| QUOTES from the
Masters... |
| On Getting Started |
On Goals |
| "Each
indecision brings its own delays and days are lost lamenting over lost
days...What you can do or think you can do, begin it. For boldness has
magic, power, and genius in it." -- Johann
Wolfgang von Goethe
"Think
big, start small." -– Patricia
Fripp
"Your
present circumstances don't determine where you can go; they merely
determine
where you start." –- Nido
Qubein
"The
most important key to achieving great success is to decide upon your
goal
and launch, get started, take action, move." -– Brian Tracy
|
"All
things are created twice. There's a mental or first creation, and a
physical
or second creation of all things. You have to make sure that the
blueprint,
the first creation, is really what you want, that you've thought
everything
through. Then you put it into bricks and mortar. Each day you go to the
construction shed and pull out the blueprint to get marching orders for
the day. You begin with the end in mind." -- Stephen
Covey
"The
ultimate reason for setting goals is to entice you to become the person
it takes to achieve them." -– Jim
Rohn
|
|
Do You Know
What a Forced Liquidation Can Do to the Value of Your Business?
If liquidation is
forced on a disabled business owner or on the executor of a deceased
business
owner, it can quickly become public knowledge that there is pressure to
dispose of the business, and these results can be anticipated:
- Sale of business
assets
at greatly reduced prices.
- Elimination of
the disabled
business owner's or surviving family's primary source of income.
- Sacrifice of any
goodwill
value that might have facilitated sale of the business as a going
concern.
- Difficulty in
collecting
accounts receivable.
- Immediate demand
by
creditors for settlement of their claims.
- Possible
liquidation
of other estate assets to pay business debts.
The liquidation value
of a business is unpredictable and may be substantially less than the
value
of the business as a going concern.
The
Alternative...A Planned Liquidation:
In some situations,
the liquidation of a business interest at an owner's death or
disability
may not be just an appropriate decision. It may, in fact, be the
only possible outcome under either of these circumstances:
- The success of
the business
is completely dependent on the personal skill and experience of the
owner.
- There is no
successor
management in the form of a capable family member, a co-owner, a key
employee
interested in purchasing the business or an outside buyer.
| In these
circumstances, the question then becomes:
Will the liquidation
take place on a forced basis, or will it be planned in advance to allow for
the most advantageous disposition possible?
|
When liquidation
of the business at an owner's death or disability is the only viable
alternative,
the primary objective should be to plan in advance for an orderly
liquidation
that results in the greatest possible value for the disabled owner or
surviving
family. Please contact my office if we can help.
|
| MESSAGES
from
the Masters... |
FACING
THE ENEMIES WITHIN by Jim Rohn
We
are not born with courage, but neither are we born with fear.
Maybe
some of our fears are brought on by our own experiences, by what
someone
has told you, by what you've read in the papers. Some fears are valid,
like walking alone in a bad part of town at two o'clock in the morning.
But once you learn to avoid that situation, you won't need to live in
fear
of it.
Fears,
even the most basic ones, can totally destroy our ambitions. Fear can
destroy
fortunes. Fear can destroy relationships. Fear, if left unchecked, can
destroy our lives. Fear is one of the many enemies lurking inside
us.
Let
me tell you about five of the other enemies we face from within.
The
first enemy that you've got to destroy before it destroys you is
indifference.
What a tragic disease this is. "Ho-hum, let it slide. I'll just
drift
along." Here's one problem with drifting: you can't drift your way to
the
top of the mountain.
The
second enemy we face is indecision. Indecision is the thief of
opportunity
and enterprise. It will steal your chances for a better future. Take a
sword to this enemy.
The
third enemy inside is doubt. Sure, there's room for healthy
skepticism.
You can't believe everything. But you also can't let doubt take over.
Many
people doubt the past, doubt the future, doubt each other, doubt the
government,
doubt the possibilities and doubt the opportunities. Worse of all, they
doubt themselves. I'm telling you, doubt will destroy your life
and
your chances of success. It will empty both your bank account and your
heart. Doubt is an enemy Go after it. Get rid of it.
The
fourth enemy within is worry. We've all got to worry some.
Just
don't let it conquer you. Instead, let it alarm you. Worry can be
useful.
If you step off the curb in New York City and a taxi is coming, you've
got to worry. But you can't let worry loose like a mad dog that drives
you into a small corner. Here's what you've got to do with your
worries:
drive them into a small corner. Whatever is out to get you, you've got
to get it. Whatever is pushing on you, you've got to push back.
The
fifth interior enemy is over-caution. It is the timid approach to
life.
Timidity is not a virtue; it's an illness. If you let it go, it'll
conquer
you. Timid people don't get promoted. They don't advance and grow and
become
powerful in the marketplace. You've got to avoid over-caution.
Do
battle with the enemy. Do battle with your fears. Build your courage to
fight what's holding you back, what's keeping you from your goals and
dreams.
Be courageous in your life and in your pursuit of the things you want
and
the person you want to become.
To
Your Success,
Jim
Rohn
|
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|
