Category Archives: Business

What is a Mutual Company?

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.  AlthoughContinue Reading

Business Succession Planning Should be a Priority for Business Owners and Professionals

Business Succession Planning Should be a Priority for Business Owners and Professionals

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 areContinue Reading

My First Experience With Being an Entrepreneur?

My First Experience With Being an Entrepreneur?

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 purchaseContinue Reading

Family Businesses and Succession Statistics

Family Businesses and Succession Statistics

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 aContinue Reading

There’s No Perfect Time to Be Entrepreneurial

There’s No Perfect Time to Be Entrepreneurial

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 employerContinue Reading