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

To learn more, click here

 

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.

To learn more, click here

 

Lugen Family Office Proudly Supports AIP

The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 
 

Millionaires

 
  • Silicon Valley’s best are getting paid like Hollywood stars

    Silicon Valley’s best and brightest are getting seriously paid — often more than Hollywood stars.

     
  •  
  • A self-made millionaire who studied 1,200 wealthy people found they teach their kids something the rest of us don’t

    Chris Jackson/GettyRich people teach their kids to be rich.Wealthy people do things differently than average people.They continually self-educate, they avoid

     
  •  
  • Million-dollar backyards

    Million-dollar backyards   High-end landscape designs can extend a mansion’s living space outdoors and create areas for relaxing, dining and entertaining. 

     
  •  
  • Tycoon Playbook Review

    Tycoon Playbook Review   As a recent IRS report on America’s wealthiest proves, the surest way to becoming rich has always been and still is by building your own business. There are two basic approaches to building a business. One way is to focus on finding the home run product or service to build a single company around. The other way is to focus on accumulating many businesses over time. The first variation requires far more luck considering just how many failures there are relative to successes. The second variation is a simple numbers game based on the reality that once you have a system and team in place for acquisitions, you will have far more winners than losers over the long run.   This second path is often referred to as the PacMan strategy because you use your company to gobble up other companies. It’s the most proven path to billionaire status.   As with most things in life, the basic concept is simple while the devil is in the details. This is where the Playbook truly shines. The three month course reverse engineers the acquisitions strategy employed by tycoons and billionaires who made their fortunes through wheeling and dealing in businesses. Then it breaks down this complex topic into easy to understand and follow action steps. Equally importantly, it also shows you how to avoid the minefields. This is not a course built on dry academic theory.   The creator of the course worked for many years helping entrepreneurs and mini-tycoons to buy and sell businesses. In addition, he has also spent decades studying how they got started in the game and built their empires. As a result, the Playbook is rich in examples of actionable steps taken by tycoons to not only get going but to get it right.   What are the key rewards of the course in my opinion?   First, if you’re thinking that becoming wealthy requires an element of good luck in addition to work and perseverance, you are absolutely correct. The course reveals how you can maximize your luck if we agree that luck is a matter of being in the right place at the right time. It does so by having the second learning module reveal how insiders spot emerging opportunities well before the masses do. The eighth module teaches you how to take a calculated risk by revealing the do-able deal test for acquisition opportunities. Once you have digested these two lessons your ability to do successful acquisitions increases dramatically.   A second reward of the Playbook is in how it takes a complex subject such as acquisition finance, which intimidates most people, breaks it down into its constituent parts, and lists the many options you have available for buying a business. You need not be a mathematical genius to understand how tycoons acquire control of businesses. By the end of the financing section you will feel like an up and coming Kirk Kerkorian.   A third reward in taking […]

     
  •  
  • Business Growth Strategies: Double Your Customer Base Overnight by Peter Ireland

    Entrepreneurs and Small Business Owners Can Use Acquisitions to Double or Triple Their Customer Base Overnight   Oftentimes it’s easier to significantly increase your customer base through the acquisition of competitors than it is with the more commonly used marketing route.  Anyone with at least a modicum of business experience appreciates just how challenging it is for an established business to grow its customer base by 10% per annum if it relies solely on marketing efforts.  On the other hand, the acquisition of a competitor can double, triple, or quadruple your customer base at deal closing.  Business Growth Strategies     What many business owners don’t realize is that it can be cheaper as well faster to go with the acquisitions growth strategy. To illustrate this, let’s take a look at cases where this was capitalized on from the recent past.  Specifically, let’s look at businesses which utilized subscriber revenue models such as cable-TV and Internet service providers.  If you owned a small system in either industry, you were faced with a choice of growth through marketing or acquisitions. Now suppose that you had set as your goal a doubling of your subscriber base in five year’s time. We will assume that this target is extrapolated from your growth rates over the last three years. An analysis of your customer acquisition costs needed to double your sales over three years may show that a marketing based strategy’s costs will exceed those of an acquisition strategy.  Morever, the acquisitions route will achieve your goal by doubling the subscriber base as soon as the deal is finalized.   Are you still not convinced that an acquisitions-base growth strategy is the way to go? Okay, let me throw in another reason to seriously consider this option: lower risk. Yes, if you know your business and industry and decide to buy-out a competitor your risk can be reduced because you are taking control of an asset that you understand and that has passed your due diligence. Imagine for a moment that you own and operate a pizza parlor and are looking for ways to expand. One day a marketing consultant calls on you to pitch a new marketing strategy which he promises will double your sales over three years–but at a substantial cost. The week after you are notified by a friend that your competitor down the street is for sale. Acquisition of this pizza joint would instantly double your revenue. You compare the prices of the two options and discover that they are only about 15% apart.   Which is the lower risk option? In most cases, the acquisition of an add-on profit center for your business. After all, you already know to successfully operate such a business and the lenders will trust you more than someone needing a loan to attempt some unproven growth strategy.   Business Growth via Acquisitions   Back in the 1990s, there was a great deal of M&A activity in the printing industry.  One large printer embarked on […]

     
  •  
  • The Canada Wealth Gap Statistics 2013

    In Canada the top .01% of income earners have an average income of $6 million, and collectively earn 1.5% of our total income. Sounds like a lot until you look at the US, where the top .01% earn an average of $24 million each – which adds up to a 4.5% share of the total. (from Canadian Business, Dec 9, 2013, Editor’s Letter by Duncan Hood)  

     
  •  
  • 46 Percent of global wealth owned by richest 1 percent

     
  •  
  • Hong Kong – Megacities

    Hong Kong – Megacities A peninsula bounded by more than 200 islands – only a handful of them inhabited, Hong Kong is the most densely populated urban region on the planet. In the recent past it has been rocked by economic and financial upheaval. Yet it has come through with some of the most high-tech, counterfeit-proof currency in the world, as well as some of the most complex bank building structures. Hong Kong has more billionaires per capita than anyplace on earth. This episode shows how such a small city accomplished such immense technological feats. The journey begins inside the printing facilities of Hong Kong Printing Limited and follows the currency to the Big 3 banks in Hong Kong, before it is then circulated through the economy.  

     
  •  
 
 
 

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.

Buy Now

 

FAMILY OFFICE OF THE YEAR

Lugen Family Office was recognized as the Family Office of The Year in 2016 in Canada by Wealth and Finance International Magazine

Read Our Article on pp 16-17

 

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.

Check out over 67,000 Complimentary Posts from Enzo Calamo

 

Latest News

 

Lugen Family Office Proudly Supports AIP

The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 

LFO Website Statistics

  • 4,203
  • 12,485
  • 107,765
  • 371,368
  • 5,437,677
  • 17,475,647
  • 22,539
 
 
 
Translate »