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JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

Book a FREE 15 minutes Skype Consultation with JMD live

Skype: jmdlive

 

 

Is your future and the future of your family secured?

Why do I need a formal business transition plan?
A formal business transition plan puts your goals, priorities and strategies in place for a successful transition to face the future. Without a clearly defined plan, business owners are leaving their personal and financial future to chance.

I am not sure I am ready to transition out of my business. How do I know when the time is right?
Transitioning out of your business is all about setting and reaching goals. Have you accomplished what you set out to do with your business? Do you have dreams of doing things other than running your current business? Answering these questions will tell you if the time is right to implement a formal business transition plan.

I know my business better than anyone else; why shouldn’t I handle my transition plan and process myself?
Business and personal transition are a complex and personally time consuming and challenging processes that are very difficult to handle by yourself and get it right. Most transition processes involve emotional, fiscal and risk management issues requiring a team of professionals familiar with these areas to take care of them.

Who are the experts on a transition team?
Depending on what phase you are currently in, any of the following professionals may be involved: Accountants, Certified Financial Planners, Lawyers, Business Consultants, Business Brokers, Bankers and so on. To achieve a successful transition plan, all the work required from all the professionals involved shall be coordinated by a Corporate Strategist Expert well familiarized in all the activity fields involved.

Why do I need a transition team?
Simple: you want to maximize your assets. You need experts in every area to help you get the most cash for yourself and your business. Using a transition team will cut down on the enormous amount of time you would otherwise have to spend planning, marketing, talking, negotiating and working to find a potential buyer or partner who might otherwise end up walking away. Unless you have been through a merger, acquisition or divestiture, transition planning and execution are unlike anything you have ever done before.

Why shouldn’t I hire an investment banker or any single professional to handle my transition process?
Other than SSTM, there is no national firm or individual that handles every aspect of a business or personal transition process. And if you have cost issues, you should do a comparison.

Where can I find these experts?
Even if you have an accountant, broker or financial advisor, they may not be uniquely qualified to assist you with the transition. You need experts focused on business transitioning. SSTM will work with you and your team of trusted advisors to identify and provide you with the best choices for each expert.

What information do I need to prepare for my transition?

  • Financial documents:
    • A minimum of five years of financial documents
    • Audited financials for three years
    • Pro-forma sales and cash flows for two years out
    • Three years of taxes
    • Company insurance documents
    • Personal financial information (account statements, complete copies of federal and state tax returns, estate documents)
  • Customer lists (shows history of longevity)
  • Vendor lists and relationships
  • Operational systems and procedures for everyone and every part of your business
  • Legal corporate documents
  • Contracts with vendors, suppliers, customers and clients
  • Intellectual property rights and assets

How long does it take to complete a successful transition process?
Typically, depending on your goals, expectations, the nature and size of your business a successful transition process may be completed inside a time-frame of SIX months to FIVE years.

What if I have already completed some parts of the process?
SSTM can become involved at any point of your transition. Our experts will review the work you have already completed, provide recommendations and take the necessary actions to keep or get you on the right track. Even if you have completed your transition, our certified financial planners can help with wealth management.

How do I get started?
The four phases of proper business transition planning are:

  1. Pre-Sale Phase
  2. Positioning for Sale
  3. Transaction Phase
  4. Wealth Management

Following the above Four Phases of a Successful Business Transition Plan, SSTM uses the following process to guide you through your transition.

  • Data gathering
  • Initial Expert Team Consultation
  • Selection of your team
  • Creation and Execution of the Transition Plan
  • Successful completion of the transaction
  • Wealth management system put in place for a secure financial future

SSTM, helping companies successfully complete business transitions.

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

The real message is that people need to get more engaged in planning what they want their future to look like.

The magic number for retirement savings in Canada is $756,000 and, while that is the average amount Canadians believe they need to save for retirement, up to 90 per cent do not have a formal plan on how to get there.

A majority of Canadians, 53 per cent, are not sure whether they are saving enough during their work years. 37 per cent are not even thinking about retirement, pretexting they just cannot save.

This situation is even worse for women: only 22 per cent have a formal retirement plan or even have a good idea of how much income they will need, versus 32 per cent of men. By age fifty-five, 43 per cent of women and 27 per cent of men lack a retirement and transition plan. The real message buried in these statistics is that people need to get more engaged in planning what they want their future to look like.

There is no longer a magic age 65 or 55 when we are all going to quit work cold turkey and do something completely different. We are living longer, and a prosperous middle-class is realizing that retirement is about the journey, not the destination.

The same is to be said about all business owners. The average organization has undergone five enterprise changes in the past three years and 73 per cent of organizations expect more change initiatives in the next few years. Unfortunately, many organizations fail to implement change effectively. In fact, only a third of change efforts are clear successes, 16 per cent show mixed results, and half of them are clear failures.

Today, people of all ages, men and women, all business owners and all business organizations need to get more engaged in planning what they want their future to look like. The problem: most people are wearing to many hats and are overwhelmed with daily responsibilities and accountabilities so that by age 55 or 65 fewer people can afford to retire to enjoy what could have been their preferred future.

You are looking forward to maximize your assets, your business is growing fast and you need to adapt, you are thinking about retirement, SSTM, in collaboration with JMD Systemics and Succession Transition Strategies, helps you to succeed with the challenging process of business and personal transition.

Let us help you maximize your assets and secure the best possible future:

FOR YOU, YOUR WAY.

We Bring the Experts to the Table

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

Follow JMDlive on Twitter, Facebook, JMDlive.com, The Futurist Daily News, JMDsystemics.com, SSTM.solutions and TumblrWarrior For Common Sense

 

Book a FREE 15 minutes Skype Consultation with JMDlive 

EMPOWERING YOURSELF Has Nothing To Do With HAVING time. It Is Everything About MAKING Time.

Get your priorities straight!

How are you supposed to know the right path when you have no idea where you want to go or what you want to do?

Setting goals that are important to you is the first step to getting your priorities straight. Once you know what you really want to achieve, it is really easy to prioritize everything in your life and the only thing you ever need to ask yourself before considering doing anything is: “How is this helping me achieve my goals?”

Starting your day checking your emails or chatting at the coffee machine will make it hard for you to gather the focus and motivation you need to tackle your most important tasks and projects at hand later in the day.

It does not matter WHEN you wake up. What matters is what you do when you wake up, what you do with the first two to three hours of your day. Putting in the work towards your goals will help you win the day early.

Postponing your most important tasks until later in the day will dramatically increase the likelihood of not getting them done at all.

JMD

Michael Dennis is a former Corporate and Business Law Attorney, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense & Free Speech helping you achieve greatness.

Follow JMDlive on:

Twitter, Facebook, JMDlive.com, The Futurist Daily News, JMDsystemics.com, Bunkumless.com, Pinterest and Tumblr.

Book a FREE 15 minutes Skype Consultation with JMDlive

 

Get Your Priorities Straight!

How on earth are you supposed to know the right path when you have no idea where you want to go or what you want to do?

Setting goals that are important to you is the first step to getting your priorities straight. Once you know what you really want to achieve, it is really easy to prioritize everything in your life and the only thing you ever need to ask yourself before considering doing anything is: “How is this helping me achieve my goals?”

If you say “YES” to everything, you don’t have any priorities. You get distracted and will never achieve any of your life goals. If you say “YES” to the wrong things, you go against your life priorities.

Saying “NO” over and over again to everything that is distracting you from your life aligned priorities is the only way to empower yourself and entitle you to live the life of your dreams, to live your preferred future.

Obvious instant-gratification activities like sitting in front of the TV set, partying for the sake of partying, unrelated goals meetings, calls, articles or online courses that will never help you achieve your goals are to be barred from your agenda or “To Do” list.

Starting your day checking your emails or chatting at the coffee machine will make it hard for you to gather the focus and motivation you need to tackle your most important tasks and projects at hand later in the day.

It does not matter WHEN you wake up. What matters is what you do when you wake up, what you do with the first two to three hours of your day. Putting in the work towards your goals will help you win the day early.

Postponing your most important tasks until later in the day will dramatically increase the likelihood of not getting them done at all.

JMD

J. Michael Dennis is a former Corporate and Business Law Attorney, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense & Free Speech helping you achieve greatness.

Follow JMDlive on:

Twitter, Facebook, JMDlive.com, The Futurist Daily News, JMDsystemics.com, Bunkumless.com, Pinterest and Tumblr.

FREE Consultation:

Book a FREE 15 minutes Skype Consultation with JMDlive

 

“All reinvention requires change. But not all changes are a reinvention”

Most people want to be better. They want to live better lives, be happier, and have better relationships. But most people are horrible at execution and not everyone get the opportunity to reinvent themselves.

If you are in your thirties and you did not already met success, chances are, if you don’t decide to reinvent yourself now, that you will never be successful at anything.

The difference between change and reinvention

All reinvention requires change. But not all changes are a reinvention.

You lose your job; your spouse dies; you suffer a critical injury; you make a drastic personal or professional mistake; your girlfriend dumps you; your boyfriend or spouse is cheating on you, these are examples of situations that call for “Reactive Reinvention”.

Reactive reinvention occurs when an external event occurs and forces you to change in order to move forward. The event being irreversible, you cannot go backward.

You want a new job; you want to start a business; you want to live healthier; you want to run a marathon; you want to learn a new skill; you want to start a new relationship; you want to do something that you have never done before; you want to do something that no one has ever done before, this is the land of visionaries, romantics and entrepreneurs, who believe that there is a better way to live. This is the land of “Proactive Reinvention

Proactive reinvention is the land of visionaries, romantics and entrepreneurs where you intentionally change your way of life in order to capitalize on a trend or an opportunity.

There is also the land of failure; the land of “Reflective Reinvention”. Reflective reinvention occurs when you fail at something, but you still have a strong desire to continue in that particular endeavour.

You fail at launching a new business or finishing first in this athletic competition, but you still have this strong desire to win, to be this successful entrepreneur. You fail repeatedly; you fail over and over, but you still have that strong desire to make it.

At this stage, the key to reinvention and transformation at this stage is: to “Change Something About Yourself and the only way to change this something about yourself is to reflect on your situation and then, to make the required necessary changes in yourself that will allow you to win.

What would be your best possible strategy for 2018?

You want to change, you want to reinvent yourself! You need to find out what would be the best possible strategy that will work for you.

If you are in a situation where you need to “Reactively Reinvent Yourself”, you will be facing and having to deal with an enormous amount of negative energy motivation and emotions. You will have to channel all this negative energy into an activity that will motivate you without harming you.

If you are in a situation where you need to “Reflectively Reinvent Yourself”, you will need to look for information, data, answers and insights from outside yourself. You will have to admit that you do not have all the answers and that you may be hampered by your own vision.

In most situations, if you are unhappy about the way you live, the way things are going in your life, if you are struggling through life, instead of blaming everybody else other than yourself for your mishaps and miseries, you will need to either “Change Things About Yourself” or more often, to “Totally Reinvent Yourself”.

All reinvention requires change. But not all changes are a reinvention.

You want to know more about “Change” and “Reinvention”!

JMD

jmdlive

JMDLIVE Strategic Planning and Systemic Thinking

Owner of Bunkumless.com and JMDsystemics.com, JMD is a former attorney Corporate Strategist and Professional Problem Solver, a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  

Follow JMD @ jmdlive

 

increase-your-income

Growing your business doesn’t always mean that you have to increase your expenses.

More often than not you already have everything you need to take your business and company to the next level.

The tricky part is finding and unveiling your unknown resources and figuring out where to allocate them for maximum impact.

Maximizing your profits is simply a matter of being smart about your resources.

This is the challenge that inspired me to create Bunkumless.com, a new corporate, business and entrepreneurial platform that shows you exactly where you may be leaking money, and where there is room for improvement.

Need a fast overview of how things are going?

Check my Free Introduction Offer. There’s no pitch. Nothing to buy. It’s pure content. I am simply giving you free access to a Skype Consultation Service

This is your opportunity, your day-to-day ticket to keeping your finger on the pulse, enabling you to make informed decisions.

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

Free Consultation

 

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“It is not the size of a man but the size of his heart that matters.”

—Evander Holyfield

What makes great? What are the principles that underlie mastery across fields and capabilities?

The principles below are universal and supported by both science and the experience of individuals who are on top of their respective fields.

1) Sleep!

Sleep is one of the most productive things you can do. Always make sure to have enough sleep time. Sleep deprivation is short-changing your physical, psychological, and emotional performance.

2) Physical activity

Physical activity is essential and integral to priming the mind for creative thinking and problem solving. Keep exercising on a daily basis. Have a walk, play golf, do something you like.

3) Seek out “Just-Manageable” challenges

The only way to grow is to step outside of your comfort zone. While your activities shouldn’t stress you, or make you anxious, they should leave you with a feeling of slight uncertainty. You grow from partaking in “just-manageable” challenges. Elevate your game.

4) Stress + Rest = Growth

The universal growth equation requires not only that you challenge yourself, but also that you take time to recover. Follow especially challenging activities with periods of recovery and recuperation. Physical Activity will help.

5) Cultivate purpose: Find a meaningful “why” for your work. Focus on something beyond yourself. Thinking less about yourself and more about others is one of the best ways to elevate your game.

6) Carefully design your day

Be as intentional as you can about when you do what you do. Don’t waste your peak hours on more or less useful activities such as browsing social media or answering email.

7) Surround yourself with only “Good People”

Avoid toxic people. Actively seek out successful high performers and do everything you can to work with them. The people with whom you spend your time have an enormous influence on your life. They most definitely shape your life.

8) Own your story and learn to say it well

Be constructive in the stories you tell yourself and others about yourself. We truly become our stories.

9)Respond” rather than “React”

Resist the urge to instantly react to everything thrown at you. Instead, take a deep-breath, evaluate the situation, and only then, thoughtfully and strategically respond. When the going gets tough, rather than panic, have a calm conversation: pause to separate yourself from whatever emotion you are feeling and only then move forward.

Just try this and tell me about it.

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

 

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knowledge

“Knowledge, unless you apply it, does not, and will never make you more efficient, influential, powerful or successful.”

Today, thanks to the instant access to the internet, everyone can now study and learn from home. The tremendous quantity of information available online provide anyone with the best ever opportunity to broaden his knowledge in every sphere of activity one can imagine.

For who is starting a new project or new business, the magnitude and quality of information available online literally invites the new entrepreneur, before anything else, to gather as much intelligence as possible related to his undertaking. Ultimately, delaying all productive action, the new entrepreneur is ending up trying to be everywhere, reading and trying to do everything that is suggested or recommended by the so-called pundits.

Reading everything you can get your hands on, listening to every single podcast you can download, taking every online course you can afford, learning how to write the best possible resume; how to land the job of your dreams; how to launch a successful business or new product; how to create the greatest blog and website; how to write and publish a new book is not going to help you whatsoever. Ultimately, doing everything except taking action, you do not start or achieve anything. All those activities do not and will never take you anywhere close to whatever you wish to accomplish.

The key to power, greater achievement and success is not excessive expertise, but the ability to use it. Knowledge is absolutely worthless unless it is applied. The truth is that no matter how extensive your knowledge, there will always be obstacles and unexpected circumstances that you will have to face. There will always be issues that never have been described or covered in any book. And, one day or another, you will be ending up having to deal with situations no one ever has met before. These are the days where you will have to show some initiative and creativity, having to look for solutions and make decisions that no one probably has ever thought of.

While constantly looking for new sources of information and content, nothing is being done. Thanks to the Internet, learning has now become a major social trend and major form of procrastination. Constant researching, learning, planning, thinking, rethinking and visualization will not accomplish anything other than letting you spinning in your tracks and leaving you stranded in the place you are now. You will never start, even less accomplish or finish, anything. Only actions will drive you where you wish or want to be.

My point is that for anyone that have read even only these three books: “The Bible”, “The Prince” and “How to Win Friends and Influence People”, there is no need for further learning. You already have and know everything you need to know to live the life of your dreams and achieve power and success. There is nothing more you need to learn in order to take the first step. Stop reading everything that has been written, stop listening to everyone that has something to say.

Everything has been written, everything has been said centuries ago. There is nothing new under the sun. Read “The Bible”, read “The Prince”, read Machiavelli, read “How to Win Friends and Influence People”, read Carnegie, maybe Zig Ziegler and stop right there. Start writing your own book, the book of your own life. Take action now, turn your unstoppable procrastination into unstoppable action and start learning from your own experience.

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

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Kellie-Pickler-Power-of-Words-Quote_620

“Never underestimate the power of your words”

Kellie Pickler

“This situation is just impossible” “I will never figure this out?” “There is no way I could ever succeed” There is no way this could ever work” “This situation is hopeless”… etc.

All such words that you pronounce are most definitely conveying nothing else than desperation, victimization; and you are asking me why your sky is so dark?

Let it be known that it is a well-established fact that your subconscious interprets what it hears very literally. For better or worse, the words you think and speak create your reality. It is through language that you bring your reality into being.

The words you speak are, are their core, a self-fulfilling prophecy. Whatever direction your words lead, your mind and body will follow. You want to feel more love, joy, time, peace, friendship, influence, accomplishment, or control? Stop thinking and speaking in ways that limit what you can accomplish, who you can become and your day-to-day experience of life; Speak and think only that which you truly desire to become your daily reality. Continually making declarations about yourself or your circumstances that echo hopelessness, fear, anxiety and pessimism will only shape your reality in a negative way. The way you talk definitely and absolutely impacts the perception that others may have of you, how they will treat and value you.

You want to be perceived as a “powerful trustworthy individual” that can steer change and deliver results? Start talking the talk and stop sabotaging you life and jeopardizing your future by your own words: Power up your language, rewire your brain and reshape your negative patterns of thought and behaviour. The only thing standing between you and the preferred future you always dreamed of is the way you think, the way you talk about yourself.

You want a better tomorrow?

Start focusing on the words you speak and be vigilant: avoid speaking in terms that convey negativism and lack of confidence; speak in terms that convey confidence and commitment. Always speak in a positive way about yourself, about everything and rephrase all problems or difficulties into learning and growth opportunities. If you slip, no problem! Recommit and start again; each second of your life provides a second chance:

There is always a second chance to better yourself but never a second chance to make a first good impression.

JMD

jmdlive@live.ca

Michel Ouellette JMD [jmdlive.com] is a Public Affairs & Communications Strategist, a miracle worker for entrepreneurs, executives and social innovators.