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Archive for Family

Medical Records & StethoscopeThe current health care debate that is being engaged in across the country is so important because it impacts every person and every business in important ways.  While I am generally conservative in my political leanings (with libertarian smatterings – and even an occasional liberal thought), I won’t be using this blog to further any political purposes, other than to support free enterprise.

Nevertheless, I thought I would share one of the most intelligently written and carefully thought-out pieces that I have read on the state of health care in the United States.  Everybody seems to agree that the system is broken, but there are disagreements about “what” is actually broken, and how to fix it.  The article, How American Health Care Killed My Father,  written by David Goldhill and published in the September issue of The Atlantic, makes a powerful statement about the real problems in our nations health care system, and proposes a unique solution that nobody in Washington D.C. is discussing.

No matter what position you find yourself taking in the current political debate, Goldhill will assuredly challenge your assumptions and make you re-think your position.  I know it had that impact on me.

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  • ThreePuzzlePiecesCapital, Confidence and Concept Conventional wisdom says that starting your new business is risky, although these days "risk" is a relative term. It turns out that working for someone else is risky, too - as so many people have discovered in the past 18 months. Evidently, joining a union for the perceived promise of......
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_42552571_court_ap There is an Associated Press article on Law.com about the mess that Anna Nicole Smith left behind for her estate. In addition to the paternity suits, DNA tests and jurisdictional wars between the Bahamas and the U.S., there is also the highly personal tragedy of an infant daughter who will never know her mother.  This tragedy, and the uniqueness of Smith’s life underscores the need for proper and up-to-date estate planning.

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  • confrontation11 Steps to Giving Employee Negative Feedback Every successful entrepreneur eventually has the experience of giving what is perceived to be negative feedback to an employee, manager, vendor, or partner.  Providing this kind of feedback is essential to leadership, and it is the most direct way to provide direct reports with information on how they are performing. ......
  • bluehandprintFive Essential Leadership Traits You Need When Times Are Tough I don't have to tell you how turbulent the last couple of years have been.  We've seen the impact of the economic environment on entrepreneurism in a big way over the last 18 months.  On the bright side, I am seeing that businesses startups today  - and those existing businesses......
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Nov
21

The Lost Art of Giving Thanks

Posted by: Derek Rowley | Comments (0)

thanksgivingMy appreciation for the Thanksgiving holiday has matured over the years.  There was a time when all Thanksgiving really meant to me was a great meal by my grandmother that inevitably turned into an eating contest with my younger brothers, followed by a football game on TV as we lay on the floor, writhing in the bloated discomfort of our engorgement.  Then we had pie.

I find myself a lot more contemplative these days about Thanksgiving.  It really isn’t about the turkey dinner or the football game anymore.  And, while my thoughts during Thanksgiving – and the entire holiday season, for that matter – turn increasingly toward my family, I am also reminded that sincere expressions of gratitude are a tremendous source of both internal and external power in business settings as well.

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  • financial-statementYour Business Checkbook Doesn't Tell You Everything It can be a real challenge for a new entrepreneur who doesn't regularly balance his or her personal checkbook to adjust to the demands of business accounting.  Business accounting is a critical discipline that the business owner either must learn and adopt - or must outsource to someone else.  No......
  • Credit Card CloseupProtecting Your Credit in Economic Decline The "credit crisis" has become ubiquitous.  It is being blamed for everything from home foreclosures to a plummeting stock market.  Many individuals and most businesses are feeling the pinch from the credit markets today.  Which is precisely why it is so important to carefully manage and protect your personal and......
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Oct
31

Family LLCs: Sharing the Wealth

Posted by: Derek Rowley | Comments (0)

For years promoters have touted the use of Family Limited Partnerships (FLP) as a tool for owning and protecting assets and providing a mechanism for passing them on to the next generation.  The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of entity.  It isn’t.  It is simply a Limited Partnership used for family purposes.  Similarly, the LLC is becoming used for family purposes, which has coined the usage of the Family LLC.

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  • blog traffic exchange11 questions that can help you choose the best business entity for you Small business veterans may differ on politics, taxes, management styles and even on business models. But one thing they generally agree on is this: the business world is a dangerous place. In business, there is potential trouble literally everywhere  - contracts, product liabilities, employee problems, intellectual property mistakes, etc. -......
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I am frequently asked about the impact of a husband and wife owning the membership interest in an LLC in a community property state.  It is and interesting issue that is unresolved in many respects.

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  • graphs and chartsWe Believe in Entrepreneurism Zogby Interactive conducted an interesting poll of Americans to see where the nation is placing its faith in a better future. "Who will lead us to a better future?"  Here are the results: 63% - Small business and entrepreneurs 52% - Science and technology leaders 38% - Family and friends......
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