Taxes and Economic Profits

By Timothy R Butler | Posted at 8:42 PM

Well, everyone knows it is tax time right now. Normally that doesn't bother me much, but this year it was a bit depressing since it forced me to revisit how my business performed last year. Due to some “capital investments” and changes in the services Universal Networks provides, the business was barely in the black in the services segment. Ad revenues helped out, but if I was speaking as an economist, I'd probably say I had an “economic loss” last year (i.e. when I add in non-monetary costs, such as my time, on top of the monetary ones). Note that I am not complaining, I'm not hurting from this, just observing how things went and thinking about how to improve this year.

The past few years have been pretty good, even during the dot-bomb times, so having one bad year isn't all that bad in the big scheme of things. Essentially what I need to do is use this revisiting of the year 2004 to remind me of where I need to focus my energy, where I need to improve and what parts of the business really aren't worth messing around with.

On the other hand, it reinforces my general feeling that unless I want to spend my days cleaning off adware and similar maintenance tasks, my eventual transition out of the computer services industry is probably a good idea from a business standpoint as well as from a personal one.

Tags: Work

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