Assembling Your Team of Advisors

I wanted to continue on my post from yesterday on the subject of having a good team of advisors. Also called a ‘Board of Advisors,’ this team of experts has evolved from the traditional Board of Directors; a form of corporate governance that is nowadays highly associated with liability.  Because of this liability, most companies [...]

How Do You Know When its Time to Sell Your Business?

How do you know when it’s time to sell your business? How do I determine my own exit strategy from my business?
For a lot of small businesses this begins to become a consideration soon after the business begins to get off the ground. Norm Brodsky, a contributor to Inc. Magazine hits on this topic [...]

Making the Most of Your Business Meetings

Although mandatory for crucial decisions to be made, meetings can be extremely time consuming, especially for the busy executive.  I’ve had weeks that seemed like nothing but back to back meetings, Monday through Friday. How exhausting these weeks can be! 
Do you, like me, feel that most of your meetings are a complete waste of time? [...]

Traps Investors Should Avoid During the Current Crisis

I found an article written by Lauren Kamm of Kruse Asset Management that I wanted to comment on. The title of her article is, “5 Mistakes Investors Should Avoid During Financial Crisis.’
The five mistakes she cites seem like common sense to the experienced investor but for the beginner, these are good tips.

       1. Don’t panic
       [...]

Small Businesses Lose Focus On the Big Picture

 
Business Tips for Small Business
Unless you have an MBA on staff, most small businesses just don’t get all of their bases covered.  Many important issues are either overlooked or scrambled to get covered at the last minute. Most of the items that get overlooked hide under the umbrella of proper systems being in place. Below [...]

10 Things Millionaires Won’t Tell You

Source: http://www.smartmoney.com/10things/index.cfm?story=september2008-10-things-millionaires-will-not-tell-you
1. ”You may think I’m rich, but I don’t.” While $1 million was a tidy sum three decades ago, you’d need $3.6 million for the same purchasing power today. So what does it take to feel truly rich? The magic number is $23 million, according to Fidelity.

2. ”I shop at Wal-Mart…”
3.    ”…but I didn’t get rich [...]