Mike Colabrese

Self Employed | CPA Exam 2/4

[Mike Colabrese @MAColabrese]

I am currently a Self Employed Bookkeeper and Tax Preparer. I will become a CPA and the Owner of a firm that specializes in Fractional CFO Services and Tax Strategy.

[Mike Colabrese @MAColabrese]

@Taxguy33962 All I heard is that it is being released in the fall.

[Mike Colabrese @MAColabrese]

With AI moving in the direction that it is, having a 9-5 job is riskier than starting your own business.

[Mike Colabrese @MAColabrese]

I need to get over feeling cringe posting content

[Mike Colabrese @MAColabrese]

Being self-employed and being a business owner are often used interchangeably, but are drastically different. Both have their pros and cons, but thinking you are a business owner when you are actually self employed does not unlock the freedom you were looking for.

[Mike Colabrese @MAColabrese]

@Taxguy33962 Local

[Mike Colabrese @MAColabrese]

There will come a time when the friends, who stopped being your friends because you no longer party or accept their plans, will ask you how you became successful. Your reply is "I was telling you how by saying no to the plans that did not align with my goals"

[Alex Hormozi @AlexHormozi]

At your funeral, friends and family will argue over who gets your belongings.

People will talk about the food and the venue.

Your life will be summarized in 2-3 paragraphs.

Conversations will shift from your life to their lives.

Your friends will drive away thinking about what’s next on their to-do list.

Some people won't be able to make it because "something came up."

And most of the people you know today won’t even be there.

You’re gonna die.
People will move on (in weeks not years).
Do what you want.

[Mike Colabrese @MAColabrese]

I think a lot of people want to be successful until they realize what it takes

[Mike Colabrese @MAColabrese]

This season of my life could potentially have the biggest impact on my family's future.

[Mike Colabrese @MAColabrese]

If its important to you, you'll find the time. Just start and see if its actually important to you

[Mike Colabrese @MAColabrese]

I need to remind myself that If it were easy I would be disappointed.

[Mike Colabrese @MAColabrese]

I consume more info than I can implement. And then want to implement everything at once without prioritizing what needs to be done first, resulting in little to no improvement. The business has been growing accidently. I need to start making an effort to be more intentional

[Mike Colabrese @MAColabrese]

@ankurnagpal Solo

[Mike Colabrese @MAColabrese]

@Taxguy33962 Dell XPS

[Mike Colabrese @MAColabrese]

@AlexHormozi 🤣

[Mike Colabrese @MAColabrese]

This is what business owners expect from 3rd party vendors, yet expect to pay much less than an employee. If you offer this to businesses, and you are struggling to make a profit, raise your prices and find the customers that understand your value.

[Mike Colabrese @MAColabrese]

If you hired an employee that did not need training, and actually just needed to ask a few questions about your business and knew exactly what to do and immediately free up your time, would you pay this employee more?

[Mike Colabrese @MAColabrese]

Do what you said you were going to do.

[Mike Colabrese @MAColabrese]

It is the primary goal of the business owner to provide the lowest cost possible to their customers AND the highest cost possible for their employees. The only way to truly achieve this is provide so much undeniable value that the market price of what your selling does not matter