Stage 2 Planning Partners

Value Creation Blog

8 Transition Issues You Just Might Face And What To Do About Them

Here's the truth you'll need to face.  You are going to go through major transitions in your life.  It's not if, it's when.

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Topics: transition planning, transitions

3 Things You Need To Do Before Selling Your Business

3_Things_You_Need_To_Do_Before_Selling_Your_Business.pngFor lots of business owners like you the Holy Grail of having a successful business is being able to sell it to a 3rd party when it becomes time for you to retire. Before you even think about getting ready to sell your business you’re going to have get your business in a position where a buyer is going to want it.

You might think a buyer is going to want your business, warts and all. You might even be able to find someone to buy it. I would be very surprised that if you haven’t fixed these three things you’re going to have a hard time finding a buyer who is interested in your business at a price you want to sell it at.

Start with becoming operationally irrelevant.
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Topics: passive ownership

There's Never Been A More Important Time To Share Your Will

The first question you need to answer is do you have a will?  After all, according to Tom Deans in Willing Wisdom about 50% the people in the US don't even have a will?

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Topics: estate planning, will

A Guide To Setting Up Your Bucket System

Watch this five minute video as Josh Patrick takes you through what he believes is the secret to staying invested......even when you don't want to.

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Topics: investment management

A Short Primer to Help You Stay Invested

The_Bucket_System_-_Stage_2_Planning.pngInvesting can be a tricky business. Too often you put all your money in one place. Then, when the market tanks you get nervous and change your investments around. Often, this is the worst thing that you can do at the time you make your investment changes.

For years we've been working with our clients and what we call the bucket system. I think that it just might help you stay invested when you're inclined to pull your money at the worst possible time.

To learn more read on:

Start with opening three accounts.

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Topics: investment management, Investments, bucket system

6 Questions You Need To Ask Before You Invest

Today we're going to tackle the world of investments and whether you should do it yourself or work with an investment advisor. Watch the video below and if you have thoughts, click here and let me know what you think.

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Topics: investing, Investments, investment manager

Are You Saving Enough

Here's an issue you probably are facing and you may not even know it. There's a very good chance you're not saving enough. Why don't you spend a few minutes watching this video. You'll get some great ideas on what you need to be doing to make sure you do save enough and get to retire on your terms.

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Topics: Saving for retirement

5 Warning Signs Your Financial Plan Isn’t Working

5_Warning_Signs_Your_Financial_Plan_Isnt_Working.pngToo often we go through life thinking that things are going just fine. There are warning signs along the way but we just don't pay attention to them. I'm going to bet that most of you have had this problem at least once in your life.

Here are 5 things I would like you to think about to make sure that your plan doesn't let you down.

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Topics: retirement, savings, spending

Why You Need To Know About A Cash Balance Plan

If you own a business there's a very good chance your business is not going to provide enough money for you to retire.  If you believe this (and if you don't watch the video) then you're going to need to save more outside your business in a tax advantaged manner.

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Topics: qualified plans, cash balance plan, retirement plan

The Glorious and Mysterious Secret of Goal Mapping

The_Glorious_and_Mysterious_Secret_of_Goal_Mapping.png

 

 

Several years ago I met Brian Mayne.  He introduced me to the concept of Goal Mapping.  This is where we take a general goal, something like making your life better and putting specifics in place that help you move towards your desired outcome.

There are four parts of goal mapping.  All four are equally important.  Doing a goal map in a specific order helps improve and speed up the process.  When I start an engagement with a client I always start with a goal map.  When I combine a goal map with our alignment process we get great results. 

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Topics: goals, planning, goal mapping