A great entrepreneur can come from anywhere. Some come out of thin air and create success that nobody could have expected. I always wonder what drives other people to embrace their entrepreneurial spirit. Was it a teacher that inspired them? Did they have a role model...
All of the effort and money in the world cannot buy you more time. As a father and a CEO, I am acutely aware that there are only so many hours in the day. I find it important to remember that there will never be enough time to give. Please do not take this as a grim...
Did you have all the answers when you were twenty years old? I certainly didn’t. Looking back on our younger selves, it can feel like we are remembering a stranger. We don’t wear the same clothes or listen to the same music, yet we trust plans we made before we knew...
When we talk about Bitcoin, I cannot help but note a pronounced generation gap. My parents would likely say, “What is it and why would we ever give up currency and banks for something that can’t be seen or measured objectively?” Or, perhaps, “What is Bitcoin?” My...
You may have heard the recent press about Apple intentionally slowing down older iPhones without advising its customers. Whether the news was founded or unfounded, its announcement created quite the backlash against the company. This is a good reminder for us that...
A client sent me a message one day that changed my life. He told me that he had just heard about captive insurance and wanted to see what I thought about opening a captive for his business. I had never heard of captive insurance but I told him I would look into it for...
Anyone who has founded a business appreciates how much time, effort, and expertise is required to make it successful. Establishing a captive insurance company is no different; you might be tempted to throw up your hands and forgo it. After all, insurance is not your...
A New York Times article examining the benefits of captive insurance opened with this admission: “Every so often I come across a financial strategy that sounds too good to be true. That was how I felt when I heard about the increased use of captive insurance companies...
Imagine the dilemma facing Frederic Mylett Reiss, a property insurance engineer and insurance broker hired by Youngstown Sheet and Tube steel company to reduce their insurance costs in 1955. At the time, the company was reeling from labor strife and skyrocketing...