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21 07, 2017

Time Management Techniques to Control Time is a Waste of Time

By |2018-09-30T18:21:52-04:00July 21st, 2017|Quiet Millionaire Wisdoms|0 Comments

My time management is sometimes suspect to others, especially to my wife who is a fantastically fast and efficient multitasker. Me, I'm a focused and tenacious plodder and perfectionist. I enjoy my creativity and spirituality. So, I think and mull a lot and, therefore, appear to be wasting time. In my opinion, time management techniques [...]

23 06, 2017

Five Ways to Create an Enriched Life Beyond Your Business

By |2018-09-30T19:03:49-04:00June 23rd, 2017|Business Owner, Transitional Stages|0 Comments

  As an entrepreneur, your behavior and daily activities should be congruent with your personal core values in order to create and experience an enriched life beyond your business. Moreover, your personal and business goals in life must be specific and conform as well with these core values. Otherwise, you'll feel dissatisfied, never be truly happy, [...]

16 06, 2017

What Does Having an Enriched Life Mean to You?

By |2018-09-30T18:22:57-04:00June 16th, 2017|Business Owner, Transitional Stages|0 Comments

Being rich is having abundant valuable material "things" , such as houses, cars, jewels, etc, which money can buy. Being enriched is having a life that's abundantly meaningful, substantial, and rewarding which money can't buy. Having an enriched life is a noteworthy achievement. It's not only about having lots of money. What does having an [...]

9 06, 2017

How to Overcome Negotiation Fatigue When Selling Your Business

By |2018-09-30T18:23:07-04:00June 9th, 2017|Selling Your Business, Transitional Stages|0 Comments

I can say from first-hand experience that one of the biggest challenges I encountered while negotiating the sale of my business was negotiation fatigue. As an advisor to other baby boomer entrepreneurs, I strongly recommend that they mentally prepare themselves for a long, grueling transaction process and accept that it will be extremely emotional throughout. [...]

2 06, 2017

Three Psychological Roadblocks Preventing Babyboomers From Selling their Business

By |2018-09-30T18:23:15-04:00June 2nd, 2017|Business Owner, Mastermind Group, Transitional Stages|0 Comments

  For the baby boomer business owner, the decision to sell their business due to age causes anguish comparable to being told that they have a terminal disease. The following are three psychological roadblocks why owners don't sell their business. 1. Loss of control and status. After years of "ruling" the business as the "boss", [...]

19 05, 2017

It’s My Way or the Highway- Baby Boomer Entrepreneurs

By |2018-09-30T19:10:46-04:00May 19th, 2017|Business Owner, Transitional Stages|0 Comments

  Baby boomer entrepreneurs who say, "It's my way or the highway." can harm their business growth and value. Here's why differences and disagreements make a business more valuable. Having differences among key employees is generally healthy and constructive. It brings diverse capabilities to discussions, decisions, and the work to be done. In building my business, [...]

12 05, 2017

Five Reasons Why Most Baby Boomer Entrepreneurs Won’t Have a Valuable Business

By |2018-09-30T19:18:38-04:00May 12th, 2017|Business Owner, Transitional Stages|0 Comments

Here are five reasons why most baby boomer entrepreneurs won't have a valuable business: 1. No planning and positioning for the oncoming demographic tsunami. During the next five to ten years, a huge wave of retiring boomer business owners will be overwhelming the merger and acquisition market place. This means that there's going to be [...]

5 05, 2017

Three Ways to Appraise Your Business For the Highest Value

By |2018-09-30T19:26:36-04:00May 5th, 2017|Business Value, Mastermind Group|0 Comments

  Business valuation is a "subjective science" at best, and using the wrong method could deprive you from receiving millions of additional dollars for the rewards of your life's work as a baby boomer entrepreneur. Strategic acquisitions usually produce the highest buyout price because the value is based upon what it's worth in the acquirer's [...]

28 04, 2017

Four Psychological Reasons Why Entrepreneurs Fail to Maximize Business Value

By |2018-09-30T19:32:39-04:00April 28th, 2017|Business Value, Mastermind Group|0 Comments

Most  entrepreneurs will not successfully build sufficient equity value to ensure a lifetime of financial security beyond the business. The following are four psychological reasons why entrepreneurs fail to maximize business value. 1. Denial of mortality Nobody plans to fail, but most people fail to plan. Most especially, nobody wants to plan for dying before dying, and [...]

21 04, 2017

How to Enrich Your Life Beyond the Business

By |2018-09-30T19:39:49-04:00April 21st, 2017|Business Value, Mastermind Group|0 Comments

There's a difference between being rich and being enriched. Being rich is to be abundantly supplied with resources, means, and funds. Being enriched is to add greater value and significance to your life. This means you can be rich, and not be enriched. Or, you can be enriched, and not be rich. Best of all, [...]