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.

See...

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

Entrepreneurs brag about their multiple entities...

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

“Oh, I have 5 companies!”

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

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

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

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

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

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

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

I can guess what you’re thinking.

“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?”

I hear you loud and clear.

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.

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

Here’s an example:

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

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

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

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

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

Audit risk decreased…

Funding became simpler…

And tax efficiency soared.

The single entity became something that served them.

Instead of shattered pieces serving no purpose at all.

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.

The most sinister part?

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

Tragic. Predatory.

But here’s the truth:

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

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.

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.

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. 

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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