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 ...
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 […]
Here are three cardinal rules for deciding whether to contribute to a tax-deferred retirement plan or to save in a taxable investment account for retirement. Rule One: Never contribute after-tax dollars to an employer-sponsored group tax deferred retirement plan, regular IRA, or insurance company sponsored annuity. Rule Two: If eligible, always contribute the maximum allowable […]
The quiet millionaire® business owner maintains control of their departure outcome by having an exit strategy as part of the company’s business plan. Business owners do not plan to fail, but they often do because they fail to plan. One of the most malicious of obstacles to achieving a successful exit is the taxation of […]
When you look at what is required to achieve wealth building success, you have another important decision to make, whether to do everything diligently on your own or work with the help of an objective and competent professional advisor. Either way, there are all sorts of resources available to you, many of which seem reliable […]
Annuities are popular with financial salespeople because they pay out large commissions, which drive up the costs you incur. For these reasons, although there may be special circumstances that are appropriate for buying an individual annuity, most times they do not merit being used as a savings vehicle for retirement or any other purpose. The […]
There are a lot of different reasons why business owners start companies. I founded Financial Management Group (www.fmgonline.com), more than twenty-five years ago because I was an entrepreneur trapped in the large corporate world of banking. My career success depended more upon how well I out-politicked and out-maneuvered my peers, not upon how well […]