Posted on March 23, 2008 by stage2
I just finished doing some writing for Susan Bradley’s new book on Sudden Money. I’m contributing some information on sudden money experiences for private business owners. These sudden money experiences would also be known as exiting the business.
While I was writing about the four ways you can leave your business (selling to an outsider, selling [...]
Filed under: Exit Strategies, For Business Advisors, Wealth Management | Tagged: clarity issues, exit planning strategies, leaving your business, sudden money | Leave a Comment »
Posted on March 19, 2008 by stage2
I’m in the process of evaluating the fee structure in our firm again.
I keep thinking about the value we provide for our Clients and who gets to decide what our value is worth. We have a fee structure that we use, but it’s our fee structure. It has very little that is related to the [...]
Filed under: Compensation, Ethics, For Business Advisors, Value Creation | Tagged: Fees, setting fees, value perceptions | Leave a Comment »
Posted on March 15, 2008 by stage2
I’ve been thinking about the value of the services that we provide our Customers, especially from their point of view. It seems to me that we often don’t do a good job of communicating what our value proposition is or we don’t do a good job of matching our value proposition with those of [...]
Filed under: For Business Advisors, Marketing | Tagged: Financial DNA, trust, trusted advisor, value, value proposition | Leave a Comment »
Posted on March 9, 2008 by stage2
During my last post I was talking about study groups and how they can be used as a platform for developing a captive insurance strategy. While writing the entry I also thought about some of the other benefits that come from participating in a peer to peer group.
The first and foremost advantage of participating [...]
Filed under: For Business Advisors, For Business Owners, Value Creation | Tagged: honest feedback from employees, mastermind groups, peer to peer groups, study groups, Vistage | 1 Comment »
Posted on March 8, 2008 by stage2
One of the important things to consider when forming a captive insurance company is how the captive will deal with risk sharing that is required as a pre-condition for getting tax deductions for premium payments to the captive as an ordinary business expense. One of the safe harbors for achieving the pre-condition is to have [...]
Filed under: Exit Strategies, For Business Advisors, For Business Owners, Risk Management, Value Creation | Tagged: Captive Insurance, cohort companies, Risk Management, risk sharing, study groups | 4 Comments »
Posted on March 5, 2008 by stage2
I’m often asked what is the profile of a business who should consider a captive insurance subsidiary?
The following facts should be in place before you consider doing a captive:
Your business makes more than $700,000 per year in annual profits on a consistent basis.
Your business does more than $15,000,000 in annual sales.
You can identify insurable risks [...]
Filed under: Financial Planning, For Business Owners, Risk Management, Value Creation, Wealth Management | Tagged: asset protection, Business Succession Strategies, Captive Insurance, Captive Insurance Strategies, Risk Management, Wealth Transfer Planning | 1 Comment »
