Q. My husband owns a small landscaping and masonry company. His profits over the last couple of years have been about $80,000 annually. We were wondering if we should be setting aside some retained earnings.
A. Yes, all businesses should have retained earnings. In the personal finance world, we would call that an emergency fund. It can be difficult in the business world sometimes though. You’re talking about running a business, making a profit, feeding your family, and saving money in the business. This isn’t an easy process no matter how long you’ve been in business.
In this season of hope our attention is drawn to the celebration of the hope given us by the birth of Jesus Christ. In my practice, I have always considered hope an important component in therapy as well as in spirituality. For this reason, the word hope has been visible in my office in letters that have stood on my bookcase for several years. In thinking about the topic of hope in writing this article, I found several quotes and Bible verses that further stimulated my thinking.
Much of life is about rebuilding. This is obvious the older you get. Once you are past forty something you start to realize that there is more sand at the bottom of your hourglass than there is at the top. When you are young you are trying to build your life. After middle age, you start trying to rebuild the walls that have fallen down from neglect. They may be walls of physical health, finances, family relationships, or your own spiritual walk with Christ. But those areas are going to require work and diligence to repair.
I took a stroll to a nearby local departmental store on the evening of November 1, just to window shop. To my surprise, Christmas lights greeted me throughout the displays, a mere day after Halloween! All the bells and whistles of Christmas caught me off guard. It was hard to imagine Christmas displays so far from Christmas.
Jesus told his disciples, “I am leaving you with a gift—peace of mind and heart. And the peace I give is a gift the world cannot give. So, don’t be troubled or afraid.”
John 14:27 (NLT)
I’m glad to say that this book passed the kid test. I deliberately left it lying on the table before my kids got home from school. My ten-year-old walked in, dumped her shoes and knapsack in the middle of the floor (we’re still working on that) and sauntered toward the kitchen. But she didn’t get there because she saw the book and just had to explore it. That’s a good sign.
RRJ: As the President at the Chamber of Commerce Association of Alabama what does your job entail?
Jeremy: CCAA exists to strengthen the vital role local Chambers of Commerce play in economic and community development. We provide our members with exceptional services in the areas of advocacy, professional development, and communication of issues that affect the local business community and serve as a clearinghouse for business-related information, peer-to-peer networking opportunities, and other contacts that serve the needs of local Chamber of Commerce professionals. I get to represent 100+ local chambers of commerce in local communities across the great State of Alabama!