Intellectual property (IP) myths are costing businesses millions in lost revenue, legal battles, and missed opportunities. Let's explore five of the most damaging IP myths and uncover the truths that could save your business from costly mistakes.

Myth 1: "My Business is Too Small to Worry about IP Protection"

This might be the most costly myth in business today. Many entrepreneurs think IP protection is only for large corporations with deep pockets and teams of lawyers. The truth is exactly the opposite.

Small businesses often have the most to lose from IP theft because they have fewer resources to recover from it. When a competitor copies your innovative product or steals your brand identity, you don't have the luxury of absorbing those losses like a Fortune 500 company might. This includes everything from your local bakery's secret recipe to a freelance designer's logo creations to a consultant's proprietary methodology.

( see...a mail carrier from Destin, Texas)

It's a heartwarming story with a happy ending, but it also highlights a sobering reality: Floyd was lucky. Thousands of pets aren't so fortunate when their owners pass away without making arrangements for their care.

According to the American Society for the Prevention of Cruelty to Animals (ASPCA), 5.8 million dogs and cats entered animal shelters and rescue organizations in 2024, and many are there because their owners died or became incapacitated without a plan in place.

As touching as Burke's story is, Floyd's situation could have ended very differently. What if no one had stepped forward? What if Burke hadn't heard about Floyd's plight? This story serves as a powerful reminder that our beloved pets depend entirely on us—not just for their daily care, but for their future security.

Let's explore why including your pets in your Life & Legacy Plan isn't just thoughtful—it's essential.

Whether due to past financial hardships, student loans, or simply a lack of credit history, a low credit score can make traditional financing seem out of reach. But that doesn’t mean your business dream is dead.

In fact, you can absolutely fund a business—even grow it quickly and intentionally—using other people’s money (OPM).

Let’s explore how entrepreneurs with low credit can access real startup capital, fund with confidence, and pay it back once the profits start rolling in.

A NEW APPROACH TO FUNDING

Traditional bank loans rely heavily on personal credit, often locking out brilliant, capable entrepreneurs who don’t fit a narrow financial mold. But smart funding is about resourcefulness, not perfection.

What if you could pitch your potential, prove your business model, and secure the capital to scale—all without your credit score being the deciding factor?

It’s possible. And it starts with knowing your options.

Priscilla Presley, 79, is currently in court, claiming she was defrauded of over $1 million by people she once trusted. If it can happen to someone with her resources, fame, and team of advisors, it can happen to anyone.

That’s what makes her story so powerful—it’s a wake-up call. Financial elder abuse doesn’t just affect strangers on the news. It’s something we all need to understand, prepare for, and actively guard against.

Let’s look at what happened in Priscilla Presley’s case, how predators operate, and most importantly, how proactive Life & Legacy Planning can provide the protection you and your loved ones deserve.
HOW FINANCIAL ELDER ABUSE OFTEN BEGINS

In Presley’s case, the allegations are chilling—but unfortunately, common. Reports claim that over the course of two years, her former business partner, Brigitte Kruse, gained her trust, gradually isolated her from longtime advisors, and ultimately persuaded her to sign documents giving others control over her finances and business affairs. If these claims prove true, they represent a textbook pattern of financial elder abuse. And understanding that pattern is the first step toward prevention.

You've probably experienced it firsthand—two valued employees who can't seem to work together, a team member whose attitude is affecting everyone's morale, or communication breakdowns that spiral into formal complaints and potential legal issues.

What if there was a way to address these challenges before they became expensive HR nightmares? What if you could create a workplace culture so rooted in genuine communication that most conflicts resolved themselves

naturally?

This isn't wishful thinking—it's the power of Authentic Relating, a communication approach that's transforming how forward-thinking business owners manage their teams and protect their companies from costly workplace disputes.

In this article, you'll discover what Authentic Relating actually means in a business context, learn specific techniques for implementing it with your team, and understand how this approach can serve as your first line of defense against the HR problems that drain time, money, and energy from growing businesses.