#558 The 1 Year Rule: How The Rich Dominate Business

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 14 January 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen explain how to create a comprehensive, actionable plan for the year ahead. They discuss the value of aligning your goals with a long-term vision and offer tips for making measurable progress while staying flexible enough to adapt as needed. Here are some of the highlights: Mark and Mat emphasizes the importance of having a strategic plan that can lay the foundation for the next 10 years ahead.Mat discusses th...

Transcript

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0:00.0	Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.
0:05.5	Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,
0:12.3	making them the leading tax and legal experts in the nation.
0:16.1	Together, they'll unpack the most complex tax, legal, and financial strategies,
0:20.6	crucial for saving more,
0:22.1	stressing less, and building generational wealth. Today, they're your personal advisors.
0:28.1	Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt.
0:34.5	Some of you may go, well, I only have $10,000 in my IRA. Well, look out at the national
0:39.1	average. The average American doesn't have more than $1,000 in savings. You're in the top 10%.
0:44.4	We can be tunnel vision. This is the way my business is. Maybe we need to pivot and maybe change
0:49.4	the business model a little bit. It doesn't mean you're a failure. Business is all about change,
0:54.8	being able to move with the market, and those are the businesses that are successful. Sometimes you have to take
0:59.0	one step back to take two steps forward. You need a little bit of get ready time before you
1:03.9	go climb the mountain, so to speak. But I'm telling you, there's a whole other group of people out
1:07.5	there that have been packing their backpack for three or four years.
1:10.9	Would you start hiking a mountain already? Okay.
1:18.6	Welcome, everyone, to the Main Street Business Podcast. This is Matt Sorensen, joined by the
1:22.5	incredible Mark J. Kohler. We are excited to be with you today talking about Mark.
1:27.3	The strategic plan.
1:30.0	I think the strategic plan is so, so important. Something that we have both written a lot about,
1:36.5	specifically me and a couple of my books, I have chapters on this. It's a part of our annual
1:41.3	calendar that we distribute and sell.
	...

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