Your Family Business Legacy Matters Enough to Do These Three Things Your family-owned and run business can be the greatest gift or the greatest burden to the people you love, if and when something happens to you. If you’ve planned well and properly for your family business legacy to be continued, managed or sold, it…
Broaden Your Business Market Landscape: Venture Overseas! Today, we live in a truly global economy, so much so that it is often natural to consider expanding by doing business overseas. The Internet helps make this quicker and easier than ever before. Before moving to global operations, however, it is important to consider how that decision…
The Benefits of a Business Succession Plan When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may not be finished if you own a business. A business succession plan is at least as important as a personal estate plan, maybe…
Family Business and Divorce If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing…
DIY’d a contract? It could come back to haunt you. Imagine this. You’re in a courtroom getting sued. You’ve done nothing wrong, except sign a contract you did not fully read nor comprehend. Now, your choice to DIY a contract has come back to haunt you, causing expensive litigation. This unfortunate scenario is not a…
Conscious Money Challenge: Know How You Are Invested If you have money invested in the stock market, whether through a retirement account or a straight brokerage account, I challenge you today to find out exactly what your money is invested in and make a conscious choice about what you are supporting in the world. If…
Teach Children Open-mindedness and Embracing Differences When you picture a “normal” family, what do you see? Is it the traditional notion of one male parent and one female parent, two kids, and a family pet? Or do you see something different? Or perhaps you reject the notion of a “normal” family altogether? Recent court and…
Become More Successful by Recharging on Weekends The “work hard, play hard” attitude has infiltrated American sportswear and music. And it can also be applied to our attitudes about the balance between our professional and personal lives. A study from Stanford University examined the effect of working long hours on productivity. The results may surprise…
Common Ways to Finance a Small Business If you have decided to take the plunge into the world of small business, you are likely evaluating finance options. Most businesses require some initial influx to cover startup costs. Before you embark on the exciting journey of owning a small business, however, it is important that you…
Read this before you sign on the dotted line of a commercial lease Finding the right space for your business can be tough. You may have conducted a technical feasibility study to assist you in your search, or at the very least compiled an extensive list of essential features. You’ve had to think about location,…
This Partnership Agreement Will Become the Cornerstone of Your New Enterprise Starting a new business can be an exciting time, but one of the most important steps in forming a partnership should never be rushed. The partnership agreement will become the cornerstone of your new enterprise and needs to both define everyone’s roles and responsibilities…
Property owners should educate themselves on how to protect their property. Instinctively, the ominous name “adverse possession” signifies an aggressive and problematic situation a landowner should try and steer clear of. It is. Adverse possession is a legal doctrine which allows a trespasser to gain legal title to land based on meeting certain criteria. Most…
Passing Down Family Values from Generation to Generation Most of us want to make a mark in the world. That’s a big part of what gives our lives meaning. And whether or not we have children, our history and stories can be a unique and irreplaceable gift to our families. With just a little effort,…
Work-Life Balance: A Personal Perspective Pick up the latest copy of just about any business magazine, and you’re likely to find at least one article on work-life balance. Employers all over the country are talking about how to retain employees, particularly millennials, by enhancing work-life balance. But the conversation really can’t stop or start with…
Why You Should Write Your Life Story How often do you wish you knew more about your family? When we’re young, we don’t necessarily pay attention to the stories our elders tell us. Later in life, we often become interested in knowing who and where we come from. We want to learn more about what…
For instance, Queen Latifah Cares for Her Aging Parents We may not think about it often, but even celebrities take care of their aging parents. Actress, singer, and songwriter Queen Latifah plays an active role in caring for her mother, Rita Owens, who was diagnosed with heart failure more than 10 years ago. Owens learned…
Signing Up for Medicare: The Facts For You or Your Parents Nearing Age 65 People who are nearing the age of 65 should be making plans for the transition from private health care to Medicare. It is not a simple process or one that happens automatically. You have to initiate the enrollment process at a…
Grow Through Failure—A Gift That Keeps On Giving Laws and rules are created within organized societies to regulate interaction and protect citizens. A classic example is the American system of traffic laws. They are designed to promote consistent traffic flow while reducing accidents. When everyone understands how a four-way stop works, expectations follow. We learn…
When Is It Worth It? Elder Care is emerging as a significant issue for many people as life spans continue to increase. It is nice to know that because of health care advances, we can expect to live longer, but there are no included guarantees on the quality of life in the later years. Many…
Support Your Child’s Ultimate Success If you are like most parents, your primary objective is to support your children to be prepared to handle the pressures of adulthood. If you have wondered what the most important thing you can do to support your child now, this article has your answers and it may not be…
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