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The Master’s Minute

Helpful Tools and Tips

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: General

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

The Business of Money – What is Your Exit Strategy?

September 24, 2020 by Garrison R. North

It may not be an overstatement to say that it is never too early to start thinking about your business exit strategy. Your exit strategy can influence how you manage your business and what strategic decisions you make to get closer to your end goal. The closer you get to a possible exit without thinking through your end game, the more you are leaving things up to chance and allowing… Read More

Filed Under: Corporate

The Master’s Minute – Prudent Cybersecurity

September 22, 2020 by Timothy S. Tyson

I remember during my teenage years, before the internet, when the only forms of electronic media were television and radio. Back then, the main battle was to be thoughtful and intentional about the choices of media I invited into my life. Today, it’s not only about our media intake; it’s also about protecting access to our personal and confidential information. We take cybersecurity seriously at Master’s, and I will share… Read More

Filed Under: Blog, Master's Minute

The Master’s Minute – Quality Over Quantity

September 15, 2020 by Lyle E. Hershey

My son, Marshall, has had a long-standing enthusiasm for collecting sports cards. He is like a kid in a candy store when he can open a new pack of cards. Naturally, he loves to physically open his own new pack of cards and see what cards he gets, but he will regularly watch YouTube videos of other people opening packs of cards. I recently offered to help him be a… Read More

Filed Under: Master's Minute

The Business of Money – Retirement Savings and Risk

September 10, 2020 by Garrison R. North

If you own a successful business, you may wonder why you would do anything other than continually reinvest back into that business. It is most likely the best investment you have ever made! When we think about investing, we need to take into consideration the risk/reward tradeoffs of our decisions. When we see more potential reward in an investment, we should immediately begin to identify what additional risks are coming… Read More

Filed Under: Corporate

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