That “90% Fail” stat…

When it comes to starting your own company, you shouldn’t automatically believe conventional wisdom.

Case in point: 

How many times have you heard the statistic: “90% of all startup companies fail.”

It’s a chilling number. In fact, it’s more than likely made more than a few would-be entrepreneurs rethink their dreams.

Trouble is – it’s not true. Not even close.

Global investment firm Cambridge Associates did some number-crunching on the actual performance of venture investments for the twenty year period between 1990 and 2010.  In their analysis of 27,259 startups, they found that the failure rate of startups did not rise above 60% since 2001.  Even during the atrocious dot-com debacle of 2000, the failure rate was 79%.

So, YES, the odds against succeeding in business are tough… 

But nowhere near as tough as you might’ve imagined. 

So why does this 90% number persist in the common imagination?

The likely answer: it makes those business owners who failed feel better.

In truth, opportunity’s there for those who seek it out with passion and perseverance. 

Bottom line – if you have a dream, don’t let conventional wisdom hold you back from achieving it. Make smart decisions and give it your best shot. 

Of course, having a solid financial foundation in place makes shooting for the moon with your own venture a whole lot less stressful. Whether you’re staring your own business, or simply working hard to build a career, there’s no time like now get that foundation on a solid footing.  Call us at 610-695-8748 to schedule a free portfolio review today. 


Nobody ever got fired for this…

“Now hiring” signs are a pretty common sight these days, which is definitely a good thing.

But – 

Getting that job is one thing. 

Keeping it’s another.

I thought of this the other day when I ran across an article on sales techniques for closing the deal on high end, very expensive software/hardware products and services to big name enterprises.

Here's one quote from the article that stood out to me:

"Research shows that in hard times, customers buy safety. In the recession of the 1980s, IBM took market share from its competitors even though their products were generally agreed to be overpriced and under-featured. IBM succeeded by training its people not to sell technology but to sell safety. Its slogan, ‘Nobody ever got fired for buying IBM’, became famous."

Even though that slogan is over 3 decades old, the primal urge that drove it remains solidly intact.  Guarding what we have – our jobs, possessions, home, and wealth – takes priority when planning for tomorrow.

The optimal financial plan is one where your portfolio is kept as safe as possible from shocks to the economy, while keeping the door open to high value opportunities as they emerge.

Our team is focused on providing you with the safest, wisest plan possible in helping you achieve your dreams. Give us a call at 610-695-8748 to schedule your complimentary portfolio review today.

Disinheriting Your Ex-Spouse

Disinheriting Your Ex-Spouse

When I was a kid, my mom loved to watch soap operas.  Another World was her favorite.  


I’d watch from time to time, especially when I was homesick.  


Every show had a least one character that gets married and divorce about every two years.


Of course, multiple marriages are much more the norm today.


Aside from marrying the ex-spouse, the biggest mistake many make is the failure to disinherit the louse/shrew.

Why You Shouldn’t Hire Me

Why You Shouldn’t Hire Me

A friend of mine recently took up playing the guitar.  I give him credit.  He’s completely tone-deaf and sings like a goat. But that didn’t stop him. 

He told me about his instructor: “She’s tough.  I had to sell her to take me on and not the other way around.  I had to commit to practicing every day.  She said she isn’t interested in working with students who aren’t serious.”  

The Fear of Retirement

The Fear of Retirement

I recently came across an article about a college professor who taught retirement planning.  Now he’s getting ready to retire himself, and he shares some insights.  


Personally, I found them quite refreshing because they echo the very sentiments I’ve shared for years.


It’s emotional.  As he puts it, “The idea you don’t have a paycheck anymore is rather terrifying.”

When is it time to panic?

When is it time to panic?

By nature, I’m a rather optimistic person.

Sure, bad news happens, but there’s no denying that over time the overall quality of life for most just keeps getting better.

Just think of what life was like before modern technology and healthcare.

Life before refrigerators and cell phones (okay, maybe it was better before cell phones).

The “Smart” Engineer

The “Smart” Engineer

Recently a friend of mine shared a story I just have to relay to you.

Like me, he’s a financial advisor.

About 20 years ago he met an engineer retiring from General Electric.

In the 1990’s, GE was the hottest company in the world.  It’s chairman, Jack Welch, had the Midas Touch.  In a bad year, the company’s stock grew by 20%.

In his last ten years of work, this engineer’s portfolio had tripled.  

It’s the Ad for YOU

It’s the Ad for YOU

Even if you’re self-employed or own your own business, there’s still a chance that at some point you’re going to want to polish up your resume. 

Nobody likes writing resumes – they’re essentially the “story problems” of the business world.  But they’re still a vital part of any job search effort. They’re the Ad for YOU.

Waste Not, Want Not

Waste Not, Want Not

Some experts estimate the average US family of four wastes up to $2,000 or more per year on food they buy but don’t eat.

Given that nearly 70% of Americans can’t afford even a $1000 emergency bill, becoming smarter in how we manage our eating expenses just makes good sense. Here are a few ideas on how to make those food dollars stretch:

Don’t do this here…

Complaining about government is a time-honored tradition pretty much no matter where you live.  It’s just a fact of life that the folks in power are going to do some things that just don’t seem to make sense.

Quite often, it boils down to a difference of opinion about this policy or that. But some ideas that actually turned into LAW can cause you to scratch your head in wonder. For example:

  • In Georgia according to an 1879 statute, it’s illegal to sell, give away, or even apprentice a child under 12 to a circus as a “performer (or in the service of the performance of) rope or wire walking, begging, or as a gymnast, contortionist, circus rider, acrobat or clown.” 

  • In Tennessee, it’s a Class C Misdemeanor to “import, possess or cause to be imported into this state any type of live skunk, or to sell, barter, exchange or otherwise transfer any live skunk.”  Zoos and some scientists do, however, get a pass.

  • Massachusetts – the birthplace of the American Revolution – makes singing or playing an incomplete rendition of the “Star Spangled Banner” punishable by a fine of no more than $100.  If you kick off with “Oh say can you see…” then to keep that C-Note in your pocket you’d better keep going all the way through to “… and the home of the brave.” 

  • Finally, my favorite – in Connecticut, state law requires that for a pickle to deemed legally labeled as such, it must be able to bounce. No bounce, no dill. 

Laws come and go, which is why it’s important to monitor your financial portfolio to make sure you’re not only in compliance, you’re taking advantage of any opportunities recent legislation may well offer. Call 610-695-8748 or book online at today and let’s discuss ways to make sure your plan is exactly where it needs to be.