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

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

Why Using Private Medical Clinics May Cost you More for Life Insurance

private medical clinic

Using Private Medical Clinics May Cost you More for Life Insurance. If you use a private medical clinic –  like Medcan, Medisys or The Cleveland Clinic –  it may cost you more for life insurance. In some cases, it may cause a postponed decision or an outright decline by an insurance carrier.  This may not seem significant to some, but … Read More

Does It Make Sense to Incorporate or be a Sole Proprietorship Today?

incorporate vs sole proprietor

    Some weeks appear to have a recurring theme. For example, I’ve been approached by several owners of sole proprietorship businesses for the last couple of weeks, wondering if it is time to incorporate their business.  So what are the advantages and limitations of running a business as a sole proprietorship versus incorporating your business? So should you incorporate … 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