The plain and simple answer how to hire family members for a senior position in ...
There are many people who profess to be financial advisors. How can you know whether ...
The wealth of many boomer business owners is tied up in their business. This ...
When business owners offer seller financing to internal buyer successors, there are many risks involved for getting full payment of the financing provided. Therefore, one of the essentials that should be a mandatory requirement as part of seller financing is the establishment of an advisory board to oversee and protect the seller’s “investment”. Just as bank […]
Making blunders in business can be painful emotionally and financially. I know this by first-hand experience, and in my book, The Quiet Millionaire, I explain how learning from making mistakes can make business success all the more sweeter. As a business owner, I’ve had to reach down deep inside, fight with everything I had, and […]
The third stage of the four transitional business stages, which I describe in my book, The Quiet Millionaire, is the Thunder stage, when higher levels of growth occur. This requires the business owner to focus more on higher level decision-making and intelligently leveraging and leading a growing number of managers and employees. In other words, […]
As I describe in my book, The Quiet Millionaire. there are four transitional stages that a family business owner experiences from starting and growing, to exiting a business – Wunder, Blunder, Thunder, Plunder. The Wunder stage is the initial survival stage.Most new businesses don’t survive the Wunder stage, and my book explains why. Fortunately, I […]
In my book, The Quiet Millionaire, I describe the four transitional stages of business ownership, which I term as the Wunder, Blunder, Thunder, Plunder stages. My experiences transitioning through all four stages as an entrepreneur provided me both rewarding highs and humbling lows. When I left my ego puffing, cushy career in big name […]
I’m sharing the story of my entrepreneurial journey with you starting from my earliest years because I believe that entrepreneurship must be born within someone as part of his or her genetic DNA. Only then can they be bred to achieve entrepreneurial success. Accordingly, not everyone is destined or capable of becoming a business owner. […]
Can you honestly answer these questions? As a family business owner and advisor, I’ve had to address for myself and other business owners tough emotionally charged questions. Here are five questions that every family business owner must honestly answer during the Plunder Transitional Stage and beyond. How long can I, or do I want to continue […]
I have a passion for serving as a family business advisor. What I really like most are the dynamics of a long-term relationship with family business owners and their families. It’s extremely gratifying helping them ensure that their financial status is prosperous. Moreover, beyond the financial I enjoy my interaction with the owners, management, and […]
Clearly defined, shared common ground goal setting and implementation is crucial to avoid business goal disputes, and for the business to grow and prosper. Shared goals and responsibilities amongst owners and family members create healthy harmony and increases successful outcomes for all involved. For my own family business and for my business owner clients, I […]
How aware are you that all financial advisors are not the same? Some are 100% pure, and some are loaded with financially unhealthy, hidden additives. Their labels can be confusing with a lot of small print and misleading gibberish. How do you uncover the difference between the pure and the adulterated advisor? Here are some […]