Freedom

Freedom and the Black Pearl – Bring Me That Horizon!

Posted by on Jul 5, 2017 in Freedom, Personal Freedom | 0 comments

Freedom and the Black Pearl – Bring Me That Horizon!

Over the Independence Day weekend, a celebration of freedom, our family re-watched the first Pirates of the Caribbean movie The Curse of the Black Pearl. Somehow, I forgot that the theme of the movie was freedom and how that touched me in a personal way. This theme of freedom, along with the journey of adventure, discovery and courage is a big factor in the movie’s popularity with viewers. At one point, when they are marooned alone on a small island, Captain Jack Sparrow explains to Elizabeth Swann, “Wherever we want to go, we’ll go. That’s what a ship is, you know. It’s not just a keel and a hull and a deck and sails, that’s what...

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The First Three Steps in Your Family Transition Planning

Posted by on Jan 29, 2014 in Family Business, Freedom, Retirement, Transition Planning | 0 comments

Helping your family business transition to the next phase (or, to use a familiar phrase, preparing for your succession) is a long process.  Transition planning can be a process that is too intensive to contemplate, and so the easiest solution is simply to keep doing what you have been doing, and hope it all works out well in the end. We’ve all heard the definition of doing the same thing over and over and hoping for different results; and of course it applies to transition planning, as well. One of the challenges for small family businesses is that the wording used for “transition” or “succession” can be fairly complex and lofty-sounding.  Things like...

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Take Your Family Business to the Next Level – Personal

Posted by on Dec 19, 2013 in Family Business, Freedom, Personal Freedom | Comments Off on Take Your Family Business to the Next Level – Personal

Take Your Family Business to the Next Level – Personal

Yesterday we talked about building financial freedom by taking your family business to the next level in 2014. Today we will focus on building personal freedom. So what is personal freedom? It means something different to everybody. For some it’s peace, for some it’s love. Perhaps it’s the freedom to do what you want to do, when you want to do it. Maybe it’s creating time for family and friends, for yourself, to read a book, take a walk, work on your business or commune with nature. In setting your goals for personal freedom in the future, your first step is deciding what personal freedom means to you. After the holiday season many of us focus...

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Take Your Family Business to the Next Level – Financial

Posted by on Dec 18, 2013 in Family Business, Financial Freedom, Freedom | Comments Off on Take Your Family Business to the Next Level – Financial

Take Your Family Business to the Next Level – Financial

As a new year approaches my thoughts often turn to how I can take my family business to the next level. Financial issues come to mind as we work on our business and family budgets for the new year. I’m sure that many of you do the same. I don’t know if it’s the turning of the calendar or the fact that, here in the northern hemisphere, the days will soon be getting longer that inspires us to reconsider our goals for the future and look back on where we’ve been. So what do we need to look at in determining where we’ve been and, more importantly, where we are right now? Your family business is likely your largest asset and your primary source...

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Do you only hear from your accountant in April?

Posted by on Nov 20, 2013 in Accounting, Freedom, Tax | 0 comments

Do you only hear from your accountant in April?

Having an accountant – in our opinion! – is more than simply checking the various financial boxes.  You want someone who knows you and your business, and is able to put everything together into one cohesive story. If you only hear from your accountant in April (or a month or so before), to prepare your tax return, then it’s possible you (or they) may be missing a few things. The best accountants see their connection with their clients as a relationship that goes beyond paying a fee and receiving a few pieces of paper. Here are a few things you want to make sure your accountant is doing for you – whether it’s us, or someone else: Talks to...

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The Generation Gap: Understanding the differences and what it means for your family business

Posted by on Sep 12, 2013 in Family Business, Freedom, Transition Planning | 0 comments

“Hey Dad – thought you’d like to see the Facebook page I’ve set up for the business!” “Facebook! I thought I told you that I didn’t want to know about that social media rubbish. The business has survived fine without it in the past and will continue to do so in the future.” “But Dad…” “And as for that Twittering your sister was going on about, it’s just silly nonsense for kids. What the heck could it possibly have that’s useful to the business?” Had or heard a conversation like this lately? This may be an example, but it’s a very real one.  In our example, once ‘Dad’ calmed down and was a little more open to suggestion, his...

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