Income Taxes

Henry Bloch – What an Inspiring Story! #Taxes #Entrpreneurship

By August 12, 2019 No Comments

I saw an obituary recently for Henry Block, of H&R Block fame. He died an old man. There are a couple of things that I found interesting and inspiring about his life story.

He had a company that was doing taxes and payroll and he was going to stop doing taxes. The guy selling him his newspaper ads gave him a good deal on an ad and convinced him to run it.

They happened to run the ad at the exact same time that the local city branch of the IRS stopped doing free tax returns. Between running the ad and the luck of their timing, they had two-hundred thousand dollars in revenue in just a couple of months. From an ad for doing tax returns for five dollars! I can’t imagine how busy that office must have been, but it’s amazing to me, and that started the ball rolling.

The other part of the story is that they had an office in New York that they were going to shut down. It was too much work to go back and forth to Kansas City.  Somebody offered to buy it from them, and they couldn’t agree to terms. So they decided to just franchise it. It’s crazy. Not that much later they wound up with thousands of franchises, and that’s what they became famous for and what made him a wealthy man.

Anyway, if you’re out there hustling, plugging away, keep working hard and hopefully that same sort of serendipity or good luck will come after all the hard work.

My name is Mike Garry, and my company is Yardley Wealth Management. We are a fiduciary, fee-only financial planning, and wealth management firm in Newtown, Pennsylvania. (That’s in Bucks County). Our law firm is Yardley Estate Planning, LLC and is in the same place. We only do Estate Planning work and I am licensed in Pennsylvania and New Jersey.

If you’d like to talk about this or anything else, please reach out: 267-573-1019, mgarry@yardleywealth.net or @michaeljgarry

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Michael Garry

Author Michael Garry

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