Companies with good leadership have to improve all the time to survive. It’s just as simple as that.
But how can be a challenge. (more…)
Business Owners
The Price of Success
At a recent gathering, I spoke to Will, a local small business owner. Will and his uncle have built a very successful diesel repair business, they specialize in heavy equipment. I asked how their year had been.
Will was excited over the level of growth they had that year. They took on a large contract with Caterpillar, along with their existing client base, “it set them up pretty”, to quote Will. They hired two additional diesel repairmen and expanded their shop adding two additional repair bays. I asked if they had spoken to a financial advisor lately – his response was, why would they? They are doing great. (more…)
Understanding Interest Crediting and Indexing
It’s nearly impossible to meet with a financial professional today and not hear about indexing–whether it’s a fixed indexed annuity used to help accumulate money for retirement, or a fixed indexed universal life product that provides valuable death benefit protection for your family or business. Indexed products can play an important role in helping you accumulate money for your future goals with the valuable protection* of not losing any money because of the volatility of the stock markets.
Sound too good to be true? Let’s break it down. (more…)
Executive Benefits for the College Football Season
College football season is upon us! This is a great time of year to be a fan as teams get ready for another season and run for the national championship. And it may be the best time of year to be a Duke fan, because we’re still undefeated! There’s so much to be excited about right now, with players across the country working to get in shape, learn the playbook and get acquainted with new teammates. At the same time coaches are preparing their team and staff for the grueling college football season, but for those coaches the stakes have never been higher. (more…)
What Your Buy Sell Doesn’t Do Can Hurt Everyone
I was talking with a friend of mine the other day – she had called with a concern about her business. She is a co-owner in a retail store that’s been doing really well. She and her business partner get along and see eye to eye on most things. When they started the business together about 5 years ago they took all the right steps and that included setting up a buy sell agreement. That agreement spelled out what would happen if one of the owners died or terminated employment.
So, what was her concern? Her business partner had recently become ill and was having a hard time coming to work every day. They agreed that they needed to hire a part timer to fill in …now it’s six months later and her business partner isn’t showing signs of improvement. (more…)
