How would you feel if you weren’t a customer but rather an owner of your life insurance company? How about if you were an owner of your investment company, rather than just a plain account holder/customer? Imagine a world where the company theoretically cared about the customer because they were owners of the companies. Although…
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There is one aspect of running a business that most business owners often overlook; succession planning. I am often reminded of the vary scary scary fact that, Approximately 90 percent of U.S. businesses are family firms, ranging in size from small “mom-n-pop” businesses to the likes of Walmart, Ford, Mars and Marriott. Family businesses are…
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A lot of people talk about their first “job” and what they learned from it, or starting their first “full fledged” business, but I rarely read online people’s first experience with starting “something” for profit. I am talking more grassroots…the “quasi” business. The idea that you are creating value that someone is going to purchase…
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I recently read two amazing articles on family businesses, and more specifically family business succession planning. Both provided amazing statistics that I felt that I had to share since I know quite a few of my readers are business owners. The take away from both stories that it is simply irresponsible if you have a…
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I recently wrote a post about how I hate listening to people complain about mediocrity when there is so much opportunity out there and in response a fellow personal finance blogger/entrepreneur left a comment about a new side hustle he was starting up. So I asked if he would take my readers through the creation…
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This guest post is by Mr. Broke Professional: the husband in the husband/wife team behind Brokeprofessionals.com. When you tell friends or family that you want to start your own business, you will likely hear one of two responses. Response A: “You can’t do that! You’re too young! You need to keep working for your employer…
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