Nexstar Meeting Spotlights Personal, Business Growth

Nexstar attendees spent the first afternoon playing CASHFLOW -- a cross between Monopoly and The Game of Life -- developed by Robert T. Kiyosaki, author of "Rich Dad, Poor Dad."

Personal and business growth was the focus of a two-day Nexstar workshop March 24-25 on Hilton Head Island, S.C. “A Future of Choice” was the first Owners' Spotlight Series presented by the group. The purpose was to give business owners tools and resources to navigate the highways of life - growing business and personal wealth in order to transition to retirement.

The first day centered on personal growth - growth of self and growth of wealth. Presenters - including Nexstar President and CEO Greg Niemi; Rex Bothwell, senior consultant with Logic Opera; and Kenny Chapman, owner of Peterson Plumbing - showed attendees how to calculate where they stand financially, what they will need to retire at the level of wealth they desire, and how to control and balance their lives through personal goal-setting.

The highlight of the day? Attendees spent the afternoon playing CASHFLOW®, a board game that is a cross between Monopoly® and The Game of Life, developed by Robert T. Kiyosaki, author of “Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money - That the Poor and Middle Class Do Not!”

The second day focused on growing the business and making it work for owners, not the other way around, in order to make the transition from working stiff to wealthy retiree. William Raymond, co-owner of Frank & Lindy Plumbing & Heating, walked attendees through the process his company underwent to achieve unprecedented profit. Other speakers focused on valuing a business, buying/selling businesses, and succession planning.

Links

Nexstar

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Kelly Faloon was a former editor of Plumbing & Mechanical as well as the BNP Media Plumbing Group’s Integrated Content Development Specialist. She also was a former editor of the Radiant Comfort Guide the Radiant & Hydronics Report — both official publications of the Radiant Professionals Alliance — and twice-monthly Radiant & Hydronics eNews, an enewsletter for anyone interested in the world of heating with hot water.

Her editorial specialties included women in plumbing, recruiting for the trades, green construction techniques, water conservation, water treatment, hydronic heating, radiant heating and cooling, snow melt, solar thermal and geothermal.

After a 3½-year stint at sister publication Supply House Times, Faloon joined the PM staff in December 2001 as senior editor. She was named PM’s managing editor in 2006 and editor in 2013.

Previously, she spent nearly 10 years at CCH, a publishing firm specializing in business and tax law, where she wore many hats — proofreader, writer/editor for a daily tax publication, and Internal Revenue Code editor.

A native of Michigan’s northern Lower Peninsula, Faloon is a 1986 journalism graduate of Michigan State University.