by Brett Wilder | Jul 1, 2022 | Business Exit, Business Planning, Business Succession, Family Business Planning, Financial Planning, Resources
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...
by Brett Wilder | Jun 16, 2022 | Business Exit, Business Planning, Family Business Planning, Financial Planning
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...
by Brett Wilder | Jun 1, 2022 | Business Exit, Business Planning, Business Succession, Family Business Planning, Financial Planning, Personal Finance, Wealth Management
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...
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 | 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...
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