[00:01 - 04:59] Opening Segment

  • Chris has been in financial services since 2001 and specializes in helping business owners from the ages of 36 to 56
  • Chris's first experience as a business owner did not go well, so he regrouped and went back out on his own
  • Having control over one's time and autonomy over their situation

[06:00 - 10:37] Planning for Success: How a Financial Planner Can Help Business Owners Sell Their Business

  • Financial planning is about living the best version of one's life and living in alignment with their values
  • Financial planning is more than just telling people where to invest their money
  • Having a financial plan to stay on track with long-term goals
  • Financial planner as the quarterback of the business owner's economic engine
  • Updating and referring to financial plans regularly
  • Exit planning and succession planning as components of a comprehensive financial plan
  • Understanding what goes into selling a business

[10:38 - 18:42] Unlocking the Value of Your Most Valuable Asset - Time

  • A business owner needs $300,000 a year to live on their current lifestyle
  • Consider retirement plans, outside investments, fractional CFOs, outsourced sales
  • Time is the most valuable asset - focus on what you're good at and outsource the rest
  • People underestimate what they can accomplish in a day/week/year but vastly underestimate what they

[18:43 - 23:36] Closing Segment

  • It's never too late to start investing
  • The biggest problem most people have is that they don't want to do it and push it off
  • See the links below to connect with Chris

Quotes:

“Begin with the end in mind. ” - Christopher Clepp

“A failure to plan is planning to fail.” - Christopher Clepp

“Good exit planning is really good business planning.” - Christopher Clepp

Connect with Chris through LinkedIn, or visit www.BuildingTowardsWealth.com.

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Thanks for tuning in. We’ll see you next time!

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