Business
Building A Financial Services Business
The financial advisory landscape is often shrouded in complexity and insider jargon, making it challenging for outsiders to navigate. Yet, understanding how financial advisors build their practices and the underlying motivations driving their advice can vastly influence clients’ financial success. In this thought-provoking discussion, Phillip Ramsey and Arron Cramer of the Uncommon Wealth Podcast candidly…
Read MoreBusiness Acquisition
Maybe you are a business owner already. That’s awesome. Owning a business is a source of so many avenues for building wealth. But have you ever thought about buying other businesses? If so, what kinds of businesses would you consider? When a company has excess cash reserves on hand, it is a great problem to…
Read MoreWhat is Your Business Debt Elimination Strategy?
When you have cash on hand in a business, one part of your treasury reserve strategy should be debt reduction. A balance of working capital, debt reduction, and short-term investment is a much better use of that cash than just a pile of it sitting in a savings account. So how should your business deal…
Read MoreShould Cryptocurrency be Part of your Corporate Treasury Strategy?
Could cryptocurrency fit into your strategy for managing your short-term cash on hand? We’re in the middle of a series of articles about how businesses can best utilize their cash reserves—building a comprehensive corporate treasury strategy. Crypto Basics We believe cryptocurrency can be part of that strategy. Cryptocurrency is a method of banking. Cryptocurrency is…
Read MoreHow Your Business Can Use Uncommon Banking
Uncommon Banking is our term for using a guaranteed whole life insurance policy as your own personal bank by using the cash value of the policy. If you have been following our work, you have probably heard us mention it—often! It is a powerful tool in personal finance, but it can also be a powerful…
Read MoreShould Your Company Use a Brokerage Account?
We have been running into a challenge faced by many business owners lately: what to do with excess cash on hand. From weathering COVID-19 well, PPP funds, and potentially EIDL loans, there are a lot of corporations sitting on excess cash. Previously, we defined excess cash or reserves as cash above what your monthly reserve…
Read MoreHow Should You Manage Corporate Savings or Cash?
In our conversations with business owners, a topic that keeps coming up is how to manage excess cash on hand. While we have a lot to say about how to manage the profits of your business, the obvious starting point is savings. How much should you have on hand, and what should it be earmarked…
Read MoreCorporate Treasury Has Never Been More Important
When it comes to corporate roles, treasury is not one that gets a lot of attention. But it is this role and the department they manage that guides a company’s strategic use of excess liquidity—your cash on hand. If anything, the importance of the treasury function has grown in this low-interest-rate environment we’ve had over the past…
Read MoreIs Your Company Sitting on Excess Cash?
It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for your business in a way…
Read MoreBusiness Organization – Exit Strategies
Some financial planners focus on keeping your money from you until retirement but at Uncommon Wealth Partners, we focus on helping you leverage your gifts to build wealth you can get your hands on before the magical age of 59.5. Running a business is one of the ways we’ve seen people leverage their gifts to…
Read MoreBusiness Organization – Succession Planning
It is one of the most famous quotes from business guru Stephen Covey, “Begin with the end in mind”. It’s one of those enduring 7 habits of successful people. It may sound strange when you are starting a business, but succession planning is a very important aspect of a business plan. And it’s impossible to…
Read MoreBusiness Organization – Business Loans
Whether you are just starting out or you are ready to take your business to the next level, sometimes you need an infusion of capital and at that moment, it might be time to consider a business loan. Banks are not in the habit of just handing you money when you ask nicely for it.…
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