Category Archives: Risk

Perfectionist Are Everywhere

December 16, 2017

R. Shawn McBride recently spoke about perfectionist and how it affects your business.

Folks, Shawn here with you. Talking about a very important issue about the reality of business, and it’s perfectionism. You know in a theoretical world, everything would be perfect. And there’s a lot of people out there that pride themselves on perfectionism.

If you grew up in … Read the rest

Dan Sullivan – Do You Notice When You Get Tired, Other People Get Stupid

December 12, 2017

R. Shawn McBride recently spoke about the consequences of when we get tired.

Hi, folks, Shawn here with you. Question for you. Do you ever notice when you get tired, that other people get stupid? I’m serious here. This question was posed by Dan Sullivan of Strategic Coach in one of our sessions. Do you notice when you’re starting to … Read the rest

What to Do in the Event that your Business Partner Dies

December 11, 2017

Unfortunately, changes are part of life and they are inevitable, but many business partners do not plan for changes. We encourage partners to plan for death, disability, divorce, disagreement, and other possibilities in the evolution of the partnership at the beginning, but what if you did not do that? What if you formed a partnership and now your partner has … Read the rest

Get Partnerships Right in the Beginning

December 7, 2017

Partnerships, partnerships, partnerships. They are all around, but how do we get them right in the beginning? How do we start them off on the right foot? How do we make sure they are successful? The key to a most successful partnership is to have clarity of understanding early on. There needs to be an alignment, and the partners need … Read the rest

Get Greater Productivity by Minimizing Uncertainty

November 13, 2017

More risk means more reward. We all have heard that before and it is certainly true to some extent, but sometimes you can get rewards by removing uncertainty. In financial theory, you are only compensated for risks that can’t be mitigated, i.e. taking extreme risks for no purpose typically is not compensated in most financial models. However, taking risks that … Read the rest

Keeping Company Information Confidential

November 10, 2017

We have previously discussed, in other blogs, about the fact that intellectual property could be the life blood of your business. There is an entire chapter dedicated to protecting your intellectual property and value in my book, Business Blunders,  When you are building your business, make sure that you keep the confidential information of your company protected. One of … Read the rest

Conflicting Advice from Business Advisors

November 7, 2017

R. Shawn McBride recently spoke about getting conflicting business advice from advisors.

Shawn, here with you. I’m going to talk about living in the real world and getting conflicting advice. If you’ve been in business for any period of time, you’re getting conflicting advice. And where it gets really frustrating is when you go into coaching. And I’ve used a … Read the rest

People Know When You Dodge Their Questions

October 31, 2017

There’s an interesting phenomenon these days. A lot of times, people will rather avoid a question than take responsibility for the answer. I see this in sales conversations, I see it in personal exchanges, and I see it elsewhere in life. What do we do as individuals to make sure that we’re doing the right things? One of the things … Read the rest

Secret Women in Business

October 21, 2017

I was recently asked about the secret of women in business. I scratched my head and I was like what is a secret woman in business? As you probably know, I’m a frequent speaker on women’s topics, especially since I gave my TEDx speech on The Advantages of Women in Business Partnerships. I wasn’t sure what these secret women were … Read the rest

Cost of Bad Books and Records

October 19, 2017

R. Shawn McBride recently spoke about the importance of having good records.

Hey folks, Shawn here with you. I’m smiling but I’m not talking about something fun. The cost of bad accounting and bookkeeping – what does it mean? So, if you’ve got an LLC, corporation, even a sole proprietorship, it is critical we keep good books and records. And … Read the rest

All postings are intended to be planning tools to familiarize readers with some of the high-level issues discussed therein. No posting is intended to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.

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