Tag Archives: business ownership

Lifestyle or Legacy – Part 3

Let’s turn to the Legacy Builders.They are the business owners who have achieved Lifestyle status (as defined in the last posting) but continue to work hard to build their businesses. Their objective is a company that does far more than … Continue reading

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One Response to Lifestyle or Legacy – Part 3

  1. Trina Hoefling says:

    Great series you're building here, John! Spot on. Thanks, Trina

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Lifestyle vs. Legacy – Part 2

Let’s define a lifestyle business. For our purposes, I’ll start with what it isn’t. It’s not the small retail store being run by someone who doesn’t need the money. A few years ago I was on a judging panel for a … Continue reading

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Lifestyle vs. Legacy – Part 1

There are three types of business owners. The first, which encompasses the vast majority of small businesses, is the one who simply wants to make a living from running his or her business. They dream of the day that they … Continue reading

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Entering 2011: a tale of two economies

In January of 2009 I blogged here titled “The Strategic Triple Threat” At that time, Congress had just passed the TARP act, saving the world from financial meltdown. The Federal Reserve was predicting a short recession followed by a resumption of historical … Continue reading

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Humbug!

It happened again last week. I heard a business owner say “I’ve decided to terminate Bob, but I’m going to wait until the first week in January to do it. I don’t want to ruin someone’s holidays.” I go through … Continue reading

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