Family Business Owner Guidance Insights
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Guidance Topics: Building Maximum Family Business Value, Continuity, & Sellability, Exit & Transfer Strategies, Controlling the Family Component of the Business, Achieving Freedom to Enjoy Living the Life You Dream Of, Managing Personal Finances, Eliminating Bad Debt, Growing and Managing Personal Wealth.
Family Business Owners: How to Advance In the Direction of Your Dreams for Freedom
Would you just jump into a car or take an airplane to go wherever without planning your trip? If so, you would likely wind up somewhere other than where you intended if you had planned your course. Nevertheless, this is how many people plan their travel through life....
10 Ways to Make Your Family Business More Valuable
The value and transferability of a business is partially determined by your industry. For example, these days cloud-based software companies are considered more valuable than printing companies. However, when analyzing businesses in the same industry, there are major...
8 Ways Family Business Owners Can Relieve Stress, Frustration, and Anxiety
As a first generation family business owner, I periodically experienced various degrees of frustration, anxiety, and stress. Here are 8 ways I used to ease my discomforting moments. 1. Practice mindfulness meditation. Studies show that you can find a sense of calm by...
Do You Own a Valuable Family Business or a Worthless Job?
Many family business owners run a “business” that’s thriving, but which will die when they’re no longer there to nurture it. Do you own a valuable family business or a worthless job? There are eight drivers for building a valuable family business. One of the drivers...
First Generation Family Business Owners Are Especially Vulnerable To Giving The Keys To Their Business Away For A Huge Discount
Many family business owners fail to properly plan how to best grow and transition their business for maximum value and harmonious continuity. First Generation family business owners are especially vulnerable because the family successor component of their business...
First Generation Family Business Owners Must Do This to Become Financially Free and Enjoy a Fully Enriched Life
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...