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Introduction to Managing Private Wealth – The One Percent Solution

With this post I am beginning a new book, tentatively titled Managing Private Wealth from Closely Held Businesses: The One Percent Solution, and will post additional sections over the coming weeks.  When it is complete, the book will be published as an Amazon Kindle book. The gist of the idea behind The One Percent Solution is:

Consider a budget for managing your pre-liquid wealth (defined as your ownership interest in your private company) similar to the fees you pay to manage your liquid wealth (stocks, bonds, other liquid investments).

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Lessons from Microsoft on Management Succession

Many of the companies I deal with have baby boomer senior managers who own substantial portions of their companies. Every one of these companies will experience management transitions over the next one, two, five or ten years or so. Isn’t it better to plan ahead for these critical transitions for the good of your fellow owners, their families, your employees, your customers and on?

Don’t be caught like Mr. Balmer and Microsoft’s board, in a trap with no apparent solution.

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7 Reviews Thus Far of New Kindle Book: Buy-Sell Agreements for Baby Boomer Business Owners

Buy-Sell Agreements for Baby Boomer Business Owners has been available as a Kindle book for about five weeks now.  During this short time, the book has received seven 5-star reviews from a variety of readers.  I thought I’d share the reviews with readers of this blog.

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Managing Private (Pre-Liquid) Wealth – The One Percent Solution

The One Percent Solution.  I developed the term as a vehicle to talk with clients about the value of valuation and other financial and estate planning activities conducted to manage (pre-liquid) private company wealth.  The gist of the idea is simple:

Consider a budget for managing your pre-liquid wealth (defined as your ownership interest in your private company) similar to the fees you pay to manage your liquid wealth (stocks, bonds, other liquid investments).

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Miles Mason has Excellent Divorce Reference Book

Miles Mason, Sr., of the Miles Mason Family Law Group in Memphis, has written a book, The Tennessee Divorce Client’s Handbook, is a great primer for divorcing persons and for anyone who has not yet started but is contemplating divorce. As a divorce attorney, his basic advice is “think seriously before you enter into this […]

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Prayer of the Children for Newtown, Connecticut and Everyone

In light of the events of December 14, 2012 in Newtown, Connecticut, the Memphis Men’s Chorale, of which I am a member, offers our Prayer of the Children in honor and memory of the children and teachers who were killed, and for their families and friends — indeed for the millions everywhere who have been so deeply charred and jarred by this tragedy.

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Where is the Mergers and Acquisitions Tsunami?

There was pent-up demand for selling businesses in 2008. Now that we are on the short side of 2012, that pent-up demand is causing unknown pressures for business owners, their families, and their employees, who are uncertain about the necessary transitions that await. The tsunami is coming. Will you be ready? Will your clients be ready?