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

How Do Kids Handle the Sudden Loss of a Brother or Sister?

loss of a sibling

By sharing our story and struggles about what we went through with Madeline, we cross paths with the many people who have gone through equal pain and devastation. I believe it’s therapeutic for all of us. Some of the stories are recent, and some are from years ago. Some are tragic, and some are hoping to have or have had … Read More

Are These 4 Health Plan Mistakes Putting Your Small Business at Risk?

Benefit Plan a Liability To Your Company

You’re a great employer! You’ve set up a benefits plan for your employees, but you may be exposed to unrealized liability. Many companies set up a benefits plan to protect their employees but is your employee benefits plan creating a liability for your company? Here are some potential situations that we come across that can potentially come back and blow … Read More

11 Essential Mental Health Coping Strategies for Entrepreneurs

mental health coping strategies

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

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