Overdoing It? Don’t Let Your Strengths Become Weaknesses
I’m a big believer in playing to our strengths – I don’t think that’s news to anyone who knows me. When we work from a place of strength, a place of confidence and interest, we enjoy what we’re doing. We lose track of time as we delve into our subject; we take pride in our […]
Top Estate Planning Factors for Real Estate Investors
Estate planning is vital for anyone with significant assets – most of you already know this. But it comes with a variety of considerations and often involves a multi-pronged approach to ensure every aspect of your estate plan furthers your goals for your family and your business and is aligned with your core values. This […]
IRS Provides Tax Relief for all Louisiana Victims of Hurricane Francine
Well, for us in Louisiana, another year – and another hurricane! A Category 2 Hurricane when she made landfall on Wednesday, September 11, 2024, Francine has left a lot of damage in her wake. On Friday, September 13, 2024, the Internal Revenue Service (IRS) announced the measures it will implement in order to provide some […]
New RFG Whitepaper – Succession Planning For Business Owners – Part I!
Is your business in ship-shape preparation for its next generation of management? Have you considered all your options? While there are various ways business owners can choose to select their business successor(s), each requires its own approach: But there are certain steps you should take when planning your business’ transition to a new management, whether […]
Want to Transition from Employee to Entrepreneur? RFG Can Help You Do It Right!
Sometimes, an employee realizes it may be time to transition into entrepreneurship and become a business owner, rather than an employee, and it may be time for him/her to take the leap into entrepreneurship. To be a business owner, not someone else’s hireling. That can be scary – I know, I’ve been there, I’ve taken […]
Happier Employees Are More Productive! How We Can Foster Happiness
There’s a growing body of research indicating that happier employees are more productive and that more productive employees are happier. In our evermore rapidly-changing business landscape, we business owners should take note, and foster happier employees – they’re good for our team, for us to work with, and for our bottom lines. How Do We […]
Entrepreneurs & Risk Exposure – Mitigation Strategies
One of the most significant risks of entrepreneurship is asset concentration. For most closely held business owners, the value of their business can represent, on average, 80% (or even more) of their total net worth. Now, a profitable, ongoing concern can be an excellent investment – after all, we are all our greatest assets. But, […]
The Cost of Money for Closely Held Businesses
Closely held businesses have had a rough four years, haven’t they? We all know the impacts of the COVID pandemic hit small businesses harder than large businesses, which were more likely to be designated “essential” during lockdowns than small ones. And given the economic uncertainty of 2020, credit became more challenging. We all hoped that […]
Why You Need to Know the Value of Your Closely Held Business
You may think you can make a fair guess as to what your business is worth – but too many times business owners who think this find the valuations are not quite as accurate as they imagined. And finding out you’re wrong, or at least not of the same mindset as others may be as […]
Get It on Paper! Why Written Agreements Are Essential for Any Business
Business agreements are too vital – and so are your business relationships – not to cement your agreements in writing. Why a Handshake Isn’t Enough I love handshakes! They’re real, personal, physical contact, and nothing can replace that. After all, when we deal with business, we deal with real people (that’s one of the things […]