Check all available information. One of the first things I learned when I started taking flying lessons was to “check all available information” pertaining to the flight you are about to take. This is obviously a good idea since once you leave the ground, it’s not easy to pull over and fix something you forgot to check before you left, like how much gas you have, or the conditions at your destination airport (Is the runway closed?).

Whenever you make any large decision that could affect your business success or other life-changing events, it is always good to check all available information. As an example, with the recently issued presidential memorandum about the payroll tax holiday, make sure you, and all employees, understand the real implications of deferring the withholding of the payroll tax. At the time of this writing, there are many unanswered questions regarding this memorandum, so while we all may have opinions on the topic, we need to make sure we have all available information before deciding whether to implement this deferral.