Note: Running Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the Entrepreneur’s Playbook™ page of the PKF Texas website.
Among the many attributes of successful entrepreneurs, business executives and advisors is the ability to foresee change, and even more importantly, the ability to adapt and execute a plan of action consistent with that change.
When President-Elect Barack Obama began his campaign of “change” in spring 2007, one of his consistent campaign messages was his desire to see fundamental changes in U.S. policy.
Here are some particular proposals that bear watching.
• Healthcare
• Energy and Environmental Policy
• U.S. Job Growth and Protection
• Overall Tax Policy
This new environment adds even further complexities to our ability as business owners and advisors to make planning decisions. Changes to the tax code will be a combination of stimulus and investment incentives, revenue raisers, deterrents, and attempts at social reformation.
As significant changes occur, using your team of business advisors to stay abreast of the most current information available to monitor Congressional proposals will rise to an unprecedented level of importance.