Why a Behavioral Finance Coach
As a principal of the Affinity Group, LLC, I am often asked, “What exactly does it mean when you say you are a Behavioral Finance Coach?” I can understand the question, as there is big line up of “coaches” around right now that are not part of a sports team. Many seek to help people achieve success, or realize their dreams.
Interesting enough, as Behavioral Finance Coaches, we focus on the results of success, and more importantly on solving the problems that can arise from being highly successful. It is all about behavior.
Far too often, highly successful business people put off crucial decisions because they aren't urgent. Let me share a story
Fred ran his very successful company for over 30 years. He built it into a powerhouse, grossing over 50 million per year. Sally, his wife of over 40 years raised their kids and managed their home. As Fred was such an astute businessman, she assumed he had taken care of everything and she had nothing to worry about.
Many times, the attributes and characteristics that drive business owners like yourself to great success may also cause them to take, or ignore unnecessary risks. Let me share with you some of the statements I have so often heard from fellow business owners.
“My business is like my child”
Translation: I can't possibly see it objectively.
Much like we all think our child is the cutest, the smartest or the best athlete, so too do many business owners think their business is the one that stands head and shoulders above their competitor’s. They believe that the employees will never leave, and that the busi- ness will sell for full value the day they are ready to retire. Perhaps a triumph of hope over reality?
On March 30th, Nick Preddice of the Affinity Group
sponsored and moderated the official launch of:
FUTURE UNKNOWN: THE AMERICAN FAMILY BUSINESS
in collaboration with the Entrepeneurship Center of
the School of Business at Mount St. Mary College,
A study being conducted by Nicholas Preddice and associate researchers and writers in collaboration with the Mount. St. Mary College Business Department
Nick, far right, with the panelists who are
long standing family business owners in the
From Left: Alan Zuckerman, Verticon
Construction Services; Mike Arnoff, Arnoff
Moving and Storage; Paul Daubman Jr. and
Paul Daubman Sr., Daubman Office
Environments and Justin Zuckerman, Verticon
CALL FOR FAMILY BUSINESS OWNERS
We are seeking family business owners who have note-worthy and thought provoking personal stories who are willing to be interviewed;
With all permissions in place, selected interviews and discussions will be published with conclusions drawn by known experts on the American family business from organizations such as The Family Business Institute, as well as from contributors to such publications as Forbes, Success, Inc. and The Harvard Review.
If you are interested please contact Susan Valentine at 845-728-1289. or email: SNValentine@verizon.net