With: Thomas FeeMost of us have heard that ”it’s not personal, it is business” but when it comes to your personal financial planning it is personal, even when talking about your business. There must be an integration of business, financial and personal goals in order to formulate an effective financial plan for business owners. Mr Fee walks us thru a couple of examples of how you can integrate your life into a successful financial plan that will allow you to reach your goals.
Podcast: Play in new window | Download
This podcast discusses the need for long term planning in order to set financial goals and have as much time as possible to find ways to reach them. As you can imagine, if you have 30 years to save and plan for your retirement it is much easier to achieve those goals than if you only have 5 years to do so. Mr Fee tells us to go forward and look back to help project your needs at certain ages and then look back to see what can be done to provide for them early. His goal is to give you an understanding and confidence around your financial life that most of us have not experienced before.
Podcast: Play in new window | Download
We finally get to the point where we can discuss the actual structure of a portfolio after taking into account the other topics covered with Mr Fee. Long term financial planning, the personal side of the issue, perfect planning with Pension TRAC™, behavioral economics, selling a business and risk tolerance and investing. Tom shows us how to take, risk, tolerance, time factor by category of monies, investment goals, complexity of investment options and diversification into account in building a portfolio.
Podcast: Play in new window | Download
In this podcast, Mr Fee describes to us concepts that we relate to each and every day and we might not even know that we are playing along. This will help you know that we react to markets in ways that have an effect on the Macro economics (economy) and make decisions that relate to our Micro enonomics (client). We may not even know that we process information in the news, from friends and seminars, television and radio that enter into decisions that we make on a daily basis. This knowledge can help us to remain focused on our individual financial plan instead of reacting to the markets which might cause us to unwillingly derail our individual plans.
Podcast: Play in new window | Download
In this podcast, Mr Lyons tells us that this is not a “how to sell your business” book but rather a book that will help a business owner to plan and prepare for the eventual sale of a business. It discusses how to build your team of advisors and how to prepare your business so that you can increase enterprise value and maximize the value of your business, years before actually putting it on the market.
Podcast: Play in new window | Download
In this podcast, Mr Lyons tells us how to use an acquisition as an alternative method to grow your business to speed up the organic growth that we all strive to achieve. The search process involves an industry code, size of business, geographic territory and other tangible and intangible criteria that can improve your ability to locate a suitable acquisition candidate and successfully close a deal.
Podcast: Play in new window | Download
In this podcast, Mr Lyons tells us how to determine the right time to sell and how to go about it. He discusses the team, confidentiality, the sale process and how to get a transaction closed in a manner that minimizes the taxes and results in a deal that is fair to the seller and to the buyer.
Podcast: Play in new window | Download
In this podcast Mr Lyons tells us about the process of planning and preparing for the eventual sale of a business. He discusses the importance of contemplating retirement and the amount of passive income necessary to have a long and fulfilling retirement which will involve financial planning, risk assessment and careful investing with a protection of assets mentality in order to protect your net worth. He also discussed estate planning, preparing the business for sale, the process of selling a business and how to put together a team of advisors to help you along the way. All of this is a brief overview of the process which is formally presented in his book: Exit $trategy: Maximizing The Value of Your Business.Mergers and Acquisitions
Podcast: Play in new window | Download
