How to Create a Family Business Charter
By Pierre duPont • July 28, 2020Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more.
Financial Poise™ has one mission: to provide reliable plain English business, financial, and legal education to individual investors, entrepreneurs, business owners and executives.
Seller Financing a Business: How to Strengthen Your Deal
Seller financing a business is an often necessary way to tap more buyers, increase sale price and ease capital gains taxes. Here's how to get the best deal.
Read More »Maybe It’s Time for a Gap Year: Will Traditional College Be Worth the Cost in a Post-COVID World?
COVID-19 has thrusted universities online, but full tuition has students asking, “Is college worth it?” Investing in college may take on a digital meaning.
Read More »6 Ways to Manage Family Wealth and Create Your Family Legacy
Your family legacy depends on managing family wealth and relationships in a way that fulfills a common mission. Six tips on creating your family's purpose.
Read More »Quick Starts to Popular Financial Poise Series:
Coronavirus, Your Business & Your Money: A Financial Resources Guide
By The Financial Poise Editors • April 14, 2020'Know Thy Numbers' - Plain English Principles for the Business Owner & Investor about Accounting and Finance
By Jonathan Friedland & Kristina Parren • November 11, 2019Recent Articles
Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more.
Pricing Commercial Real Estate: The Cap Rate Formula
By Tracy Treger • July 27, 2020Investors use the cap rate formula (ratio of net operating income to purchase price) to price real estate. Find the cap rate for commercial real estate.
Exploring Opportunity Zone Tax Benefits for Real Estate Investors
By Adam Grais • July 24, 2020Qualified Opportunity Zone (QOZ) funds reduce taxes on real estate capital gains, but are opportunity zone tax benefits better than those of 1031 Exchanges?
7 Key Elements of Employee Handbook Design
By Zascha Blanco Abbott • July 22, 2020The employee handbook. Most businesses have them, but is yours effective? Read this guide to the 7 must-have elements of an employee handbook.
Not Making Business Decisions = Making Bad Business Decisions
By Bruce Werner • July 20, 2020When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision.
6 Tips for Building a Better Marketing Team
By Scott Steer • July 15, 2020To get the most from your marketing team or consultants, you must act as a leader. Follow these tips to get a better marketing team & reach your objectives.
Shut Up and Listen: How to Practice Effective Listening for Leaders
By David Spitulnik • July 14, 2020The key to active listening in leadership is to “shut up” and count to 10. This simple exercise discourages interruptions and boosts effective listening.
Breaking Up Is Hard to Do: Surviving a Business Divorce
By Michele Schechter • July 13, 2020A business divorce is sometimes inevitable, but it can be avoided. Precautionary measures and written agreements can aid in resolving partnership disputes when they occur.
How Startup Accelerators Work to Grow Early-Stage Businesses
By Brian Dixon • July 8, 2020There are many avenues for fundraising, but accelerator programs come with unique resources. Find out how startup accelerators work to provide expertise and investments.
For Effective Boards, “Noses In, Fingers Out” Can Be Widely Interpreted
By Bruce Werner • July 6, 2020Should an effective board of directors stick its nose into business matters or keep its fingers out? A leadership crisis heightens the question.
What is an Angel Investor and What Motivates Angels to Invest?
By David M. Freedman • July 2, 2020What is an angel investor and what is it not? Learn the difference between angels and VCs, as well as the financial and nonfinancial benefits of angel investing.
Businesses Face Growing Need for Cybersecurity to Protect Intellectual Property
By Meghan Nugent • June 30, 2020A data breach can affect your patents and trade secrets. Today, there is a growing need for cybersecurity measures to protect intellectual property.
Creating Wealth 101: Use It (Or Not), You Will Lose It
By John Rompon • June 29, 2020Buying and nurturing private companies consumes more time than most other forms of investing but there’s no better way to build wealth.
Seeking a Money Magician? 5 Don’t’s When Selecting a Financial Planning Advisor (and 5 Dos)
By Cristina Nolan • June 26, 2020Getting great financial planning advice can feel like magic, but sleight of hand isn’t something you’re looking for in a financial planning advisor. Do your research or you may watch…
Portals & Broker-Dealers: Comparing Types of Investment Intermediaries in Crowdfunding
By David M. Freedman • June 25, 2020Two investment intermediaries in equity crowdfunding, portals and broker-dealers, require different levels of due diligence. Which is right for you?
Building the Best Strategy to Drive Cash Allocation
By Bruce Werner • June 24, 2020Do you have too much cash on hand? Cash allocation decisions are some of the trickiest for small businesses to face – make your cash work as hard as you…
How NY Gov. Andrew Cuomo Combined Behavioral Science and Leadership to Battle COVID-19… Whether He Knew It or Not
By Michael Shaw • June 23, 2020Gov. Andrew Cuomo’s COVID-19 briefing is a lesson for leaders on the power of cognitive biases and behavioral science in management.
An Intermediary to Lead the Process: Investment Banker or Business Broker?
By Michele Schechter • June 22, 2020The road to selling a business is winding. The right intermediary will guide you down the right path. Do you need a business broker or an investment banker?
What Is a Non-Disclosure Agreement? Non-Disclosure Terms Explained
By Michele Schechter • June 19, 2020How do different types of non-disclosure agreements protect the parties involved in M&As? Learn common NDA terms and accompanying documents.
The Danger of Overconfident Leaders in Business
By Lee Eisenstaedt • June 18, 2020Overconfident leaders hurt company culture and make costly mistakes. True confidence in leadership requires dialogue. What conversations you should have?
Cybersecurity Challenges for Boards of Directors
By Bruce Werner • June 16, 2020COVID-19 has moved board meetings online, excacerbating hacking threats. Now more than ever, cybersecurity needs to be part of a strong diligence process.
Sleep Deprivation and Work Performance: How Americans Lose Billions Each Year
By Mercedes Holmen • June 15, 2020Research shows sleep deprivation and work performance are correlated, which could hurt your income. Are you losing time and money?
How to Promote on Facebook Effectively Using Facebook Ads
By Tina Powell • June 12, 2020Facebook is a powerful advertising tool that can reach over 1.7 billion daily active users. Learn how to promote on facebook and build an audience that will see your ads.
Fundamentals of Corporate Structures and Their Effects on 4 Types of Equity Offerings
By David M. Freedman • June 11, 2020Four types of equity offerings issued by LLCs & corporations have benefits & drawbacks for investors. Learn about stock, LLC units and convertible debt.
Trade Credit Insurance in COVID-19 Times
By Gary Mendell • June 10, 2020The COVID-19 pandemic has made the export credit insurance industry a seller’s market. Here’s what to expect of a trade credit insurance policy.
Can You Get Wealthy Buying Farmland as an Investment?
By Sophie Friedland • June 9, 2020Plant-based diets, the consistently high value of farmland and new investor platforms have made buying farmland as an investment a good way to make money.
Tips for Self-Promotion at Work for the Leader Who Wants to be Noticed
By Lee Eisenstaedt • June 8, 2020Good leaders don’t reward shameless self-promotion—or dutiful silence. Learning how to be a leader is the best route for self-promotion at work.
Time, Money, Happiness: The Risks and Rewards of Following Your Dreams
By Tom Kirby • June 5, 2020Following your dreams can be risky—and scary. Follow these three steps for evaluating your passion project and calculating the opportunity costs of your decisions.
Non-Executive Directors Provide Leadership When It is Needed Most
By Bruce Werner • June 4, 2020There are many advantages of non-executive directors. They provide accountability, leadership during difficult situations and true change to divided firms.
What is Puffery, and is Trump’s Puffery a Valid Legal Defense?
By Adam Hirsch • June 2, 2020What is puffery, and when is it actually sales fraud? The Trump SoHo case provides insight into what constitutes “mere puffery” in court.
Follow these PPP Loan Spending Rules to Qualify for Loan Forgiveness
By Jeremy Waitzman • June 1, 2020Get up to speed on PPP loan spending rules, from payroll to rent, so you are eligible for forgiveness and prepared for a possible SBA review.
IRC Tax Section 280E Update and Potential Tax “Loophole” for Cannabis Companies
By Simon Dufour • May 28, 2020Cannabis companies have felt the weight of IRC tax section 280E for a long time, but changes to the tax code may allow them to deduct from taxable income.
Repairing Bad Company Culture from the Top
By Lee Eisenstaedt • May 27, 2020Bad company culture exists when leaders tolerate unethical behavior and deny problems. Changing workplace culture starts with eliminating arrogance.
The Complexity of Real Estate Investment Partnerships
By Tracy Treger • May 26, 2020Buying property via real estate investment partnerships requires trust and due diligence in the right partner, whether it be family, friends or a professional.
How to Protect Your Assets Now to Cover Your Ass(ets) for Later
By The Financial Poise Editors • May 25, 2020Whether you own real estate or antique jewelry, knowing how to protect your assets will help you avoid costly disasters and increase appreciation.
Ramp Up Your Client Base with 3 Simple Lead Generation Tactics
By Tina Powell • May 22, 2020Are you still using outdated lead generation tactics to build your customer base? Use these three steps to identify potential clients and draw them in.
Lessons from Shark Tank: Is Reality TV Investing the Real Deal?
By The Financial Poise Editors • May 20, 2020Pitching to investors is nothing like it looks on reality tv, but entrepreneurs and investors can still learn lessons from Shark Tank theatrics.
6 Reasons Private Equity Makes a Great IRA Investment Option
By John Drachman • May 19, 2020A private equity IRA investment has its benefits, from tax advantages to increased diversification. Learn more about this IRA investment option.
Accredited Investor Installment #13: Closing Thoughts
By Jonathan Friedland • May 18, 2020Liquid assets like stocks are not safer than alternative assets, like private equity, just because they are publicly traded. Liquidity and risk are not the same.
Correcting Bad Leadership: Actions Speak Louder Than Intentions
By Lee Eisenstaedt • May 15, 2020Leadership action is more important than words or intentions. Avoid bad leadership qualities by demonstrating kindness and keeping promises.
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