I have seen firsthand how important life insurance is when a tragedy of losing one's spouse occurs. Thankfully, in our particular situation, we had conducted our annual review with our life insurance advisor a year before he died, made sure our life insurance coverage was still adequate and updated our wills with our lawyer.
When one is in business it can sometimes feel like you are on a desert island; alone, adrift and not quite certain what the escape plan should be. What used to seem like plenty of time nine months ago is now a case of, "Holy you-know-what! I only have less than three months left of the year!" and one or more of the following issues is raising their ugly head
My first husband passed away suddenly at the age of 39 and in 60 seconds, I became a widow with a 12-and-a-half-year-old daughter. I never intended to remarry but time and divine intervention had other plans for me. I remarried. This brought with it a myriad of important things we needed to discuss and consider.
I think just about everyone thought that Jordan Spieth (including Jordan himself) was going to win his second Masters and become part of golf history this past weekend. That was until the 12th hole and the longest thirty minutes of a young man's life. As the world watched him struggle on the back nine and make a valiant attempt to recover, some parallels between golf and business struck me.
How critically important would it be for you to be in control if life as you know it changes this spring? Remember -- you can prepare now while you are of sound mind and body, or you can pay later. Which one would be your preference?
One of the things that entrepreneurs often find challenging during the summer is staying focused and on track. Many have confessed to me that one day off for a break led to two, which led to three, which led to weeks off in some cases. Now, they are dreading trying to get the engine up and running again so that September is not a write-off.
Being in business reminds me of dating and marriage. When you are first considering going into business for yourself, I liken it to the dating phase. When you decide to take that leap of faith, explore the opportunity thoroughly, decide it is right for you and walk down the aisle to open your business it is akin to taking that next step and making a long-term commitment.
While for many the holidays are the most wonderful time of the year, for others, they are dreading the oncoming festivities because they may mark the 1st, 5th or 50th season without a loved one. No matter what denomination they are or what holiday they celebrate, there is one common factor that binds all of them together: someone they loved is gone.
All too often I hear unnecessary stories of families fighting for control, trying to make decisions they have no authority to make and almost coming to blows because a loved one is ill and there are no directives in place granting permission for care. In some cases, plans had been made but had not been reviewed for years and were outdated.