by Bill Byrne
I wrote a business classic in the 90’s…..which was published in multiple languages. Habits of Wealth offers 111 common sense, timeless professional and personal Habits that are as helpful today as they were then. And now, all the content is available to you. FREE. My purpose in releasing these Habits is to assist in your successes.
Language
🇺🇲
Publishing Since
1/2/2024
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1 available
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January 24, 2024
In this afterword segment, the host thanks the listeners for reading "Habits of Wealth" and congratulates them for making it to the end. The host then encourages the listeners to reflect on the habits discussed in the book and to share their thoughts. Listeners are asked to identify the most relevant and least relevant habits, express their interest in learning more about certain topics, and offer ideas for future writings or training sessions. The host also mentions the possibility of meeting the listeners during speaking engagements around the country and invites them to reach out for any assistance they may need. The conclusion emphasizes the listeners' turn to write.
January 24, 2024
In this episode, we focus on integrating personal and organizational planning to create and preserve wealth through entrepreneurial behavior. While creating wealth is important, it is equally crucial to ensure that it is preserved. To achieve this, we need to thoroughly review and align personal wills and trusts with business documents prepared during the business continuation planning process. Optimizing federal estate tax credits and considering alternatives like Living Trusts or Irrevocable Trusts can also help reduce probate expenses and provide liquidity for federal estate taxes. Many people create a will early in life but fail to update it as their financial situation changes. Just like how people tend to change their cars as their needs and success evolve, we should also consider updating our financial plans accordingly. This chapter offers valuable planning information that can be taken to a lawyer and insurance agent who meet the suggested selection criteria. They can then utilize this chapter as a foundation for creating tailored legal documents and funding recommendations that suit individual needs. The author emphasizes that achievement creates wealth, but it is planning that preserves it. The concepts discussed in this chapter have been successfully implemented to create and preserve wealth. By following these planning strategies, listeners can also experience financial success and security.
January 24, 2024
In this episode of "A Strategic Planning Short Course," the focus is on the tactical, or deliverable, phase of strategy planning. Three necessary pieces on the tactical side are discussed: what needs to be done, who will do it, and by when it needs to be completed. The episode also dives into organizational goals, objectives, and measurements. Goals are expressed in two to five brief conceptual sentences starting with "to be," such as being the best in providing customer delight or viewed as the best place to work. On the other hand, objectives consist of six to 14 "to do" statements related to specific items that need to be achieved, with measurements outlining the actions and responsible parties required to meet these objectives within specific timeframes. Once the strategic plan is in place, it is crucial to consult it consistently and frequently. Responsible parties should consult it weekly, while the planning group as a whole should review it quarterly. It is important for the plan to become an integral part of the organization's fabric and personality. The success of the plan is heavily dependent on following through with its implementation, which requires clear responsibility assignments, specific dates for completion, and continuous measurement and follow-up. Without effective planning and implementation, the risk of failure increases, and success becomes elusive. Planning is the key to achieving success and remaining competitive in the marketplace.
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