Tag: Entrepreneur

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The Business of Family Business With Josh Ackerman (Ep. 42)

The Business of Family Business With Josh Ackerman (Ep. 42)

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How can you navigate the complexities of transitioning a family business to the next generation?

Today on Money Is Emotional, Financial Dignity® Coach, Christine Luken, sits down with Financial Life Planner™ and host of Transition Talks: Business Exit & Retirement Strategies, Josh Ackerman, who shares invaluable insights on handling the financial and emotional aspects of passing a family business to the next generation. Learn why treating your children fairly doesn’t always mean treating them equally and discover the essential conversations to have early on.

Join Christine and Josh to hear real-life experiences about what goes into creating a seamless handover, maintaining family harmony, and planning for the future. 

Top takeaways include:

  • Why Josh decided to join his father’s financial services firm, Context Financial
  • The biggest and most common pitfall in business transitions
  • Why treating your children fairly may not always mean treating them equally
  • What business owners with young children should be thinking about 
  • And more

Resources:

Connect with Christine Luken: 

Connect with Josh Ackerman:

About Our Guest: 

Josh Ackerman, joined Context Financial in 2006 and became a Certified Financial Planner™ in 2009. Josh is a member of the Financial Planning Association, a national association that supports CFP® professionals, financial planners, academic leaders, students, and those who support the financial planning process. He is the host of Transition Talks: Business Exit & Retirement Strategies.

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Becoming a Profitable Landlord With Mark Dolfini (Ep. 34)

Becoming a Profitable Landlord With Mark Dolfini (Ep. 34)

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What does it take to turn a rough start into a triumphant success when investing in real estate? 

Get ready to listen to some of the most valuable lessons for aspiring landlords and real estate investors from Mark Dolfini, founder of Mark Dolfini Strategic Coaching and Landlord Coach.

Financial Dignity® Coach, Christine Luken, welcomes Mark Dolfini, a veteran of the US Marines, author, and a life and business strategist, onto the show today to share his story about becoming a successful real estate investor from a rocky start as a landlord. Mark addresses some common mistakes landlords make, such as underestimating expenses and overestimating income, leading to financial strain and personal stress. He emphasizes the importance of proper property underwriting, strategic planning, and budgeting for expenses like capital expenditures and vacancy rates. Mark gets real about his own plot twists, sharing a personal story of overworking, facing foreclosures, and hospitalization, highlighting the risks of mismanagement. But like any great story, there’s a silver lining! He concludes with advice on creating systems and processes for efficient property management, ensuring landlords can avoid creating unnecessary jobs for themselves and maintain profitability.

Mark talks about: 

  • His experience as a landlord and how he got into the real estate business
  • The most common mistakes landlords make that adversely affect the profitability of their business
  • Tips about being “time-wealthy” for any business owner
  • His VIP Method Course for Landlords
  • And more

Resources:

Connect with Christine Luken: 

Connect with Mark Dolfini:

About Our Guest: 

Mark Dolfini is a Strategic Life and Business Coach and founder of Mark Dolfini Strategic Coaching and Landlord Coach, LLC. Mark has an eclectic background starting from his time as a U.S. Marine. His professional experience includes accounting and banking fields, Commercial Underwriting, Commercial Lending and Loan Review, Residential Property Management, and  Real Estate Investments.

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