End of Tax Season- 3 Quotes to Keep You Motivated as an Entrepreneur

End of Tax Season- 3 Quotes to Keep You Motivated as an Entrepreneur

Today is April 20, 2018, 10 days away from the end of 2018’s tax season.

Instead of talking about tax and accounting (which I am getting a bit sick of at this point ? ), I want to take this opportunity to thank my team, who’s the most dedicated team I can ask for. 

A couple came in yesterday asking me for tips and advice on quitting their job and starting on their own business.

I couldn’t truly explain how much of an obstacle I had to go through to get to where I am today. And I am far from being a successful entrepreneur. I am still learning every single day.

One weakness I have is team management/coaching. Things that I thought it could be done without intervention would turn out to be completely different from what I expected.

Turns out, everyone’s different. Their perception and understanding of the same issue can be very different from mine. If I had never communicated or demonstrated, how could I have expected the result I wanted?

Sounds so cliché, isn’t it? Yet, it took me a couple of years to recognize my weakness.

It also took me a year to recognize that I can’t really improve on this weakness. It’s better to have someone with this skillset to do that job instead.

I am extremely grateful for my team who came together to plow thru this tax season with me.

I am extremely grateful that they tolerate my flaw and find a way to work together.

Together, we have a “Growth Opportunities” list. We make sure that we have a place to document all the opportunities for improvements. So next year, we can avoid the same frustration as much as possible.

Being a solo-preneur is very different from being an true entrepreneur. You take on more responsibility, more risk, more systems, more clients and more staff.

I picked up a few principles along the way to keep myself going. Many of them are from my long time mentors Tom & Nick Karadza. These are straight from their blog post here.

“You don’t have to get it right, you just have to get it going.”
– Mike Litman & Others

When I first started my business, I had no ideas. I thought that having a CA license means that people would approach me to give me business. Man I was so wrong! A CA license and getting on honour roll can only get you a job interview. Not clients and/or a business.

I scrambled off to start my own website, copying exactly what my husband had at the time. Only Blog Posts, nothing else. No fancy pictures, nothing!

It was not a pretty website, but it did its job.

When I got my very first speaking opportunity, I was so nervous. I stumbled so many times and I put so much complicated numbers and charts that people could barely understand me.

I somehow did it. It wasn’t perfect, but it did the job!

“You have two doors in life: one door is marked security and the other is marked freedom. If you choose the door marked security, you lose both.”
– Robert G. Allen

This week is the first week of our gym’s 12 week challenge, which requires us to workout 4x a week and a straight diet. Today is also April 20, 10 days away from completion of our 2018 tax season.

I have the “freedom” to dedicate the times to workout 4x a week because I am willing to sacrifice the “security” that I have from a job. It’s hard for someone who has a 9-5 job to make such a commitment.

For that, I am always grateful for.

Just for the record, I do work morning hours and weekends to make up for the time lost, but hey, without the sacrifice of security, how could I have the flexibility that I have for today?

“Poor people have big TVs. Rich people have big libraries.”
– Jim Rohn

I used to have big TVs at home when I was alone. I had 3 TVs at one point, all by myself! I had one in the living room, one in my bedroom, and one in the guest room. Why the heck did I need so many TVs?

I watched the sitcoms and basketball every night. I would fall asleep in front of the TV. And Jim Rohn is probably right, I was living pay check by pay check at the time.

Today, I still had the same TVs, but we rarely turn them on.

We get up at 6am in the morning and start our work early. We traded the non-productive hours with sleep. We traded the early sleep with productive mornings.

The rumour is that Tom Karadza reads one to two books every week. I can’t keep up with the speed for sure, but I do have my library of audiobooks with me.

I can’t tell you how much I have learned from these audiobooks over the years.

Marketing, life, learning about myself. You name it!

Thank you for reading this motivational blog post till now. I am going to get back to my heavy tax/accounting tips next week!

Enjoy the sunshine today!

Until next time, happy Canadian Real Estate Investing.

Cherry Chan, CPA, CA

Your Real Estate Accountant

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