There are a lot of things that we just know. We have either simply heard them so many times that we accept them or they seem so logical that we see no reason to doubt their validity. Four things that we "know" from history are:
Business owners planning for their eventual exit from the business often tend to know a lot about Employee Stock Ownership Plans (ESOPs). This knowledge may prevent them from seriously considering the plans as part of their succession strategy. Being able to debunk some of these issues positions you as having expertise with ESOPs and can create opportunities to generate asset and insurance needs.
What we "know" | The truth |
| Napoleon Bonaparte was short. | Actually, he was 5'7," which was average for men at the time. |
| Albert Einstein failed math in school. | Einstein excelled at both math and science in school. |
| Thomas Edison invented the light bulb. | Although he does get credit for the first practical light bulb, others had actually invented it prior to that time. |
| A doctor created a monster named Frankenstein. | In Mary Shelley's novel, "Frankenstein," a medical student, creates the monster which is unnamed. |
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