R. Shawn McBride Live

Posts for for May, 2017

Pre-Suasion (by Robert Cialdini) A Book That Can Help You Persuade More

Posted on: May 31st, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently gave a book review on a book that will help empower entrepreneurs in their business.

Hey, folks, R. Shawn McBride with you here. Coming to you with a book review, of the book, “Pre-suasion” by Robert Cialdini. Great book here. For those of you that don’t know me. I’m a business strategist, author, public speaker and attorney. And, I really work with people on executing their plans and getting great things done with their plans. And as part of that process, I’m always looking for great information about how do we, make plans work better.

I’m an avid reader, constantly out there looking for what’s new and what’s great, and how I can help people in their planning process. Empowering themselves, working through it, and one of the great things about having great plans is you need to work them, you need to work them properly. And, Robert Cialdini has really broken down the influence game, which he was the author of a book called “Influence” which came out prior to “Pre-suasion”, and how do you really build a sale, or a transaction, or a trust model before you even get involved.

What are the steps? How do you make that look and how do you make it work? And he breaks it all down in his great book here. A lot of great information, just little things we can do in positioning. How do we say something? What do we position something as? How do we get people thinking about us before they interact with us? Huge help for business people if you’re running a business, or if you’re a sales person. If you’re doing something.

If you’re one of those successful private business owners that I work with, you know, in coaching or in live speaking, that target market, if you’re really trying to do more with your business and do it more effectively, this is gonna help regardless of what aspect you’re in because it’s gonna talk about, how do you interface with others, how do you have them thinking about you, and what a great difference, subtle little things we can do, can make a huge difference. I highly recommend you check it out, get a copy.

Let me know what your thoughts are, write back to me. Let me know what you thought, when you look at “Pre-suasion” and how it works for you. So, reach out. If you want to check out our McBride For Business blog, pick out our YouTube  channel where we’re sending lots of great information to business owners like you. And of course, feel free to check out my R. Shawn McBride public page. Write me, interact with me. Let me know what you think about this book, and also what you think about the planning process generally. I’m looking forward to getting in touch with you. Hope to interface with you soon, join our community and I will be talking with you very soon. R. Shawn McBride, signing off.

Make sure you download our free checklist to assess your business.

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Ulrik De Wachter.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

Updating Buy/Sell Part 5 Disagreement

Posted on: May 31st, 2017 by R. Shawn McBride No Comments

Hi, folks, it’s your friend Shawn here and checking in with you. Been working on a series of updating your buy-sell. And unfortunately from what I’ve seen in most businesses your buy-sells are probably out of date, right. Everybody’s got a buy-sell, maybe you didn’t even do one. But if you did do one, what I find is most times when it comes time to look at a buy-sell, it’s probably not effective, and it probably doesn’t do what you want to do.
So we’ve been talking about updating your buy-sell. If you’ve missed a prior video check them up on my youtube channel from McBride for business or the R. Shawn McBride public page where you’ll find this video. Check it out, take a look at the earlier series.
We started with talking about why buy-sells often get out of date. And the problem is when we need them, we need them to be effective, we need them to work. Or else everybody’s going to be upset and we’re not going to get the kind of outcome we want. So what we’re talking about today, is in these buy-sells.
We talked about death earlier and we talked about disability. Now you need to talk about disagreement, and this is something that people don’t want to deal with. They don’t want to deal with the fact that disagreement is a possibility. And disagreement can happen for a lot of reasons among business owners. It’s very real.
The biggest thing I find is life changes. People come into their companies with the purest of intentions. They want a company that’s going to last forever. They want a company that’s going to stands the test of time. And they’re okay with that, and they build towards that. But what we find is as time goes on they don’t keep the same values. Maybe one owner has some changes in life; they want more free time. Another owner really wants to build a business and it becomes a passion of theirs. And we end up in situations where we have two owners disagreeing. It’s almost inevitable that if a business stays together for a long period of time, that we are going to have a disagreement. Sometimes a disagreement is minor and doesn’t become a big deal. But sometimes it becomes fundamental. One business owner wants to sell and one business owner wants to work more hours. So we need to have provisions in the buy-sell agreement for a disagreement.
We want to understand what we are going to do if the owners start to go in different directions and how we are going to plan for that. How do we do this? We can build a lot of different provisions in there. But usually what it means is one owner is buying out the other or maybe we are selling to a third party. We want some way through that stalemate so that company needs to continue. We do not want to destroy that economic wealth. If we don’t put proper plans in place, often people end up in the courthouse. And that’s not a good place to be. So, we want to protect the economic wealth. We want to build that company and so we build disagreement provisions in there to allow a mechanism to get through a stalemate, keep the company moving forward and if necessary have the owners part ways. And it can look like a lot of different provisions. It could be a provision where one owner makes an offer to another. And that owner decides at that price whether they are a buyer or a seller. That’s a very popular provision. We could a have a third party evaluation; we could have a quasi-auction. There’s a lot of different ways we handle this but we need some path forward in the event of disagreement.
So, keep following our series here. We’re going to have more for you coming up. We’re going to deal with another situation. We’re also going to give an evaluation later in part of a seven part series. This is part five. And if you have any questions write me directly, R. Shawn McBride public page or check me out at McBride for business. Our blog has lots of great information for you. So stay tuned. After this kind of thing where you’re saying wow, you know I’m in a situation and I really wish I knew more about it. Talk to me, we can put together a workshop for you and similar business owners. Or I can work with you one on one and we can really get advanced on this stuff. So, if that the situation you’re seeing then please reach out. Shawn McBride, feel free to ring my office, 214-418-0258. Or comment on the video, send me personal messages. Let me know what you are dealing with and how we can help you with some better content in the future. Looking forward to keeping in touch.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Hans Gunther-Dreyer.

About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment , gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

Check us out on the web. 
Get Shawn’s latest book.
Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment
Like us on Facebook.

Financially Dealing With The Death of a Partner: Part 3 of Partnership Overview

Posted on: May 30th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about death and insurance on a series about updating your buy/sell, part three.

Everyone, R. Shawn McBride with you here live, talking again about dealing with partnerships. We’ve been working the last several days, talking about partnerships, partnership agreements, whether they are LLCs, corporations, limited partnerships, or whatever form your partnership agreement might be in. There’s some reality of dealing with partnerships, and we’ve started to dive a little bit into some of the details about what may happen. If you missed the beginning of the series, go back to my Facebook page, R. Shawn McBride public, and find it there, or look for the McBride for Business YouTube channel. Either way, you can catch up on the series, but today we’re talking about death, and yesterday we talked some about what happens if a partner dies. Today we want to talk about dealing financially with the death of a partner. What happens when a partner dies, and how do we financially deal with this.

One of the issues we have is, where does the money come from? Usually, partnerships or businesses have their money tied up in the operations, right? Inventory, or more realistically these days, a lot of times intangible assets. A brand, computers, databases, lists of customers, ongoing things that they’ve developed, intellectual property. So you have a lot of money invested, but it’s all illiquid, there’s no fund of money available, that if one of your partners is no longer there that you can just write him a check. The money’s tied up in the business. So what do we do? Well, this is where life insurance comes in, right?

So if we can get it, if it’s commercially available, we’re looking for insurance, we want to get somebody to underwrite this risk, write an insurance policy on the life of each of the partners, and then if one of the partners should die, we then fund it through, somehow we buy that partner out.

It can go one of two ways, typically, either the money flows into the partnership, and then the partnership does the buyout, or it flows directly to their estate and there’s a buyout there. In either case, a buyout of the partnership interest happens, the partnership reconsolidates with the existing owners, and the business continues to move forward. We’ve very clearly dealt with it.

Now, in real life, sometimes there’s an issue with getting insurance policies because they may not be commercially available, people may be uninsurable, they may have risks involved, medical procedures coming up, or medical histories that prevent them from getting insured. There we can possibly use a time payout. There’s a lot of different ways to blend this. The key is not to hide the ball, right? We don’t want to say, oh, you know, somebody might die, it’s going to be messy, let’s just not deal with it. We want to deal with it upfront, we want to understand that we need to put plans in place in case a partner dies. So that’s really what we want to do, and it could be insurance, could be timed buyouts, could be other financial arrangements, but we want something there, and there are ways to deal with this financially. You can just get in and figure out what’s right for you and your situation.

So how can we help you? We’d love to hear about what situations you’re facing, what issues you’ve had in your partnership agreements. Check out our blog. We have a lot of great content there. We’d love to come in and work with you and your partners or your organization to help get things more advanced. Can either do this as a workshop for a group of business owners as a keynote, or we can get into the weeds, so stay tuned, part four is coming up tomorrow.

We’ll talk more about realities of what happens in partnership agreements, so look for that, and we look forward to joining you tomorrow. All right, talk to you soon, and if you missed the early parts of this series, go check out the R. Shawn McBride public page, or go to our YouTube channel and start getting yourself caught up. All right, talk to you soon. I’m here for you guys.

Make sure you download our free checklist to assess your business.

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Lourdes Mora.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

Test Your Plan

Posted on: May 30th, 2017 by R. Shawn McBride No Comments

You’ve built a plan. Now, what can you do to make sure it’s robust and rigorous and gets you where you want to go? If you missed our previous blog, take a look at how to make plans. Then move on to my five steps for testing plans.

#1 Write. I hope you wrote down the plan during its development. If not, do it now because seeing it spelled out on paper will give you greater clarity. You will be able to work out details and may discover problems before you set your plan in motion.

# 2 Consult. Take your plan to a trusted advisor, someone you believe in. The advisor doesn’t have to be an expert in the area. It does have to be somebody who knows what she’s talking about, who knows what he’s doing, and who can look at your plan and give you sensible advice.

# 3 Demand. You need your advisor’s feedback.  Don’t simply ask, “Did you like my plan?” Press for details. “What did you think about this step? What did you think about that step? What do you think might go wrong? What would you change if this were your plan?” You really want to get the truth from this person.

# 4 Revise. Now that you have outside advice to guide you, revisit and revise your plan. Then take it back to that person, or find someone else. Keep testing and improving your plan.

# 5 Evolve. Once you have your plan in place, you want to keep testing it and testing it and testing it. As you follow your plan, you will want to make adjustments and changes.  Work with others. Their input can be so valuable.

What’s your experience? Have you made plans? Did they succeed? Join us in the comments below.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion, and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Emanuel Lobeck.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment (, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

Don’t Sweat Sweating

Posted on: May 29th, 2017 by R. Shawn McBride No Comments

Bo Eason played a lot of football, including five years in the NFL. So, he knows something about sweat.

I recently watched Bo speak, and one of his core messages is to be your authentic self and to go after your greatness. As part of that, he made an interesting statement: “Speakers should sweat. They should go all out.” You know what? When we are working, we often hear “Never let them see you sweat.” The message is “Don’t let them see you try too hard. Don’t let them see you strain.”

Bo takes the opposite view. I find there’s something truly authentic about that. If you’re really trying to give your all to people, if you’re really trying to be that form of greatness, if you’re really trying to leave it all on the table, why shouldn’t you sweat?

Speaking is a tough business. I’ve been in it a while. www.yourbusinessspeaker.com

As I speak to more and more audiences, I realize how hard it is. You control the room. Bright lights might shine on you. Audience members may ask you tough questions. And you are physical. You’re moving around the room. And the room is often cooled for the audience, the temperature set at a comfortable level for somebody who’s sitting in a chair. But as a speaker, you might be all over the stage. You’re interacting with people. You’re moving. And you know what? You might sweat.

This applies to more than just speaking. It applies throughout our businesses. We should give an all-out effort. We shouldn’t apologize when others see our effort. They should know we’re trying hard to work with them and meet their needs and to do the things that we’re trying to accomplish to make the world a better place.

What are your thoughts? Have you let people see you sweat? Did you feel guilty about it? And does your point of view change after you think about it a little more? Join us in the comments below. Let us know your thoughts and experiences.

Make sure you download our free checklist to assess your business.

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Scott Liddell.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment , gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

I Reprogrammed Myself to Add Value to the World

Posted on: May 29th, 2017 by R. Shawn McBride No Comments

My time spent working for large law firms – great firms, really – revolved around time. I believed my biggest value added to the world was that I had the stamina and desire to work 24/7. I was available around the clock and I could be super responsive. I added value to my clients that way.

As time went on, I learned more and more about myself. About my business. About what my customers needed. I began to realize there was a different value added. It wasn’t about being a lawyer available every minute. It was about being a business advisor clients trusted. It was about having the client’s back.

Sure, being available 24/7 would be nice, but it comes at a cost to clients and me. If I’m always standing by for the client, I can’t fully engage in learning. I can’t be networking the same way. I can’t be more of what I need to be so that I can add greater value to my clients. I need to focus on what I do, and being available 24/7 is not the best way for me to add value to the world. The best way for me is to be responsive to my clients — to learn, to grow, to network, to provide innovative solutions for them, and to help them in the way they need it. When I focus on this value added, on this way of helping with the world, I add more.

It’s a fundamental shift in the way I think. What about you? How can you change the way you think? What’s your experience? Have you changed the way you view your value added? How’s the world responded? Join us in the comments below and let us know your thoughts and experience.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion, and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Diane Miller.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

Bringing New Directors into Your Business: A Way to Protect the Value You’ve Worked So Hard For

Posted on: May 26th, 2017 by R. Shawn McBride No Comments

There’s an interesting phenomenon I get to see. A lot of businesses that are growing have hit a level of maturity. But, they don’t plan for secession and ownership.

Of course, this leaves the business vulnerable to things that are going to happen to the owner or top management team. And a lot of times, what a company needs is a Board of Directors or some form of other experienced business people getting involved in the business. Getting the right people involved can make a huge difference. A lot of times, it’s a shocking experience for the owner of the business when they bring in an outsider’s perspective. Shocking in a good way.

Many business owners are very tied up in day to day of their business. They know their business like the back of their hand. They know how to make it successful, and they know the common issues in their business and they know how to solve them.

But they aren’t getting other outside perspectives at their same level. They don’t have contemporaries that are helping them look for new opportunities and spot issues which are what causes, what I call an “OMG” moment. [For those unaware, “OMG” is internet/text message lingo for “Oh My Goodness.”]  For so many business owners, when they bring in directors or formal advisors to their business they suddenly feel liberated. They feel like they have other people that understand them. They feel like their business can grow, that they can find new opportunities.

The new opportunities and the growth of the business, generally, more than pays for the cost of building a structure and setting up the new Board of Directors by a wide margin. So, it’s a great reason to set up a business and expand it even beyond the great benefits of secession planning.

What are you doing to grow your business? Have you brought in an outside perspective? Are you really taking advantage of others that can help you make your business bigger? Join us in the comments below and let us know your thoughts.

Make sure you download our free checklist to assess your business. 

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Sootyangel .

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

 

 

Five Steps to a Good Plan

Posted on: May 26th, 2017 by R. Shawn McBride No Comments

Plans need to be robust and realistic. Or they’re apt to fail.

Over time I’ve found that people get caught up in the planning process, even paralyzed by all the work that goes into planning. I can help. Here are my five steps to help you figure out what you need to do to make your plan succeed.

# 1 Dream. Where do you want to go?

# 2 Determine. What steps do you need to get there?

# 3 Change. What needs to be done differently to get you there? If you were capable of being there now, you would be. So you need to think about changing your abilities and skills, the people you associate with, and most everything around you.

# 4 Time. You know the steps to get to your destination and you know the changes you need to make. Set a timeline to get them done.

# 5 Adjust. Now that you look at all this from a global level, you may need to make adjustments to the first four steps. Add or delete steps. Reset the timeline. Keep an open mind and learn as you go along to make it all work together.

What’s your experience with planning? Have you been challenged with this? What have you done to make plans that work? Join us in the comments below.

Make sure you download our free checklist to assess your business. 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion, and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Helmut Gevert.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

Updating Buy/Sell Part 4 Disability

Posted on: May 25th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke on a series about updating your buy/sell, part four. Here is the transcript: https://www.facebook.com/rshawnmcbridepublic/videos/1497097720322129/

Good morning folks, R. Shawn McBride with you here live, talking about our continuing series on updating your buy/sells and what do you do. If you’ve tuned in earlier, you’ve seen us and we’re talking about buy/sell arrangements and what do we do with these buy/sell agreements. How do we make them advance, how do we make sure that we’ve got the right buy/sells? As I discussed earlier, many business owners have buy/sells that are out of date. It’s a real problem today in the world we’re at because people don’t update these things. They do them one time – they think they file them away, they don’t think about them until something bad happens, and I’ll tell you, when something bad happens, people come running to me, we’ve got a real problem.

If you haven’t seen our earlier videos, go to R. Shawn McBride public page on Facebook, you can see them there, you can see them on our YouTube channel. If you’re updating a buy/sell and you’re looking for that next piece, one of the things you need to deal with is disability. We talked yesterday about death, the fact that an owner could die and we’ve got to figure out ways to deal with that.

Another real possibility is an owner can become disabled, so if you’ve got multiple owners in your business, what happens if somebody gets disabled? Now the truth is, this can put more financial pressure on a business than a death. A death is terrible, if somebody dies, they’re no longer there, we’ve got to figure out how to buy out their estate. And if we don’t put those kind of plans in place, we’ve got a stranger coming into a business. Perhaps a spouse, perhaps children, grandchildren, somebody unusual is coming into the business and the partnership has completely changed.

If somebody gets disabled, we’ve got a double problem. A disabled person probably has medical bills and income needs and they’re expecting to get money from the partnership. But the partnership no longer has the services of that person. They’re no longer there making the calls, dealing with customers, doing the administrative things, providing the skill set that they had originally. In some way shape or form, that partner was helping the business and they’re no longer there. So now we have an income or expense problem, a labor problem as well, so we’ve got a compounded problem. Disability can be a real issue.

We need to have up-front conversations about what are we going to do if one of the partners is unable to work, how are we going to continue the business and how are we going to make it work? These are things to be dealt with up-front. If we wait until these problems happen, we can have a real problem, we can destroy a business. So let’s get these conversations going, let’s talk about them. Let’s put plans in place, whether it be with insurance, time payouts, other things we really want to get ahead of this. This is another issue to get ahead of. If you’ve missed this video series, check out the earlier videos because we’ve kind of been walking through some of this stuff, so we’re going to continue tomorrow. So if you’re new to this, tune in tomorrow but we’ll be talking throughout the series about the different events. If you’ve missed them, go to the R. Shawn McBride public page on Facebook, like it, see the prior videos, go to our YouTube channel on McBride for Business.

If these are the kind of issues that are keeping you up at night, check out the McBride for Business blog, where we talk about these. Love working with groups and organizations that get these things right, whether it be a group of business owners or working one on one with a particular business owner. But if you’re starting to think that your buy/sells aren’t right, let’s start talking about a plan on how to get them right and how to get you to the place you need to be. And one of the things you need to talk about is disability. I’ll be joining you tomorrow, we’ll be talking about another aspect of your buy/sell agreements and more to look out for. Let me know how I can help you, reach out to me, R. Shawn McBride and I’ll be talking to you again soon.

Make sure you download our free checklist to assess your business:  www.mcbrideforbusiness.com/BlogGift

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Steve Knight.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment (www.rshawnmcbridelive.com/3laws), gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web at www.mcbrideforbusiness.com, www.rshawnmcbridelive.com/3laws

Get Shawn’s latest book: www.mcbridebook.com

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook: https://www.facebook.com/mcbrideforbusiness/?fref=ts

 

 

 

 

Is a Band-Aid Enough for Your Business Problem?

Posted on: May 25th, 2017 by R. Shawn McBride No Comments

Problems crop up in business. The question is, how do we solve them? Is a Band-Aid enough or is there something more serious that needs attention? Do we need a long-term solution or is a temporary fix enough? Truth is, there might not be a right or wrong answer.

Sometimes a bandage is all you need, especially if you’re in the process of change. If you’re building something bigger and a problem with the old system pops up, you may need only a Band-Aid. But you want to make sure you’re doing the right thing for the long term.

If you find you’re often looking for a bandage, it’s going to get expensive and cost you big problems. Think strategically. How does the bandage benefit the business? Is it part of the solution or are you simply punting the problem down the way? Have your team think of this as well. It’s a good idea to think about what type of solutions are needed. You don’t always need a big solution. You don’t always need a perfect solution. Sometimes you just need a workable solution to get you through the next couple of weeks. Sometimes you need a bigger solution that will keep you going indefinitely.

The key is to make sure your team works on the right scale. We don’t want one person building a permanent solution to what another person perceives as a temporary problem. Stay coordinated. Work together. Make sure team members are on the same page, thinking of short-term bandages and long-term foundations. Work in agreement.

What’s you experience with this? Have you had a mismatch with your teammates about who’s doing what? What are you doing to make sure everybody is on the same page? Join us in the comments below.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion, and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Christian Svensson.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.