Successful business owners do a lot of things well, and they make it look easy. This is often a sign of well-running processes and years of discipline. However, it can also be a trap for successful business owners who intend to pass their businesses … [Read more...]
Worried what volatility means for your retirement savings?
If you've been paying attention to the financial markets, you may feel a bit unsettled by the volatility we have seen this year. Stocks have been impacted by a variety of factors including Russia invading Ukraine, inflation, and the Federal Reserve … [Read more...]
Market volatility feeling scary?
If you’re paying attention to the financial markets, you’re probably feeling a bit unsettled by the volatility we have seen this year. Volatility is a normal part of investing. It may feel scary, but it shouldn’t be surprising. Given the inherent … [Read more...]
How Much is Success Worth to You?
Running a successful business requires incredible amounts of effort, ingenuity, and capital. And when it comes to planning for the business’s future—both with and without the owner—many business owners ask, “What will this cost me?” Let’s look at the … [Read more...]
What is a Bear Market exactly?
Have you ever wondered what the Bear v. Bull analogy actually means?? Economists normally define a Bear Market as a 20% decline from a previous high over a sustained period of time. You may be hearing this term used more lately. However, … [Read more...]
Getting Personal in Business Planning
It’s not uncommon to hear the phrase “Don’t take it personally” in terms of business decisions. But when you own a business, it’s difficult—if not impossible—to not take business decisions personally. After all, it’s likely that you, your family, and … [Read more...]
Negative GDP – not too concerning
The GDP data released this week showed that during the first quarter of the year, the economy was growing, or really contracting, at a pace of -1.4%. This number measures total output of Q122 compared to total output in Q421. On an annual basis, … [Read more...]
Keeping the Family Business Running and the Business Family Happy
Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and … [Read more...]
Inflation & military conflict … to worry or not to worry?
As the volatility of 2022 continues with last week's Russian invasion of Ukraine, many of you might be worrying about the plans you have diligently made and wondering what these new developments mean for your savings. Russian Conflict Some … [Read more...]
The Common Element Among Unique and Successful Businesses
Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their … [Read more...]
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