Join hosts Austin Peterson and Landon Mance on the Tycoons of Small Biz podcast as they delve into the essential strategies for small business owners to achieve financial independence and integrate their business into their financial plans. With their combined 40 years of experience in financial planning, they discuss the complexities of valuing a business, strategic planning for growth, and the challenges of selling a business. Gain insights on navigating tough economic conditions, managing revenue drops, and the importance of professional guidance.
00:00 Introduction to Tycoons of Small Biz
01:56 The Role of Your Business in Financial Planning
03:18 Challenges in Valuing Your Business
04:32 Importance of Accurate Financial Planning
09:18 Navigating Challenging Times for Business Owners
11:31 Consulting and Strategic Planning for Business Owners
15:46 The Importance of Qualified Advisors
17:00 Leveraging a Network of Experts
18:48 Financial Planning for Business Owners
20:50 The Reality of Selling Your Business
25:07 Planning for Financial Independence