b.cognosco
Where leaping to conclusions is my primary form of forward motion.
Most Popular
- Historical Yearly Average Gasoline Prices
- Outlook 2003 Message-ID Insanity
- Real-time Sand Animations
- Adobe Acrobat 7
- Adobe Announces Name Change and New Product
- Largest Technology Boondoggle in Public Education History
- Yahoo! Buys del.icio.us
- Skype - Disruptive, Not Compelling
- Aluminum Christmas Tree Museum
- Network Printing Hell and windoze XP
Book Reviews
Recently
Friday, March 14, 2008
That Queasy Feeling
You know that feeling you get when you know you're about to get bad news, like going to the doctor when you think the diagnosis will be bad? I have that feeling and it will stay with me for the next six to eight weeks.I spent two hours with the new accountant today. We made some real progress and I feel good about how the project is going. But it's not over. We (the accountant, my office assistant, and me) will spend another 3-4 hours together on Thursday making sure that all the stuff we've done in between is right and proper. Then my assistant will go about getting the rest of the data entered.
So what's the queasy feeling? Taxes. I get it every year at this time - when I'm forced face-to-face with the unbelievable burdens our beloved government places on the self-employed. Every person in America ought to run their own business and have to pay their own taxes for a couple of years. It ought to be mandatory - like serving in the army or something.
There's no way in hell our tax system would be as abusive toward small business owners if everyone had to do it instead of having their employer pay taxes for them. It makes me ill to see the morons on TV commercials grinning stupidly when they say, "I'm getting money back!" as if the freakin' government has given them some sort of bonus.
But it's not just the Federal income tax. It's the state income tax, the Federal unemployment tax, the state unemployment tax, the MediCaie tax, the Social Security tax, the self-employment tax. Not only do I have to pay these, but my company has to match many of them. Yes, correct. I'm the only employee but I have to pay them twice. But that's just the personal tax. Don't forget the corporate tax, because my little one-man operation is an S-Corp.
And what does my money go for? Well, according to the Congressional Budget Office (pdf) 53% - that's five-three - of the 2007 Federal Budget went to welfare and other entitlement programs (foodstamps, MedicAid, etc), 20% went to the Department of Defense, 18% goes to everything else - like education, roads, the FAA, etc. What's worse, the Federal government employs 2.5 million people, most of whom are worse than useless as they do stuff that is completely unproductive and just gets in the way of the very few people left who actually do useful things. The Federal payroll is about $13 billion (billion, with a B) per month.
Being forced to face this every year turns me into a real grouch from about February thru April. And makes me completely intolerant toward my idiot acquaintances who think taxation is some sort of tool for punishing the rich. Being a Presidential election year doesn't help, with candidates spouting the stupidest economic fantasies one can imagine and throngs of near-retards buying into it.
The only reason these dimwits can think this way is because the government has cleverly isolated them from paying their own taxes by making the employers do it. Oh, and they are all functionally illiterate in basic economics.
So I am not happy. I am a grouch. And unless you want to really ruin a conversation don't mention politics or taxes to me until sometime around July. And if you work in some government-funded job, don't speak to me at all unless it's to say "Thank You."
Sunday, March 9, 2008
Outsourcing The Big Tasks
It's been a while since I updated my outsourcing efforts. I've been head-down in trying to get my major task - bookkeeping and accounting - under control. I have been trying to find the right solution for this for over five (5) years.I am, apparently, unique in my requirements. I just fired my second accountant for failure to help me do what I need. But I can't imagine that I am alone in what I want. I have a small service business. I am a consultant. I travel extensively. I am a sole operator. I have no employees. I need, and have needed, someone to help me setup a bookkeeping and record keeping system that I can understand, that meets all the requirements of the government for taxes, and for which I can outsource the day-to-day tasks of data entry, filing, etc. [More...]
Terry Frazier at 2:52 PM
| Permanent Link
| Trackback URL | Categories: Globalization, Productivity
Thursday, February 7, 2008
No More Slogging
I was discussing the 4–hour Workweek principle of Efficiency vs Effectiveness with a colleague today. Efficiency is doing as many things as possible within a given time – more often called being productive. It’s what we’re trained to do since grade school. It’s what all the time management programs are designed around. It’s what we all think of when we start looking at the pile of things on our desks and wonder how we’ll get them all done.
Efficiency creates slogging — slogging through all the crap we do on a daily basis without really assessing whether what we’re doing is the very best use of time and energy. I am a slogger. So is my colleague. Nose to the grindstone. Dedicated. Hard worker. All these phrases are associated with sloggers. We’re taught from an early age that getting everything done is important. If something is worth doing, it’s worth doing well. Yada yada yada. This is just not true. Here are two truisms from Tim Ferris:
- Doing something unimportant well does not make it important.
- Requiring a lot of time does not make a task important.
Slogging also leads to wasting time. Are you checking e-mail 50–100 times a day? Why? Probably because you feel like you need to respond to things immediately. Do you answer every phone call? Why? Probably because you feel compelled to respond to every inquiry. But every time I check e-mail, or answer the phone, or do anything that distracts me from doing the one important thing I lose 30–45 minutes of time just getting my head back into the important thing. By that time some new interruption has probably occurred and the cycle starts over. At the end of the day lots of unimportant things have been completed, but the one important thing is still sitting there, waiting. And waiting. And so I slog through the night to get it done.
Corporate people are great sloggers. They spend their entire day going to pointless meetings, answering e-mails, and returning phone calls. Then they either come in early, stay late, or come in on weekends to do the important things that only they can do. And the more “productivity” goes up, the more they slog.
Effectiveness is doing the right thing, the one important thing, and only that thing. It requires taking a hard look at everything you do and asking yourself one question — “If this is the only thing I accomplish today, will I feel like it was a good day?” If the answer is no, don’t do it. Just move on to something else. Find the one thing that will make it a good day. If there is time left when you’re finished find something else and ask the same question again.
Truly effective people never have more than two or three things on their To-Do list, and each of those things is significant. Everything else gets ignored or delegated. Virgin brand billionaire Richard Branson has reportedly said that everything he needs to do to run his empire can be accomplished in 30 minutes a day. I don’t know if this is true or not, but I do know that people like Branson have a fundamentally different view of the world than most folks, and they don’t slog their way through life.
Slogging creates stress. Effectiveness creates freedom. Slogging is like Brownian motion – random movement that doesn’t get you anywhere. Effectiveness is what creates meaningful output. And meaningful output — e.g. accomplishment — is what creates success.
Here’s my new motto — No More Slogging.
Syndication
Contact
Presence
This Page was last updated: Wed, 02 Jul 2008 21:06:57 GMT
