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The Business of Money

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The Business of Money – Exit Strategy – Maximize Legacy

November 12, 2020 by Garrison R. North

We have outlined three different methods to consider when you think about your exit strategy – maximize price, maximize continuity, and maximize legacy. We will now take a deeper dive into each strategy and how you can approach thinking about each one. The final exit strategy to discuss is the Maximize Legacy strategy. This strategy takes internal succession one step further. The end goal is to pass your business to… Read More

Filed Under: Corporate

The Master’s Minute – Generosity & Stewardship

November 10, 2020 by Charles D. Keller

Today’s blog is the first of a series focusing on Generosity and Stewardship. The two featured topics are undoubtedly linked yet vary slightly. Both contribute greatly to a meaningful, life-giving, and successful financial plan. I count it a privilege to “set the table” for the next several weeks of thoughts on two topics that we are very passionate about. Let’s first look at the topic of stewardship. Simply put, stewardship… Read More

Filed Under: Blog, Master's Minute

The Master’s Minute – “On The Business” Week

November 3, 2020 by Garrison R. North

Filed Under: Blog, Master's Minute

The Business of Money – Exit Strategy (Maximize Continuity)

October 29, 2020 by Garrison R. North

We have outlined three different methods to consider when you think about your exit strategy – maximize price, maximize continuity, and maximize legacy. We will now take a deeper dive into each strategy and how you can approach thinking about each one. Very few business owners end up pursuing a maximize price exit strategy. In general, that strategy gets balanced out by other non-monetary factors that are important to the… Read More

Filed Under: Corporate

The Master’s Minute – Butterflies

October 27, 2020 by Deborah K. Lorah

“If there were no change, there would be no butterflies.” – Walt Disney In case you have not noticed, the world, in dealing with a pandemic, has changed. We have had to learn a new language: social distancing, flattening the curve, herd immunity, super spreader events. Some have had to learn new jobs on the fly if there were children in the household: math teacher, tech support, lunch lady, activities… Read More

Filed Under: Uncategorized

The Master’s Minute – Three Benefits of Alignment Living

October 20, 2020 by Lyle E. Hershey

My wife and I were recently shopping when we saw an elderly man near us collapse. We asked the lady with him, who we later found out was his daughter, if she needed help, and she indicated she did. Fortunately, we were able to find a doctor and a nurse who were also shopping in the store at that time. Neither of them could find the man’s pulse so they… Read More

Filed Under: Blog, Master's Minute

The Business of Money – Exit Strategy – Maximize Price

October 15, 2020 by Garrison R. North

The Business of Money Blog

We have outlined three different methods to consider when you think about your exit strategy – maximize price, maximize continuity, and maximize legacy. We will now take a deeper dive into each strategy and how you can approach thinking about each one. We start with the strategy that might first come to mind when we think about selling a business – Maximizing Price. You should consider this strategy if you… Read More

Filed Under: Corporate

The Master’s Minute – The Sudden Money Event

October 13, 2020 by Robert B. Miller

Most people think it would be great to suddenly come into a large sum of money. They dream of what they could do with all that money and fantasize about being set for life! But more than half the people who come into sudden wealth lose it in a few short years. Unwise decisions, bad habits, and sadly, unscrupulous advisors can cause wealth to quickly erode. Whether sudden money becomes… Read More

Filed Under: Blog, Master's Minute

The Master’s Minute – What Constitutes Good Advice?

October 6, 2020 by Garrison R. North

Being in the business of advice-giving, we are continually thinking about the most effective way to advise our clients. How do we communicate most effectively? How can we increase the success rate of the implementation of that advice? How can we learn the art of when to speak and when to listen? I think a few tenants of advice-giving can serve us well in solving this puzzle. Advice is Personalized… Read More

Filed Under: Blog, Master's Minute

The Master’s Minute – The Importance of Diversification

September 29, 2020 by Garrison R. North

Filed Under: Blog, Master's Minute

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