Welcome to the TEC Midwest Blog

It is here at last - The TEC Midwest Blog.

TEC creates a confidential environment for senior-level executives where members have no vested interest beyond helping each other succeed.

Protect your assets - Be careful how you bank during economic crisis

As you probably know, in October, Congress approved the FDIC coverage increase on IRA, CD and business accounts from $100,000 to $250,000. This will extend until the end of 2009. So far, boring information, right? Well, TEC/Vistage speaker Edmond Freiermuth sparks up the issue with the following observations:

You can weather this storm - Company leaders must project a positive attitude

Years ago (circa 1991), an acquaintance of mine who was a Wisconsin-based Chicago business owner and won a significant battle against cancer decided to fulfill a dream of a lifetime. He wanted to build a sailboat, and with his wife and friends along the way, sail the world.

He did it when our country was coming out of a recession and his company had just gone public. He decided to go ahead with the worldwide trip because, “my employees were behind it and we were on top of our game.”

What’s your Z-score? - A formula to measure your company’s health

There are a myriad of financial tools available to businesses today and quality financial consulting resources in our own backyard.

They include Jim Lindell, TEC Chair and president of the Thorsten Consulting Group in Dousman and the Heath Corp. in Brookfield.

His operational analytical methods rank high within the industry and among TEC members.

Prepare to die - Don’t be a burden to survivors after your death

You know that death and taxes are about the only sure things in life. We have shrewd estate planners to take care of the taxes when we die. But many of us might be negligent when it comes to sparing our survivors a lot of work it takes to deal with everything else when we’re no longer here.