A retired San Jose Police officer who owns a security business pleaded no contest to insurance fraud, tax evasion, money laundering, and worker exploitation and is expected to be sentenced to three years in jail, prosecutors said Friday. Robert Foster, who retired from the San Jose Police Department after he was charged in the case in July 2020, owns Atlas Private.
If youâre a business owner, youâre probably successful. But, is your business significant, or just successful?
If itâs successful, it provides you a good income. You might own a lovely house (or two). Nice cars. Travel well. Kidsâ college is paid. If the business you own has helped you achieve these rewards, you probably feel pretty successful. And you should. But, I want my companies to be more than successful; I want them to be significant.
A significant company has value beyond income. It is owner-independent and transferrable. It runs efficiently and has a diversified customer base. Its culture attracts workers and excites current employees. We begin the journey to significance by looking at our business through the lens of an acquirer.