The One-Life Game Plan™ Podcast: Recent Episodes
Harry Plack
A podcast for business owners, entrepreneurs, leaders, and executives. Learn how to increase profit, pay less tax, and live life better focusing on what matters most.
Harry J. Plack is the author of Get Your Life Back: Discover the seven steps business owners use to create their One-Life Game Plan™ He's the founder and Director of the Plack Group, a CPA coaching and consulting firm serving business owners and successful individuals throughout the United States. He developed the One-Life Game Plan™ coaching program, which has served senior executives and business owners for thirty years.
A widely published writer, Harry is an authority on a variety of business issues. He has published over 150 articles in journals and business periodicals, and is a syndicated columnist on business matters. His curriculum has been used by colleges and universities in their entrepreneurship programs. Harry has been interviewed extensively on radio, television, and in the print media on both the local and national scene, sharing his expertise on diverse business topics.
He has served on a variety of non profit boards including YMCA, Baltimore County Chamber of Commerce, Beachmont, and FCA Northern Maryland.
He received his bachelors degree in Accounting from the University of Baltimore and earned a masters degree in Management from the Johns Hopkins University.
When talking about marketing, many businsses focus on getting new customers in the door. In this episode, we talk about how to market to existing clients and how to stay in touch with them. For more marketing podcasts, check out our archive! If you are ready to make more profit in your business, check out our free white paper at https://plack.com/profit-whitepaper/
In this episode, you will learn how to better understand tax deductions and charitable giving. This material is for higher income individuals who can do good by donating money, stock, or items to non-profit organizations. If you have questions, head over to https://plack.com/ and schedule a call!
Discover the Seven Steps Business Owners Use to Create Their One-Life Game Plan™. In this episode, Harry discusses how business owners are using the book, Get Your Life Back,to help them regain clarity and control. The book is available on Amazon https://a.co/d/eJfqC9M
This study applies when buying a commercial building.
Generally, when you buy a commercial building, the cost of the building is written off over 39.5 years. That’s a long time, meaning you can only write off roughly 140 of the amount paid each year, and you must take that over 40 years. However, if you get a qualified engineer to come in and look at the different components in a building, you may be able to speed this up substantially.
For instance, when you buy a building, you typically include things like an HVAC system, special electrical setups for computers, and other things such as commercial range fans, parking lots, etc.
All of these items can be deducted a lot quicker and can often be written off 100% in the year in which you purchased the building. The key is to have a cost segregation study done by a qualified engineer before you can take these wonderful deductions.
You can legitimately hire your children, pay them, and take a full tax deduction for that amount.
The key is it has to be reasonable based on the facts and circumstances.
You have some leeway here, but you should get a job description for the client or the child, and the amount you pay needs to be reasonable based on the work provided.
We’ve seen clients hire their children to clean up offices/job sites, and we’ve even had some people who have paid their kids as actors to be in corporate videos and other print advertisements pyramid.
Defined benefit plans are similar to pension plans that were very common 50 years ago. Today it’s more common for a plan based on how much money you put in on the front end and are called defined contribution plans, while a defined benefit plan is based on how much in the way of benefits would be paid to each participant upon retirement.
Some important factors here would be the ages of you and each of your employees and the differences in current payroll amounts.
This plan is especially a great fit if the owner or the ownership group is substantially older than the rank and file employees. Many actuarial calculations need to be done to see if this makes sense for you, but you can put up to $265,000 into a defined benefit plan.
We are honored to spend some time with Sandy Wheeler on the One-Life Game Plan™ Podcast! In this episode, you will hear about taking the company public, new ventures in Archival Video Technology, and the importance of leaving a legacy.
You will not want to miss this conversation!
Learn more about Sandy’s projects:
www.mychapters.org
www.timecapsulesapp.com
An Accountable Plan is a great way to reimburse certain expenses throughout the year, if conditions are met. In this episode, you will hear more about this tax secret and learn how to minimize your tax payment. Get the whitepaper with more tax secrets here: https://plack.com/taxsecrets
Many businesses waste marketing efforts by not tracking results. In this episode, you will learn the key areas that should be tracked so your marketing dollars are not wasted.
Thinking through your pricing is the best way to increase profit in your business. In this episode, Harry Plack reveals how to increase profit and where to begin. Download the free whitepaper on how to boost profits at https://plack.com/profit-whitepaper/
The IRS is hiring new agents. What does all of it mean for you? In this episode, Harry Plack unpacks what's happening and what you can do about it.
As we come close to the end of the year, the best thing a business owner can do is finish strong! In this episode, you will learn exactly what to do so your next year has you ahead of competitors.
Far too many business owners wait until the last minute to plan for their successor. Learn how The Plack Group sets up "no fail" succession plans that will take your stress away.
Here is what Harry Plack is learning during this current season. You'll hear about how to ensure loving people stays a priority and how to set up a growth plan for your employees.
Learn what's happening right now at the IRS and how you can take advantage of the Employee Retention Tax Credit. We can help you find a way to make it work.
Learn what Harry Plack thinks when it comes to our current economic condition and how you and your business can come out on top. You'll learn strategies for keeping and controlling cash and how to boost your team's morale.
We are honored to spend some time with Chuck Bryant, the President & CEO of Pinnacle Forum. Pinnacle is about transforming leaders who transform culture. On today’s episode, you’ll meet Chuck and hear about his passion for helping leaders grow. You’ll learn about Pinnacle Form and how leaders can encourage, equip, engage, and execute for a higher calling.
Are you feeling pain when it comes to your accounting and financial situation? Is it difficult to manage your financial employees?
If you want your company to grow, this is an area that needs attention. You need a new approach. Learn how many growing businesses experience stress-free accounting and financial reports.
Harry Plack uncovers how using an outsourced approach will give you peace of mind and more creativity to invest in your business.
Learn how to pay less tax and increase profit in your business. You may be able to increase profit by 20% by following this approach. Harry unpacks how the Tax GPS™ works and if it might be the right fit for you.
What got you where you are today isn't going to work for the next season. You may need to work less so your business can grow.
Many business owners are too involved in day-to-day decisions and operations. Taking a step back will allow others to take a step up. Learn how you can work less and increase your profit.
Is your business beyond the startup mode and looking to grow? What if there was a system that could grow your business quickly? In this episode, Harry explains how the Plack Group uses the techniques from Scaling Up to create real profit. You hear how you can grow People, Execution, Strategy, and Cash.
You don't have to hate meetings. Getting together with your team can create powerful traction and profit. There's a technique for running a weekly 90 minute meeting that will bring progress to your projects.
Tools and frameworks can help teams play the game of business with better focus and purpose. In this episode, Harry shares a powerful tool: Tractionby Gino Wickman.
Get the V/TO PDF for free here: https://www.eosworldwide.com/hubfs/EOS-VTO.pdf
Visit https://plack.com to learn how to make more profit, play less tax, and live life better.
When it comes to your family business, should you hire children or family members? In this episode, Harry unpacks how to approach this sensitive topic.
Each week, the Plack Group has content available to help you make better decisions. In this episode, you'll hear a preview of what is available.
Harry Plack uncovers what's happening with the IRS and tells you what you can do to protect yourself this year.
Get weekly videos from Harry with advice on taxes and more by subscribing for free at https://plack.com/newsletter/
Business owners should begin January with a clear sense of how the year is going to go. However, many do not. Harry Plack gives coaching and advice for those who don't have a plan, don't have direction, and don't have things ready.
You can overcome those mistakes following this advice!
Get free weekly business advice: https://plack.com/newsletter/
Your business needs YOU to take a vacation.
Business owners sometimes brag about working too much. It turns out that taking a vacation can be a sign of a healthy organization. Learn how to take a guilt-free vacation and move forward.
Resources mentioned in the Podcast:
The Nasty Nine Profit Leaks
https://plack.com/nastynine/
Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
Many companies are missing out on the benefits of having a leadership team. Learn how to build one so your business and team can grow.
Resources mentioned in the Podcast:
The Nasty Nine Profit Leaks
https://plack.com/nastynine/
Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
In business, you will always deal with people. In this episode, learn how to grow your company while maintaining a thriving team culture.
Resources mentioned in the Podcast:
The Nasty Nine Profit Leaks
https://plack.com/nastynine/
Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
So many businesses learned how to act quickly and survive during Covid. Other businesses didn't make it. In this episode, join Harry Plack as he talks about how businesses are recovering from Covid and what to plan for in the coming months so you can continue to thrive.
Resources mentioned in the Podcast:
The Nasty Nine Profit Leaks
https://plack.com/nastynine/
Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
Now is the right time to begin planning for the next calendar year. In this episode, Harry Plack unpacks how to host a strategic meeting and what items of what's to come in 2022.
Resources mentioned in the Podcast:
The Nasty Nine Profit Leaks
https://plack.com/nastynine/
Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
Business owners lose money when they are unaware of out-of-control jobs.
There's an easy way to spot them and control them. This episode breaks down how to do so.
More information about planning a personal retreat is available in Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
Busy leaders living a big life need to take time away from the daily grind. In this episode, Harry unpacks how to think through planning your first personal retreat.
More information about planning a personal retreat is available in Harry's book Get Your Life Back: https://plack.com/getyourlifeback/
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
Busy leaders living a big life need to take time away from the daily grind. In this episode, Harry unpacks how to think through planning your first personal retreat.
This is part one of a two-part episode.
Get free video updates from Harry by subscribing here: https://plack.com/newsletter/
As a business owner and leader, you must learn how to think differently about your approach to business and life in order to create a thriving environment. In this episode, Harry talks about the thinking process that high-capacity business leaders employ to create growing teams.
Business owners often struggle with sales systems and processes. In this episode, Harry uncovers simple techniques that will allow you to gain more sales and have less stress and worry about this topic.