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Articles to LIFT Your Life and Business

The Top Stressors of Business Ownership and How to Manage Them (Without Freaking Out)

There are many reasons people decide to start their own business: to be your own boss, set your own hours, control the people and projects you work with. Yet the reality of business ownership isn’t quite as rosy—it’s one of the most stressful endeavors you’ll ever undertake. While running your own company will inevitably have […]

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From Billions to Bust: How the Stroh Family Fortune Was Lost

In 1988, Stroh’s Beer was one of America’s most impressive family fortunes, estimated by Forbes to be worth $9 billion in today’s dollars. Just two decades later, however, the massive beer empire, along with all of the family’s wealth, would disappear. Poor business decisions and bad investments were the primary cause of the company’s downfall. […]

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4 Key Elements Of a Small Business Owner’s Estate Plan

If you’ve dreamed of leaving your company to your family but haven’t sufficiently included your business in your estate plan, that dream could become a nightmare for your heirs—and for your business’ team members and clients, too. To ensure your company is passed to your family in exactly the way you desire, you want to […]

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4 Cryptocurrency Risks and Scams and How to Navigate Them — Part 2

Last week, we shared the first part of our series on cryptocurrency risks and scams, and if you haven’t read it yet, you can do so here. In part two, we discuss two more common traps for business owners to be wary of in their digital currency dealings. If you are considering using cryptocurrency as […]

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How Can I Spend Money to Make Money?

Q: How Can I Spend Money to Make Money? -Business Owner A:  Dear Business Owner: Great, and very important question. If you want to increase your top line revenue, you’ll likely need to increase your expenses as well.  Not all expenses are bad. Shift into the question of how can you best invest money to have […]

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4 Cryptocurrency Risks and Scams and How to Navigate Them — Part 1

Cryptocurrency is one of the hottest topics in today’s business sector. The first and most well-known cryptocurrency was Bitcoin. Launched in 2009, Bitcoin went from something only computer geeks and hackers talked about to a global phenomenon that’s transformed how the entire world views money. As of November 2017, a single Bitcoin was worth more […]

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Business Owners May See Potential Windfall From New Tax Bill

UPDATE: The new tax bill has been signed into law, so for information on the bill’s final provisions and how they might affect you, refer to the article posted on 2/9/18. Due to its highly touted “business friendly” nature, the new Republican tax bill—which recently passed both the House and Senate—has been highly anticipated by […]

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For Maximum Success, Make Hardship and Change Your Business Partner

“Everything happens for a reason.” Even if you firmly believe in this quote, it can still be annoying when people say this in the aftermath of a particularly distressing hardship. When the business you worked so hard to build goes into bankruptcy or you find yourself caught in the trap of a huge conflict you […]

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What Financing Options Do I Have When Buying a Business?

Q: What financing options do I have when buying a business? -Future Business Owner A: Dear Business Owner: Owning your own business can be a dream come true. But many people shy away from the idea of purchasing an existing business because they lack the capital to make the purchase. Buying a business may require […]

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The Top 4 Mistakes to Avoid When Selling Your Business

While starting and building a successful business is immensely challenging, selling one can be almost as difficult. Many business owners are surprised by just how time consuming and laborious the sales process is. Fortunately, tons of time and effort can be saved simply by avoiding these four common pitfalls: Insufficient Preparation You certainly wouldn’t plant […]

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Six Steps to Selling Your Business

Selling your business can bring financial rewards. But to get the best price, you need to minimize red flags to potential buyers and maximize the value of the business asset you have created. Before you sell, figure out how to best position yourself within the market and prove that your business is a good investment […]

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