Success can be a nebulous concept. What one business owner considers success might only be a step on the path to success for you. What are some of the guidelines that you can use to foster the kinds of planning that achieve the success you want? Tom Morris—a pioneer of business thinking—proposed the 7 Cs …
Selling Your Business Or Not: The Planning Is The Same
There are many things for you to consider as you think about the future of your business ownership: When is the right time to move on? How much money will I need? How do I even sell this business? These questions dovetail into an important decision you’ll try to make early in the process of …
Selling Your Business Or Not: The Planning Is The SameRead More
Can Family Business Transfers Succeed?
In the checkered, but always interesting, history of nepotism (as it relates to business transfer) we find that parents hope a child will take over a business for several reasons: 1. The joy of working together. (At least that’s what some owners claim.) 2. Greater employment and financial opportunities for family members than that available …
Successful Planning Starts Much Earlier Than You Think
Many business owners believe they have plenty of time to create a successful plan for the future of their businesses. Most commonly, owners think that if they give themselves a few years, they can transform their businesses into whatever they need them to be: whether that means bigger, more valuable, or more easily sold/transferred. And …
Successful Planning Starts Much Earlier Than You ThinkRead More
Shaping vs. Creating – A Plan For Your Business
When we talk about planning for the future, we often talk creating a plan. The idea of creating something as big as a plan for the future can imply a ton of from-scratch work (as is often the case), which can cause you to want to put that ton of work on to another day. …
Are you safe in the hands of financial advisors?
Did you know?If you hire a brand-name advisor, they are most likely accountable to the shareholders of their company. That means they need to focus on generating profits. So they may put the company’s interests in front of yours. In fact, it’s perfectly legal. Is that common?Is it common for brand-name advisors to put the …
Kids learn their money values from you. Have the hard conversations with them.
Money conversations can be hard. Have them anyway. If you really want your children to have good financial habits in the future, you can’t afford to not talk to them about money now. While it’s best to start when children are young, remember, it’s never too late to get the conversation started. Even if your …
Kids learn their money values from you. Have the hard conversations with them.Read More
Is Concierge Medicine Worth The Cost?
Over the years, we have found that there are elements of your life that are more important than money. These elements – Physical Health, Relationship Health, Inner Health and Career Health – cannot be delegated. We hope that you find this article to be of value in improving the quality of your life. The concept …
Is Retiring Abroad the Best Choice For You?
More Americans are leaving the U.S. to chase retirement dreams abroad than ever before. Though it’s hard to estimate the exact number of expat retirees, the Social Security Administration sends over 680,000 monthly checks overseas.1 For many, the main reasons are cost or a better lifestyle – with services such as housekeeping, cooking, and home …
You Should Freeze Your Child’s Credit. It’s Not Hard. Here’s How.
Thanks to a recent new Federal Law, the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, anyone from an infant to your great-grandmother can freeze their credit report for free (a Congressional response to the Great Equifax Hack of 2017 and the aftermath of people who struggled with costly and delayed credit freezes). …
You Should Freeze Your Child’s Credit. It’s Not Hard. Here’s How.Read More
Tips for Your Financial Future
However much you make or save now doesn’t promise you a bright financial future. Life is unpredictable. Follow these 10 tips to prevent you and your family from money troubles. See a lawyer and make a will. If you have a will, make sure it is current and valid in your home state. You and …
Act before year end to minimize your tax burden.
Some people think they can wait until March to worry about taxes. Wrong. The end of the year is a perfect time to make some last-minute efforts to reduce your tax burden. Advice this year is a little different, as no one is quite sure what 2019 will bring from a tax code perspective. Things may …
