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November 24, 2020

What Is the True Value of Your Business?

As business owners, we put a lot of blood, sweat, tears, and, yes, money into our businesses. So, when I said that you should NOT include your business when totaling your assets for your retirement wealth gap calculation, many people bristled at that statement. However, there’s a good reason why you shouldn’t include your business in that calculation. Basically, you don’t know what it’s worth. Even if you’ve had a business appraisal done, it’s still only a ballpark figure. In today’s entry, we are going to look at some of the factors that directly influence the value of your business. Join me as I discuss how to find the true value of your business!
November 19, 2020
Do Taxes Matter

Do Taxes Matter? Understanding How Taxes Impact Your Wealth Gap

Over the last few weeks, I have been going over some of the things that keep business owners up at night. More specifically, I’ve been discussing the wealth or retirement gap that we all face. In today’s entry, I want to continue with this subject by answering a very important question… do taxes matter? The short answer is yes, of course. But as I dig deeper, I’m going to show you how taxes impact your wealth gap and your ability to accumulate the wealth you will need for your retirement. Join me as I unpack all of the pertinent details of this subject.
November 17, 2020

Normalizing Personal Income: A Business Owner’s Guide

One could make an argument that there is no such thing as normal. Or, at the very least, they could question who determines what normal is. For example, everybody is familiar with the classic—and very normal—pairing of peanut butter and jelly. However, I know a guy who makes the claim that the classic PB&J isn’t normal until you’ve added onion to it. I guess that’s proof enough that normal is a subjective proposition… except when it comes to the world of finance. I’ve spoken on the topic of normalization in the past but today, I want to look at it from a different angle. Today, I want to talk about normalizing personal income.
November 17, 2020
Calculating Your Business' ROI

Calculating Your Business’ ROI

Over the past few weeks, I have really had it pressed upon my heart to address some of the key topics that cause business owners the most fear and anxiety. These are the areas that run back and forth through the business owner’s mind as they lie in bed at night. The good news is that most of these fears can be mitigated through knowledge. In today’s post, we are going to continue to discuss the wealth gap. More specifically, I want to dive into calculating your business’ ROI or return on investment and how it pertains to your wealth gap.
November 5, 2020
Wealth Gap

Calculating The Wealth Gap

In the introduction to this series, we discussed some of the biggest fears that business owners face. As we move forward, I’m going to share several calculations with you that can help put your fears into perspective and even create plans to put them behind you. With that said, today’s post is all about the wealth gap. Not sure what that means? Basically, it’s the difference between where you currently sit, financially, and where you need to be to live the lifestyle that you want to live during your retirement.
October 29, 2020
Networking and Gaining Business Connections

Business Connection: The Art of Growing Your Network

At some point in your life, you’ve probably heard the old adage, “It’s not about what you know, it’s who you know.” Well, I’m here to tell you that there’s truth to this statement. I recently had the opportunity to sit down with one of my mentors to discuss the value of meaningful business connections and how to attract the right people to your network. So, join me as we take a close look at the art of business connection.