Tag: business entrepreneur financial advice

Right Time to Buy Life Insurance Series: Too Late Procuring Life Insurance

Right Time to Buy Life Insurance Series: Too Late Procuring Life Insurance

I’ll go straight into a short but rather unfortunate case study.  In 2003, I got introduced to Ritesh, a businessman who needed to procure Life Insurance cover worth US$ 2-3 million.  The bank had asked Ritesh to provide some form of collateral to be able to continue extending the credit facility that they had been extending to him for the…

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Employee Increments – Based on Tenure or Performance?

Employee Increments – Based on Tenure or Performance?

As business owners, our number one goal is most definitely to grow our revenues and profits, whether that be by an influx of service demand or due to process efficiencies in the business workflow. Let’s say we do achieve these goals and grow significantly every year, what then do we do about our team members, who’ve supported us and contributed to this growth? Employee…

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