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How to Create a Family Plan for Your Business

“I’m doing it for my family, to give them a better life” is the stock answer we all give when asked why we put ourselves through all the pain and heartache of owning and running a business.
And, in my experience as a business strategist and executive coach, some of us proudly produce the business plan we are working to – which supposedly will give our families that better life.
But what is this thing called a better life?
And, what plan do you have for you and your family to enjoy that better life?
The importance and benefits of having a Family Plan was explained by Fred Verney of Townends at a recent meeting of the Wealth Enhancement Forum which I chaired.
Over the past thirty years, Fred has designed and developed a very effective family plan process that has enabled vast numbers of family and private businesses to successfully build and pass on wealth tax efficiently to following generations.
Having a family plan is at the heart of building, preserving and transferring wealth among those people who are most important to you – and for whom you are taking all the risks.
Firstly ask yourself what are the objectives in respect of:
• The family
• Yourself
• The business
Are they integrated? If not, what needs to be done?
The following are the three key elements of the plan
A Plan to Live and a Plan to Die
With life expectancy rapidly increasing and retirement becoming and ever distant possibility, passing on the wealth and/or business upon death is only part of the issue. There needs to be a plan for passing on wealth and assets during your life time as well as on death.
Fairness and Equality
Everyone in the family has a view on these crucial criteria. Besides the generational differences there are differences between parents, brothers and sisters, wives and husbands, plus the numerous combinations. Having a draft family plan provides a starting point for the all important facilitated discussions between family members.
The Tools to Use
There are whole raft of tools besides the Will that can be incorporated in a Family Plan and the ones chosen will depend on the answers to the three previous topics.
While your business plan is important you should devote as much – if not more time – to the family plan to ensure that what you are doing is for the right reasons and will produce the right results.…

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Try These Great Ideas For Wondering How To Make Money Online

Few can deny the allure of working from home, and the Internet enables them to do so. Maybe you have thought about this a time or two or twenty, but haven’t taken the first step to do something about it. You just need to keep reading, learn from this article and take what you have learned and put it into action.

Watch out for online scams. The range of online work is vast, but some of the work may be unsatisfactory. Look for reviews of potential plans before making any agreements.

Figure out the niche that you are in first. Do you like writing? Think about becoming a content writer. Or perhaps you talents are more artistic, then consider graphic design. Freelance writers and artists have many opportunities online. If you want to succeed, know thyself.

If you’re a writer, try writing on websites such as InfoBarrel or Squidoo. These websites allow you to write about your favorite topics and you also get a percentage of the revenue. Plus, they both tie in opportunities through Amazon.com’s affiliate program, giving you even more online income opportunity.

Schedule yourself. You have to be disciplined if you’re going to make income online. You will not get rich overnight. You have to work hard daily. Set aside a specific time during the day. One hour per day could be all it takes.

Do some surveys to make an online income. There are many different surveys you can take. They can be a good way to make money. Although individual surveys do not always pay generously, your efforts pay off over time. Your earnings will steadily increase over time.

Make sure you can prove your identity before you make money online. Many places expect you to provide the same identification and validation as if you were working in person at a brick-and-mortar place. The process will be much simpler if you’re prepared with your ID.

Online tutoring is a growing industry. Therefore, if you want to be able to work online from home, then consider e-teaching as a viable option. There are many great sites including SmartThinking and TutorVista. If you succeed, you may get additional opportunities as well.

Search on Google if you want to maximize your earnings. There are many ideas to explore. When you find something interesting, search reviews about the company. Whatever you choose, stay cautious.

Ask others if you can advertise for them. Website advertising is how most make money online. If you have a dedicated blog following, you can be sure that there are parties who will pay dearly to be featured on your website. When your readers click on this ad, they will wind up at another website offering services or goods.

All you have to do is find some great examples of how to work online. The ideas and tips you learned here have been designed to get you off to a good start on your path to earning money online. It is possible for anyone to earn a bit of change online, but to have true success you must continue learning. Keep this in mind to get started as soon as possible.…