You cannot do business succession solely by signing forms and writing checks.
Businesses that generate free cash flow survive. Income is, at best, a faint indicator. You retirement plan works the same way.
Starting a business is a process. Get it right and you have a chance.
Wasted money is lost forever.
Owning a business is not the same as owning your job
You can’t make up this sort of stuff.
You cannot remain a hunter forever
Governments and businesses both have bureaucracies
A little back up is good.
The financial service industry is moving towards higher regulatory standards. Best interest, and fiduciary (the higher) among the probabilities. The problem is of course, that no one knows what those mean. The dictionary definitions are clear but meaningless. This one is from the law… Continue Reading “Best-Interest Regulatory Standard Is Flawed”