Costs matter. Whether you’re buying a car or selecting an investment strategy, the costs you expect to pay are likely to be an important factor in making any major financial decision. People rely on a lot of different information...
It has been twelve months since we weathered that short-lived market turmoil known as Brexit, which immediately followed the United Kingdom’s surprise vote to leave the European Union. Turns out that was the last time stock markets across the...
DETERMINING WHAT IS FAIR In our post entitled, Decision Making in Your Family Business: A Guide for Owners, we shared how requiring consensus in family decision making led to the most positive and unifying results. Our topic this time...
Today's guest post is by Jackie Waters, author of Hyper-Tidy.com. Financial life planning as you build a family can get complicated. You not only have to cover the basics in your day-to-day lives, but you have to look ahead and...
You’ve spent your life building and running a successful business, and now you’re ready to pass it on. You’ve identified your successor – your precious offspring. Great! Now what? There are many steps between here and your end goal...
business continuity, family business, family business successon, next generation, preparing heirs, succession planning
Group decision making is a topic that has spawned many academic studies, books, and white papers. It is never easy to get a group of human beings to make a decision together. It’s hard enough for a single individual...
What to Say and Not to Say When People are Grieving Let’s face it; whenever someone we know has suffered a loss or is going through a difficult time, we all struggle with what to say. Some of us...
Dear Richard, I have enjoyed reading your blog posts over the years. My parents are in the process of transitioning the ownership and management of our family’s business to my brother, sister, and me. All three of us are...
In this New York Times article, Carl Richards confirms an important lesson I learned for myself many years ago: It's fine to spend money on memorable experiences. Earlier in life, I was certain that the wisest and most prudent...
What a difference a year makes! If you have a good long memory, you may recall that the S&P 500 began 2016 with its worst start ever. This time around volatility was much more subdued. Instead of hitting new...