Sponsel Tackles the Indy Backpack Attack

Sponsel CPA Group is always happy to participate in the Indy Backpack Attack. Since 1999, this six-week school supply drive “has been helping students get the tools essential to learn and be successful in the classroom.”

This year, Sponsel split into two teams and held a contest to see which one could collect the most supplies. Congratulations to the Gold Team! Of course, we appreciate the efforts of everyone involved on both sides. Special thanks to Chris Sargent for heading up this event and delivering the school supplies.

Do You Need an Attitude Check?

By Lisa Purichia
Partner, Director of Entrepreneurial Services & Employee Benefit Services

In the business world, attitude is everything. And it trickles down from the top. A business owner or manager’s demeanor sets the mood for the entire workplace.

Do you need an attitude check? Think about how you interact with co-workers on a typical business day. Do you greet them in the morning with a smile? Do you ask how they’re doing? Do you emit an air of positivity?

Optimistic people tend to prosper. A positive attitude not only helps you persevere through the pressures and challenges of the professional world, but it also attracts those who can help your company grow. Your passion and enthusiasm will likely rub off on prospective clients and persuade them to do business with you. It will also convince your current clients to stick with you for the long run.

Business owners who treat people well and seem eager to join them on a road toward success are bound for bright futures. This is the power of positive thinking!

Your attitude ultimately complements your brand image. A company with high morale will attract and retain employees and clients, which will ultimately help you build a rock-solid reputation in your community and beyond.

Amid typical business obstacles and economic ups and downs, it can be difficult to maintain a positive mood and optimistic outlook. However, a persevering attitude can demonstrate a can-do experience that a leader must carry with her at all times! Just remember what the renowned motivational speaker Denis Waitley once said: “Your attitude is either the lock on or the key to the door of success.”

For more advice on the importance of attitude or for assistance with achieving success in your business. please contact Lisa Purichia at (317) 608-6693 or email lpurichia@sponselcpagroup.com.

How to Avoid Retirement Anxiety

By Tom Sponsel, CPA/ABV, CFF
Managing Partner

It’s never too early to start thinking about retirement. What’s especially important to consider is the fact that it’s different for everyone. It doesn’t have to mean a life of hanging out on the golf course or lounging in the sun. You may find yourself busier in your retirement than you were in the working world. Retirement can be whatever you want it to be!

The thought of retiring can also be overwhelming, as it marks the start of a whole new lifestyle for you and your loved ones. Don’t allow the status quo expectations of retirement at age 65 corner you into a decision that you are not ready to make. You need to not only include financial planning in your plan but also activity planning so you don’t become bored!  In order to avoid retirement anxiety, here’s a checklist of questions you should consider as you start the planning process.

  • When do you want to retire?
  • What are the major steps you need to take to prepare for retirement? (Who will take over your responsibilities in your business? Are you financially prepared? Are you mentally prepared?)
  • What are the main things you want to do with your free time? (Make a list of 5-10 activities.)
  • Do you want to move your homestead?
  • Do you want to travel?
  • What are your spouse’s needs/wants post-retirement? Are you in agreement?

If you are a business owner, you may not want to walk away entirely. Think about how active and involved you want to remain. Consider stepping down and taking on a lighter advisory role. Maybe limit your time in the office to one or two days a week.

Most importantly, don’t let retirement sneak up on you. Be proactive and intentional. Retirement anxiety comes from lack of consideration and preparation. So be sure to plan ahead of time and craft a crystal-clear vision of what you (if applicable — your spouse) want your retired life to look like. Also, be realistic. Know your limitations and be conscious of when it’s time for you to take a break from the business world. And make sure that break is exactly what you want it to be!

For further advice on preparing for retirement or assistance with your personal and business affairs, please contact Tom Sponsel at (317) 608-6691 or email tsponsel@sponselcpagroup.com.

Employee Spotlight — Ryan Hodell

Ryan Hodell joined Sponsel in January of 2015, fresh off the heels of graduating from Marian University with a bachelor’s degree in accounting and finance.

Last year, Ryan earned his CPA license, and he currently serves as a member of the Indiana CPA Society. This year, Ryan was promoted to a senior staff accountant in the tax services department, where he performs a variety of tax compliance and consulting services for individuals and businesses in addition to providing various tax planning and projection services.

Outside of work, Ryan enjoys spending time with his wife. (They tied the knot just last month!) He also loves playing golf and cheering on his favorite baseball and football teams — the Los Angeles Angels and Chargers.

Client Profile: Storage Express

Jefferson Shreve, the founder and president of Storage Express, built his business from the ground up. He started construction on his first storage facility in Martinsville, IN during the spring semester of his senior year at Indiana University, and his business has been growing and thriving ever since.

Now, 28 years later, Storage Express has 106 locations across five states: Indiana, Illinois, Ohio, Kentucky and Tennessee. Based out of Bloomington, IN, Storage Express buys, builds and manages self-storage facilities that offer customers 24/7 access and support. Shreve has leveraged technology and a devoted team of long-term managers who offer a high quality, customer friendly experience.

The steadily rising success of Storage Express is a testament to the power of perseverance and continuous innovation into the services and facilities provided.

“Growing a business is no small feat,” Shreve said. “Oftentimes the odds are stacked against start-ups, and you can find yourself tempted to throw in the towel. But I’ve found that if you hang in there and persevere, great success can come your way. Oh, and you can’t run out of cash!”

Three years ago, Shreve and the Storage Express team turned to Sponsel CPA Group for tax consultation as well as audit and assurance services and HR compliance. Shreve considers Sponsel an important partner that plays an integral role in helping the business continue to run smoothly.

“Sponsel has been a great team to work with,” Shreve said. “They’re always accessible and responsive, and they’ve been a valuable asset to our company.”

Click here for more information about Storage Express.

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