With your team established, it is time to put in place the necessary systems and processes to enable everyone to continually add value as a planning team. Just like within your business, you need to think strategically about how your team is structured, and what rhythm will work best for them and for you. Here are some structural components to consider for your planning team: Regular Meetings – Unless you… Read More
The Business of Money – Business Succession Planning – Garry’s Path to Succession
The Business of Money – Business Succession Planning – Roger’s Path to Succession
The Business of Money – Business Succession Planning – How Do I Start?
The Business of Money – Business Succession Planning – Why Internal Succession?
The Business of Money – Seats at the Planning Table – Part 4
The Business of Money – Seats at the Planning Table (Part 3)
We have heard a lot about ‘virtual’ in the past year and a half, but your Virtual Team is not a team that meets exclusively via Zoom. Rather, this team comes around your Core team when you encounter issues outside their areas of competency. Members of your Virtual Team will get involved to play a specific, specialized role, and when the need for that role is gone, they step out…. Read More
The Business of Money – Seats at the Planning Table (Part 2)
What seats do you have at your planning table? What seats might you need that you don’t have? What roles do you need your advisors to play to help grow and protect your business? These are probably not questions you lay awake asking yourself each night. Very few of us intentionally plan out our advisory team, unless there is a forcing mechanism (sale, succession, catastrophic event) that leads us to… Read More
The Business of Money – Seats at the Planning Table (Part I)
This is the first blog of our series titled “Seats at the Planning Table” in which we will explore the who, what, when and why behind organizing a planning team for your business. In this series, we are not talking about your “in the business” strategic planning team, but your “on the business” planning team. This team will be made up of various outside advisors and some internal team members…. Read More
The Business of Money – What Path is Right for YOU?
How many speakers do you hear, books do you read, or podcasts do you listen to that give you a specific prescription on how to best run your business? Much of the business media we consume is hoping that you take their specific path to business success. It is what helps them build their brands, sell their products, and have testimonials to promote to other business owners. I have found… Read More