Planning & Advisors

Post image for ‘I Don’t Want to Get Lawyers Involved’

This week, I received a frantic call from “Rosie,” who had been referred by a colleague of mine. She plunked down a huge chunk of change (well into the five figures) to buy a day spa from the current owner. The seller told her he wanted to get out of the business because he wanted […]

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Earlier this year, I made a promise to you. More of a confession, a public pledge. I was going to work my risk muscles. Going to get out of my comfort zone. So I went mechanical bull riding. Tried meditative dance. Spoke at a major women’s business conference. Okay, so I wasn’t exactly jumping at […]

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What’s the difference between a Small Business Champion and an attorney? It’s more than just marketing spin. It’s more than just business advising versus paper-pushing. It’s a profound difference in mindset and approach to being of service and running a successful law business. Tune in to my interview on the Legal Marketing Podcast with Michael […]

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Post image for 5 Tips for a Top-Notch Advisory Board

Having a board isn’t enough. Know how to use the members to maximum effect. As you’ll soon find out (if you haven’t already), there’s no way one entrepreneur–you–has all the answers. Or all the skills. Or all of the time to single-handedly get your venture running smoothly. If you want your business to expand, you’ll […]

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Post image for ‘Don’t Try This At Home’–Interview with IP Attorney Amy Goldsmith

“Why can’t I handle my own patent/trademark/copyright filings?” you ask.  “I’m getting started on a shoestring–do I really need to spend the legal fees?” Go right ahead and DIY . . . but if you’re not on target about what you’ve done or how thoroughly you’ve handled your background research, you could find that you’ve […]

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Q.: Can a partnership use a partner’s family term life insurance policy as a business expense, with the intention of using the policy as a way to buy out the spouse’s interest in the business?   Read on to find out . . . .

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Post image for How to Choose an Advisor–Top 5 Questions You Want to Ask

I was sitting with a colleague, Matt Clifford of The Island Financial Group last week, chatting about a range of things: the economy, is the administration’s Stimulus Package truly stimulating (or is it a handout), and how small business owners can protect themselves. Our conversation then moved to “whom can you trust?” With the seemingly […]

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Do you know where you’re going to?  Do you like the things that life is showing you?  Where are you going to?  Do you know? These are important philosophical questions.  They’re also important business questions.  (They’re also lyrics to the theme song from the classic film, Mahogany). If you don’t know when you want to get out […]

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Post image for Diversify, But Keep It Legal

Here are tips to help you avoid multiple headaches from having multiple business lines. Tough times call for creative measures. So it’s no surprise that many of the entrepreneurs I’ve encountered are taking on something new: a new line of business, a new venture, a new alliance, a new target market. Let’s look at a […]

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I was just contacted by a company to explore “partnering” with them.  I don’t know the company very well — they know someone I know, so it’s a 2-degrees-of-separation network.  And while they come recommended, my time is precious.  I need to be v-e-r-y careful about getting into just any ol’ partnering relationship — whether […]

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