As the markets continue to advance, planning can be taken for granted. Instead, it requires even more diligence.
The "Life Balance Sheet" is an Essential Tool for Your Wealth Planning https://www.youtube.com/watch?v=8VLwBpbe8Qo Business and professional practice owners know they cannot effectively run their company without understanding its financial position. In the same way, when it comes to making a comprehensive wealth plan, they also need a framework to assess their overall financial status. A … Continue reading Keep Track of Your Total Net Worth
To grow a business or increase its value, owners must frequently undertake different change initiatives. This model, "The Four Keys for Managing Change," is a simple guide to get you started.
Transferring a family-owned business to a new generation of leaders can be difficult. Once the process begins, there is no telling what may - or may not - be found with each discovery creating another challenge. Situation The company was a leading specialty contractor in the state of Hawaii, doing business on each of its … Continue reading Case Study – Family Business Succession
Many business owners like the idea of selling their company to their employees. Until it doesn't work out. Then they either have to take the loss or re-claim their business (something they did NOT want to do), fire their former managers/employees, and start over. Here's how to reduce the risk. Here’s one of the “dirty … Continue reading Should I Sell to My Employees?
What happens when a professional service firm outgrows its current structure? Confusion. "Choke-points." Chaotic Service. High Costs. In order to continue to grow the organizational model and internal processes had to change. Service: Change Management and Growth Client: Large Independent Financial Advisory Firm Situation: The firm had experienced rapid growth and had an annual revenue of … Continue reading Case Study: Financial Advisory Firm
Market Insight: MIDWEEK TUMBLE PARTIALLY REVERSED BY FRIDAY RALLY Stocks closed lower after a highly volatile week that saw a Friday rally partially compensate for a steep sell-off on Wednesday. The large-cap S&P 500 Index and the S&P MidCap 400 Index fared better than the other major benchmarks. After reaching its lowest level in over … Continue reading Weekly Insight: May 15 – 19, 2017