WEALTH BUILDING SERVICES FOR BUSINESS CLIENTS …
Strategies to Increase Net Income
“The emphasis in strategies to increase net income is to focus on what you have and how you market that, or realize the value of it in a business rather than just continuing on the same path.
“A simple example would be: a client rents spaces at a large outdoor vendor market. One of the by-products of his business is parking. We convinced the client to charge for parking, and now he makes three times as much from parking as he does from the rental of spaces.
“Another example involved a divorced.couple. A client had a marriage that he felt wasn’t working and wanted to get out of the marriage but wanted to be fair to his wife and kids and asked me to help him work out an effective strategy, but not anything that would be deceitful to the other spouse.
“That was in December.
“Three months later, the wife came in and said she wanted the same thing and she wanted to work on doing it economically.
“There was a medical practice and a bunch of real estate investments. As a first step, we recommended the wife go back to college and finish her college degree so that she would have an education. She did that, and it took two and a half years.
“Next, we reallocated their investments from all growth to some cash flow, so they had some cash flow when the separation came about. We took the medical practice and we created clarity about what it was worth based on other practices.
Later, when it was time for the divorce, we knew what the practice was worth, we had the wife educated so she could go back to work, and we had the assets properly allocated so they produced income rather than being a growth investment, because we needed to make more cash available. This allowed them to have a successful divorce and actually a good relationship between both parties over a long period.”
~ Orlando Antonini
Posted by jrantonini 