Why did this Celebrity Mom Leave Her High Profile Job?

After reading the news this week.  You may have noticed that Elisabeth Hasselbeck will be leaving Fox & Friends to raise her family.

Whoa!

That is a pretty big career move!  Is that your first reaction?

Stepping out of a career like that.  Why in the world would you do that?

None of business and not my point.

My point.  People make big decisions to change up their life everyday!

As it is that time of year where you are probably spending time around family and friends more than usual.  Something to consider about if you are leaning in the direction of a big career change.

I lived hours away from my home area for several years.  Missed many of holidays, many birthdays and family gatherings.  Calling to say Hi or Congrats on the phone just isn’t the same.  If a loved one passes or becomes ill, you can never get that time back.

The choice you make is less money but more memories.

What is your choice going to be?  Cold hard cash?  Warm loving memories?

4 Staggering Tips that Will Benefit You Before Quitting Your Day Job

3rd Part of my 8 Part Series – Leaving the Working World, Are you Really Prepared?

Do you own multiple homes?

How many vehicles you own? Luxury cars?

Toys? Rv’s, boats, yachts, ATV’s, UTV’s, motorcyles?

How many lessons and sports activities are you children in?

Have you started saving for child’s college fund yet?

Have you ever figured out what it is costing you to live?  Well, if you and your spouse are both pulling in six figure incomes and you are thinking about making a lifestyle change such as downsizing or retiring.  You really need to consider what you are spending.

Let’s begin with what it really cost to live.

  1. Health Insurance – When we decided to take the gigantic leap.  We figured $20,000-$30,000 per year as costs rise.  If you are self-employed, you can take it as a tax deduction.  In 2016 alone, our premium increased $2000.00 alone.  (Remember I am not planning on Medicare being around and have years before I get there.  Also, don’t forget you will need a supplemental insurance.  If you are you use to good coverage.)
  2. Mortgage – Debt free is awesome!  Are you?  According to an article by Victoria StilwellRetiring Boomers Still Have Mortgages to Pay Down  The majority of Americans 65  and older are still paying off a mortgage rose to 30 percent in 2011 compared to 22 percent in 2001.
  3. Taxes – Will your drop down a bracket?  This is something to consider.
  4. Cost to Live – let me break down your cost of living.  Can you do it?
  • Housing                   35%
  • Utilities                      5%
  • Food                        7.5%
  • Transportation     15 %
  • Clothing                   5%
  • Healthcare             15%
  • Savings                    5%
  • Personal                  5%
  • Debts                       5%
  • Charitable Gifts   ?

These are just percentages that you can play with but it gives you realistic values.

The cost of living will be unique to each individual.  Some people may have a mortgage while others may not large portion of income go transportation as they use public transportation.  You also will realize that certain items in life will no longer be necessary such as an expense wardrobe.

When you start playing with the numbers.  This is a true test.

How serious are you about leaving your six figure job to take care of your family, move back to your hometown, start a business of your own or semi-retire? 

 

 

3 Tips to Stay Humble, It’s Not Hard

A person can achieve everything by being simple and humble.

-Rig Veda

 

As this is the week of Thanksgiving, I am writing this for my partner.   We have experienced what many couples will not experience in their entire lifetime.  We can do what many partners cannot.   Work together side by side, day by day. I have a personality that is explosive.  I don’t hold back much.  I am aggressive and a powerhouse.  My partner on the other hand has  a beautiful soul who is also very humble.  When I met him he didn’t really have a penny to his name.  His first business was the cattle business and that didn’t go so well when he came into it they were at all time lows so he made a business decision and got out before he lost his farm.  He moved back to his hometown and swallowed his pride and reinvented himself.  He aggressively continued to build his father’s business.  He did well and the reward was the sale of the business.  If you met my husband, he is humble.  Have you ever met a truly humble person?  First of all it is rare.  Three things I have learned from my humble husband.

  1. Selflessness, this is an amazing trait, one that you just don’t find in today’s society, so many people are in a give me mode.  They forget it is better to give to receive.  He will put his life on hold to help others in need.   He doesn’t look at what he is going to get back.  That’s Selflessness.
  2.  You Make Mistakes, this is a great one.  I struggled with several of our employees never coming forward on their mistakes.  I always stated we had Casper the Ghost flying around our facility.  If you don’t make a mistake, you will never learn.  How do you think you learn?  Mistakes in turn make you a better person.
  3. The Golden Rule, saving the best for last, my husband is so great at this “Kill Them With Kindness!”  I am more of the “Go Pound Sand” type but we both couldn’t be alike!

I remember the first years my husband and I were together we didn’t have anything and were just enjoying life and working hard for a living.   When you are humble you don’t forget where you came from.  I am thankful that I was raised on a dairy farm and hope to continue to set my roots in agriculture.  It is the best life to live.  Yes, many hours, but a great place to raise a family and teach a child morals and what work and life is truly about.  Are you humble?  Have you lost where you came from?  It can be difficult when you are in the fastlane.

4 Reasons to Quit Bitchin and Do Something With Your Life

One thing when you are successful.  People who don’t know your story. They think you have life delivered to you on a silver platter.  I will never forget when I had a good customer tell me that.  Since, I married into the business it didn’t get under my skin but definitely got under my husbands!

I love where I live but man when you move back to Timbuktu two it can be difficult because even though you may have lived in the area before.  You are an definitely an outsider.  And  people let you know it!  Here is something I have learned.

People who judge you by your past don’t belong in your present – Mandy Hale

I am so tired of people of asking,  so are your retired?  ( Really???) The audacity of people to say that?  I always wonder how uneducated could they be?  Do they never leave this town to see what the world has to offer? Do they ever turn on on a news channel or read the news? Haven’t they ever heard of Warren Buffet?

Just because you sell a business or change careers doesn’t mean you sit around sailing the world in a yacht.  Wouldn’t that get boring?   If you were aggressive before, the fire is still in you.  You just have changed gears.

So, if you are bitchin about life, here are a few tips:

  1. Stop judging and accept the issue you have with yourself.
  2. Take the energy you use to judge others and work on making yourself a better person.
  3. Educate yourself!  Pick up your smartphone and start reading the news, the internet is an open book USE IT!
  4. Face it, if you are not happy with life, fix it!  Most of us didn’t get what we had by being handed a silver platter!

So, for those who judge.  Look around.  I don’t drive a fancy car.  A matter fact one of my favorite vehicles is an old SUV!  If I could have my old 79 GMC back I would still drive it.  Hell, I don’t have time to own a boat or a fancy motorcycle.  I changed my life to spend time with family.   So, if you don’t like your life.  Stop judging.   Start educating yourself. Go to work and quit your bitchin!

 

7 Questions to Ask Yourself, Should I sell my business or stay? Are you faint-hearted?

Leaving the Working the World/Selling Your Business

Part 2 – Emotions

THIS ISN’T FOR THE FAINT-HEARTED

The process of the good life is not, I am convinced, for the faint-hearted.  It involves the stretching and growing of becoming more and more of one’s potentialities.  It involves the courage to be.  It means launching oneself fully into the stream of life.  Yet the deeply exciting thing about human beings is that when the individual is inwardly free, s/he chooses as the good life this process of becoming.

Carl Rogers

If you are considering leaving a career or selling your business.  You really need to consider the emotionally effect it will have on yourself and your family.  My husband and I spent years vacillating with the fact of selling our business and making a major LIFE and LIFESTYLE change.

FACT

According to the  Richard Parker article Industry Statistics Every Buyer Should Know, 80% of Listings of Don’t Sell and 50% of Listings Fall Through.

We were a very part of that statistic.  When you sell a business, a large corporation will come in look at financials and have a specific number in mind that they are willing to purchase your company for.  Keep in mind, corporate america does this everyday.  They have an entire department that travels around the world looking for assets that will make them profitable.   Don’t become frustrated if you are passed by or the offer is too low. It’s just business and the timing isn’t right.  I will discuss this process later on in my future blogs.

So, here are SEVEN things to consider during this emotional roller coaster.

  1. Are you ready to make a life altering decision?
    1. Think about it, you are the boss, are you ready to walk away from your personal comfort you have known for years?
    2. Don’t you just love walking in to your office, your assistant, your employees and know what has to be done?
    3. Do you really want to have to recreate life?
  2. If you work in a competitive industry where sales are involved, you may have to sign a non compete agreement.  If you are getting a strong value for your business, you probably are not going to fight that non-compete agreement.  What are you going to do once you are strapped from doing the thing you do best?  You do have a plan B, right?
  3. What happens if you would be offered the opportunity to work for the buyer?  Would you stay or would you go?
  4. The day you have to tell your employees you sold them out, get ready for a ride, because that is the day they quit working for you, especially if they are millennials.
  5. Are you ready for the buyer to come into your business and rip apart all of your years of hard labor?  Unless, you have been on the way out the door for awhile.  This is gut wrenching!
  6. Do you deal with customers on a day-to-day basis?  How are they going to handle the news?  Are they going to feel like you sold them out? What if they don’t like the buyer?  Be prepared for backlash.
  7. Are you ready for an onset of emotions?  Anxiety or depression?  This is a major life change.  You are on top of the world right now.  In a matter of time, you will be a nobody.  Can you handle that? Better yet, can your big old EGO handle it?

My husband and I have experienced each step in one way or another.  As our experience was over years not months.  So again this is not for the FAINT-HEARTED!

This is a wild ride and takes a pair of balls to get through.  For you gals out there, grow a pair because it will be a hell of ride!  I did.

28835 Days of My Life…The Legacy I Leave Behind

This past week I had the pleasure of attending an awards ceremony where they presented The Time You Have Left in Jellybeans by zefrank1.

This video has been out for a few years but when you watch out.  It really set a precedent for young and old.

It gives a child a dream and gives an adult a clear vision about how they are truly living their life.  I had never seen nor heard of this video until this past week.  It was like going to the Sunday sermon.  Someone plopped it right into my lap.  I had missed church on Sunday so maybe God was trying to tell me something.

Here are few things I learned:

  1. We spend 8477 days of our life sleeping
  2. We spend 1635 days eating, drinking, etc.
  3. We spend 3202 days working
  4. We spend 1099 days traveling or commuting
  5. We spend 2676 days watching TV (really?)
  6. We spend 1576 days doing household chores
  7. We spend 564 days caring for family
  8. We spend 671 days bathing, grooming, bathroom activities
  9. We spend 720 days on community activities such as religious activities and attending classes

Whoa!  That doesn’t give us much time left!  Everyday as I look into the beautiful valley I now live in.  I enjoy the rolling hills.  Watch the beautiful sunsets.  Look at the deer cross the creek during the day.  Watch the cattle come off pasture.  I enjoy life.  Life will go on.  We live off the land more than ever.  But what is so wrong with going back to a simple life.  I know what I want to do with the little time I have left.  Spend it with my parents, siblings, child and husband.  Live off the land.  In the end, no one cares how many dollars you made, what empire you built, it’s the legacy you leave behind.

I am convinced that the greatest legacy we can leave our children are happy memories: those precious moments so much like pebbles on the beach that are plucked from the white sand and placed in tiny boxes that lay undisturbed on tall shelves until one day they spill out and time repeats itself, with joy and sweet sadness, in the child now an adult.
~ Og Mandino

Watch the video below

7 Things to Consider When Selling Your Business

This is the beginning of my 8 Part Series on Leaving the Working World/Selling Your Business, Are You Really Prepared?

I had the opportunity to have a nice visit with my sister in-law today.  She did a similar thing over two years ago.  She left an incredible city and job that she loved.  She lived there for fifteen years.  She was well-known in her community and the industry she worked in.  When she moved to a different city and started a new job, she had the same emotions, came to the same realizations of what happens when you leave behind that incredible job and community you love.

So, if are thinking of making a big career change, major move or selling your business. This series is for you.

Today I will focus a bit more on business owners, when you are thinking of making that big move.

TIME & SECRECY

If you are contemplating exiting, retiring or just moving on.  The following is a list you need to consider.  Most of us don’t announce – HEY WE ARE SELLING OUR BUSINESS!   If we did, our precious clients would run for hills and never come back.   Our business was built on relationships so we didn’t want to destroy what we had as we never truly knew until the day the money was in the account if it would happen.

  1. Everyone must agree 100% that this is the right decision.  Family, partners, shareholders.  Remember multiple generations will be involved.
  2. Will you sell the business yourself?  Will you use a team that specializes selling businesses in your industry?  You must weigh the risks and benefits.
  3. You will have to have complete trust with your chosen team members that you expose the sale to.  You normally have at least one deal that falls through before a real sale is completed.  Secrecy is a must for seller and buyer.
  4. You will spend hundreds of hours getting it prepared for a legal team to sell it.  Yes, you.  You know the business.  Your attorneys and accountants don’t.  Plus do you want to pay them hundreds of dollars an hour to do legwork that you can pay an employee to do?  So, if you thought your road to not missing that baseball game of your son’s was getting easier, guess AGAIN!
  5. Are you willing to expose your confidential customer and business information to be exposed to your competition?  This will be requested by potential buyers.
  6. Are you willing to let your competition know your for sale?
  7. What if you change your mind and choose not to sell?  Now you just made your business public information.  Will your customers high tail and run?

Next week…Emotions…Leaving the Working World, Can you do it?