by Brett Wilder | May 27, 2022 | Business Planning, Business Succession, Family Business Planning, Financial Planning, Personal Freedom
To begin, realize that there’s a difference between being rich and being enriched. Being rich is having abundant valuable material “things”, such as houses, cars, jewels, etc, that money can buy. Being enriched is having a life that’s meaningful, substantial, and...
by Brett Wilder | May 21, 2022 | Business Exit, Business Planning, Business Succession, Family Business Planning, Resources
Here’s why 70% of #first generation #family businesses don’t reach the next generation. Delayed and/or poor strategic planning to maximize value. Insufficient business equity value built for first generation owner to exit. Incongruent family member succession...
by Brett Wilder | Apr 3, 2022 | Business Planning, Business Succession, Family Business Planning, Personal Freedom, Wealth Management
Family Member Entitlement Attitudes Can Threaten Owner Freedom to Enjoy Life Self-made, first-generation family business owners can experience frustration and disappointment when their children or grandchildren don’t appreciate all of the sacrifice, effort, energy,...
by Brett Wilder | Mar 31, 2022 | Business Planning, Business Succession, Family Business Planning, Financial Planning
To build a family valuable business and reach the freedom point, family business owners need to smartly plan to do the following: Define specifically the destinations for both business and personal. Family business and personal goals and objectives must be specific to...
by Brett Wilder | Feb 19, 2022 | Business Succession, Family Business Planning, Personal Freedom, Wealth Management
As a Family Business Owner, Do You Know What is Your Freedom Point? As a family business owner, I reached a point whereby the majority of my net worth had ballooned to be centered in my business ownership. My equity concentration in the business potentially risked my...
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