FPA Owner Transitions

As business owners make it through the effects of the shutdowns sparked by governmental reactions to the Wuhan coronavirus, the trend toward a phased-in retirement is accelerating. “Most people’s goals have changed” said Chip Munn, author of the book – The Retirement Remix: A Modern Solution to an Old School Problem”. “People have lived through… Continue reading The Shift to a Phased-In Retirement

Markets, Economy, Election, Coronavirus September 9, 2020 Most people tend to focus on what’s happening now or what happened in the recent past (often 30, 60 or 90 days).  It’s easy to lose perspective.  Let’s remember, the S&P 500 Index started 2020 at 3,278 and grew to 3,386 by February 19th.  Then, plummeted to 2,237… Continue reading Perspective: September 2020 Update

Awe-inspiring Stories of American Tinkerpreneurs (Source: Book “Who Built That” by Michelle Malkin published in 2015) “Our most valuable resources, creativity communication, invention and reinvention are, in fact, unlimited”.   - David Grinspoon As part of his radical bid to “fundamentally transform” America, Barack Obama signed the America Invents Act (AIA) in 2011.  The AIA’s primary… Continue reading Who Built That

In his best-selling book “The Seven Habits of Highly Successful People”, Stephen Covey notes that one of the major habits of uniquely successful people is the ability to balance short-term challenges with long-term, intentional strategic thinking.  He summed it up with “begin with the end in mind”. Business owners preparing for their next stage in… Continue reading Critical Thinking: Business Owners and Succession Planning

Business owners tend to procrastinate on planning for future success because they mistakenly believe it isn’t urgent.  Because they are so busy, it’s easy for them to push this planning off to some nebulous future.  This procrastination can be harmful for themselves, their families and their businesses.  The key is for them to meet the… Continue reading Procrastination