Stage 2 Planning Partners

Value Creation Blog

Is Your Business Sale Ready?

No, I’m not saying is your business going to be sold tomorrow.  I’m assuming it’s not.  I’m asking whether your business is sale ready.  Sale ready is when your business could be sold but you’re not interested at this time.

A sale ready business is when you’ve become operationally irrelevant.

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Topics: exit planning, business exit planning, selling

What Is Confirmation Bias and Why Should You Care?

sept_25Economist always wonder why investors aren’t rational about their investments.  They act as if the world is rational and humans make rational decisions.  If you pay any attention to people around you, you know this isn’t true.

One of the most dangerous activities you can do is what’s called confirmation bias.  This means that whatever has happened in the recent past will continue in the future.

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Topics: retirement planning, investment management, confirmation bias

Be Humble, Learn From The Best!

learningI’m lucky.  I’ve had the chance to learn from some of the best minds in the country.  Sometimes I’ve found these people through industry connections, sometimes through classes and sometimes it’s been through books.

How I started my quest.

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Topics: learning experiences, Customer Service, business management

Sometimes Done Isn’t Really Done

tasksI have an internet friend, Chris Lema (yes I know that sounds strange for a 61 year old) who has one of my very favorite sayings.  When he finishes a project he wants it to be be done done.  No, this is not a typo.  He really does mean done done.

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Topics: time management,, life changes, completion

6 Ways Of Dealing With No Cash - Wealth Management in VT

cash_flowsThe worst thing that can ever happen in your business is to run out of cash.  Without cash you can’t play the game anymore.  Your suppliers won’t ship, your employees will quit and your competitors will circle like the vultures they are.

You won’t sleep and your life will become miserable.  Unfortunately, there are times in your business life where you’re going to be short on cash.  It seems to be part of the deal. 

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Topics: trust, cash flow management, business management

Getting Ready To Retire, Think About A New Career - Retirement Planning in VT

Baby boomers seem to be changing the rules of retirement.  It’s no longer work for 40 years for one company, retire with a gold watch and ride off into the sunset.  You probably had at least three employers in your career.  You might even be doing something completely different than what you were taught in school.

As you get ready for retirement, think about what you can do that will keep your mind occupied.  Work doesn’t have to mean drudgery and I’m hoping that as you approach retirement age you aren’t going to be totally dependent on work to have enough money to live.

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Topics: retirement, life changes, career changes

5 Reasons You Want Your Spouse Involved In Your Business - Burlington, VT Financial Adviser

I spend way too much time trying to get my clients to involve their spouses in important decisions.  I then spend way too much time trying to fix planning problems as a result of not involving a spouse in major conversations.

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Topics: decision making, spouse, business management

3 Things Your Creative Teams Need

SeptemberYour probably getting really sick of reading and hearing about how important innovation is in your business.  You might even wish the world will stop for a while and let you get caught up.  It’s all about new, new, new, and more new.  I bet there are times where you just want to breath and say stop…..

Well, I guess you’ve come to the wrong place today.  We’re not going to talk about stop.  Instead, let’s spend a little time about what makes for great innovation.  Innovation comes from creativity and there are three things I want you to consider.

Do you trust those you’re working with?

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Topics: trust, goals, creating value

Financial Advisor in VT: Do You Ask For Help?

august_27The United States is the home of the rugged individualist.  Or is it?

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Topics: advisors, trust, second opinions

Investment Management in VT: Who Should Own Stock In Your Company?

august_24I spend a lot of time talking with business owners about the next generation in their business.  If it happens to be a family business we always get into a conversation about which children should own stock.

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Topics: exit planning, selling, stock

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