A Crisis as Crucible

Aswath Damodaran has taught me much about business valuation. On July 16, 2020 he held a Masterclass focused on the markets titled, A Crisis as Crucible: COVID Lessons Learned, Unlearned and Relearned. The first 47 minutes of this Masterclass is brilliant. If you are an investor, advisor or business owner you will hear from someone…

Know Your Business Value

More than 90% of businesses have never have never had their business independently valued and every business owner asks themselves one question every morning, “Am I better off today than I was yesterday?”  Michael Carter who wrote the book “What’s Your Business Worth” says, “Knowing the value of a business can change the life of…

Partnership Revisited

Your business is your most important asset. You need advisors who are committed to delivering the right advice and the best answers. This is why at Marshall+Viliesis one of our Three Principles is Partnership. We know we can not deliver the best Business Value Protection Planning without other Financial Professionals, Attorneys and CPA’s. We agree…

Wicked Problems – #1

“I would not give a fig for the simplicity this side of complexity; but I would give my life for the simplicity the other side of complexity.”Supreme Court Justice Oliver Wendell Holmes Doug Marshall - August 13, 2020 There are easy problems and there are stubborn problems. Stubborn problems are Wicked Problems. Planning Problems are Wicked Problems. Business Value Protection Planning is a…

Wicked Problems – Rittel – Webber Paper 1973

Doug Marshall - August 12, 2020 In 1973 Horst W. J. Rittel and Melvin M Webber published a paper titled “Dilemmas in a General Theory of Planning.” This paper motivated me to begin a series of short posts about Wicked Problems and how understanding them can lead to better Business Value Protection Planning. I mentioned…

Your Business Succession Plan is Critical for a Solid Estate Plan

Your business is probably your largest single asset and you cannot have a workable Estate Plan without a solid Succession Plan in place. Your Estate Plan is not your Succession Plan and your Succession Plan is not your Estate Plan. Succession Planning is preparing for the day you exit your business and what the business…