLP (Limited Liability Partnership) and an LLC (Limited Liability Company).  However, there are a few key differences one needs to examine in making a choice between registering a company as one or the other.  State laws vary and it is possible that your type of business is restricted (between

May 11, 2021

Habits of Strategic Minds

The strategic mindset is about more than just getting things done.  it is about looking at things in a careful and thoughtful manner.  It is about thinking beyond the simple day to day tasks sitting in front of you. It is about taking a disciplined and effective approach to thinking.  The strategic mindset looks at