Preparing for your success

Welcome. My name is Thomas.

I'm here to share in this video of the goals uh of my coaching and membership program

that's created for new tech professionals who want to get

started in this career industry of tax preparation and taxation.

Uh They're not in any certain order.

And so the first one that I wrote down was matching your knowledge and skills. So

as you start out in this industry, you want to become knowledgeable,

you wanna become skillful at preparing 10 40 interview to tax returns,

you want to be able to do ABC D E and other types of

tax returns uh and fill out all different types of forms and schedules um that

you're gonna experience uh with being in this industry

by having difficult types of clients that

have different types of situations going on.

And so we want to get good with that professional software training.

We want to get good at mastering the software that we're gonna use that way.

We're not taking 45 minutes to do a 20 minute

return because your type of skills are a approaches.

And so that's what I'm talking about when it comes to mastering

the professional software that we're gonna use to do the work with

the right tools and resources to get the job done. Meaning if you uh we got certain

tools that we use to be able to work virtually, we want to have those in place.

We want to have the right

uh research tools in place where we can go research,

where we need to research uh from a client that we might not be familiar with.

Uh that uh we need to learn how to do so we can make that money and get that skill and,

and get that experience on that belt.

And then the fourth step to having a tax prep is

uh is it's essentially the,

the thing that I walk on my clients do first is we

get them set up uh to have a tax preparation business.

We get them in position to be able to make the money and that's number one,

having an ID account.

We have a, we have to have an online account with,

we have to have an E I N number so you can do

the free version based on your budget or you can incorporate right away.

And based on what state you're in that incorporation fee is gonna vary.

If you're gonna do LLC, that's gonna vary.

If you're gonna do a partnership, that's gonna vary if you're gonna do an escort,

that's gonna vary.

And so a lot of people get started with the basic uh free E I N number first.

And then we take that information,

we put it on the E five provides application which stands for e

electronic filing identification number, which is the number we use

the purchase professional software with and wrestle with the third party bank

that's gonna collect our fees on the behalf of our clients.

And so you wanna have a bank

uh product.

So when you come across clients who are getting nice size refunds,

who are not used to pay out of pocket,

you're able to make that money because now

you're able to provide the service of having

your fees collected out of their refund because

that's the first thing they gonna ask you,

can you have your money taken out because they're not

paying out of pocket with a 6000 8000 $10,000 refund.

It's just not gonna happen.

And so if you can't do that,

then they have to find someone who can and you just lost the sale

and you don't want to position yourself to lose any money uh on purpose.

The next thing is marketing, education and training.

We wanna become very knowledgeable uh with marketing

and, and by getting educated and acquire some form of training,

that's gonna allow us to

uh position ourselves

on social media to go out and get the clients we wanna work with.

And then we want to have the right mindset for winning. We wanna

have the mindset is the crucial piece of the puzzle that's gonna

make a break you when it comes to having this business.

I don't have,

I don't care how great you are when it comes to the,

the business service you provide or the customer service that go along with it.

But if you don't have the right mindset

in place first,

you might not never get to the customers you want to work with no way because life

is gonna show up in such a way that is gonna cause you to doubt yourself,

question yourself.

Get you frustrated

at all these other things that go along with being

a new business owner that's gonna happen to you.

That's gonna be the key to your success.

Because if your right mindset is not in place already,

you might just give up and quit

before you even got started and you don't want to do that to yourself.

So those are the goals of the mentorship and coaching program.

This coaching program was designed mainly for

people who are brand new to this career

industry who want to have a business model for themselves and not by themselves.

And they want to be able to have someone on their team who

had the knowledge and skills and experience to help them grow their team,

to grow themselves, to grow their business without

trying to figure it out without going through the

challenges and frustrations of learning as you go.

And all the pitfalls that go go along with that they want

to be able to alleviate some of those by having to mention

the coach on their team that they know I can trust enough

and believe in that can help them uh get the job done.

And that's what my mentorship and coaching program was designed for

was the brand new person with no prior training experience.

And then of course,

we have people who are already working in the

industry um doing tax preparation who have knowledge,

who have skills

where they can have the knowledge and skills

uh needed to win. It starts with the mindset.

So your mindset is gonna be the key component to everything that we talk about.

Uh As far as having a business cause see

the wrong mindset won't even start a business and the wrong

mindset if it tries to start a business won't succeed,

if it doesn't come to understand

that the right mindset for success

must be acquired first.

And that's a process that we go through as people uh

that follow the personal development as well as business development.

And so through our journey to starting a business and our journey of life,

it helps us to come to learn some things that we can believe in,

that's gonna allow us to have a mindset shift

and change for the better that's gonna allow us to

start a business and be successful with it.

So if you're the person that was like myself,

who was a little boy who always wanted to have his own business,

who always wanted to be his own boss.

So that foundation and see was already planning within me. Uh

And from there uh cultivated just by living life and,

and uh doing what I had to do just to learn how to live and learn and survive.

And through that life's journey,

uh along with uh business education and personal development,

acquired the right mindset that allowed me to

be successful that way when challenges showed up,

when things weren't going my way,

uh I was able to see it for what it was and persevere through those

challenges and frustrations and keep moving forward

until uh things start to get better.

And so that's the mindset you need to have for total

success

because the wrong mindset won't let you win

and you want to acquire the right mindset for winning. And that's a process

that happens. Uh Some quickly, some get it slowly.

But if you have the right mindset that you won't give up on your journey,

uh that'll keep you in the game long enough to allow you to

acquire the right mindset for you and your uh success inside your business.

And I'll see you in my next video.

Preparing for your success

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