Takeaway #43 compliance via #youngjeezy

I got million dollar dreams and federal nightmares . ..

We pop Cris’ . . ., and still drink beer . . .

Young JeezyAnd Then What

Comply, comply, comply….  You will grow and expand.  As you profit, your reporting obligations and regulatory obligations will also ratchet up.  If it is the IRS, then you better pay every last dime owed.  If it is Sarbanes-Oxley corporate reporting, then there is no room to skip steps.  The bottom line is that in most cases, good faith attempt at compliance provides some safe-harbor defense.  Failing to comply when you have a high-profile will not get you the benefit of the doubt when things go wrong.  Instead, people will seek to make an example of you.  Willie Nelson, ENRON, Wesley Snipes….the list goes on.

 Keep the profile in check.  A champagne celebration is a rarity.  Nine times out of ten, the work period deserves, at best, a cold beer.

BPM TAKEAWAY#43:

  •  GET IN COMPLIANCE

  •  GET WANTS VS. NEEDS STRAIGHT