Taking a Tax Deduction from an Unreimbursed Loss
With the new year around the corner, you’ll be reviewing how your business did this past year and reflecting on your goals and what you want to achieve in life and in business.
Here are three inspiring examples of those who managed to make it from humble beginnings and what we can all learn from them.
Jan Koum
Koum was born into poverty in a tiny village in Ukraine. After migrating to America with his family as a teenager, Koum became fascinated with computers and eventually began working for Yahoo!
In 2009, he had the foresight to predict the future success of the embryonic mobile app industry, so he founded WhatsApp. By 2014, he’d sold it to Facebook for $19 billion. Koum’s story shows that intelligent forward planning can be the key to reaching your goals.
John Paul DeJoria
DeJoria began his working life moving from low-paid job to low-paid job, from shifts as a janitor to delivering newspapers. Befriending Paul Mitchell while working in hair care, the pair took out a small loan of $700 and founded John Paul Mitchell Systems, today a global conglomerate.
Since then, he has helped to found Patron Sports and is worth over $3.1 billion, proving that strong drive and good friendships can take you farther than you think.
Kevin Plank Plank was on the edge of going broke when he decided to put his life savings together with a $40,000 advance on a credit card to fund a company selling clothing under his brand, Under Armor.
After making a $17,000 sale to Georgia Tech University, sales to 24 NFL teams followed, and in a few short years, it turned into a multimillion dollar company. Today the company is worth billions. Plank’s journey shows the power of investing in yourself!
How to Find Peace During a Global Crisis
By David & Tracy Bell—Syndicated Insurance Resources CEO & President
While the global pandemic impacts everyone, there are countless opportunities to find peace.
Like many of you, we are watching business revenues plummet because we have a substantial presence in California and a great number of clients who are in the restaurant industry.
The personal routines of everyone have been interrupted. (In our house, not being able to socialize is a big deal.)
So how do we find peace as the world around us seems to crumble?
What if we changed our focus onto more positive things.
Here’s an exercise we thought of that you may want to try, too. Once we took steps to do this, we felt more centered and peaceful.
Quite simply, list out the ways you have been blessed.
Here are our top five blessings, not in any particular order.
- Relationships: Our business fosters relationships with clients and partners who often become friends. Our marriage, kids, and friends also bring us great happiness.
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- Bottom line: Life is not about accomplishments because relationships are more important than anything else.
- Business: Our insurance business will always be necessary because it provides a financial backbone for businesses of any size.
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- Bottom line: It is great to help clients manage through a challenging process, especially in moments of crisis.
- Adventures: Over the years, we’ve traveled all over the country and seen many things others will never see.
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- Bottom line: Life has given us wonderful experiences that many dream about doing.
- Faith: Despite my flaws or any bad choices, we know we are forgiven and that we were created for a purpose.
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- Bottom line: We both have a personal relationship with our Creator and know we will always have something to look forward to even after our life on earth ends.
- Reality: Today’s crisis is just a blip on the radar. While we may endure some scars, there will be life on the other side of today’s reality.
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- Bottom line:This current situation will pass, and the new reality will ultimately lead to opportunity.
We know we could list 100 more ways that we are blessed.
While it would be easy to focus on how bad things are, we choose to stay positive and remember the great pleasures and blessings we’ve experienced in life.
We are all fighting a similar battle of the mind during the trying times.
Know that your friends at Syndicated are here for you before, during, and after the COVID-19 crisis.
What will you focus on today while we wait for the tide to turn?
News Release: New Atlanta-Area Office
Syndicated Insurance Resources Adds New Atlanta-Area Office Location
Cindy Betsill Leading Operations as Relationship Manager
Ponce Inlet, FL & Atlanta, GA, Oct. 4, 2017— Syndicated Insurance Resources—a leading firm that helps insurance brokers find the right solutions for employers—today announced the addition of a new office location to serve the needs of Georgia-based brokers and clients. The Fayetteville office is in Atlanta’s growing southern crescent— near Peachtree City and the Atlanta airport—and is strategically located to offer more personalized attention while creating a physical presence in the community.
In addition to the new office, Cindy Betsill is the new Relationship Manager and will also oversee operations. “We have multiple brokers and clients that are just a short drive from our new location,” said Betsill.
Providing brokers robust market access, alternative risk management, workers’ comp administration and even HR consulting options—the company provides a marketplace with competitive employer-focused insurance offerings. Syndicated Insurance Resources automated tools and products—available nationwide online seven days a week, 24 hours a day—gives users free access to more than 150 markets and 40+ unique program offerings.
“While most of our brokers and clients rely on technology to access our products and services, we recognize the importance of local support and personal service,” said Vice President of Sales Dean Radtke. “We are excited to continue expanding our operations and growing our infrastructure to meet the needs of nearly 500 coast to coast agent brokers.”
With unprecedented A-rated market access and programs, Syndicated Insurance Resources provides exceptional customer service. The company has worked hard to become a trusted resource for brokers since 1995.
Georgia-based insurance agent/owner Will Felts recently shared these thoughts: “Syndicated pulls through when nobody else does. They even responded immediately during Hurricane Irma evacuations when one of my clients had a time-sensitive request for a certificate of insurance. The Syndicated team is always helpful and generally beats any price.”
For more information, call us at 877.333.8195, email us at [email protected], or visit our website https://syndicatedinsuranceresources.com/.
About Syndicated Insurance Resources
Syndicated Insurance Resources help brokers competitively increase their employer-focused insurance programs and HR management offerings. Our leading technology automation, strategic industry partnerships, and comprehensive professional services provide high commissions while growing a broker’s book of business. With access to more than 150 markets and 40+ program offerings, we provide a broker marketplace for competitive insurance offerings. Learn More at https://syndicatedinsuranceresources.com/
Media Contact: Joy Capps, [email protected], 843.730.3857
News: Helping Others Recover from the Storms
Our heart goes out to the people affected by Hurricanes Harvey and Irma. The impacts of these storms are far-reaching and touches us all in one way or another.
Storms are a part of life. They are challenging and can turn your world upside down. Storms help you reprioritize what is truly important.
At Syndicated Insurance Resources, we have heeded the call of our affected neighbors and are doing our part to help others during the recovery efforts. We encourage everyone to do the same, however small. Every helping hand counts.
Helping others does not always involve financial contributions, although those are always welcome. There are many simple acts of kindness that can go a long way during times of recovery.
Here a few things you can do that make an impact.
- Help neighbors remove debris.
- Deliver meals and water.
- Offer a place to stay.
- Give your time.
- Offer words of encouragement.
- Volunteer to help: Florida Volunteer Opportunities & Texas Volunteer Opportunities
The New York Times wrote two articles, one for Florida and one for Texas, with a comprehensive list of ways you can help.
Know we’re all in this together as we work together to rebuild and restore our communities.
News: Hurricane Irma Closes Florida Office Early
In light of Hurricane Irma, our Florida offices are closing today at 2 p.m.
Based upon the weather outcome, our offices will reopen next Monday.
Other office locations are remaining open to answer your calls and needs.
Please be safe.