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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“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

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Center for Family Conversations

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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.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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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.

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CNN Financial News

China tops U.S. at the box office for first timeMove over Hollywood! There's a new star stealing the spotlight -- China has beat the U.S. for t [...]

529 plans may soon cover more college expensesThe rules governing 529 college savings plans may soon become more flexible. [...]

#TheDress: 73 million page viewsLast week the Internet was mesmerized by the color scheme of #TheDress. On Monday, Tumblr reported j [...]

A bank is offering scented credit cards to Middle Eastern womenIf the smell of money isn't alluring enough, an Abu Dhabi bank is marketing scented credit card [...]

$2 gas is gone -- for nowGone are the days of $2 gas -- at least for now. Prices at the pump have climbed steadily for five w [...]

'Judge Judy' extends contract with CBS until 2020"Judge Judy" will be holding court for a few more years, thanks to a new deal from CBS. [...]

9 companies Warren Buffett should consider buyingRead full story for latest details. [...]

11 stocks hedge funds and mutual funds love nowEver wondered what the "smart money" on Wall Street is betting on these days? [...]

'House of Cards': Why Frank Underwood's economic plan is crazySpoiler alert: Frank Underwood's economic policy in "House of Cards" is crazy. [...]

Google is becoming a wireless carrierSoon, you will be able to buy a smartphone not through Verizon, AT&T, Sprint or T-Mobile -- but [...]

PCs are dead. So says Wall Street. Again.Read full story for latest details. [...]

CEOs make double what NBA players do"Hey man, how much money do you make?" [...]

 

CNN Small Business News

Obsolete jobs: Meet the guy who fixes Tom Hanks' typewriterSelf-described 'Last of the Mohicans' is still fixing typewriters after 55 years. [...]

#TheDress goes viral: Sales soar 347%Read full story for latest details. [...]

They're getting cash, free products, and YouTube-famousFameBit is helping brands place their products in YouTube videos. [...]

The woman who broke into the BBQ 'boys club'Melissa Cookston is a BBQ Pit Master Champion who runs three restaurants. Here's how she did it [...]

From street child in China to Intel mentorRead full story for latest details. [...]

It's Magic! Send a text, get anything you needRead full story for latest details. [...]

15 startups. One Silicon Valley bed and breakfast.Blackbox, a two-week Palo Alto accelerator, gives foreign entrepreneurs a soft landing to enter the [...]

Immigration reform: Is this the first step?Read full story for latest details. [...]

This razor could diversify Silicon ValleySilicon Valley entrepreneur Tristan Walker is in pursuit of a more colorful tech scene. [...]

How to make money with $1 slicesRead full story for latest details. [...]

Cadbury lovers: Here's how to get your U.S. fixUK-based British Chocolate Club wants to give U.S. chocolate lovers access to British-made faves. [...]

Best cities for black entrepreneursRead full story for latest details. [...]

 

CNN Money News

529 plans may soon cover more college expensesLast week, the House of Representatives passed a bill that would expand benefits offered by the coll [...]

Michael Jordan joins billionaires' clubRead full story for latest details. [...]

The secret world of government debt collectionCNNMoney's exclusive investigation looks at the debt collectors hired by government agencies to [...]

Identity theft tops list of consumer complaintsRead full story for latest details. [...]

'Corinthian 15' launch 'debt strike' over student loansA handful of former students, banded together as the "Corinthian 15," are claiming to be [...]

CEOs make double what NBA players doAfrican-American actor Hill Harper is telling kids if you want to get rich, start saving now and aim [...]

24 hours with a U.S. diplomatCharlie Slater has spent the last 21 years working in U.S. embassies worldwide. His latest post is V [...]

10 best companies for internshipsGlassdoor recently published its annual list of the highest-rated companies for interns. [...]

Average tax refund is $3,120 so farRead full story for latest details. [...]

8 tax audit red flagsRead full story for latest details. [...]

The world wastes $400 billion in food every yearOver $400 billion worth of food is wasted by consumers each year, according to a new report by a U.K [...]

Should you tap your Social Security benefits early?Read full story for latest details. [...]

 

Fortune Magazine

Will Mmmhops be a hit?Hanson is attempting to chart with a new microbrew. [...]

NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve BallmerDonald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]

FBI and SEC probe into Carl Icahn and golfer Phil MickelsonAuthorities are looking into the potenial insider trading. [...]

Google launches "right to be forgotten" service in EuropeNow European citizens can request to have search results removed. [...]

Zuckerberg's latest donation reawakens concerns over mixed results in NewarkFacebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]

Five crazy things Steve Ballmer has doneIn light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]

Four ways Apple could have the "best" product pipeline everFrom the obvious upgrades to the bold and daring. [...]

The all-time most popular stories are...Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]

Web browsers aren't fun anymoreMozilla updates Firefox, but is it enough to bring old users back? [...]

Valeant injects more cash into bid for Botox-maker AllerganRevised offer worth around $53 billion comes days after drugmaker's last bid. [...]

How to get employees to save for retirementAutomatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]

Pacing nervously with... Jamin Warren, founder and CEO, Kill ScreenHanging backstage with the videogame arts and culture impresario ahead of his annual two5six confere [...]

 

Reuters Business News

(Reuters) - United Airlines has no immediate interest in purchasing 777X aircraft from Boeing Co but [...]

TOKYO (Reuters) - Most Asian stock markets edged higher on Tuesday, bolstered by another record day [...]

SAN FRANCISCO (Reuters) - Onetime highflying tech executive Ray Lane testified on Monday during a se [...]

SAN FRANCISCO (Reuters) - A U.S. judge on Monday seemed satisfied with a proposed $415 million settl [...]

WASHINGTON (Reuters) - U.S. consumer spending fell for a second straight month in January as househo [...]

NEW YORK (Reuters) - The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 [...]

NEW YORK (Reuters) - IBM Corp was sued on Monday by a shareholder that said it committed securities [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]

NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]

 

Reuters Business Video

The first trading session of March kicks off with the Nasdaq finishing above the 5,000 mark and the [...]

Latest data is 'two steps forward, one step back' - the ongoing pattern for the U.S. econo [...]

The wireless industry's annual conference gets underway in Barcelona with 85,000 executives tak [...]

 
 

Post Tagged with: "Entrepreneur"

 
  • Think, Live, Be Positive Aggressive | Phil Soran

    Think, Live, Be Positive Aggressive | Phil Soran   Phil Soran, a serial entrepreneur, shares his secret for going B to B (Basement to Billions) in his TEDxFargo talk. Phil started two successful technology companies in his Minnesota basement and attributes the success to creating a special company culture called Positive Aggressive. Through humor, stories, and concrete examples, Phil challenges the audience live with more intention by creating a Positive Aggressive Lifestyle.   Phil Soran is a serial entrepreneur in the technology field, founding companies that have generated thousands of jobs. Most recently, Phil was the founder, President and CEO of Compellent Technologies which started in 2002.

     
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  • Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time     Gutsiest Entrepreneur Launch #5: Dana White Saves the UFC White agreed and put his business on the line. The show became a huge success which ended with Forrest Griffin and Stephan Bonnar fighting for a six-figure contract. White credits the show for saving the UFC and continued airing new seasons of The Ultimate Fighter to expand the awareness and popularity of his company.   Gutsiest Entrepreneur Launch #4 – Philip Knight signs Michael Jordan:   The Air Jordan became the most valuable footwear franchise in Nike’s history. It was so popular that launch dates had to be postponed to weekends so kids wouldn’t be tempted to skip school to get their hands on the latest Air Jordan. The move took Nike from being a running shoe company with no exposure to the basketball market to now owning as much as 85% of the basketball shoe market.   Gutsiest Entrepreneur Launch #3: Bill Gates Pitches a Product that Doesn’t Exist     Bill Gates and long time friend Paul Allen turned their passion for programming into a business when they saw a picture of the Altair 8080 on the cover of Popular Electronics. Gates called Micro Instrumentation and Telemetry Systems (MITS), the company that was manufacturing the Altair, and told them that he and Allen had developed a programming language for the computer that was ready to launch.   With not a single line of code written and no Altair to work on, Gates and Allen worked around the clock on Harvard computers to do what they said they had already done. Eight weeks later, Allen flew to MITS headquarters in New Mexico to present their code. Without even a test-run, their program was a success and MITS bought the rights, making it an industry standard. Within one year, Gates had dropped out of Harvard and the two high school friends established Microsoft Corporation.   Gutsiest Entrepreneur Launch #2: Richard Branson Drives a Tank into Times Square   To launch Virgin Cola he rode into Times Square in New York City on top of a tank, promising to battle with Coke and Pepsi. To launch Virgin Mobile in Canada he repelled into the heart of Yonge-Dundas square. Branson has also made several world record-breaking attempts. With “Virgin Atlantic Challenger” and “Virgin Atlantic Challenger II” he raced to have the fastest Atlantic Ocean crossing. In “Virgin Atlantic Flyer” he created the world’s largest hot air balloon and was the first to cross the Atlantic in a balloon. He then tried to become the first person to go around the world in a hot air balloon.   Branson is always thinking of new ways to launch and promote his businesses – the more high profile, the better. Even when his stunts don’t work out they garner so much attention for his businesses that it’s all worth it for him.   Gutsiest Entrepreneur Launch #1: P.T. Barnum Puts on a Show   Even […]

     
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  • Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur)

    Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur)

    Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur) by Evan Carmichael     Today we’re going to look at how a gym manager mortgaged her house to start a business because she saw a need, moved to Australia, and later sold her business for $600 million. This is the story of Jenny Craig and the top three lessons you can learn from her success.   Action Item #1: Promote, Promote, Promote!   Building a better mousetrap is not enough anymore to get a company off the ground. You need to aggressively promote your business to make sure your customers know that you exist. From advertising and public relations to search engine optimization and social media marketing, you have many opportunities to spread the word about your company and you should never take your foot off the gas!   In the company’s early years, Craig made sure that exactly ten percent of sales was directed back into commercial advertising each and every year. Individual franchises were also expected to spend ten percent of sales, or at least $1,000 a week, on local advertising for their own centres.   They used traditional advertising on television programs, leveraged celebrity endorsements, and created direct mail campaigns. But they also tried many offbeat approaches. As one example, Sid got the company a lot of publicity during one televised international cricket match, where cameras picked up on a sign in the crowd directed at the captain of the English team that read: “See Jenny Craig. Quick.”   Action Item #2: Offer Products and Services   I believe the best way to build a business is to start a service – it’s low cost and gets you close to your customers. Your chances of survival are much higher and you learn what future services and products your clients need. Once you’ve established a base of customers and know exactly what’s missing in the marketplace, you can create your products. You’ve got cashflow from your service business to keep the company running and you’ve got a loyal group of clients who are ready to buy!   Jenny Craig had the same philosophy. Her business started with Jenny Craig centres where they would help clients establish a workout program, offer nutritional guidance, and also give motivational services. Her business grew every year as she added more centres and people to her team. It was a very successful service based business.   Jenny Craig’s big break came when she started offering prepared food products as a part of her offering. She brought on board a highly qualified staff of dieticians, psychologists, and physicians to help her create a menu that was healthy and nutritional. In doing so, Jenny’s Cuisine became a central component to her program. All of her clients were required to purchase these portion and calorie controlled foods, which included over sixty different breakfast, lunch, dinner, dessert and snack options. Jenny’s Cuisine proved so popular that the company’s gross revenues from food sales increased […]

     
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  • Business Ideas – 3 Lessons from George Foreman

    Business Ideas – 3 Lessons from George Foreman

    Business Ideas – 3 Lessons from George Foreman by Evan Carmichael     Today we’re going to look at how a high school dropout who was constantly in trouble with the law turned his life around and started to believe him himself. He would go on to become two-time former World Heavyweight Boxing Champion and multimillionaire entrepreneur. This is the story of boxing great George Foreman and the top 3 lessons that you can learn from his success.   “Learn to sell and you’ll never starve.”- George Foreman   George “Big George” Foreman (born January 10, 1949) is an Olympic gold medalist, two-time former World Heavyweight Boxing Champion, and entrepreneur. A high school dropout, as a teenager, Foreman didn’t know how to read or write. He took to the streets and got into trouble by picking pockets and mugging people. His sister told him “You’ll never be anything.”   After finding himself on the run from the police one night and digging himself in a pile of mud to avoid their dogs finding him, Foreman decided he had to change his life. He enrolled in a job skills training program for youth and began learning how to read and write. He later also learned how to box and entered into amateur competitions so he could send $50 home to his mother every month. After a year and a half of learning to box he entered into the Olympic Games and won the gold medal. He went on to win the World Heavyweight Boxing Championship twice.   After twice retiring from professional boxing, Foreman became an entrepreneur and toured the world selling George Foreman Grills. In 2002 alone, the company earned $922 million from selling the grills. Foreman would go on to earn 3 times more money from the grills than throughout his entire career as a boxer. He has also moved on to selling TV shows, clothing, books, and Indy Car racing teams.   Action Item #1: Learn How to Sell Action Item #2: Get People to Like You Action Item #3: Keep Trying Until it Works     It’s rare that entrepreneurs make it big off their first idea. And even if they do, the idea has changed many times from what they thought they were going to create. Failing is a part of business. The key is to get started. Too many people don’t start because they’re afraid of failing. You will know failure – keep going. Fail smarter the next time and eventually success will be yours.   Foreman isn’t afraid of failing in business. He’s done everything from specialty shoes made for diabetics to a health-food restaurant chain to a reality television series. He’s willing to try almost anything if he thinks it might be a good opportunity and it’s something he believes in. As long as the business is something he can feel proud of and won’t damage his integrity, Foreman is willing to stretch his brand to almost anything. You never know until you […]

     
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  • Business Ideas – 3 Lessons From Brett Wilson

    Business Ideas – 3 Lessons From Brett Wilson

    Business Ideas – 3 Lessons From Brett Wilson by Evan Carmichael     Today we’re going to look at how an engineer discovered how his field was not for him and that business was more of his passion so he went back to school to get his MBA and focus on the business world. This man would go on to become one of the richest businessmen in Canada and is also well-known for his generosity. This is the story of Canadian entrepreneur Brett Wilson and the top 3 lessons that you can learn from his success.   “Innovative thinkers are constantly asking the question: How can we make things better? No matter what stage you’re at in your career or what industry you work in, everyone around you can benefit from new ideas. Don’t be afraid to think outside of the box – just because something works doesn’t mean it can’t be better.” – Brett Wilson   Brett Wilson (born July 1, 1957), a Canadian engineer, businessman and television personality is best known for his appearances on CBC’s Dragon’s Den. After growing up in a middle class family, his father a car salesman and mother a social worker, Wilson went off to college to study engineering. He would get his bachelor’s degree in engineering and go to work for one of the oil companies in Western Canada. However, after a few years of working as an engineer, he discovered that he wanted to do something else – business.   After going back to school to get his MBA, Wilson would join nine other friends to start an investment club. They each put in $200 and invested in the stock market. They would soon each get back $221, but more importantly, understand how the stock market worked, how commissions worked, how to buy and sell stocks, as well as learn to research and watch market trends. It wasn’t much money, but this small investment club got Wilson moving and drove him to wanting to do more in the business world. He would go on to work for an investment bank, but his entrepreneurial spirit was still not satisfied. He would bide his time, network, make contacts and learn everything he could, so one day he could start his own business.   Finally, he would create his own investment advisory firm and later team up with three partners to create a brokerage firm, FirstEnergy Capital, that would offer investment services to the oil and gas industry. Today, FirstEnergy Capital has handled more than $150 billion worth of mergers, acquisitions and asset sales. Wilson has been named one of the top 20 deal makers in Canada and one of the top 10 mergers and acquisitions specialists in Canada.  

     
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  • Business Ideas – 3 Business Lessons From Pierre Omidyar

    Business Ideas – 3 Business Lessons From Pierre Omidyar

    Business Ideas – 3 Business Lessons From Pierre Omidyar by Evan Carmichael     Today we’re going to look at how an entrepreneur followed his passion for computers and in one weekend created the code for a new website that would go on to become one of the most well known sites in the world. This is the story of eBay founder Pierre Omidyar and the top 3 lessons that you can learn from his success.   “It is not really work if you are having fun…that was the case with me.” – Pierre Omidyar   Pierre Omidyar (born June 21, 1967) is an American entrepreneur and philanthropist/economist, and the founder/chairman of eBay. Growing up he became fascinated with computers and often skipped gym glass in school to play on their computers. After graduating high school and university, he went to work for an Apple subsidiary to develop software for the Macintosh. Omidyar soon felt the entrepreneur itch and wanted to start his own business.   When Omidyar was 28 years old, he stayed in front of his computer for the entire Labour Day long weekend and wrote the original code for eBay. Originally called “Auction Web”, Omidyar wanted to change the name to echobay and drove to Sacramento to register the name. When he arrived, he found echobay was already registered so he decided to go with eBay on the spot instead of having to make a return trip.   Today, eBay has revenues of over $9 billion and Omidyar serves as its Chairman. He has an estimated net worth of $6.7 billion making him the 50th richest person in the world and it all began with one long weekend writing code and launching a new website.   Action Item #1: Just Go For It Action Item #2: Follow Your Passion Action Item #3: Be Nice     True Story   eBay was originally hosted on a website that Omidyar had created with information about the ebola virus. The site originally allowed buyers and sellers to connect for free but as the site grew, he had to charge a small fee. Omidyar hoped that the transaction fees would eventually be enough to cover his website hosting costs.   Quotes   “You should pursue your passion. If you’re passionate about something and you work hard, then I think you will be successful.”   “You have to really believe in what you’re doing, be passionate enough about it so that you will put in the hours and hard work that it takes to actually succeed there, and then you’ll be successful.”   “I was raised with the notion that you can do pretty much do anything you want. I always kind of just went ahead and tried things.”  

     
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  • Business Ideas: My Favorite 7 Boldest Entrepreneur Moves of All Time

    Business Ideas: My Favorite 7 Boldest Entrepreneur Moves of All Time

    Business Ideas: My Favorite 7 Boldest Entrepreneur Moves of All Time by Evan Carmichael     Bold Move #1: Walt Disney Does The Impossible   According to Disney: “Somehow I can’t believe there are any heights that can’t be scaled by a man who knows the secret of making dreams come true. This special secret, it seems to me, can be summarized in four C’s. They are Curiosity, Confidence, Courage, and Constancy and the greatest of these is Confidence.”   Bold Move #2: Guy Laliberté Risks It All In Los Angeles   According to Laliberté: “It was live or die in L.A. And we bet everything on one night. By the end of the show we had standing ovations. The day after, tickets were selling like crazy. I bet everything on that one night. If we failed, there was no cash for gas to come home.”   Bold Move #3: A.P. Giannini Bets On The Little Guy   When a massive earthquake hit San Francisco in 1906, all the banks in the city closed down to assess their damage. People couldn’t get access to their funds at the time they needed it the most. The earthquake demolished Giannini’s bank but he opened up shop by setting up a desk using two barrels and a plank of wood across them. He would lend money to people based on a handshake to help them rebuild their lives. He also went on to fund entrepreneurs like Walt Disney who nobody believed in and projects like the Golden Gate Bridge that were considered too crazy to invest in.   Bold Move #4: Anita Roddick Is Forced To Survive   According to Roddick: “For myself, I needed to earn money, to look after the kids while my husband was traveling for two years across South America… I started The Body Shop in 1976 simply to create a livelihood for myself and my two daughters, while my husband, Gordon, was trekking across the Americas. I had no training or experience and my only business acumen was Gordon’s advice to take sales of £300 a week. Nobody talks of entrepreneurship as survival, but that’s exactly what it is and what nurtures creative thinking.”   Bold Move #5: George Lucas Challenges Traditional Business Models   According to Lucas: “My first six years in the business were hopeless. There are a lot of times when you sit and you say ‘Why am I doing this? I’ll never make it. It’s just not going to happen. I should go out and get a real job and try to survive’. I thought Star Wars was too wacky for the general public. Right or wrong this is my movie, this is my decision, and this is my creative vision, and if people don’t like it, they don’t have to see it.”   Bold Move #6: Ted Turner Decides To Be Successful   According to Turner: “All my life people have said that I wasn’t going to make it… I’ve never run into […]

     
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  • The Mayfair Set episode 2 – Entrepreneur Spelt – Lugen Family Office

    The Mayfair Set episode 2 – Entrepreneur Spelt – Lugen Family Office

    The Mayfair Set episode 2 – Entrepreneur Spelt S.P.I.V – Lugen Family Office    

     
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  • Business Coach Dan Sullivan asks, “How do you get your confidence?”

     
  • Entrepreneur coach Dan Sullivan discusses willpower: Do you have the will to succeed?

     
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  • What do family businesses need to do to continue to be successful?

     
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The legendary fund manager says sub-zero yields are pushing investors to ever-riskier assets, writes [...]

More new billionaires on Forbes magazine list hail from China than from the U.S. [...]

How do you deal with a freeloading friend in your carpool? Moneyologist Quentin Fottrell has the ans [...]

Here’s the scoop on this nasty little piece of the tax code. [...]

Even if you have a full-time job, you could be taking deductions related to your investment activity [...]

 
 
 
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