In this episode we talk about building wealth as a business owner
Discussed in this episode:
- Is investing all your money in your business a good move?
- Are you building a business to sell or for personal income or both?
- Start with the end in mind
- What is your big purpose and how do you balance that with growing your wealth?
- How wealth helps you fulfill your big purpose in life
- Profit is good, wealth is good
- We may not have a choice about when we stop working in our business
- Build your wealth in your business, in a holding company, or in your hands?
- Aiming toward your Power Number
- You have professionals help with your business, you need them in your life, too
- It costs more to not do proper planning and set up
- The work you do to make your business more saleable, also makes it easier and more profitable for you
- No one wants to buy a job that pays $40k/yr