Seven Things No One Tells You About Running a Marathon | Timothy P. Lofton

Deciding to run a marathon can be very exciting when you’re the type of person who wants to challenge themselves. Even so, there are many potential issues that can make running a marathon tough. Take a look at the following seven things no one tells you about running a marathon. 

  1. Fear Might Set in

The excitement that you’re feeling now could turn into fear eventually. Some people start to doubt themselves and will be afraid of embarrassment. You might be worried about not being able to finish and this fear is something that you have to push through while training. 

  1. Some Might Not Be Supportive

Not every friend or family member is going to be supportive of your marathon training. Some might think that it’s not worth the effort and others will want you to go out drinking instead of jogging. If you’re serious about your marathon, then you have to keep doing your best even when you don’t have a great support system in place. 

  1. Certain People Experience Digestive Issues

You might wind up having some digestive problems that will make you feel off. This is due to the intense training and the changes in your diet because of your marathon training. The best thing that you can do is to eat nutrient rich foods while avoiding processed foods. 

  1. Necessary Gear Might Be Expensive

Buying running shoes and other necessary pieces of equipment might be somewhat expensive. It can also be costly to have to take the time to train for the marathon if you’re normally a busy professional. Make sure that you can afford to do this before committing to the process. 

  1. Foot Pain

The foot pain that you will experience due to running so often will likely be severe. This will cause some people to decide that it isn’t worth it. You just have to keep pushing through if you really want to run the marathon. 

  1. Nightmares

Nightmares can occur as it gets closer to the date of your marathon. Some people start to have bad dreams about failing and others might have other types of nightmares. This is fairly common even if it isn’t something that everyone deals with.

  1. Sometimes Things Still Go Wrong

Sometimes things will still go wrong even if you did everything right during your training. Frankly, running 26.2 miles is a tough prospect for just about anyone. If you didn’t complete your marathon or if you struggled to do it, then you can always sign up for another one and try to do better. Keep pushing your limits and believing in yourself. 

Honesty and Integrity in Business | Timothy P. Lofton

Sometimes companies don’t focus enough on honesty and integrity. You need to understand that how your business is perceived has an impact on how well it’s going to perform. Aside from this, you want to create a work environment where employees can thrive and provide customers with the best possible customer service experience. Honesty and integrity in business are imperative and you should keep reading to learn more. 

Lying and Cheating Never Pays in the End

Lying and cheating customers will never pay in the end. If you build your company on lies, then it’s going to come back around to bite you sooner rather than later. You need to try to build your company on a foundation of integrity so that you can enjoy success for many years to come. This involves operating honestly and treating the consumers with respect. 

Do the Right Thing

Doing the right thing whether it’s convenient or not is the hallmark of a business with integrity. Sometimes the right thing won’t be financially convenient and other times it might go against what others in the industry are doing. Even so, it’s going to be good for your business to maintain its integrity by making the tough choices and doing what is right. Commit to making responsible choices for the good of your company and the community that you’re serving. 

Keep Your Promises

Keeping your promises is crucial and you should always try to do what you promised as a company. This also means that you need to think about what you’re saying very carefully. Don’t make the mistake of promising things that you won’t be able to deliver on. Sometimes you have to be honest about expectations instead of shooting for the moon and falling short. 

Don’t Fear the Truth

Some businesses have tried to hide from the truth because they were worried about the implications. History has shown that being truthful is always the best way to move forward. Even if your company has made mistakes, it’s still going to be best to be honest about everything. It’s better to be able to ask for forgiveness and to make amends than to lie to consumers. 

Top Leadership Podcasts | Timothy P. Lofton

Have you ever listened to a podcast? If not, you are missing out on a ton of great information and valuable conversations. Podcasts have become increasingly popular over the past couple of years, especially with busy schedules and recent happenings moving people more towards relying on technology. Podcasts cover a wide range of topics, including leadership. With that being said, let’s dive into some of the most popular leadership podcasts available to everyone who is interested.

How I Built This

Hosted by Guy Raz, this podcast tells you everything you need to know about startups. Guy dives into stories from the world’s best idealists, innovators, entrepreneurs, and the companies they built. Many people have ideas for new inventions, companies, and services but have no idea how to go about the journey into becoming an entrepreneur. The interviews Guy conducts with various leaders are inspirational and insightful to listeners everywhere. They are also each about one hour long, so each episode is packed with useful information and fun storytimes. 

Eat Sleep Work Repeat

 Although this podcast’s name can come across as scary, this show is actually all about improving the balance between your work life and personal life. Overworking yourself isn’t suitable for anyone, and it actually can lead to you being less motivated and efficient in your daily work. Hosted by Bruce Daily, this show features various interviews from guest speakers such as entrepreneurs, psychologists, and other leaders known as “workplace experts.” Some of the hot topics talked about include improving work meetings and understanding the gig economy. Employees enjoy listening to this podcast, but it might be even more beneficial for those who are business owners as it delves into many different leadership aspects.

Business Wars

This podcast is a fun one. It details the intense competition between similar companies with the same goal and what they do to differentiate themselves and stand out in the market. They have featured rivalries such as Facebook vs. Snapchat, Ford vs. Chevrolet, Boeing vs. Airbus, and more. Some features even involve a three to six-part series. Some find the podcast to be a bit overdramatized, but the show is interesting and informative nonetheless. 

What Tennis Equipment Do You Need to Get Started?

Tennis is a very popular sport and many people enjoy playing it as often as possible. If you’re a new tennis player, then you might be wondering what equipment you need to get started. Luckily, getting started with tennis isn’t that tough and you should be able to get the necessary equipment without it being too costly. Read on to learn about the necessary tennis equipment for beginners. 

A Good Tennis Racket

A good tennis racket is going to be the primary piece of equipment that you need to get started. It’s important to get a racket that is the right size for your hands. Take your time to try out different rackets and pick one that feels natural to you. If you’re going to splurge on something nice, then your tennis racket will be what you want to spend the money on. 

Tennis Shoes

A solid pair of tennis shoes is necessary if you want to have good results while playing the game. You need shoes that will give you a good grip while playing the game and you also need ankle protection. Make sure that you buy shoes that fit you properly and that feel comfortable to run around in. 

Tennis Balls

Of course, you’re going to need to buy many tennis balls so that you can practice. These tennis balls are going to be relatively inexpensive and you won’t have a problem buying many of them. Buy at least a few cans of tennis balls. 

Comfortable Tennis Clothes

Buying comfortable tennis clothes is an absolute must. You don’t have to buy a traditional tennis outfit, but many people do choose to go this route. It’s easy to find tennis outfits online if you don’t have a sports shop near you that carries tennis clothes. 

Overgrips and Vibration Dampeners

Overgrips and vibration dampeners can improve your overall experience, too. The overgrips will allow you to get a more comfortable grip on your tennis racket. Vibration dampeners help a lot with shock absorption and overall comfort levels. 

A Pickup Hopper

This next piece of equipment isn’t entirely necessary, but some people will like having it. A pickup hopper allows you to collect and store your tennis balls while you’re training. It can protect your equipment and it makes carrying things a bit easier. 

Eight Tips for Effective Leadership

Trying to be an effective leader is admirable, but you might not be sure how to achieve your goals. Thankfully, there are eight tips that you can follow to help yourself become an effective leader. Read about the tips below and then do your best to put the advice to good use. 

  1. Try to Lead by Example

Leading by example is a great idea, and it’ll show your team members that you’re willing to put in the hard work. When employees see leaders working hard, it’s going to make them want to try their best as well.

  1. Focus on Your Goals

Your goals matter, and you need to make sure that you focus on them. Ensure that your team members understand the goals that everyone is supposed to be striving toward. 

  1. Own Your Mistakes

You might make mistakes sometimes, and it isn’t going to be helpful to try to shift the blame. Own your mistakes, and try to learn from them so that you can do better next time.

  1. Give People Credit

Give people credit when they do good work, and they’ll be much more motivated. An effective leader should be ready to praise employees and shouldn’t try to hog all the glory. 

  1. Develop Your Team

Your team might need some help along the way to develop into an efficient unit. Work with individuals to help them get better in key areas that will help the team as a whole. 

  1. Work on Communication

Communication is a crucial element of leadership, and you’re going to be responsible for coordinating communication for the entire team. Work on your communication skills and understand that sometimes communication involves taking the time to listen. 

  1. Learn to Be Assertive

You won’t be successful as a leader if you’re a passive individual. Being assertive is necessary when you’re in a leadership position, and you should be ready to take charge. 

  1. Confidence Is Important

Being a confident leader is essential, and people always prefer to follow individuals who exhibit confidence. Try to believe in yourself and your abilities so that your team will believe in you. 

The Alphabet of Market Recovery

Timothy P. Lofton, Managing Partner – Cornerstone Consulting Group | CEO – The Retirement Blueprint™ | Author | Speaker

Published on March 25, 2020

There is much debate surrounding the current market correction.

The two most commonly ask questions are:

1) “When will it end?”

2) “How quickly will it recover?”

The answer from experts should be “I have no idea”, however that will not get you TV. So, the prognosticators are making their bets on what the ‘other side’ of this might look like. With that comes an explanation of letters that symbolize the different types of recoveries.

Market corrections come in many shapes and sizes. However, economists tend to refer to the following four shapes the most:

– V-shaped recovery

– U-shaped recovery

– W-shaped recovery

– L-shaped recovery

V-Shaped Correction

V-shaped correction are corrections that begin with a steep fall but then quickly find a bottom, turn back around and move immediately higher. A V-shaped correction is a best-case scenario.

We most recently experienced this 3rd Quarter 2018 into 1st Quarter 2019.

The correction of 1990 to 1991 and the correction of 2001, both of which only lasted eight months and are considered to be V-shaped corrections.

U-Shaped Correction

U-shaped corrections begin with a slightly slower decline but then remain at the bottom for an extended period of time before turning around and moving higher again.

The correction from 1971 through 1978 when both unemployment and inflation were high for years is considered a U-shaped correction.

W-Shaped Correction

W-shaped corrections are corrections that begin like V-shaped corrections but then end up turning back down again after showing false signs of recovery. W-shaped corrections are also called “double-dip corrections” because the economy drops twice before a full recovery is achieved.

A W-shaped correction is painful because many investors who jump back into the markets after they believe the economy has found a bottom end up getting burned twice once on the way down and then once again after the false recovery.

The corrections of 1980 that double dipped in 1981 and 1982 is a great example of a W-shaped recovery.

L-Shaped Correction

L-shaped corrections are corrections that fall quickly and fail to recover. An L-shaped correction is a worst-case scenario because they offer no hope of a quick recovery.

The Japanese recession that began in the early 1990s is considered an L-shaped recession.

Well there you have it. Four of the possibilities for the market future. The “L-Shape” recovery has a lot of traction with the economist I follow and I tend to lean towards this one if I have to make a choice. My reasons are this, we simply do not know the long-term global impact of Covid-19. At this point we do not have the proverbial “light at the end of the tunnel”. Once we can see an end to this it will be easier to predict the future.

So I am saying what the experts should be saying; “I have no idea”. In 25+ years and all my economic study I have not seen anything quite like this. Since I am not on TV, I am allowed to actually be honest. For me, I would sit this one out. Cash is king and only giving up the returns from 2019 to not put myself in harms way of all the unknowns seems like good strategy at this point in the game.

Best of luck, stay home, wash your hands, love your family, call your friends and we will get through this together.

Tim Lofton | CEO | The Retirement Blueprint

Timothy P. Lofton, Managing Partner — Cornerstone Consulting Group | CEO — The Retirement Blueprint™ | Author | Speaker

Not Kidding!

If I ask you to guess which was a lie: 1) The Bengals will win the Super Bowl or 2) Taxes are not due this year till July; you would probably be say BOTH! Well here is a hint – I think the Buc’s are going to win the Super Bowl in 2021. Check back …

By Timothy Lofton, Founding Partner and COO at The Cornerstone Group

If I ask you to guess which was a lie: 1) The Bengals will win the Super Bowl or 2) Taxes are not due this year till July; you would probably be say BOTH! Well here is a hint – I think the Buc’s are going to win the Super Bowl in 2021. Check back in a year …

In an unprecedented move the IRS and Treasury Department just released guidance on deferring IRS tax payments. This provides some clarity to tax preparers and taxpayers as more fallout from the coronavirus continues.

This release of guidance comes a day after Treasury Secretary Steven Mnuchin announced that individuals will be able to defer up to $1 million and corporations will be able to defer up to $10 million for 90 days without penalties and interest.

Specifically, individuals, corporations and the self-employed can defer tax payments due April 15 until July 15. It states that the $1 million limit applies both to single filers and to married couples filing joint returns.

This extension applies to both taxpayers’ 2019 taxes due on April 15 as well as federal estimated income tax payments due on that date that pertain to the 2020 tax year. 

Please note that the deadline to actually file tax returns has not been extended and remains April 15. As is the case every year; people can request 6-month extensions with the IRS to file their returns.

The filing deadline extension is designed to help taxpayers financially and to make sure that people have access to the tax-preparation assistance they need. Tax professionals have been encouraging the extensions for several weeks.

Mnuchin said in a statement that the guidance will help to ensure that “hardworking Americans and businesses have additional liquidity for the next several months.” He also encouraged people to file their returns by April 15 “because many will receive a refund.”

This on the heals of the U.S. Small Business Administration approval of the State of Ohio’s application to qualify for the Economic Injury Disaster Loans as a result of the COVID-19 pandemic. Small businesses and nonprofits can now apply for up to $2 million in low-interest loans at

— Published on March 20, 2020

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