What actually optimizes your business for success (do you do this one thing?)

I want to talk with you today about a common misstep entrepreneurs make that wastes them a lot of money, time, and energy.

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See...

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In the world of business, owning a bunch of corporations is often mistaken for being business-savvy.

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Entrepreneurs brag about their multiple entities...

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Be honest, have you ever done that? No judgment -- I’ve done it too.

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“Oh, I have 5 companies!”

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You may be compelled to think that this is a sign of success. But more often than not - it's a mess.

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You’d be more profitable, and your efforts would get you way further (saving you time and energy) if you consolidated.

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There’s actually a Japanese artform that serves as a strong metaphor for this, called Kintsugi.

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Kintsugi is the process of  fusing together broken pieces of pottery with gold or other precious metals.

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On the surface, this artform embraces flaws, disparateness, and imperfection.

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But it actually goes further: USING flaws, disparateness, and imperfection to create something that is beautiful, one-of-a-kind...

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...And fully functional: serving a purpose, and having utility.

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I can guess what you’re thinking.

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“C’mon Dan, I just want to make more money and have it not be so hard... Why are you telling me about Japanese pottery?”

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I hear you loud and clear.

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The Kintsugi artform of bringing the pieces together and creating something that actually serves you is one of the strategies we use for our Nth Degree clients, and I invite you to borrow it for yourself.

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We see the potential in unoptimized businesses to create something more profitable and efficient than what was there before.

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Here’s an example:

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We recently had a client come to us with 13 separate S-corps.

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They were paying an extra $100,000 per year in unnecessary Social Security taxes because of this convoluted setup.

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Where others saw an unsolvable mess, we saw potential for a masterpiece.

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We consolidated their 13 entities under one elegant holding company in a tax-advantaged state (think Wyoming or Nevada).

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Suddenly, they went from 13 complicated tax returns to one streamlined filing.

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Audit risk decreased…

Funding became simpler…

And tax efficiency soared.

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The single entity became something that served them.

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Instead of shattered pieces serving no purpose at all.

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To speak plainly: it’s mind-boggling to us that any other firm would advise, allow, and continue to encourage this client to keep 13 S-corps that have no leverageable function at all.

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The most sinister part?

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This type of thing only advantages the CPA firm. They get to charge for 13 filings instead of one.

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Tragic. Predatory.

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But here’s the truth:

It takes a certain type of accounting firm to practice the art of business Kintsugi.

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To take your separate entities, and scattered efforts, and fuse them with gold.

It requires a firm that  does not shy away from complexity -- that values giving YOU the best outcome far beyond our bottom line (which is small-minded, short-term thinking).

At Nth Degree CPAs, the Kintsugi principle is one of many weapons in our warchest we use to craft (UN)conventional solutions that get you closer to financial certainty.

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And it doesn’t have to be as many as 13 S-corps. We’ve seen these costly inefficiencies with as little as two, three, or five entities.

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If you’re doing $1M - $10M in gross revenue per year, but your business structure feels more like shattered pottery than a masterpiece, you may consider booking a call with our team and letting us see if you’re a good fit to work with us on fixing it.

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Here’s to your success and financial certainty,

Warm regards,

Dan Nicholson

Founder, Nth Degree CPAs
Author of “Rigging the Game”

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