How business owners can look beyond their company to create wealth | GLOBE AND MAIL X RICHTER
In the recent “How business owners can look beyond their company to create wealth” article, in collaboration with The Globe and Mail, our partner Brett Miller, shared pivotal insights about managing growing wealth once a business has hit a certain level of success and maturity.
This article covers what happens when successful entrepreneurs move from building their businesses to managing the wealth they’ve created, what we call the Diversification Stage. When entrepreneurs reach a certain level of success, their businesses generate profits that fund both their professional and personal lives, expertly navigating this stage is critical to long-term corporate and personal wealth creation.
One of the key takeaways is that successful business owners, as their businesses mature, need to have a strategic approach to diversification and a structure to manage their growing wealth.