Stage 2 Planning Partners

Value Creation Blog

Stop Planning Your Life!

In the wealth management world we seem to spend all of our time planning.  We plan for how much money you’ll need.  We plan for how you’re going to send your kids to college.  We even plan for when you can retire.

The problem with all of this planning is that it’s just an idea.  Because we call it a plan you think what we give you is real.  I hate to surprise you it’s not.  A very small change in a return rate can throw your well thought out plan into a tailspin that just might be very difficult to get out of.

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Topics: wealth management, personal growth, budgeting

The First Step In Investing Is Knowing What You Want

investIt’s just about impossible to not know that you should be putting money away.  You might want to save for retirement or you might need to have money put away for your child’s education.  You might even just need a rainy day fund to help you get through if an emergency should happen.

Different goals should have different strategies.

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Topics: investment management, goals, investing

Do You Know What Your Spouses Business Is Worth?

Over the past few weeks I’ve had several spouses visit our site and download reports on selling a business.  I don’t know the reasons why and can only guess it’s because the spouses of business owners are interested in knowing how the business actually fits into their financial security.

Learn about your spouses business.

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Topics: exit planning, selling, business value

What Type Of Person Are You?

One of my favorite books from last year was Give and Take by Adam Grant.  In the book Mr. Grant breaks the world into three groups of people…..givers, takers and matchers.

When I tell people about the three types everyone wants to think of themselves as givers.  In reality most of us are a combination of all three with a tendency towards one trait over the other two.

Most of the world is matchers.
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Topics: relationship, matchers, takers, givers

Where Does Trust Fit Into Change?

Are any of these things happening your life?  You might be getting to retire.  You might be getting ready to sell your business.  Maybe you’re in the middle of a divorce or your might have just lost a loved one.

You get the idea, change is part of life and when change happens you’ll need to have people you trust.  Trust is something you need to take very seriously.  Here are some things you might want to think about as you evaluate who to bring into your circle during a time of change.

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Topics: financial planning, trust, life changes

6 Reason You Need To Delegate

Well, do you?  If not, why not?  Here’s something that you might think about. You don’t delegate because you don’t trust your people.

Before you start saying, “that’s not me” ask yourself whether there might be just a little bit of truth there.  After all, if you delegate and it gets screwed up it could cost you a customer or some real money.

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Topics: business coaching, wealth management, delegation

Small Choices Are Better Than Big Ones

small_decisionsI spend a lot of time helping people make choices about their life.  Sometimes it’s around their business and sometimes it’s what they should do personally.  In both cases if you can keep the choices small it’s much easier to manage.

Stay way from sunk costs.

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Topics: financial planning, decision making, small decisions

Collaboration Starts At Home

collaborationIf you read any management literature you’re going to see how important collaboration is in a successful organization.  I agree, collaboration is important.  At the same time it seems awfully hard to do.  I wonder why that’s true?

I bet you’ve been frustrated when you tried to collaborate with others.  In fact, I bet most of the time if you get to cooperation you’re pretty happy.  There has to be a better way to move from being a lone ranger to working in a collaborative environment.

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Topics: wealth management, trust, collaboration

Is The Customer Really Always Right?

july_1Those who have known me for a long time are scratching their heads right now.  They’re probably asking themselves, “has Patrick lost his mind?”  They can’t believe I’m actually asking this question.

No, I haven’t lost my mind.  I’ve seen too many businesses say yes when they need to say no.  Saying no isn’t just for potential customers; it’s for the customers you serve today.

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Topics: wealth management, Customer Service, creating value

Getting Ready For Retirement, Become A Life Long Learner

blog_june_13OK, I admit it.  I go a little bit overboard on the life long learner thing.  I read over 65 business books a year.  I rarely listen to music in my car and I listen to books instead.  I attend at least four seminars a year where I get to learn new things.  I even listen to tons of podcasts and webinars during the year.

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Topics: retirement planning, retirement, financial planning

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