What Role Should Charity Have in the Sale of Your Business?

money management mistakes

How are a charity and the sale of your business even related? One represents the ultimate capitalist success story, and the other is an organization set up to provide help and raise money for those in need. Here’s the link. For many business owners selling your business represents the most significant tax event in your lifetime. Charity represents an excellent … Read More

7 Reasons Why Keyperson Insurance is Strongly Recommended for Your Business

keyperson insurance

Last week, I wrote about buy-sell insurance because several business owners I talked to didn’t know what it was, let alone have it to protect their business. This week, I’m talking about keyperson insurance. Whereas Buy-Sell insurance uses insurance proceeds to buy out an existing partner’s shares of the company, keyperson insurance is an infusion of cash to help the … Read More

Why is Buy-Sell Insurance Critical to Your Business’ Success and Continuity?

buy sell insurance

I always ask business owners if they have buy-sell insurance or partnership insurance. Surprisingly, about 50% of them didn’t know what it was, let alone possess it. When I asked if they had a Partnership Agreement in place, most answered, of course. Some were more formalized than others, but most saw the importance behind having a partnership agreement. Then, I … Read More

The 8 Things You Can Do to Ensure Your Business Survives Divorce (#7 is just Nasty)

ensure your business survives a divorce

Since the beginning of COVID, a few business owners have asked me what measures they should take to divorce-proof their business. I think the more appropriate question is how to divorce-ready your business. Similar to the assets of a marriage, a company’s assets are considered mutually owned within a marriage. The complexity of a business can be far more challenging … Read More

Wake Up Parents; You Could Lose Your Child to Suicide

child suicide

Last month I was invited to speak to a group of grade 7 and 8 parents about teen mental illness, what I’ve learned of our dealing with Madeline and what we were hoping to accomplish with The Maddie Project. We scheduled a date. I provided a summary of the content, and an agenda was sent out to all parents to … Read More

Do We Have a Responsibility to the Entrepreneurs of Today and Tomorrow?

entrepreneurs of today and tomorrow

Being an entrepreneur can be one of the most rewarding and liberating things you can do as a career. Equally valid, being an entrepreneur can be one of the most frustrating and emotional roles you can choose to make a living. Schools are great at teaching you how to succeed when starting a new business, but do these schools properly … Read More

Does the Entrepreneur’s Journey to Greatness Need to be so Damn Lonely?

entrepreneurs Journey to Greatness

Do you ever wish you could have an honest conversation with a fellow business owner without judgement? I’m talking a completely candid; no holes barred, these are my deepest and darkest fears kind of conversations. I’ve been doing this entrepreneur thing for 30 years, and over the duration, I’ve experienced many emotions: joy, frustration, pride, anxiety, depression, optimism, sadness, fear. … Read More

My Accidental 10-Year Journey to Discovering Emotional Intelligence

discovering emotional intelligence

There’s something ironic about me writing about Emotional Intelligence. Those who knew me 15-20 years ago would probably accuse me of not even knowing the definition of Emotional Intelligence. They wouldn’t be far off the mark. Since then, a lot has happened, including several devastating life events that have impacted the person I am and how I look at the … Read More