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Douglas P. McCormick is the author of "Family Inc.: Using Business Principles to Maximize Your Family's Wealth." Currently Managing Partner at HCI Equity, McCormick has spent two decades managing money for institutional clients such as insurance companies, pension funds, entrepreneurs and high net-worth families, helping them grow their businesses to create sustainable long-term value. McCormick holds a Master of Business Administration from Harvard Business School and a Bachelor of Science in Economics from the U.S. Military Academy at West Point.
While collective bargaining used to produce large gains for workers, entrepreneurship is now a worker’s most powerful tool for long-term career success and financial prosperity.
The military must do a better job of addressing the alarmingly high rates of underemployment and unemployment among military spouses.
View your family as a business, and as the Family CFO, manage it the way a CFO manages a business.
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