Business Managers

Today I’m bringing you a little excerpt from a brand new article over at BudgetsAreSexy.com, and it is now officially one of my all-time favorites.  The author is actually Shannon McLay from Financially-Blonde.com, and she absolutely nails it when it comes to one of the biggest and most hard-hitting questions you can ask a potential financial advisor.

Normally I would jump in here and give you an intro to that, but I’m going to save my comments for the end instead, because I think you’ll enjoy Shannon’s insights, unfettered, first.

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A Business Valuation Blog?  Not Today, Check Out This Craziness…

Alright, so I honestly set out today to write a bit about the concept of BUSINESS VALUATION,  a very important facet for some of my clients who run their own enterprises.  It’s a big deal (there are entire companies devoted to business valuation), but as I started my search for inspiration today, I instead uncovered one of the strangest stories I’ve ever seen, coming from the pages of a Wall Street Journal blog no less.  If you think I’m exaggerating, let me share the first sentence I read, the one that immediately pulled me in:

“How can a social network that no one has ever heard of suddenly be valued at more than $6 billion?”

Now that’ll wake you up, right?  6 BILLION! 

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 I know this often comes across as simply common sense, but you might be surprised how often people speed through the opening step to your eventual financial freedom, retirement, etc., which is selecting the right financial advisor for your needs.  You’re essentially preparing to build a house, and starting with a solid foundation is of the utmost importance.  You wouldn’t put a house down on muddy, unstable swampland, right?  Get the foundation right, and the rest of the process will move more smoothly, with a greater sense of stability as well. 

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