When it comes to building a solid financial foundation, one of the core elements is a savings account. A traditional savings account is a great way to keep your money safe, however, consumers are often looking for better ways to grow their money while keeping it secure, often with a high-yield savings account (HYSA).
This article, “Merit or Inherit: How to Approach Succession in a Family Business,” written by Josh Baron, Senior Lecturer at Harvard Business School and Co-Founder/Senior Advisor at BanyanGlobal, and originally published by HBR.org, describes a path to succession using a blend of both the “merit model” and the “inherit model." Using both models is far more likely to set the next generation of family members up to succeed.
For many students returning to high school this month, the typical curriculum usually includes classes like Math, Science, and English, mixed with some elective classes students need to take to meet graduation requirements. What usually isn’t included are personal finance classes. According to a report from April 2023, only 18 states guarantee a form of personal finance education before graduation.
To brand or not to brand; it’s a very good question. No, we’re not discussing a soliloquy from Shakespeare, but an important decision that family businesses must make when strategizing for the future. Being the economic powerhouse they are, it makes good financial sense that family businesses wouldn’t leave something as critical as their business branding to chance.
Whether for a first-generation entrepreneur or an established family business, an inventive spirit is at the core of building and preserving a long-term legacy. Some of the world’s most iconic and enduring companies began simply by combining ingenuity and determination to improve the quality of everyday life of their customers.
Inflation and higher prices of good and services are still affecting many consumer’s wallets. According to a recent report, nearly 39% of Americans have a side hustle, or a second job that’s used for supplemental income. And, for many of these Americans, their side hustle isn’t for fun money, but instead the profit is used to help them make ends meet. Fortunately, if you’re looking for some ways to bring in extra cash, there are numerous ways to boost your income.
The hustle and bustle of the busy summer traveling season can be overwhelming. Taking your vacation or weekend trip during peak vacation times can result in crowded airports, higher gas prices, and congested vacation spots. Scheduling your travel plans for after the busy summer traveling season can help reduce stress-related travel and allow you to enjoy your trip.