I’m going to start pulling my Monday Morning Messages from the favorite quote sections of my Facebook friends. Here we go.
“The world has the habit of making room for the man whose actions show that he knows where he is going.”
Napoleon Hill
You are currently browsing the monthly archive for June 2009.
There’s a great definition of a commodity on Wikipedia. It says:
..it is a product that is the same no matter who produces it… one of the characteristics of a commodity good is that its price is determined as a function of its market as a whole…
So, if what you are doing shows no effectual differentiation between your competitors, then you better wake up! You are being commoditized (this is happening in my industry, and CPA firms are still asleep!). When you’re commoditized, all you have to compete on is price. And when you compete on price, the low price dealer gets the job or gets to sell the product or service to the consumer. Believe me, you don’t want to play there. That’s where Wal-Mart plays, and frankly, they stink and don’t add any value to my life.
Instead, be innovative, and change the delivery of your commodity into a value-added service. That is, create a new way to deliver your product, or an add-on service to go along with the commodity or even scrap your product all together and rebuild it in a way your industry has not done before. This will create your own specialized market for your product or service and will allow you to charge a premium because the consumer can’t get it from anyone else.
Anything I missed? Do you disagree? Leave it in the comments.
Of course, I’ve got to spotlight the World Wide Developer’s Conference (WWDC) where new stuff was released on the iPhone, the MacBook and the new Mac operating system, Snow Leopard.
1. First up is the iPhone where it can do new amazing things like support video, allow you to operate the phone via voice (something I’ve been dying for), adds a new compass and allows for the ability to send text, photo and video messages – GoSee
2. Apple has also updated the MacBook Pro and added a 13″ version at $1,199. So now they’ve entered into the “netbook” arena but stepped in pretty heavily with the Pro version of their laptop – GoSee
3. Snow Leopard, the new Apple operating system, allows for Exchange support now. This again brings Mac into the PC world allowing ANY user to easily use the Mac products, OS and softwares seamlessly in a PC world (installing the new Snow Leopard will actually free up 6 GB of disk space on your laptop – Amazing!) – GoSee
Thanks, Jason M. Blumer
You may have heard of the Section 529 college tuition savings program. This lets you sock away some big bucks for college savings for a child or grandchild. And it covered most of what you would need for college… except the computer (unless required by the college or program).
But now under the recent stimulus act passed by Congress, you can pull funds out of the 529 plan to pay for computer purchases and the related technology. No requirements or stipulations imposed by the college or program. Pretty cool…
I love Intuit. They are mostly known for their accounting software, QuickBooks, but they are highly innovative in their use of technology, their creation of new technologies and their commitment to resourcing their current and future products.
1. Did you know that Intuit has a whole marketplace of third-party add-on software that can do anything QuickBooks is NOT designed to do (from Fund Accounting to Auto Dealership Management to Law Practice Tools to Meter Billing to GPS and Dispatch Tracking)? And they are all designed to fit right inside QuickBooks and sync with QuickBooks to perform the related task and tie it to your financial software. Browse away – GoSee
2. Intuit also has IntuitLabs, where they are always experimenting with the latest and greatest technologies and new software apps. I note that they are doing a lot of development aimed at the mobile phone, like Intuit GoPayment, where you can accept credit cards on your phone (the lame stock photo of the geek in a hard hat kinda stinks, but look past it, will ya?) - GoSee
3. For major geeks that like to write software and do it with a platform used by virtually all small businesses in North America, Intuit has a place for you. It’s called the Intuit Developer Network and you can geek out to your heart’s content on the SDK, Xtify Application contest ($7k grand prize) and Federated Applications (where you can immediately publish your app to some “25 million employees within the 4 million small businesses using QuickBooks”) Bring it! – GoSee
Thanks, Jason M. Blumer

If you just bought a house in 2009 (before December 1, 2009), and you are a first time home buyer, I have good news for you. Even if you’ve already filed your 2008 tax return, you can amend your 2008 tax return and claim the $8,000 credit and get your money back now; faster than if you waited to claim the credit on your 2009 tax return! Form 5405 for the tax year 2008 has been updated to reflect the purchase of a home in 2009 which can be claimed in 2008.
If you’ve never owned a home, at least within the last three years, and haven’t considered buying a house, now is the time to consider it. Passing up $8,000 is almost out of the question in this economy. Listen to the IRS talk about it here (… and in spanish!).

Dude and homey.
This month’s Client Highlight is of our long-time client, Jim Coombs Contracting, Inc. We have seen their business change greatly over time, and the Coombs have come to heavily rely on our firm to help them wade through the many challenges of how their specialty contracting business has grown over time.
They travel to many states and Mexico installing basketball goals, science lab cabinets, bleachers and clean rooms. That’s the only type of specialty contracting that they do… and Jim is well knownfor it. He is a master in his industry and he and his installers are sought after to do this specialty type work more and more. Dawn runs the company from their headquarters in Easley, SC and interfaces with us on most accounting, financial and tax issues.
They are very dedicated to their business, they are very wary of the changes coming in their business and they are VERYcool (Dawn and I pass iTunes music back and forth often… from rock ‘n roll to rap to blues). Here is a tattoo picture to prove that point:

Dawn's latest edition...
As with all of our Client Highlights we ask our clients to answer four questions about their business. Here they are:
What have you or your organization done to remain competitive and successful? In contracting, integrity and accountability are too often a challenge to acquire for customers in need of a service. We work in educational and industrial facilities where the dues and demands are high. We have tried our best to keep prices competitive for the services we provide, but still we are not the least expensive; however we are cost effective. For sixteen years now we have always done what we said we were going to do and when we said we would do it. In times when we couldn’t, we called the customer to make what ever changes were needed. We have been willing to be inconvenienced within reason to get the job done when required. I feel that due to these few simple principals, we have been a success thus far.
What do you or your organization foresee as the greatest business obstacle in the near future? We are seeing prices drop as people are becoming out of work. We have seen many purchase orders postponed or cancelled. Finding a way to maintain a profitable volume to keep our employees working is a challenge right now.
What do you enjoy most about your work? The people and travel. As a specialty installation service we get into many interesting projects that take us all over the country. Our athletic equipment installations keep us in the southeast. Our industrial laboratory and clean room installations have taken us to the four corners of our great country and into Mexico. We are seeing places and experiencing things we otherwise would not.
What has the Blumer firm done to assist you in furthering your business and its operations? Mostly, helped us understand our business. For years we have been unsuccessful in finding an accounting firm to help with financial decisions. As a working-in-the-field business owner and manager, sometimes we don’t step back far enough to see the big picture. I believe that the Blumer firm does. The answers we get are not always what we want to hear. But, having experienced NOT heeding to the good advice once given had profound consequences. We now understand the value of the Blumer firm and their ongoing efforts to serve.
Thanks, Jason M. Blumer
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