tag:blogger.com,1999:blog-7553278593406733377.post2985072681202492545..comments2024-03-20T00:37:30.189-04:00Comments on Photo Business News & Forum: Longitudinal Accounting - It's Impact on Your BusinessJohn Harringtonhttp://www.blogger.com/profile/16941161605443479300noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7553278593406733377.post-77166753554317637432008-06-06T15:53:00.000-04:002008-06-06T15:53:00.000-04:00"including lost income due to having one's primary..."including lost income due to having one's primary camera down... is not mere cost of shutter + labour."<BR/><BR/>Oh give me a break. If my camera goes bad, I use my backup(s). No lost income. I also have a process for having my equipment repaired and I have insurance. <BR/><BR/>Back to the silly point that started what was important idea about how to build a business that is efficient and profitable: I can buy two 5d's and be better off than if I were to purchase one Mark II. Sorry Canon.<BR/><BR/>Beyond that, the cost of doing business is something you will never actually know until you start doing business:) And you will never learn to be efficient until you try something, learn from your mistakes and then make it better.<BR/><BR/>So how about it? Let's make the starting point for any discussion ideas and strategies for making money instead of worrying about not making any money.<BR/><BR/><BR/><BR/>ISean Chttps://www.blogger.com/profile/14975121659876941148noreply@blogger.comtag:blogger.com,1999:blog-7553278593406733377.post-79806613212014183032008-06-06T14:29:00.000-04:002008-06-06T14:29:00.000-04:00Cost to replace a shutter, including lost income d...Cost to replace a shutter, <BR/>including lost income due to having one's primary camera down...<BR/>is <I>not</I> mere cost of shutter + labour.<BR/><BR/>Also, some cameras cost more than others.<BR/><BR/>But look at the <I>whole</I> cost, eh?<BR/><BR/><BR/>There's an excellent book for Canucks, called<BR/>Make Sure It's Deductible ( Evelyn Jacks )<BR/><BR/>While the details of the law are different in the US, the principles ought apply...<BR/><BR/>EVERY receipt, put its story on it, on the back.<BR/><BR/>Dinner with client?<BR/>put that on the back, <BR/>+ the client's initials, <BR/>+ the subject of discussion.<BR/><BR/>Taxman says you can't deduct that?<BR/><BR/>Yes you can. <BR/><BR/><B>Now</B> you've got the context <BR/>& the objective indication that this<BR/>wasn't just "enjoying a restaurant".<BR/><BR/>Every receipt, every time.<BR/><BR/>File 'em in folders, too, possibly according to month/year, <BR/>so when it's tax-time you don't have chaos working against you...<BR/><BR/>Eventually you <I>will</I> be audited, so stack the odds in your favor, <BR/>because you have the <I>right</I> to deduct legitimate expenses.<BR/><BR/>Cheerses,<BR/><BR/>PS, JH, Thanks for a very-valuable site, eh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7553278593406733377.post-4955974420946471422008-06-06T13:30:00.000-04:002008-06-06T13:30:00.000-04:00"and the cost to replace a shutter is $1100"John, ..."and the cost to replace a shutter is $1100"<BR/><BR/>John, I like what you had to say. I agree with most of it. But please. No one needs to be frightened by the cost of shutter replacement. <BR/><BR/>I've had several replaced over the years and your number just didn't ring true. <BR/><BR/>So I called CPS. Shutter $96. Labor $180. <BR/><BR/>How about instead of cost, you talk about profit, markup strategies for growth and importance of specialization? <BR/><BR/>Let's get down to the business of making money rather than worry about how much it will cost us.Sean Chttps://www.blogger.com/profile/14975121659876941148noreply@blogger.comtag:blogger.com,1999:blog-7553278593406733377.post-33530928155259876662008-06-06T12:52:00.000-04:002008-06-06T12:52:00.000-04:00It's impact on your business? It's??? It's not "i...It's impact on your business? It's??? It's not "it's", it's "its". Also recievable is wrong. Professionalism includes checking your grammar and spelling.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7553278593406733377.post-9576655264184902822008-06-05T16:07:00.000-04:002008-06-05T16:07:00.000-04:00Thanks - that was an example, not a specific repre...Thanks - that was an example, not a specific representation. I didn't know the D300, or D3 shutter life numbers, but was making the point about considering all those factors. I appreciate the additional information!<BR/><BR/>JohnJohn Harringtonhttps://www.blogger.com/profile/16941161605443479300noreply@blogger.comtag:blogger.com,1999:blog-7553278593406733377.post-83807461755376578762008-06-05T14:48:00.000-04:002008-06-05T14:48:00.000-04:00d300 has a shutter life of 150k.d300 has a shutter life of 150k.Anonymousnoreply@blogger.com