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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them
“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo
Center for Family Conversations
The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.
THE TYCOON PLAYBOOK – How Business Empires Are Built
The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.
First off, make sure you know what your customers want.
Disney CEO on the future of the company | Fortune Fortune’s Michal Lev-Ream sits down with Disney CEO Bob Iger to discuss technology and how it changes their business.
The Idea of Family Wealth This topic is absolutely foreign to the middle class, and even many high income earners. I myself have never experienced it;, my education comes directly from speaking with wealthy individuals and observing some of the richest families in history. The Idea of Family Wealth.
From One Elephant to Another by Daryle Doden Do you feel the target on your back? Do you sometimes sense that everyone wants a piece of you? Speaking at a conference for nonprofit development people, I watched a presenter offer instructions on the care and feeding of elephants – mega donors. Much of what he said was accurate and helpful. But I couldn’t shake the feeling that I was a marked man. It’s one thing to be sought because of who you are as a person – one who thinks and collaborates for noble purposes. It’s quite another to be hunted because of what you have, your resources – your tusks. With great privilege comes great responsibility. I get that. I want to meet my family’s needs. I want to be a good steward – no, I want to be an excellent steward…..Most of us want that. The WHAT and WHY are the easy parts. It’s the HOW that conceals all the snakes in the grass. To learn more about the Center for Family Conversations and the new book, Unheritage, click here. WHY YOU SHOULD LISTEN TO DARYLE? Daryle is a lifelong entrepreneur who along with four partners founded Ambassador Steel Corporation in 1974. The founders had a common goal of business success while living out their faith without compromise in the marketplace. When the company sold in 2008, it was the largest independent distributor and fabricator of rebar in the United States with annual revenues surpassing $500 million and a reputation of faith, integrity, and excellence. Daryle was raised in a pastor’s home in northern Indiana. He received a diploma in Sacred Music from Moody Bible Institute where he met his wife Brenda. He continued his education at Bethel College, Mishawaka, Ind., earning a B.A. in Biblical Studies and Musical Performance. Daryle has served on the boards of Cedarville University and Lakewood Park Baptist Church, as well as on the DeKalb County Council. He also served on the alumni board of his alma mater, Moody Bible Institute, and is currently a member of the DeKalb County YMCA and Wagner-Meinert boards. Daryle and Brenda have five children and eight grandchildren with a ninth on the way.
The power of AND | Suzanne West Suzanne is the President and CEO of Imaginea Energy Corp, a private oil company in Calgary. She is a serial entrepreneur in Alberta’s booming oil and gas economy – and is on a mission to change the way we do business. Suzanne’s experiences with the values and practices of Alberta’s oil & gas sector propelled her to make a stand. She has taken incredible risks that demonstrated that business could be done differently, and is now passionate about enabling other companies to follow her lead. She will show us how she has used the concepts of inclusivity, independence, creativity and uncertainty to create an example that can be followed by others, within the energy industry and beyond.
Why Current Profitability Model is Unsustainable By Dr. Bill DeMarco Profitability is the gaining of advantageous returns on investments. When I began my career decades ago, there was some discussion about the role of service to customers, service to employees, and service to the community as a major if not primary purpose for a business’s existence. That was still the era of mutual insurance companies, multi‐generational company employers, and company dominated towns. “Defined benefit” (DB) programs were real and highly valued. The past few decades have seen a shift to fundamentally profit‐driven corporate models. Even mutual insurance companies, originally founded to perform some noble purpose for widows, orphans, and the general public, have almost all migrated to for‐profit models. “Defined benefit” programs have given way to “defined‐contribution”(DC) programs, which derive the funds for “benefits” mostly from stock investments. In Ontario over the past twenty years, pensioners rarely receive pension checks from funded company plans, because companies mostly failed to fund their pensions by taking “contribution holidays” If in surplus; or in the case of solvency deficiency, they were allowed to amortize unfunded liability for up to fifteen years. (Ontario Pension Benefits Act, 1990), Ontario pension law was not significantly different from other North American jurisdictions. Companies that took this course of action hoped to achieve higher market evaluations, stock splits, and other market‐related activities which would generate “money” over time, putting a happy face on quarterly and year‐end numbers. To illustrate this, I once had a major Fortune 500 company client which had a fantastic year‐end in Europe, driven in no small part by the strength of the American dollar vis‐à‐vis the German Deutschmark. Their European executives received large bonuses. In all these cases, irrespective of whether it was pension‐related or not, we have examples of a “fools gold” model of what good performance looks like. Like a drug addiction, these companies over time failed to see what was happening until it was too late. The Fortune 500 company I mentioned, like so many others, was eventually sold off in parts. They all failed to recognize what really counted was truly growing the business through innovative new products, superior customer service, increased sales, constant happy returning customers and more effective operations; for companies with underfunded pension liabilities, this is particularly more important than the risky roll of the dice they too frequently engage in. Governments in both the U.S. and Canada, responsible for overseeing the funding of contractually agreed to pension plans, allowed this, frequently charging an administrative fee for deferring funding company pensions, placing those fees into government operating funds. All of this has led to a domino effect, not unlike families today relying on borrowed money (credit cards, lines of credit, home equity loans, etc.)…it looks good in the beginning until it comes time to pay the bills, or the income line slows down. In the early to mid 1990’s, it seemed to work well for everyone. These diverted pension funds initially […]
Why Starbucks talks to parents in China Starbucks CEO Howard Schultz explains what was behind Starbucks’ turning point’ in China three years ago.
Reflections on Strategic Assets and Organizational Rent Wharton Professor Raffi Amit and Adjunct Professor Paul Schoemaker discuss how their ideas developed for their award-winning paper, “Strategic assets and organizational rent,” published in the Strategic Management Journal in 1993.
Enzo Calamo Is A Best Selling Author
Enzo Calamo is the Best Selling co-author of "How To Create Infinite Returns In Real Estate Using The Secret Asset: How To Recover All Business and Personal Expenses Using The Secret Asset" This is a must read for every affluent investor.
Enzo Calamo Is A Gold Award Curator
Scoop.it describes Enzo Calamo "as a rock star of content curation."
Lugen Family Office is the Most Trusted Online Curator on Legacy Planning, Wealth Management, Financial Literacy, Family Business, Philanthropy, Technology Trends, Healthy Living, and the UHNW.
ALL POSTS ARE CURATED BY ACTUAL EXPERTS!
Check out our 11 Gold Award UHNW Newswires.
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