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You Are a Leader

If you have your own business, you are a leader. If you work with others, you are a leader. If you have a family, you are a leader. You have a following, whether you know it our not. You have clients or customers who pay attention to how you interact with them. You have a spouse and children who pay attention to how you love them. You have colleagues who pay attention…

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Estate Tax What’s Next?

The politicians probably won't make any decisions on the 2013 estate tax until after the November election. Apparently, they don't want the voters to know how they would vote on this important issue before the election. Are you surprised? Here is the current status: In 2012, estates less than $5,120,000 (the exclusion amount) will not have to pay an estate tax, double that amount for married couples. However, unless the law is…

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Innovate your business by doing less!

I've been on vacation this week (kind of) and have been reading Practically Radical, by William Taylor. It's a fantastic book on how creative successful companies have innovated. Taylor interviewed Jason Fried and David Heinemeier Hansson, the founders of one of my favorite companies, 37signals, which makes the CRM app, Highrise, and the project management app, Basecamp. My law firm uses both because they give us just what we need, are not…

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You Need Life Insurance to Protect Your Family

If you have young children, and you are not independently wealthy, you must get a big term life insurance policy. If you died tomorrow, would your spouse and children be able to make ends meet comfortably, or would they have to scrape and claw their way? If you have young children, chances are term life insurance will not cost you very much because you are relatively young and healthy. You should call…

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Who’s Smarter than an Entrepreneur?

I write and talk a lot about how the now and future economy will be built by entrepreneurs. Not necessarily Steve Jobs or Bill Gates entrepreneurs, those that create billion dollar companies, but one man or one woman shops that create a phenomenal lifestyles for the owners. In my previous article, below, on how to choose a career, I discuss how one woman businesses are growing because many professionals give up the idea of finding a meaningful and stable job with a firm and because the barriers to entry have been significantly lowered with new technology.

One of my favorite business and marketing writers is Mitch Joel. This is what he wrote today.

Inc. Magazine ran an article titled, How The Rich Got Rich, in June of this past year. The article was based on an annual report by the IRS that provided data on the 400 individual income tax returns reporting the largest adjusted gross incomes and it was written by Jeff Haden. In this article, he deciphers the “watching paint dry”-boringness of this data to uncover some interesting kernels…

  • Working for a salary won’t make you rich.
  • Neither will making only safe “income” investments.
  • Neither will investing only in large companies.
  • Owning a business or businesses, whether in part or partnership, could not only build a solid wealth foundation but could someday…
  • Generate a huge financial windfall.

The future of business is small and entrepreneurial (don’t tell the MBAs and consultants).

The workplace has changed. Economics are funky. The security of a steady job in a big, corporate company has all but dissolved. We’ve spent the better part of two decades watching these monstrous organizations crumble (some because of corruption, while others failed to innovate at pace). At the same time, we’ve seen instances where a company like Instagram comes along, plays by their own rules and – whether we like it or not – is able to be sold for a billion dollars to Facebook with not much more than a hope of future growth, expansion and revenue.

It’s not all about the money.

I’ll be the first one to raise my hand in admission that money is not the only driver for success in business and life. Being healthy, happy and

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