U.S. Marine Mark Myers Was Overconfident & Didn’t Have a Mentor; Vowed Not to Repeat That Mistake

Episode page with transcript, video, and more My guest for Episode #224 of the My Favorite Mistake podcast is Mark Myers. Mark is the founder of Peak Profit Solutions and a Tax Savings Architect. He brings over 20 years of successful business operation and high-level consulting experience to the clients and financial professionals he services. Mark employs the same discipline and tenacity in finding tax savings as he did serving his country as a former Marine Corps Sergeant in Bravo Company 4th Marine Division. In this episode, Mark shares his favorite mistake story from a previous business, where he was “overconfident” — not getting mentors or help when working in the high-end health club industry. Why did he vow to never repeat this mistake? What does he do differently now? We also discuss leadership lessons from the Marine Corps. We dive deeply into the world of tax strategies, including what are “red flags” of “unscrupulous” approaches? What mistakes are made when trying to understand or apply United States tax laws to a business? Mark Myers Was Overconfident & Didn’t Have a Mentor; Vowed Not to Repeat That Mistake posted on AUGUST 19, 2023FILED UNDER: MY FAVORITE MISTAKETAGGED WITH: CEO, COACH, ENTREPRENEUR, MENTORING, MISTAKES Check out all episodes on the My Favorite Mistake main page. My guest for Episode #224 of the My Favorite Mistake podcast is Mark Myers. Mark is the founder of Peak Profit Solutions and a Tax Savings Architect. He brings over 20 years of successful business operation and high-level consulting experience to the clients and financial professionals he services. Mark employs the same discipline and tenacity in finding tax savings as he did serving his country as a former Marine Corps Sergeant in Bravo Company 4th Marine Division. In this episode, Mark shares his favorite mistake story from a previous business, where he was “overconfident” — not getting mentors or help when working in the high-end health club industry. Why did he vow to never repeat this mistake? What does he do differently now? We also discuss leadership lessons from the Marine Corps. We dive deeply into the world of tax strategies, including what are “red flags” of “unscrupulous” approaches? What mistakes are made when trying to understand or apply United States tax laws to a business? Questions and Topics: What mentor or help did you look for or bring in? Thought he was indestructible Guarding against overconfidence now?  Tell us more about Peak Profit Solutions – why start advising business owners this way? Why this focus and this interest?  You are not a CPA but working with them and financial advisors?  Compliance questions for advisors vs. tax law? Tax efficiency or minimizing taxes without anything that’s illegal? What’s a red flag of “unscrupulous”? Black and white — IRS interpretation of that law? What questions should we ask an accountant to see if they are a good fit? Book a free consultation --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support