The Top 6 Things I Would’ve Done Differently with My First Business

doing things differently

Experience gives us knowledge. Unfortunately, this knowledge can come at a very hefty price. In the case of my Partners and me, it resulted in the bankruptcy of our office furniture business. We did a lot of things right and enjoyed great successes for most of the time I was an owner. We were never afraid of change. In fact, … Read More

8 Tips To Make Your Family Business Succession Plans Successful

 Family Business Succession Plans Strategies If you are an owner in a family enterprise, the likelihood of your business successfully transitioning to the next generations is not very good.  This has not changed over the years. Statistics show a failure rate of: 67% of businesses fail to succeed into the second generation 90% fail by the third generation With 80% to … Read More

5 Types of Business Risk Every Business Owner Should Absolutely Prepare For

Benefit Plan a Liability To Your Company

Ignoring Business Risks Could Mean Disaster for Your Family, Your Retirement, Your Business and Your Employees As business owners, we expect and accept a certain amount of risk.  If there weren’t any risk, then everyone would go into business for themselves.  Like in life as in running a business, there are smart risks, calculated risks and completely random risks.  Some … Read More

What are the Keys To Planning a Successful Business Exit Strategy?

Successful Business Exit Strategy

Can Your Business Exist Without You?  Can You Exist Without Your Business? I meet with an average of 10 business owners every week.  There’s a varied cross-section of industries, size of company and expectations of growth.  Each owner’s idea of success is very different, as well.  The one common denominator amongst them, however, is to leave a legacy and to … Read More

What are the 12 Benefits of Permanent Life Insurance for Business Owners?

Best Corporate Financial Planning Considers the Benefits of Business Insurance Most people hate life insurance.  There are even fewer people that want to buy life insurance.  The people that like it are the individuals that realize what life insurance can do for them and their business.  The only other people who want to buy life insurance are the one’s that … Read More

7 Succession Planning Best Practices for Business Owners

Are Your Business Succession Plans in Place? In my dealings with business owners over the years, there are a number of similarities that consistently are apparent in dealing with company succession plans: there often isn’t an absolute succession plan in place; not enough time exists between planning an exit strategy from their business and executing upon it; and part of … Read More