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Selling your business is one of the biggest decisions you’ll ever make. It determines the futures of you, your family, your team, and their families. Beyond merely considering the financial side of things, you must also think about how a business sale will affect you emotionally. You’ll need to ask yourself questions like, “What will […]
When Is the Best Time to Sell My Business? Read More »
One of the most challenging aspects of business ownership is people. Each one has different skills, needs, and personalities. As a business owner, it’s your job to put them in the places that make the best use of their abilities and fulfill their needs while mixing personalities that may, or may not, be the best
Not a Good Fit… What to Do When You Hired the Wrong Person Read More »
Business owners must be adaptable and creative to keep up with consumer trends, changes in business, and the demands of the economy. Sometimes, that means discontinuing a product, service, or market offering. But it may not always be easy to decide when to cut a product offering. Today, we’ll measure things like consumer demand, cost
When Should You Phase Out a Product or Service? Read More »
The impact of inflation can be felt in every corner of the economy. On a personal level, we feel the financial pinch each time we fuel our vehicles, buy groceries, and even heat or cool our homes. But as a business owner, the impact of inflation can be a double-edged sword. Not only are you
How Your Business Can Increase Profits Margins During Inflation Read More »
Aaron Freeman / Money Talks News Should you buy or lease your car? Where should you live? Is college worth it? Should you invest in stocks? If so, what kind? How much insurance do you need? These are the kinds of decisions we face every day. And your responses can literally change your life. Learning
5 Tips to Make Better Financial Decisions Read More »
Whether you realize it or not, we’re all playing the wealth game. Some never get off of first base while others do quite well for themselves on second and find financial freedom on third. But today, I want to talk about those of you who have won the game. You’ve rounded all of the bases
Financial Freedom: Winning the Wealth Game Read More »
Third base is a special place in the wealth game. Once you’ve reached third base, more than likely, you have achieved each of your financial goals. So, there’s nothing more to do besides kick back and enjoy the spoils of your hard work… Right? Not so fast! Although many people do just that, once they’ve
Independent Wealth: The Trap at Third Base Read More »
As we continue to explore the wealth game, it’s time to set our sights on third base and head toward financial independence. At this point in your financial life, you’ve reached a point where many would consider you successful. You’ve got a house. You’re regularly contributing to your 401(k) and other retirement plans. Likewise, you’ve
The Path to Financial Independence: Moving From Second to Third Base Read More »
In today’s entry, I’m going to continue our look at the wealth game. Up to now, we’ve discussed getting from the batter’s box to first and the traps that can keep you stranded there, and the moves you can make to “lead off” from first base. But today, we’re going to shift our focus to
Building Assets – Safe on Second Read More »
Recently, I’ve been exploring the wealth game and what it takes to win. Up to now, I have introduced the game and discussed how to avoid the employment handcuffs that come with reaching first base. You see, merely reaching first base (aka entering the workforce) isn’t enough. Those who remain on first for their entire
Becoming Financially Independent: Leading Off from First Base Read More »
With today’s entry, I want to continue looking at the wealth game. Following the same baseball analogy from the first blog in this series, I want to examine the move from the batter’s box to first base which is typically your first job. This is a necessary first step but it’s important to avoid the trap
The Wealth Game: Getting to First Base Read More »
Aaron Freeman / Money Talks News With prices for flights, hotels and other travel expenses going through the roof, there’s never been a better time to learn about travel hacking with credit card points. But how does it work? Can the average person get in on the action without making it a second job? Whether
5 Tips to Maximize Your Credit Card Points Read More »
Imagine trying to play a game without knowing the rules or even the basic objective of the game. Chances are, you wouldn’t perform very well. Without knowing the game’s basic rules and how it’s played, you’re at a major disadvantage compared to those who are well-versed in it. Yet, this is exactly what is taking
Wealth Accumulation: An Introduction to The Wealth Game Read More »
I’ve often acknowledged that business owners are some of the hardest-working people on the planet. You have so many responsibilities, for yourself, your family, your team, your clients, vendors, etc. But in the midst of these responsibilities, you will undoubtedly encounter problems. So, you approach each day seeking to solve these problems (often, before they
Self Sabotage: How Business Owners Get In Their Own Way Read More »
I’ve heard it said that to become an expert at something, you must have worked at it for at least 10,000 hours. After that amount of time, you’ve likely experienced enough scenarios regarding a subject that you could be considered an expert. Some of you could be considered experts in your field. I have been
Selling My Business: The Lessons I’ve Learned Read More »
Entering into entrepreneurship is a daunting task. In truth, there will be many moments where you just feel like giving up. There will be many sleepless nights and long days. Similarly, there will be plenty of naysayers with an infinite number of reasons why you’ll never make it. But you’ve got what it takes to
The New Business Owner: Attitude and Success Part II Read More »
You wouldn’t be where you are right now without tenacity. No matter how many times you’ve been kicked in the teeth, you’ve always been willing to get up and dust yourself off. You’ve probably even done so with a big, defiant smile on your face. It’s true that business owners are a special breed. However,
Attitude and Success Part I: The Seasoned Business Owner Read More »
When you first began your business, you were probably willing to work with anyone who could fog a mirror. However, as your business has grown, you’ve had to become a little more selective. Your business has become more complicated as it has grown. All of a sudden, you’re looking at the vulnerabilities in your company
Small Business Marketing: Creating the Perfect Buyer Persona Read More »