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Dan Weedin

I need professional help in saving and investing my money. What I enjoy is spending money. If you’re like me, that’s exactly why you go through all the gyrations of estate planning and wealth management. Yes of course you want to leave money to your estate and to charity, and so do I. Yet my goal is for my wife and I to have resources available to do all the things that we want to do in our golden years — travel to exotic places, play golf at the best courses, and eat at the coolest restaurants!

The professional you work with is skilled in helping you create that wealth and have money to do what you want. What he or she can’t do for you is ensure that you are in any condition to enjoy your nest egg as you want. That is up to you. read more »

 

As you are reading this column, students aged 5 to 17 are getting ready to shake off the frivolity of summer and descend into school hallways for another year of reading, writing and applied technology. As a member of my local school board for the past four years, a former high school basketball coach, a volunteer, and a parent of two daughters that matriculated through the system, I have a pretty good insight into the workings of student life. From my surveillance, I posit that we as business leaders, executives, and entrepreneurs would do well to observe the average third-grader as a source of inspiration on how to run our own businesses and careers. read more »

 
Tools For Your Business

Last month, I noticed a strange looking sore right below my dog’s right eye. Captain Jack is a Jack Russell terrier and not prone to complaining (unless he is hungry or a menacing rabbit has entered our property). The sore was bleeding a little bit, very puffy, and scary for his owner. On closer inspection, it appeared to be more of an abscess. We thought he might have been bitten by something. A hasty trip the next day to the veterinarian was the next step.

Dr. Craig Adams at the Poulsbo Animal Clinic is Jack’s physician and quickly diagnosed a different problem. Our feisty canine had broken his tooth on something and through that tooth had developed an infection. The infection went up through the cheek and manifested itself in the sore we saw. Dr. Craig was quick to point out that this was a pretty tough dog. If it were one of us humans, we’d be out of our minds in pain and begging for surgery. read more »

 

I was recently on a trip back in Rhode Island to spend a day with my professional mentor and my business mastermind group. As our day came to a close, we found ourselves out by his swimming pool, overlooking his beautiful lake filled with turtles, fish and birds, and smoking a nice, fat cigar. Peaceful.

As I enjoyed sitting in this spectacular setting, I found myself watching the burning end of the cigar. In order to light it, I needed three things — fuel, heat and oxygen. Without one of any of these, the cigar doesn’t light.

In your business, you also need fuel, heat and oxygen. Without any of these three, your business won’t work effectively and will cause you much anxiety, loss of time, and loss of money. But since we’re not talking about cigars here, allow me to explain. read more »

 

If you were having lunch at the next table over from my 89-year old mother and me recently, you might have overheard this conversation:

  • Mom: “You’re my favorite.
  • Me: “Your favorite what?” (I’m her only child)
  • Mom: “My favorite nephew.”
  • Me: (with a chuckle) “Well, that’s fine, but I’m your son!”
  • Mom: (with her own chuckle) “Oh… that’s right!”

This conversation about three years ago would have been unthinkable for us. My mom was fully capable and living on her own with my father. In the past two and a half years, my father developed bladder cancer; they moved to an assisted living facility; he died and she moved in with us for two years; and now we just moved her to a memory care facility as she has been battling dementia the past 24 months. Her life changed and so did ours in what seems the blink of an eye. We now make decisions with a whole new reality and time frame. This includes our own thinking around aging and mortality. read more »

 

The tragic events in Boston last month serve as a stark and vivid reminder that we face risk every day. Regardless of whether it’s in business or in our personal life, our acceptance of dealing with anticipated and non-anticipated peril starts when you crawl out of bed.

As a business owner or manager, you’re probably in charge at some level in being a leader in the face of crisis. A bombing like what occurred at the Boston Marathon will most likely never happen to you (although merchants and business leaders in Boston may not have envisioned it, either). That being said, I promise you that you will face different crises in your business that imperil your operations, your revenue, and your reputation. read more »

 
Platinum techniques to lead and manage your people to stardom

Recruiting and hiring good talent for your business is the “Holy Grail” for business leaders. Your investment is loaded with money, time and risk. It takes a minimum of 18 months just to break even on that investment, much less to start seeing a return. That’s why being able to maximize that talent and accelerate your return on investment is so critical to your success as a business.

Why is it then that many businesses take so long to get those employees out of the garage band mode, and simply hoping that a few will turn into rock stars?

The answer is that they don’t know how to coach the American Idol wannabes from start to finish. If you have ever spent any time at all watching the FOX reality singing show, you’ve seen the judges and other singing icons offering coaching, mentoring, and often a good dose of tough love to accelerate the learning. read more »

 

Do you work for a horrible boss?

Many in business for themselves have “bosses” that do things that would never be tolerated by anyone else.

They can be demeaning; insulting; overbearing; demand overtime without pay; not allow vacation; and most importantly ridicule with bad language that promotes poor performance, lack of creativity, and really bad morale.

Unfortunately, those “bosses” are you.

Poor self talk is endemic in small business owners and executives. It’s so easy to fall into patterns of self-flagellation and nothing good comes from it. There are many reasons for it read more »

 

January is the time to plan big, right? Business plans are created, amended, folded, stapled, mutilated, and disseminated. Business strategies are set when these business plans pop up and everyone gets very excited.

Then it’s February.

Resolutions and business plans — both business and personal — are made with great intentions. And most are doomed to fail. Why? Because resolutions and business plans are overrated. They fail because you might just hit them.

It doesn’t matter what kind of business you are in. My advice to you is to eschew a business plan and create a powerful marketing plan. Having a business plan without a strategy on how you’re going to bring business in is like taking off for a secluded vacation getaway without a GPS, a map, or a Boy Scout compass. read more »

 
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