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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Dec 10, 2019

 

Your business is your world. And as owners and CEOs, you’re responsible for creating the businesses that are benefiting communities and adding value to the world every day. Once established, it’s only natural that you want to nurture and protect it at all costs, but by holding back and not taking risks, are you giving your business the breathing space it needs to truly grow and thrive? No matter what stage your business is in, it’s important to reflect on how experience and experimentation shape your values and progress moving forward.

In today’s episode, I explain the importance of letting your business grow and explore the idea of raising your business like you would your child. I discuss the various stages of business growth and how they are similar to raising children. I also explain how these stages help your organization grow and mature and explain why it’s critical to have an exit strategy in place so you can fulfill your legacy.

 

 

 

“Just like raising our children, businesses are going to go through stages of development.” - Colleen O’Connell-Campbell

 

 

Today on I’m A Millionaire...So, Now What?:

  • The value and process of letting your business grow so you can become autonomous
  • How to incorporate the next generation into your business plans
  • The stages of business growth and development
  • Determining the legacy of your business
  • How to achieve a cash-rich exit from your business in the next ten years

 

 

Resources Mentioned:

 

 

 

 

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Are you ready to double your net worth? Ready to create your roadmap to riches or get your financial life back on track? Join me for a Prosperity Discovery Session today! Let’s unlock your roadmap to riches so you can begin to live your life to the fullest. To book your Prosperity Discovery Session, email me at colleen.campbell@rbc.com to request a free questionnaire and let’s begin your roadmap to riches now!

 

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