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It Usually Works Out

10/2/2024

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Businesses of all sizes almost necessarily have many different pieces that must come together to make them work. All the intricacies that are involved in any business are impossible to know unless you exist deep on the inside.

One of those easy-to-overlook areas has jumped to the forefront this week as the International Longshoremen’s Association has gone on strike and suddenly just how we acquire such varied things as bananas, sugar, liquor, and furniture is now getting more attention than it usually does.

I don’t want to get into any depth here about what has caused this situation and who is in the right or the wrong. Instead, I think that there can be some things to learn here for those running a small business or looking to start one.

From that lens, this shows how there are parts of a business that are a little out of your hands. Granted, I am not writing here to anyone who is at the helm of a massive organization with multiple union concerns where negotiations that are completely out of your hands may have a gigantic impact on your business. There are things every business must do, though, that many don’t think about before they decide to jump in – including insurance, taxes, legal matters, credit card processing, shipping, and any other of dozens of possibilities of things - that are necessary to properly operate as you desire.

And these things can feel scary. Like in the case of this strike, if it gets to a point where it becomes difficult to get something that you need, it will be incredibly frustrating when there is nothing you can personally do to take care of that.  It will be a moment when what you desire will feel dependent on the actions of others.

These moments stand out, though, because of how rare they are. If anything, it is much more often astounding than frustrating how often we can rely on such things that are out of our hands. Now granted, when it comes to business, it is still a very good idea to take time to research who you operate with.  But once you find someone you are comfortable with, you must then have some level of trust. And when your business reaches a new spot where you need a new piece of assistance, don’t be afraid to jump again.

This helps you stay most interested and invested in the parts of your business that you enjoy the most and most of the time that only works out wonderfully.

Warmly,

Josh Bousquet
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To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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