When I served my three tours of military duty in Southeast Asia, we used multiple layers of defensive methods, or multiple redundancy defenses, to protect an installation. For example, my job as a dog handler was to be the first level of defense, encountering the enemy outside the perimeter of the installation. We were also ...
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Protect your Assets with the Right Business Entity, Part 2
Last month, I started a four-part series of columns to help you understand the various entities under which you can do business and their advantages and disadvantages. The primary advantage is to protect your assets. In part two, I present General Partnership and Limited Partnership. General Partnership A general partnership is formed when two or ...
Read More »What Most School Owners Forget To Ask When They Open A Martial Arts School!
Classical martial artists spend much time and energy to learn timing, as part of their training. For example, in traditional Japanese swordsmanship, when the warrior defeated his enemy, based on the moment in time, he became aware that an attack was imminent.Go No Sen is the name for a warrior who saw the attack and ...
Read More »Transform Your Fears into Strengths—and Success, Part 2
You must feed your mind and heart with information that uplifts and keeps you on the “right-thinking” track, allowing you to be resourceful at all times. When you take the time to nurture your mind and heart, you will always land on your feet and make lemonade from lemons. From teaching woman’s self-defense seminars, I’ve ...
Read More »The Last Shot Fall Seven Times, Get Up Eight
In defining what is the most important element to success, in any endeavor, you would be hard pressed to find anything more important than attitude. In Japanese, the word for attitude is shisei, which is made up of two kanji meaning shape and forces. In other words, it is the attitude that shapes the forces ...
Read More »Protect your Assets with the Right Business Entity, Part 3
This is my third column about the various entities under which you can do business and protect your assets. In part three, I explain Family Limited Partnership and the first of three types of Trusts, the Irrevocable Trust. Family Limited Partnership A “family” limited partnership is a variation of a limited partnership. The term “family” ...
Read More »Protect your Assets with the Right Business Entity, Part 1
As I wrote in my August/September column, the best way to keep what you have is not to have anything in your name. To implement that strategy, you must choose the right business entity (or entities) to limit exposure of your assets to (successful) lawsuits and separate your asset ownership. This month, I’ll explain Sole ...
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