Stage 2 Planning Partners

Value Creation Blog

Kill Corporate Welfare Now!

soap-boxIt’s time for another one of my rants. As with all of them this is my opinion and does not reflect the opinion of my broker dealer NFP Securities or anyone else in my firm. Whew, that’s out of the way, now on to the rant.

Kill Corporate welfare first

Continue Reading

Topics: asking why, people who care, Change

5 Reasons You Need A Family Constitution

rule-bookI keep reading about the twenties being a lost decade. I think this is a mistake both for parents and children. I’ve seen that often this lost decade comes as a result of not having clear expectations within the family. Here are some things you might want to consider:

The twenties are not a time for putting your life on hold.

Continue Reading

Topics: cultural change, family, effective communication

Do You Know What Your Business Is Worth? – Exit Planning

business_valueI would be willing to bet the answer is no. You might think you know what your business is worth. You might even have done a formal valuation to find out what your business is worth. Knowing what your business is worth is both complicated and easy at the same time.

Continue Reading

Topics: value creation, exit planning, stage 3,

4 Reasons You Need Goals – Wealth Management

goals-1I’ll admit that I’m not a big fan of goal setting. I don’t like to do it and I don’t like to monitor them. At the same time I know that if I don’t set goals I’ll just chase my tail and get nothing useful done.

Does this sound familiar to you? You know you should set goals, you’ve been taught that without goals you don’t know where you’re going, and yet, you just never seem to get around to setting them.

Continue Reading

Topics: mission vision values and goals, financial planning, wealth management, roles, asking why, stage 3,, stage 2,

6 Ways To Save For Retirement

retireSomeday you might want to retire. If you’re like most people you probably haven’t saved enough. If you own a business I can almost guarantee you haven’t. That’s because you think your business will provide more money than it really will.

If you work as an employee for someone you might not have done a plan that allows you to see how much you should save. I’m hoping that you’re under 35 years old and reading this post. If you are, it’ll be easy for you to save. If you’re not it gets much more difficult.

Continue Reading

Topics: people in transition, retirement planning, 401 (k) plans, financial planning, wealth management, stage 3,, stage 2,

Do You Manage Your Workers' Compensation? – Creating Value

workers-compOne of the largest costs you have in your company is workers' compensation. It’s also one of the more arcane insurances that you buy.

Managing workers' compensation can save you thousands if not tens of thousands of dollars per year. Knowing a few tricks can help you manage this cost.

Continue Reading

Topics: business coaching, for business owners, financial planning, wealth management, stage 3,, stage 2,

It’s Too Bad We Don’t Recognize People Until They Die!

InMemoriamI was recently at a meeting where it was opened with a picture of a person who had been instrumental in the success of the company. The CEO of the company started singing the praises of this person. Unfortunately, the person the CEO was talking about was dead. He never got a chance to hear how important he was to the company.

Continue Reading

Topics: communication, financial planning, wealth management, communication skills, estate planning, stage 3,, stage 2,

What Is Grantor’s Remorse And Why Should You Care - Wealth Management

giftIf you own a business you’ve probably heard about seller’s remorse. That’s when a business owner sells their business and very soon afterwards is sorry they ever did the deal. This is a real issue in the world of business planning.

There’s another type of remorse I often run across. It’s called grantor’s remorse. That’s when someone irrevocably gives something away to a family member and then comes to be sorry that they gave the gift.

Continue Reading

Topics: wealth management, Children, family, estate planning

What I’ve Learned About Profits First

profits_before_growthI’ve written a bunch of blog posts about why profits are more important than growth. It’s funny how the people who respond negatively to these posts are advisors or people who used to be in business. Business owners who have successful companies seem to get this principle.

If you own a business you’ve been down this road.

Continue Reading

Topics: profitability, for business owners

Financial Planning Is About Direction - Retirement Planning

financial_planning-1I’m always amused at financial planning meetings when the subject turns to financial planning software. More often than not, the more complicated software gets higher grades from planners than simple software. Many planners actually believe the plans they product are accurate. After all, isn’t that what you pay us for?

Think about working with your doctor.

Continue Reading

Topics: retirement planning, asset management, financial planning, wealth management, Change

Subscribe to Our Blog

Subscribe to Our Blog