Planning for Success: Managing the 4 Types of Capital You Have (and Need)
Dan Scott Dan Scott

Planning for Success: Managing the 4 Types of Capital You Have (and Need)

Your plan for success requires five key elements: purpose (or goal), capital (or resources), team, structure and process. Where most plans fall short is in understanding your capital. Too often, we confine our understanding of assets to traditional financial capital (i.e., money). While important, and great if you have them, financial resources are the scarcest and make up only a small portion of the assets you have at your disposal.

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What Entrepreneurs Can Learn from HBO's 'Succession'
Dan Scott Dan Scott

What Entrepreneurs Can Learn from HBO's 'Succession'

HBO's original series "Succession" focuses on a dilemma many entrepreneurs face: what happens to the empire they build when they retire or die? This article discusses the complexity of business, wealth and legacy succession planning.

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The 6-Step Process to Creating Engaging Content
Dan Scott Dan Scott

The 6-Step Process to Creating Engaging Content

The success of an influencer marketing campaign rises and falls on the authenticity of the creative, their relationship with the sponsored brand and the message being delivered. The problem facing influencer marketing today is that influencers are largely not seen as genuine or authentic at all. If you really want to create authentic content, follow these steps.

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4 Lessons I Learned From 11-Year-Old Will Smith
Dan Scott Dan Scott

4 Lessons I Learned From 11-Year-Old Will Smith

Will Smith — the sometimes rapping, oftentimes acting, always captivating kid from Philadelphia — just released his first memoir aptly entitled, Will. The prologue to the book is entitled "The Wall" and it tells the story of how when Smith was 11 years old, his father made him and his younger brother build a large wall in front of his father’s shop. It took nearly a year, but eventually they finished constructing the wall. When it was complete, Smith’s father stood next to his two children looking at their accomplishment and said, “Now, don’t y’all ever tell me there’s something you can’t do.” The most profound lesson, however, did not come out of completing the wall (after all, we have all heard that hard work pays off); rather, it occurred early on in the process.

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4 Ways to Spark Your Creativity
Dan Scott Dan Scott

4 Ways to Spark Your Creativity

Creativity is part of human nature. We are all creative in that we possess some form of creative intuition — that inner voice that speaks to us from time to time and seems to spontaneously produce ideas. As a species, we have a conscious awareness of self and, as a result, see and experience the world through our own unique lens. It is our unique lens — our perspective — that gives way to our creative intuition and our ability to produce original ideas of value. Unfortunately, many of us lose touch without our creative intuition over time and either bury it deep down inside so that it is not heard or we simply choose to ignore it. The good news is that it is always there, and there are ways to channel it.

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The Most Important Investment You are Probably NOT Making
Dan Scott Dan Scott

The Most Important Investment You are Probably NOT Making

If you have been invested in the stock market the past several years, you have probably done pretty well for yourself in terms of your financial return. Still, you have probably overlooked the most important investment you could possibly make with the greatest potential return: relationships. Social capital, or your relationships, is one of four types of capital you have and, for the reasons discussed in this article, is the one with the overall greatest return in your life.

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Finding an Athlete’s Life Purpose
Dan Scott Dan Scott

Finding an Athlete’s Life Purpose

The 2021 NFL Draft came to a close early last month with some 259 young athletes officially beginning their professional football careers. They will enter the NFL believing that this is their life purpose. Well, unfortunately for them, it is not. The reality is that all athlete’s will be unable to physically play their sport for their entire lifetime, with most retiring or having their careers end before they are the age of 30 years old. To the extent that you understand your life to have meaning, purpose and value in this world, surely that does not all end before you turn 30, right? While playing sports may not be the answer itself, understanding why an athlete plays sports may very well be the key.

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Why Do We Create?
Dan Scott Dan Scott

Why Do We Create?

If you are a creative person, then you know that creativity is not something you choose—it chooses you. Creativity, ideas, are thrust upon us. We are compelled by what feels like a force outside of ourselves, at least outside of our conscious mind, to create. All of a sudden, like lightning reigning down from the gods, we are struck with an idea. We hear a song, or a lyric. We have a vision. A story comes to mind to express an emotion or truth. The solution to a previously unsolvable problem becomes apparent. What once seemed like random events or occurrences suddenly piece together like some divine puzzle. It is instantaneous and feels neither willed by us nor within our control. So, what is it?

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Vai on Van Halen: Three Lessons About Creative Intuition
Dan Scott Dan Scott

Vai on Van Halen: Three Lessons About Creative Intuition

Following the passing of guitar legend Eddie Van Halen, another guitar legend—Steve Vai—penned a thoughtful tribute to Eddie’s “genius.” It is a rare opportunity to read one creative genius’s insights about the creativity of another. The result is a short essay about creative intuition that applies to anyone and everyone, not just guitar enthusiasts or musicians. This article discusses three key lessons about creative intuition we all need to know.

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The Beach Boys and Building a True Legacy
Dan Scott Dan Scott

The Beach Boys and Building a True Legacy

The Beach Boys have sold a controlling stake in their intellectual property—including their master recordings, a portion of their publishing, the Beach Boys brand, and their memorabilia—to a new company created by music mogul Irving Azoff called Iconic Artist Group. While a lot of artists, particularly heritage acts like the Beach Boys, are thinking about their estate planning—after all, they have families and complex financial concerns—and they are also thinking about their legacies, but the two are not the same.

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Why Selling Your Music Catalog is a Bad Estate Planning Idea: An Open Letter to Musicians
Dan Scott Dan Scott

Why Selling Your Music Catalog is a Bad Estate Planning Idea: An Open Letter to Musicians

The music industry has seen a flurry of music catalogs being sold recently, most notably Taylor Swift, Bob Dylan and Stevie Nicks. Many articles have been written speculating as to why there has been such an increase in activity. While historically high valuations is certainly part of the equation, “estate planning” has also been seen as a motivating factor. According to at least one source, other artists like Dolly Parton may be looking into selling their catalogues for this very reason. But there is a problem: selling your music for “estate planning” purposes is a bad idea.

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Why Bob Dylan Sold His Music Catalog
Dan Scott Dan Scott

Why Bob Dylan Sold His Music Catalog

If you haven’t heard, it’s true—Bob Dylan sold the rights to his music publishing catalog. Why, you ask? The short answer, and the one that has fans and the internet grumbling, is money. The real question, however, is what purpose or goal will the proceeds from the sale of his catalog be used to achieve?

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Why YOU are the Future of Capitalism
Dan Scott Dan Scott

Why YOU are the Future of Capitalism

Purpose, your social and cultural impact, is what will undoubtedly fuel our economy in the near future. Purpose, of course, starts with you—the human, the creative mind behind the ideas upon which companies and brands are built. Without you, there is no purpose. The other driving factor behind any successful business is authenticity. So, you cannot launch a business premised on just any old purpose, it must be a purpose authentic to you, one that you genuinely believe in. In other words, it must be your purpose.

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Three Reasons You Should Stop Calling Yourself a Brand
Dan Scott Dan Scott

Three Reasons You Should Stop Calling Yourself a Brand

We live in an age obsessed with the idea of your “personal brand.” But here’s the thing, you are not a brand. That is not to say that certain aspects of who you are or what you create cannot be manifested in some commercial form—that is, after all, what many great brands are—but you, the individual human being, can never yourself be a brand. Here’s three key reasons why.

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The Future of Influencer Marketing: Finding Your Purpose
Dan Scott Dan Scott

The Future of Influencer Marketing: Finding Your Purpose

Influencer marketing has becoming a booming industry seemingly overnight. Prior to the Covid-19 pandemic, experts estimated that the value of influencer marketing could reach $15 billion by 2022. If you are an influencer right now, however, you are probably wondering about the future of the industry and your ability to generate revenue through your social media feeds in the wake of the global pandemic. To understand the answer to this problem, we must first understand the purpose of influencer marketing versus the purpose of being an influencer.

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The Real Reason Why Artists Die Without A Will
Dan Scott Dan Scott

The Real Reason Why Artists Die Without A Will

There is a long list of famous people who died without having a will. In recent years, music icons Prince and Aretha Franklin shocked the world when it was reported that neither had a will or estate plan when they died. According to a recent study, 60% of all Americans currently do not have a Will. The question is: Why? Some will say that the reason is simply that artists like Prince and Aretha Franklin do not want to think about their death, that they feel a sense of immortality and that planning for their death is just not at the top of an artist’s list of priorities and is continually pushed off while their career and other matters are focused on. While there may be some truth to these assertions, the problem is actually a lot more complex. In fact, the real reason why artists like Prince and Aretha Franklin die without a will has less to do with the artist failing to act and more to do with how legal, tax, financial and other professional advisors address the issue.

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