Follow On TwitterReview: Smart Business Stupid Business By Diane Kennedy and Megan Hughes
BizSugar
While I make an effort to read business related books on a regular basis, rarely do I ever come across a business book that is truly practical. For example, I can’t remember the last time I came out of reading any New York Times bestselling business book with a concrete and actionable plan that directly applied to me. In fact, I’ve become so accustomed to lumping most business books from the bestsellers list into the pleasure reading category, that I don’t ever expect to learn anything that I can directly apply to my current situation.
Don’t get me wrong, I love well written books that make me feel exhilarated and pumped up, but I tend to prefer books that make me get up and take action, especially ones that I can actually apply towards running a real business.
Thankfully, Smart Business Stupid Business is not your typical business book. Both Diane Kennedy and Megan Hughes have written an extremely useful book that is both entertaining and practical, one that I will definitely keep on my bookshelf and refer to as my business progresses and matures. Before I delve into the specifics of the book, let’s meet the authors.
About The Authors
You may have heard of Diane Kennedy before. She is a CPA, tax strategist and the author of many bestselling books including Loopholes of the Rich, Real Estate Loopholes and several others. Basically, if the book has “loophole” in the title, chances are it was written by Diane.
Megan Hughes is the owner and founder of Business First Formations, a company that helps people form and maintain their businesses.
Because of their backgrounds, they have a wealth of knowledge across a broad range of subjects specializing in business development and accounting.
About The Book
Because Diane Kennedy is a CPA and tax strategist, Smart Business Stupid Business focuses fairly heavily on accounting strategies. If you are curious about anything related to business accounting, how to save on taxes and how to maximize the profits of your business, this is without a doubt the right book for you.
The book covers almost everything from choosing the right legal structure for your business all the way to tricks and tips on how to maximize your tax savings. Both Diane and Megan share their real life experiences and include very useful and entertaining case studies to illustrate their points. In short, they make learning about business accounting almost fun.
That being said, this book is not nearly as useful unless you currently run a business or plan to in the near future. For example, if your business is still in the brainstorming stage or if you are having problems getting motivated, then Smart Business Stupid Business probably isn’t going to be as much of a help. But if you are ready to pull the trigger, this book will make sure that you avoid the common newbie mistakes associated with starting any business.
What Does This Book Cover?
As I alluded to in the previous section, this book really shines if you want to learn more about the money making and financial aspects of running a business. The book covers the following topics in depth that I found really useful.
- How to eliminate the biggest financial risks to your business right from the start
- How to properly setup the initial legal and bookkeeping aspects of your business
- Advanced tax and asset protection strategies and how to make more money while paying less to Uncle Sam
If these topics make the book come across like a text book, I can assure you that the book is anything but. Diane and Megan have written a truly useful book that is entertaining and one that you will read over and over again. I know that I went through it with a magnifying glass trying to find new tax strategies for our online business and I suspect that you will too. For more information on where to buy the book, please check out the Smart Business Stupid Business Web Page.
Disclaimer: MyWifeQuitHerJob.com is not affiliated with Smart Business Stupid Business, Diane Kennedy or Megan Hughes in any way and does not stand to make any money from the sale of this book.
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Great review! And I decided to check it out and bought it! Thanks for MORE great info! Any way to lessen the burden of taxes would be sooo helpful, they are a killer! and doesn’t look like it is going to get any easier.
I’m gonna add this to my Amazon Wishlist. Thanks for this, it looks like a good little read.
I’ll admit Diane Kennedy’s books are a good read but I think thats why she sells books.Basically she’s an internet marketer tho’ – Go check out her Maui Millionaires marketing scam – $30,000 to go network with other people that were foolish enough to spend $30,000;
Yes, I agree with you… there were issues with accessing “free” stuff the book recommended and I never heard back from her. She doesn’t seem to have much customer service presence… but maybe it takes paying 30,000
(one would hope that would help!) interesting review of maui millionaire from a random site http://www.finance-weblog.com/50226711/book_review_the_maui_millionaires.php
that talks about the $30,000 being more like an investment to hang out with millionaires not necessarily just paying for the program. interesting.
Sophia, I’m sorry that you had a bad experience trying access the bonus information. I haven’t been associated with Maui Millionaires or David Finkel for years now.
If there is anyway I can help you get the information you are looking for, please visit either the USTaxAid website (contact us page) or SmartBusinessStupidBusinessOnline website (contact us page). Or you can drop a question on the blogs at either place and we can get right back to you.