Subscribe to LFO' s Blog
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.
Post Tagged with: "Small business"
Small Business vs Entrepreneurship vs Capitalism If you are trying to get a handle on The Tycoon Playbook as some still are, I think this may help. Think of the business world as having three separate rungs. At the bottom you have the small business rung. The consensus definition of small business is that it’s primarily about having a steady pay-check for oneself with a little extra left over, hopefully, for the Golden Years. As a result, typical small business owners are concerned with playing it safe, taking as few risks as possible, and basically maintaining the status quo. Once a small business owner has reached a certain level of income their focus shifts to merely maintaining it rather than increasing it. Many small businesses can be found along the proverbial “Main Street.” On the next rung up is entrepreneurship. Entrepreneurship is an entirely different game. It’s about marshaling resources and taking calculated risks to create something new that will hopefully reward the founders with substantial wealth. Entrepreneurship has no allegiance to the status quo. Rather it’s about starting from scratch and disrupting the marketplace. Most entrepreneurial ventures will be found in emerging industries and fast growth markets. A few years ago I found myself in a heated exchange with a college business professor who was claiming that there is no difference between small business and entrepreneurship. I was flabbergasted by his inability to see the obvious differences. The highest and most lucrative rung is capitalism. Capitalism is simple to grasp if you think of it this way. It’s about using capital to acquire more capital. To make the concept as simple and clear as possible, it’s about starting with a single cashflow, in most cases, and then using it to keep acquiring more cashflows until the clock runs out. If you study how billionaires have made their fortunes over the past 200 or so years starting with the first tycoon, Commodore Cornelius Vanderbilt, you will see that wheeling and dealing in assets is the most proven route to great wealth. Most people today don’t understand this because for the past 15 years the media has been obsessed with the Internet and technology wunderkind. This narrow focus has led the masses to conclude that the Internet is the only road to wealth creation. However, for every online success story you hear about there are hundreds of failures, and I am only counting the teams which had a shot a success. I am excluding all the one-person blogs and sites that comprise 99.9999% of the 250 million domains registered as of December 2012. To put it bluntly, there’s just too much competition online today. All of the low-hanging fruit that could be picked by the little guy or gal was gone ten years ago. Today you need a high quality team and financial backing to go after any online opportunity still worth pursuing. Another serious problem with doing business exclusively online is the culture. No one under […]
Part 1: Daniel Isenberg On The Value Of Contrarian Entrepreneurs Babson Global professor and author of ‘Worthless, Impossible, and Stupid’ discusses super chickens, mud-runs, and innovative education models in Part 1 of a 2 part conversation with Steve Forbes. Part 2: Behind Every Great Entrepreneur Is A Great Entrepreneur Daniel Isenberg, author of “Worthless, Impossible, and Stupid,” talks to Steve Forbes about entrepreneurial failures, successful micro-enterprises in Rwanda, and why startups must think globally in order to truly endure. Part 2 of 2.
daily-infographic: Contributions to growth http://daily-infographic.tumblr.com/
“Succession Planning for a Family Business” Part 1 of 3 Michael Gray interviews attorney John Hopkins for Financial Insider Weekly about how to determine which child gets what proportion of your family business and some unique issues that come up when planning for the future of your family business. Part 1 of 3. Part 2 of 3 Part 3 of 3
Pramodita Sharma: Research on Women in Family Business Pramodita Sharma describes recent research trends regarding women in family business. She notes which trends are most relevant to women currently working in a family business, and she describes promising areas for future research.
/ Business Succession, Business Values, CEO, Communication, Dynasties, Entrepreneur, Family, Family Business, Family Business Dynamics, Family Business Governance, Family Meetings, Family Office, Family Values, Leadership, Management, Next Gen, Starting a Business, Strategic Planning, Structure
David Bork on Family Business Boundaries David Bork describes seven critical boundary issues for family businesses: compensation, succession, siblings, spouses, non-family executives, spouses of family members, and confidentiality.
James Olan Hutcheson on “The Six Reasons Why Family Businesses Fail” James Olan Hutcheson describes the six reasons for family business failure: a poor business concept; inexperienced management; poor planning; inadequate capital; inadequate financial controls; and “the family effect”.
“Talking Business Strategy” with David Norris, Business Consultant David Norris from Active Assist Business Consultancy, discusses the “take five rule”, running effective boards in family businesses and the order of magnitude benefits on turnover by narrowing the business focus for small companies.
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.
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
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.
- 20 Weird Things We’ve Learned About Bill GatesMarch 23, 2017
- Austin’s richest ranks high on new Forbes list of world’s billionairesMarch 23, 2017
- Bay Area tech leaders dominate the top of Forbes’ 31st Annual World’s Billionaires list. – San Francisco Business TimesMarch 23, 2017
- Forbes: Newest member of the billionaires club? Papa JohnMarch 23, 2017
- Youngest billionaires: How did they make their money?March 23, 2017
- The Billionaire Sports Team Owners Almanac 2017March 23, 2017
- It’s The Best Time To Buy These REITs Since 2009March 23, 2017
- Tony Robbins’ 4 rules for investingMarch 23, 2017
- Global Art Sales Fall 11% to Lowest Point Since RecessionMarch 23, 2017
- Rent The Runway Cofounder Fleiss Bows Out As Company Preps For IPOMarch 23, 2017
- How to qualify for the New Flat Tax System in Italy – YouTubeMarch 23, 2017
- Mark Zuckerberg net worth: How much money does the Facebook founder have?March 23, 2017
- Rolex unveiled a new watch that’s shinier than anything we’ve seen from the brand beforeMarch 22, 2017
- ‘Subprime credit losses are accelerating’: There’s a problem in the auto loan marketMarch 22, 2017
- The world’s largest hedge fund just published a 61-page paper on populism that says the movement is at its highest level since the eve of WWIIMarch 22, 2017
- Meet Trump’s Kind Of Immigrants: Wealthy Investors Who Funded A Kushner Development In Jersey CityMarch 22, 2017
- The Story Of Trump’s Deals In Florida: From Failed Towers To Foreclosure And Slow SuccessesMarch 22, 2017
- Snapdeal in talks with Flipkart, Paytm for a potential saleMarch 22, 2017
- Singapore and Hong Kong Top World’s Most Expensive CitiesMarch 22, 2017
- The days of owning a car could be fading away, thanks to these alternativesMarch 22, 2017
- Survey: We’re stressed by retirement preparations – but doing little to prepareMarch 22, 2017
- Bianca Rinehart given go-ahead to sue her mother Gina over family trustMarch 22, 2017
- Tronc Board Dispute Said to Center on L.A. Billionaire’s TradesMarch 22, 2017
- Being An Entrepreneur Is The Worst Job Ever, And This Is Why I Wouldn’t Take It Any Other WayMarch 21, 2017
- Forbes: Georgia’s nine billionairesMarch 21, 2017
- The world’s billionaire population declined in 2016March 21, 2017
- Canada Pension Plan looks to raise its bet on ChinaMarch 21, 2017
- Jeff Bezos Ranks Third on the List of Global Billionaires in 2017March 20, 2017
- First daughter Ivanka Trump gets West Wing officeMarch 20, 2017
- WeWork is raising $3 billion from SoftBank and its massive tech fundMarch 20, 2017
- CREDIT SUISSE: Here’s how high-frequency trading has changed the stock marketMarch 20, 2017
- Makeblock raises $30 million for robot-building kits for kidsMarch 20, 2017
- Secretive Billionaire Reveals How He Toppled Apple in ChinaMarch 20, 2017
- Time Trials: The Watches of Our 2017 Car of the Year CompetitionMarch 20, 2017
- A New Generation of Luxury Rises in Turks and CaicosMarch 20, 2017
- Argentinian billionaire in Falklands bidMarch 20, 2017
- China vs. America: The Different Spending Habits of the WealthyMarch 20, 2017
- Wealth rises by £15 billion in Asian Rich List 2017 – Eastern EyeMarch 20, 2017
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.
AIP Ambassador, Past President
LFO Website Statistics