Entrepreneurship: Why Your Employees Are Your Biggest Asset

Marco Flores, the owner of MFCPA, addresses the importance of investing in employees and why it is the most essential pillar of your overall business strategy.

Heather:

What are some techniques you use to help your clients be on the smaller percentage end of paying that taxes?

Marco:

Yeah, so I think the number one thing is to invest in your employees. That's the one thing that I think every business owner needs to do. Now, of course, if you don't have any employees, or if you're like Marc and you're doing the Philippines thing, it's a little bit different. I always say your employees are your biggest asset.

Marc:

And that's true even for outsourcing because it's like a whole other family of employees. It's a culture, it's just online.

Marco:

So I think the difference is implementing something like a 401k or there's just every dollar you spend as a business owner is, in theory, it's a write-off. It just has to be for a business purpose. We do a lot of planning. We do a lot of year-end planning. Okay. Go out, buy a truck, buy a piece of equipment before the end of the year, whatever it may be.

But I think it's really just making it something that makes sense for the business, not forcing it.

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