100 Year Company Blog
Anne and I came home from our round the world trip in 1979 with $300 in traveller’s cheques and a $270 Visa bill, net worth thirty bucks (but it was all in cash).
I was born in Oslo. In recent years I’ve grown to know and admire the city I left as a small child. I have travelled the world in my adult life, seen every continent except Africa (it’s on the list) and enjoyed the people and the variety of cultures that give richness to life, around the world and in the social mosaic of Canada.
Perhaps more than anywhere else I know, Oslo is a people city, where history and culture combine with modern conveniences and a richness of international cultures brought home by Norwegian travelers since the age of the Vikings.
Lost in the day-to-day?
Too busy trying to stay ahead of the bankers, bureaucrats and competition to think about succession or any kind of planning?
There is a basic business rule that says that your worth to your business is equal to what you would pay someone else to do your job.
In more practical terms, if the work you’re doing is clerical then you should be paying yourself clerical wages – a better solution would be to hire someone to do that work giving you time to work on more valuable things.
There was a battle going on inside me last year that took more than enough energy. It wasn’t an illness it was the emotional battle that follows the sale of a business.
While the battle roared inside me there were times when I could stand outside myself, examine the emotions that occupied me and realize what an invaluable lesson I was learning as someone who works in the business succession and family wealth marketplace.
I was experiencing the emotional side of leaving the business. It was hard and fascinating, painful and instructive at the same time.
I was driving to a seminar recently when a radio report advised me that the road ahead was blocked as the result of a serious accident. I listened and felt relief that my exit would be well before the accident, it should not hold me up.
A short time later the radio voice announced that someone had driven their car into the back of stopped transport truck. Details were sketchy but it was believed the driver of the car was a man, in his thirties and he had died instantly.