Keywords: accounting method, cash basis, accrual basis, hybrid method, When opening a new business, a small business owner is faced with an enormous amount of decisions to make. One of the most important of those decisions is determining which accounting method they will choose to keep their books.
Theorist Erik Erikson coined the term identity crisis and believed that it was one of the most important conflicts people face in development. According to Erikson, an identity crisis is a time of intensive analysis and exploration of different ways of looking at oneself. Erikson's own interest in identity began in childhood. Raised Jewish, Erikson appeared very Scandinavian and often felt that he was an outsider of both groups.
Which is true. But, at trend in my life I'm noticing is it's really not an age thing in regards to the identity crisis. It's somewhat seasonalââwhere life has youââand the crisis of sorts can come anytime we are knocked off our norm and our routine and forced to evaluate what we are all about.