PROFIT magazine is a favourite read of mine.  They do a great job of profiling the entrepreneurial sector in this country and every issue is chock full of lessons, success stories and business ideas. 

Selling Your Baby is an in-depth article published by PROFIT about the trials and tribulations some entrepreneurs face in selling their businesses.  It's shocking and sad when you think about the economic value that is destroyed - not to mention the many people affected - when businesses fall into the wrong hands.  

Although the article was published in March, it just won Gold at the National Magazine Awards last week.  Which I thought made it worth repeating.  Read through it and you'll also notice we added our two cents to the subject.

 

A few weeks ago, my colleague David Lloyd wrote about how much money is needed for retirement. Most people have a number in their head. Maybe it's sufficient. The next question is, how do you make sure you meet this number?

As a business owner, you have a unique savings opportunity you may not even know about. It's called an Individual Pension Plan.

Imagine for a moment, the federal government gave you the opportunity to create a corporate pension plan, just for you. A plan that would provide you with dependable income in retirement - much like that enjoyed by teachers or civil servants - funded by your corporation.

How would you design the plan? Maybe something like this?...

 

Art: for love and money

 

Last week, we hosted another of our Inside the Tent events (a series of evenings where we invite some of our clients and special guests to hear from other successful entrepreneurs and thought leaders from our network on topics of mutual interest).

Our theme for the evening was art appreciation and insight from the perspective of three different entrepreneurs in the art world: gallery owner, art consultant and artist.

The event was held at the fabulous gallery of our friend and neighbour, Nicholas Metivier. Art consultant, Robin Anthony offered advice on how to start building a collection. And special guest of the evening, John Hartman, one of Canada's best known contemporary artists, thrilled us with an advance look at his new works (the official exhibit opened Thursday May 27th and runs until June 19).

 

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ABOUT US

Newport Private Wealth is a financial advisory firm based in Toronto, Ontario, Canada. We work with affluent families, with specialized expertise in serving high net worthMORE...