R. Shawn McBride Live

Posts for for July, 2017

Finding Your Blindspot in Plans

Posted on: July 31st, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about involving others with your plans, to get their perceptive.

Hey everyone, Shawn here with you. Talking about a very interesting issue which is, how do we make our plan stronger? I spend a lot of time talking about planning and we talk about how to build plans. And if you’ve seen my signature keynote, The Three Laws of Empowerment, we talk about preparing, planning and protecting. Really different phases of the planning process. But how do we make our plans really good? How do we test our plans to make sure they truly function the way we think they are?
Obviously, the first step is to do robust planning. Really think about the “what ifs,” consider what’s in there. Well once we come up with our plan, how do we make sure it really works? What I advocate is getting other people involved. The level of the person you get involved depends on the complexity and the technicality of your plans. But for most plans, you’re going to be able to involve other smart people, business-minded people, and you’re going to be able to test their plan. And it’s going to be a five step process.
#1 You want to make sure you have the plan in writing. This is you taking the plan and writing it down and reducing it to a written form. You’re going to find some things right when you write your plan down. You’re going to learn there were some things you missed, some things you can adjust and you’re going to make a better plan.
#2 You want to show it to somebody else.
#3 You’re going to ask them questions. Now, you want to be very careful about how you ask these questions. You don’t want to ask just, do you like my plan? Is this is a good plan? Because people are going to say the socially acceptable thing. Oh yeah, you did good a good job, it’s a good plan, excellent, great work. What you’re going to find out is in reality you have some holes in the plan. So you need to ask, what did you like about my plan? What didn’t you like about my plan? What would you differently if this was your plan? And you’re really going to dive into asking questions. Do you think my plan’s going to work? Really get into detail.
#4 You’re going to revise your plan based on what you learned.
#5 You’re going to repeat this process with either that same person again to fix to see if you caught the holes that they gave you, or with a new person. So it’s a written plan, you’re showing it to others, you’re collecting feedback. Now, of course, you want to make sure if there’s any sense of information there you’re careful about how you share it. But you’re going to share it with others, you’re going get feedback from it. And from that feedback you’re going to revise and update your plan.
So it’s really a methodical plan. But the key to really great plans that really work, is involving others. We do so much more together than we do individually. We talked about coaching and having people help you. Even the greatest people have coaches. You’re not going to be able to think about everything. But other people are going to help you think the things you’re not thinking about. Such a great way to improve your plans.
If these issues are resonating with you, if this is something you’re interested in, check out the McBride for Business Blog. We talk a lot about these types of issues and how to do better in business. McBride Attorneys Blog talks more about technical legal issues. Like the R. Shawn McBride public Facebook page. We’re bringing you videos, we’re building a community, we have people that are in there together working on these kinds of issues and we’re really getting this information out to you. So come be part of our community. Join us. Subscribe to the McBride for Business YouTube channel, get some of this information to you. And get your business valuation checklist at McBride for Business.
And if I can help you, if I can help you in some way, send me a message, let me know what’s going on. If there’s something that’s routine or whatever I’ll do a video for it. If it’s something more complex, maybe we can work something out. I love coaching groups, working one on one with folks, and speaking to organizations. We’re doing training on these things. I want to get plans that really work and there’s some things we can do better than what we’re doing now. So reach out to me and let me know what issues you’re facing and how I can help you and we’ll talk again soon. It’s Shawn signing off, I’ll talk with you all soon.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Andy Stafiniak.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

Check us out on the web.
Get Shawn’s latest book.
Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment
Like us on Facebook.

Questions to Ask Before Engaging in Battle

Posted on: July 31st, 2017 by R. Shawn McBride No Comments

If you’re like most successful people, you have problems.

The more you have going on in your day, the more likely you’re going to have a problem. Or problems. If you’re building something, you’ll have to deal with people who are unhappy with your message or your project. And the bigger your project and message grow, the more people will be opposed. You may have competitors who are a constant thorn in your side.

One key to success is to pick your battles. You need to make sure you understand whom you’re engaging and why. It needs to be strategic. Many of the people I know who have (so far) failed to achieve their goals are busily engaged in battles — not strategic battles — over small issues in the grand scheme.

I’ve heard people say you can learn the size of people by the size of their problems. I agree. People who struggle tend to fight small battles. Those who win and do amazing things fight big battles; their battles are uniformly crucial.

Are you taking the time to analyze your battles? Remove the emotion. Suck yourself out of the situation. Think about the global effect of what you do.  Is your “problem” worth a fight or should you cut your losses? It’s okay to walk away. It’s okay to focus on something greater. The question is: What are you doing? How are you building it and are you careful about what battles you fight?

Have you had this struggle? Has it been difficult to determine what battles to let go? What’s your strategy? Join us in the comments below.

Make sure you download our free checklist to assess your business.  

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Jesse Adams.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

 

The Three Laws of Empowerment for High Growth Companies

Posted on: July 28th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about empowering your employees.

Hey, folks, it’s Shawn here with you, and I want to talk to you about a real issue. If you’re a business owner or an HR manager, you’re probably pulling your hair out, wondering “How do I deal with all these employee issues?” and “Employees are not motivated, “and they don’t feel engaged,” and if you look at the surveys, Gallup tells us that’s definitely the case, right? Only about 30-some percent of U.S. employees are actively engaged at work. Most are disengaged. Some actually want to go against their employers, so we have a real crisis point in American business, but how do we get employees engaged? How do we get them to do more? We gotta create something that’s in their self-interest. We gotta create a win-win. We’ve got to get those employees wanting to come to work, right? Does this sound like something you’re dealing with?
How do you get more and more of your employees to want to come to work, to want to do more, to do the things that need to be done in your business to really grow and to have exceptional performance? Well, this is what I’ve come up with. After many, many years of working with The Three Laws of Empowerment for High Growth Companies, motivated business owners and seeing what they do great and how they’re executing on their plans, I’ve come up with principles that can be applied within an organization to get the employees engaged, talking about their plans, their dreams, executing on the things they want to do, which is going to create opportunity for everybody. When the employee’s engaged and working a plan and they see the big picture, we have an opportunity to get them really, really motivated, and great things happen for the employer.
Now, this is not for every employer, because it’s risky. You’re telling employees to take control of their life and their dreams. You may have some employees in your organization who figure out their life and their dream is not to work for you, but you know what? Cheaper to replace them now than to have them drag on your organization for a long time, and some of your employees, in fact, many of your employees that see this message are going to become more motivated, and they’re going to want to do more, and they’re going to see how benefiting you and the organization is going to help them and their life and their dream.
We’re really creating a win-win. Everybody’s rowing the same direction, so if you’re that HR manager, that business owner, and you’re struggling, and you’re trying to figure out “How do I do more?” “How do I build my business?” The Three Laws of Empowerment for High Growth Companies is really going to be your answer. It is a way to shake up the organization. Audiences love it. The rave reviews have come in. People have said it really causes them to think differently, and I want to work with you and your organization to make people think differently, whether it’s part of your sales training seminar that you have, your annual corporate retreat, or whether it’s coaching or training with your groups and organizations, we can work out something that works for you.
Check me out at www.yourbusinessspeaker.com and www.mcbrideforbusiness.com. A lot of great materials in there, and I would love to talk to you and your organization about getting something custom that really meets your needs and that gets your organization moving forward. I’m R. Shawn McBride, and I’m looking forward to talking to you soon.

Make sure you download our free checklist to assess your business. 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Kent Squires.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

Check us out on the web.
Get Shawn’s latest book.
Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment
Like us on Facebook.

A Question about Success to Ask Yourself

Posted on: July 28th, 2017 by R. Shawn McBride No Comments

You’re reading this because you want to succeed.

Don’t we all? We have goals and dreams. Your dream could be a specific car or a house on a beach or a certain marathon time or a desire to devote more time to a cause. It would seem everyone yearns for success.

But what are you doing to set yourself up to succeed?

Whether it’s people I know or people I’ve read about, it’s clear that most successful people don’t get that way overnight. Almost all tried and tried and tried and tried. They kept changing and adjusting whatever it was they were doing. The musicians who rehearsed and rehearsed, and played for a small or almost non-existent audiences until they made it big. The speakers who took their message to small crowds to polish the message and hone the oratory skills before finding a place on a prominent stage. The authors who wrote and were rejected and wrote some more, and then one day released a great book that shined the spotlight on them.

What steps are you taking to set yourself up for success? What are you building now that’s going to make you successful in the future? Join us in the comments below and let us know what you’re doing.

Make sure you download our free checklist to assess your business.  

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Michal Koralewski.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

Do You Need to Inspire Your Team? Can You Create More Engagement?

Posted on: July 27th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about empowering your team.

Hey, folks, it’s Shawn here with you. I’m going to be talking today about “Do you need to inspire your team?” This is almost not a question, right? We do need to inspire our teams, we need our teams to do more. The real question is how, what do we do? How do we get them engaged?
A tactic I use is all about empowerment. I talk about people being individuals, and as I’m building my team, and my organization, I’ve learned from so many other people what works well. We use jobs that are tailored to the person, and as we grow, we move people into positions that are more and more focused on their skills and their efforts and abilities, and we bring new people in to fill the holes. It’s all about empowerment, and it starts by knowing what your employees want to do with their lives and their futures.
When I talk to people about The 3 Laws of Empowerment for High-Growth Companies, one of the keys is that each employee needs to be executing on their plan for their lives and their dreams. When you have this happening across the board within your organization, you have an organization that can do more, that can grow, that can be inspired. Each employee needs to be taking ownership though. Gallup has told us that engagement is very, very low. We know that only about 30 percent of US employees, which is the highest in the world, by the way, only about 30 percent of US employees feel engaged. So we need to get our employees engaged, there’s no doubt about it.
If we want to have great organizations, we need people that are inspired to do more, and this starts with small organizations up to big organizations. My belief is, the best way to do this is to get people engaged for themselves, show their self-interests, show why their alignment between what they’re doing, and what the company is doing is going to cause great things to happen. That’s why we deliver the message of The 3 Laws of Empowerment for High-Growth Companies.
When I give this speech to people, we get great reviews, people love it because they feel like they’re in control, they know, they’re inspired to go back and think about their life plan, do the things they want to do. Little scary for the employer though because some employees may find their life plan includes a move away from that employer. I tell the employers don’t be scared because if you lose a few employees who are not aligning with you, they were going to be expensive employees and nobody was going to be happy anyway. So we want to really build that the right way.
So how do we do this? We get our teams aligned, we send this message out there that it’s okay to know your plans and know your future, and do the things that you want to do, because that causes alignment across the organization, and we can do more.
So are you empowering your employees? Are you doing the things you need to do to empower them? Only you can answer that question, I’d love to know what you’re thinking. So feel free to write in, I’d love to hear about what you’re doing to empower employees, and whether you feel like this is something you’re struggling with.
If this is a topic that resonating with you, check out our blog and our legal blog. Each one will help you with your organization to do more.
Check out the R. Shawn McBride public page, we talk about these and other issues related to owning and managing a business, and the McBride for Business YouTube channel has lots of videos like this that will help you as a business owner do more. So what can you do to inspire this action? You need to take this message home, and if that involves having me to come in as a speaker, or a trainer to your organization, I would love to talk about getting that setup. I love doing this for organizations. I like helping people, but I really like what it does for the business and the owners. It causes everybody to be happier, and that’s a great outcome. If I can help you with that journey, let me know, or feel free to reach out to me directly at McBride for Business 214-418-0258. Let me know how I can help you and your teams. Talk to you soon. R. Shawn McBride signing off.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Leonardo Almeida.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

Check us out on the web.
Get Shawn’s latest book.
Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment
Like us on Facebook.

Are Your Habits Impacting Your Profits?

Posted on: July 27th, 2017 by R. Shawn McBride No Comments

Let’s talk about habits.

If you’ve seen the film or read the book “The Secret,” you know of John Assaraf, an entrepreneur, and best-selling author. As I mentioned in a previous blog, I recently heard John speak. Though he’s not the only one out there preaching this message, we know it’s true, and we know it’s good to remind ourselves now and then: The things we do repeatedly are the things that will determine what happens in our lives.

When we develop skills and abilities, it’s because we take the time to do that. And what determines whether we put the time and energy into something? Our habits.

Successful people make time for the activities that make them successful. If you behave a certain way over and over, you get good at it. We talk about this in terms of captured power in a previous blog. When you build and develop a skill that is first-class and unique to you, you have a valuable asset that others don’t. You can utilize it for your benefit. You build that skill with habits that allow you to develop and deepen your aptitude.

The question is, what are your habits doing to you? We are all animals, and we’re all programmed through our lives to act certain ways. But we have the power to change our habits. As we change our habits and we change the things we do, our outcomes and the things that we are going to achieve change.

What are you doing to improve your habits? Have you had bad habits? What techniques have you used to break your habits? Join us in the comments below.

Make sure you download our free checklist to assess your business.  

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer John Boyer.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

Have You Found Your Point of Focus? Can You Compete on Something Different?

Posted on: July 26th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about focusing on your special skill set.
Hi folks, Shawn here with you today talking about your point of focus. Have you found your point of focus in your business, and if you haven’t, this may be a way to unlock unanticipated value. So many of us can do many things, right? Generally, we develop knowledge and skill sets that are unique to us and allow us to do many things; I know in my legal career I saw a whole variety of transactions. Almost everything I did touch on the ownership and control of the business, but there’s so many different aspects of that, so many different ways to finance a business, so many different things I saw that I built a large body of expertise. But what really sung to me was planning and building companies from the beginning and getting them right, particularly partnership agreements, when we have multiple owners coming together, or continuity planning, where we have one owner who’s looking at the fact that they may not be there forever.
So we build these types of things to do it right, and it’s what I am passionate with. But the question for you is, what’s your area of focus? What are you focusing on that’s driving value back to your business, and can you name it? Can you show it in short order to somebody; this is what I do and this is what I focus on, and is it clear to people what you focus on and how everything is interconnected.
It took a long time with me being an attorney, author, public speaker, business consultant, and all these different aspects, to explain to people everything about planning. But when people see it, they get it. I deliver it in the way that the client needs, whichever it works best for them in their situation. The same should be true for you; you should have a clear message of what your point of focus is, and you should focus deeply on it because you may have unlocked value from that. You may find new opportunities just because you are the go-to in that.
And of course, we talked about in earlier videos about being a thought leader. When you’re a thought leader, you get called upon to lead thought and to have deeper knowledge than others. So what is your area of focus and what are you doing?
If you’re struggling with this, reach out to me, The R. Shawn McBride public page on Facebook. Send me a message, let’s talk – let me know what you’re struggling with. If these issues are resonating with you, check out the McBride for Business blog or the McBride Attorney’s blog. Of course, like the R. Shawn McBride public page on Facebook so I can bring you more videos like this, share it out to your friends and like the McBride for Business YouTube channel. And finally, get the Business Valuation Checklist . It’s going to help you unlock the value in your business, know where you should be focusing, and get to the next level.
I’m R. Shawn McBride, I’m hoping to hear from you soon, I want to know what you’re struggling with, I want to know what’s going on out there in the business world, and I want to bring you content that helps you, whether it’s in these videos, in person one on one, or keynoting, let me know what you’re struggling with, and let me know how I can help you. R. Shawn McBride signing off.

Make sure you download our free checklist to assess your business.

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Erik Dungan.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

Check us out on the web.
Get Shawn’s latest book.
Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment
Like us on Facebook.

3 Tips for Attracting Business

Posted on: July 26th, 2017 by R. Shawn McBride No Comments

Be the business people want to do business with. That’s easy to say but hard to do.

We want to build a business and systems and process and brand that all work together to compel others to want to do business with us. We want to make sure they choose us. How do we do that? How do we build these systems and processes?

#1. We always want to be looking at our customers and their needs. This starts by understanding who our customer is. A well-run business knows not only who the customer is, but who the customer isn’t. By accepting only true customers, we change the nature of whom we deal with, hopefully for the better.

#2. We want to focus relentlessly on tailoring our business to those customers, once we understand who they are. If you try to serve too many customers, you may be a business that people avoid because you can’t be all thing to all people. The more hyper-focused you are, the better you do.

#3. Do little things for customers. Make sure they’re happy. Check in with them. Deliver the things that they care about. Don’t burden the customer with your needs; make sure you meet their needs, so it is clear to them that you want to help them achieve their goals.

The more your customers understand that you tailor your business to their needs, the more passionate they will be about your business.

What have you done to tailor your business to the customers’ needs? How are you becoming a business that other people want to do business with?

Comment below and let us know your thoughts and experiences.

Make sure you download our free checklist to assess your business.  

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Damian Searles .

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

Wish I Had Known Earlier to Be Me

Posted on: July 26th, 2017 by R. Shawn McBride No Comments

Be yourself and don’t apologize for it. The results may be profitable.

I’ve mentioned in previous blogs that I recently heard Bo Eason speak. He’s a former NFL star turned actor turned public speaker I found inspiring. In his speech, he was very physical. He used movement in his speech and made great eye contact so audience members felt connected to him. His catch line was, “Don’t apologize for your physicality.”

We can all learn from that. We do not need to apologize for who we are or what we are or how we are. It doesn’t mean we have to be overtly physical. It doesn’t mean we have to be any particular way. We have to be ourselves. We’ve talked in earlier blogs about building our tribe and how being yourself is critical to building that following, to having people impassioned about you, and to getting where you want to go.

As you’re empowering yourself, — preparing, planning, and protecting for your future — you want to do it in a way that’s authentic to you. This will make your plans easier to execute, more realistic, and more likely to succeed. I know I spent a period of my career apologizing for who I am by trying to be what other people wanted me to be rather than being truly and authentically myself.

Have you made this mistake? What have you learned about being truly and authentically yourself along your journey? Join us in the comments below and let us know about your experiences.

Make sure you download our free checklist to assess your business.  

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer creative daw.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

 

Check us out on the web.

Get Shawn’s latest book.

Add us on Twitter: @McBrideForBus #McbrideForBusiness #3LawsofEmpowerment

Like us on Facebook.

 

 

 

 

 

 

 

 

Are You a Frequent Investor? Have You Thought of the Risk of Being a Minority?

Posted on: July 25th, 2017 by R. Shawn McBride No Comments

R. Shawn McBride recently spoke about how to protect a minority investor.
Hey, folks, it’s Shawn here with you. Saying hi today and asking an important question. Are you a frequent investor? Do you invest in other people’s companies? And if you do, have you thought about the risks of being a minority investor?
We see it happen all too often. People are friends, they go into an investment together. They start building the business and then something happens. Maybe a divorce happens. Maybe there’s a death. Maybe there’s a disability. But what happens then as the business evolves? And if you’re a minority holder, what rights do you have? If you don’t negotiate for much up front, I can guarantee you the most standard LLC forms and documents, stuff that people are pulling from the internet were stuff prepared by the companies lawyers and probably doesn’t have a lot of protection for the minority investors. So if you’re making small investments in a lot of companies, there will be a time that’s going to happen when you’re probably going to hit a situation where you’re not going to have your expected outcome.
And what rights do you have? Most of these rights can be baked into the companies’ documents, whether it be the LLC agreement or shareholders agreement or in the case of a corporation or limited partnership agreement. We can build protections in there for minority partners if we get in early enough to negotiate them. If we wait until after the company is set up, it’s very difficult to get these protections in there. But if we get in early, we can build veto rights in there. We can build rights to sell the shares either back to the company or to a third party or do other strategies to make liquidity for that minority holder. So it’s probably something we want to be doing. It’s something we want to be getting ahead of. So we need to do the planning early.
So if you’re a minority investor, get a good lawyer on your side. Get somebody that’s looking at things from the right angle. It’s protecting you. It’s making sure that the “what if’” scenarios that might happen to your minority investment, protects you. And so you don’t end up left holding the bag if something bad happens with the company.
Is it something you’ve seen before? I would love to hear from you. Reach out to me. Send me a note. R. Shawn McBride. Like my fan page on Facebook. R. Shawn McBride public. Subscribe to YouTube channel at McBride for business. I want to pump this content out to you. I mean we’re creating great stuff based on community questions. And I want people to have access to this. We want to do business better.
Check out our blog at www.mcbrideforbusiness.com and www.mcbrideattorneys.com. Get your evaluation checklist at www.mcbrideforbusiness. And if I can help you in any way, let me know. I want to hear your questions. I want to see what they are. If we get enough questions on there we’ll create some content for it. Get it out there for you. But also if I can work with you one on one or with a group for some training or speaking, let me know. I want to help people with these things. It’s something I’m very passionate about. Let’s get to the next level folks. Let’s do the good things. Alright, Shawn McBride signing off with you. I will talk with all of you again soon.

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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Thad Zajdowicz.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

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