Markets don't like surprises. Volatility is a normal part of investing. It may feel scary, but it shouldn’t be surprising. Have a plan to ride out volatile periods. We maintain a cash reserve for known cash needs over the next 12-18 … [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...]
4 Improvements That Can Position Owners for Greater Success
Success is rarely linear. As a business owner, it’s important to both acknowledge that fact and create plans that can provide short-term results while having long-term impacts. Today, we’ll show you four areas in which strong planning and realistic … [Read more...]
Planning Is a Team Sport: Which Teammates Do You Need?
Talent wins games, but teamwork and intelligence win championships. –Michael Jordan You are a talented business owner. It’s why you win in your market. But when it comes to long-term planning, having an intelligent team to support your talents can … [Read more...]
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