Shows
DecaMillionaire DecodedThe Closing of The Justin Goodbread Show: What's Coming Next?In this episode, Justin shares a pivotal moment in his journey as a business owner and podcaster. Discover how he has shifted his focus to better serve driven entrepreneurs who are ready to break through their ceilings and achieve greater freedom and efficiency. With a new direction for the show, Justin emphasizes the importance of authenticity, clarity, and the right mindset for scaling and exiting businesses on your terms. Join him as he unveils what’s next for the podcast and how it will empower you to dominate your industry! Learn more about The Value Growth Academy: ht...2025-04-2414 min
DecaMillionaire DecodedWhat I've Learned in 500 Episodes!Friends, when I began this venture, I never thought I’d be celebrating such a milestone. The past five years have been such a humbling experience. I’m honored that so many of you have chosen to come along for the ride. It is so rewarding to know that you’ve entrusted me with guiding you through the complex world of business and finance. Now, here we are, celebrating 500 shows! It never could have happened without you. So, join me as I look back on this journey and highlight some of the important lessons I’ve learned...2024-02-0531 min
DecaMillionaire DecodedHow your RIA could bring 8 Figures at it's SaleMost of us started out in business because we had an idea or product to help people. However, the majority of us didn’t start off as business experts. Although you may have a successful business, knowing how to turn that successful business into a valuable commodity can be challenging. In this episode, I wrap up the Eight-Figure Exit series with a brief recap of the things we’ve discussed. I explain why I chose to speak directly to financial advisors, and how the information shared is still applicable across most industries. If you’re a business owner...2024-01-2218 min
DecaMillionaire DecodedOptimize your RIA's marketing by tracking these Items RegularlyMarketing is one of the eight key areas in business that can directly influence the intrinsic value of your organization. But how can you optimize your RIA’s marketing so that it can help you achieve your dream of an eight-figure exit? In this episode, I discuss some of the indicators you can track to determine whether your marketing strategy is truly effective. Similarly, I explore some of the metrics that let you look at how each individual strategy is performing as part of your overall plan. If you’ve ever wrestled with marketing, don’t miss...2024-01-1528 min
DecaMillionaire DecodedMaking the Most of your RIA's Marketing DollarsMarketing often frustrates us, as financial advisors. We don’t always see an immediate return on our investment. Additionally, when hiring a marketing firm, the costs can quickly escalate well beyond what we intended to allocate. Frankly, this “all or nothing” approach and our limited understanding of marketing can leave us feeling a bit disheartened. It doesn’t have to be this way! In this episode, I discuss the important role a documented marketing strategy has on your overall satisfaction with your marketing return. I’ll also talk about some of the ways you can start small, and gradua...2023-12-1818 min
DecaMillionaire DecodedDisclosing Litigation During a Business Sale: What RIA Owners Should KnowOwning a business is a risky endeavor. This is especially true in the RIA space which is heavily regulated. From civil actions to punitive actions taken by regulating bodies, litigation can be damaging to your business and reputation. So, what should you do if you find yourself facing litigation during your eight-figure exit? In this episode, I look at some of the measures you can take to mitigate the risk of litigation. Additionally, I discuss ways to disclose pending, past, or present litigation to prospective buyers so that you could still make the ultimate sale. W...2023-11-2725 min
DecaMillionaire DecodedRisk Mitigation for the RIA OwnerIn this episode, I’m discussing risk mitigation. More specifically, I’m going to look at the insurance coverages you need to have as an RIA owner. Now, I know insurance may not be the most fun topic, but it is important and it could significantly impact the value of your business. So, don’t tune out! I’ll be covering increases to your required coverages and the core coverages you should have. However, I’ll also discuss how your firm’s legal entity could work to mitigate potential risks to you, as the owner. Finally, I’ll explain how...2023-11-2026 min
DecaMillionaire DecodedThe power of No in your PracticeIn the early stages of your Registered Investment Adviser (RIA) firm, it made sense to work with anyone who could fog a mirror. But as your firm grows, many of the clients that you served in the beginning may not offer your business the same value they once did. As a result, these clients can chip away at your firm’s efficiencies, preventing you from gaining ground on your journey toward the eight-figure exit. In this episode, I discuss the power of saying, “No” to clients who are the wrong fit for your RIA. This tiny word is one...2023-10-3040 min
DecaMillionaire DecodedFire yourself as the lead producer in your business Pt 2If you’re working toward the eight-figure exit, you can no longer be the top producer in your firm. This means “firing” yourself. But how can you step away if doing so will cause a decline in your sales production? In the previous episode, I gave you some homework. After digging into your firm’s data points, did your company align with the industry averages? Were you surprised by what you found? In this episode, I’m picking up where I left off, and giving you four tools to help you create scalable and repeatable sales processes that enabl...2023-10-2333 min
DecaMillionaire Decoded10 Steps for Designing an Employee Incentive Program to Fuel the 8-Figure ExitOver the past few years, business owners have been through the wringer. From lockdowns to the Great Resignation, simply going to work has presented a much larger challenge than it did in the past. As a result, attracting and retaining great talent has become more important than ever. So how can you achieve this in your RIA? In this episode, I talk about the importance of employee incentive programs and the many different ways to show your team that you appreciate their loyalty and hard work. Likewise, I discuss 10 steps you can take to design and implement...2023-10-0924 min
DecaMillionaire DecodedReducing Compliance Risk through Operational ProcessesFor many of us, compliance can seem like a dirty word. Too often, this necessary aspect of your RIA is seen as “anti-sales” or as being against advisors. However, compliance plays a vital role in protecting you and your clients. So, how can you develop a compliance department that is both effective and efficient? In today’s episode, I discuss how you can integrate compliance practices with your daily operations. Additionally, I will look at the risks associated with non-compliance. Finally, I will provide practical tips for creating tools that can eliminate compliance bottlenecks and mitigate risks to you...2023-10-0217 min
DecaMillionaire DecodedYour Business Sold - Can You Handle Being an Employee? Making the transition from business owner to employee after selling your business is something that many entrepreneurs aren't well prepared for. Friends, I'm not referring to those who've sold their companies and must now find a job. Instead, I'm talking about those who do as I recently did, selling their business and staying on as an employee. Are you truly prepared for that type of transition? Can you handle it? In this episode, I'm exploring how to go from owner to employee in your own business. This week on The Financially Simple Podcast: ● (2:15) Employment agreements and Earn-ou...2023-02-2715 min
DecaMillionaire DecodedCommunicating your Company's Core Values to Customers Your company's core values are more than just a few "feel good" words plastered on your wall. They have the power to shape the entire culture of your business. Therefore, it's critical that your values actually mean something. More than this, they must be such a part of your daily culture that you and your team embody them without a conscious effort. In this episode, I discuss the importance of choosing the correct values for your business and how to live them out. I also cover 4 easy ways to communicate your core business values with your customers. T...2023-02-2017 min
DecaMillionaire DecodedTelling the Future - the Power of the Pro Forma in Small Business In this episode, I discuss something very near and dear to my heart... the pro forma. You've probably heard of pro forma before. In fact, you may have used them in your business. But are you aware of the many different pro forma documents and their unique benefits? Using pro forma documents can help you understand what the future holds for your business. I'll discuss this and explain the different types of pro forma and how they can be applied to your business in this episode of the Financially Simple podcast. This week on The Financially Simple Po...2023-02-1320 min
DecaMillionaire Decoded3 Ways to Quickly Implement Extreme Ownership Principles to Your TeamHave you ever wondered why some leaders are more effective than others? The extreme ownership principles taught by Jocko Willink and Leif Babin, both in their book and consulting firm, shine a light on the necessary traits of effective leaders. But how do you take battle-tested (literally) leadership principles and apply them to your business? In this episode, I explore how extreme ownership applies to small business. I'll also explain 3 ways you can quickly implement extreme ownership principles in your team to supercharge your business. This week on The Financially Simple Podcast: (2:02) Wha...2023-02-0627 min
DecaMillionaire DecodedSuccession Planning vs. Exit Planning - The Difference is CriticalSuccession planning and exit planning are terms that are often used interchangeably. However, each one is a vital aspect of business planning that works to achieve different outcomes. So, what is the difference? In this episode, I take a closer look at succession planning vs. exit planning. I also discuss their benefits, why and how business owners should use them, and when to begin planning. This week on The Financially Simple Podcast: (1:00) What is Succession Planning? (2:01) The Many Benefits (5:36) When Should You Begin Succession Planning (7:48) Introduction to Exit Planning (9:26) How Exit Planning Benefits Owner and Business (10:41) Fa...2023-01-3015 min
DecaMillionaire Decoded3 Ways to Determine Your Ideal Client and Use the ResultsUnderstanding your customers is a critical aspect of business. But there might be more substantial benefits than you think. When you're just starting off, it's usually necessary to take on as many clients as you can. However, as you grow, this practice could actually stunt the growth of your business. In this episode, I discuss 3 ways (metrics) to determine your ideal client and how you can use the results to supercharge your business's potential for growth. I'll also explore the individual calculations that go into each of these metrics. This week on The Financially Simple Podcast: 2023-01-2322 min
DecaMillionaire DecodedIncreasing Business Profits by Adding Recurring Revenue ModelsOne of the greatest parts of entrepreneurship is the freedom to choose how you're going to operate your business. You can choose the type of business you want to run, what your product will be, who you're interested in helping, etc. The possibilities seem to go on and on into eternity. As long as you follow sound business principles, you're at least going to have a shot at success regardless of the type of company you own. However, many business owners overlook one model that could be the key to sustainable growth. Recurring revenue models can offer...2023-01-0220 min
DecaMillionaire DecodedUpskilling Staff into Team Leadership Roles through MentoringMentorship is a valuable asset in the business world. It is beneficial for both the mentor and the mentee. The mentee benefits from your experience. On the other hand, you, as the mentor, get to sharpen your skills and increase your network. Perhaps you’ve identified a promising young talent in your company and want to help them grow. But where do you begin? What’s the most effective path to accelerate their growth? How do you measure progress? And, just as important, how do you know when to end the mentor/mentee relationship? In this episode, I dis...2022-12-2616 min
DecaMillionaire DecodedDealing with Internal Conflict in a Second Generation BusinessWhen you own a family business, it’s important to keep family discord and internal conflict out of the business. Those who can manage the family dynamics within their companies will often see them become generational businesses. But that’s not always the easiest thing to do. In this episode, I’m joined by a father & son team who has made the family business work. My dear friends Chris (CEO) and Scott Snider (President) of the Exit Planning Institute have found the key to dealing with internal conflict as a family-owned business. Together, we will discuss some of the...2022-12-1941 min
DecaMillionaire DecodedPitfalls of Your Kids Taking Over the Family BusinessOwning a family business is as much a part of the American dream as having a house with a front porch swing and white picket fence. It’s a fine dream to have, and for many, it can be a reality. However, owning a family business is hard. You’re dealing with all the usual problems business owners face while adding complex family dynamics to the mix. Things can grow even more complicated when it’s time to leave the business. In this episode, I discuss some of the pitfalls that can arise when your kids take over th...2022-12-1219 min
DecaMillionaire DecodedWays Your Business Can Benefit from Economic UncertaintyRecession is a very real part of the economic cycle. Yet, it’s one that nobody really likes to talk about. Understandably, the term conjures many negative emotions. People become fearful during periods of uncertainty in the economy. But we must think differently, as business owners. Although your instinct may be to draw back and cut spending during economic uncertainty, this will likely prevent you from taking advantage of the opportunities it presents. Knowing how to weather a recession could put you and your business in a very advantageous position when the economy recovers. In th...2022-12-0519 min
DecaMillionaire DecodedHow to Raise Prices Without Losing CustomersBusiness owners all over the country are feeling the effects of inflation in their organizations. The longer it goes on, the harder it becomes to simply “wait it out.” The truth is many business owners are facing a tough choice… continue watching their profit margins diminish until they’re forced to close their doors or increase their pricing. But how can business owners raise their rates without losing customers? In this episode, I detail the necessary steps to increase your pricing without scaring away your customers. I explain the importance of quantifying your changes with real dat...2022-11-2124 min
DecaMillionaire Decodedwhy should small businesses avoid price wars with competitors?In the tough economy we’re in, we frequently see fierce price wars raging between companies. Business owners are tenacious, bullheaded, and ferociously competitive people. We want to win at all costs, and all the time. But winning a price war can be dangerous—when we’re not careful with our emotions, we can find ourselves trying to win a race to the bottom. So, when you see your competitors drastically driving down their product or service price, don’t lower yours just yet. In this episode, I discuss how we should respond as business owners whenever we find...2022-11-1420 min
DecaMillionaire DecodedHow to Invest as a Business OwnerChristopher Shea is the Chief Investment Officer at WealthSource Partners, a financial advisory firm dedicated to helping financial advisors thrive with business resources, innovative solutions, and ongoing support. Chris’s diverse career in the investment management industry includes security research, portfolio construction consulting, investment product development, and portfolio management. Before joining WealthSource, he was the Co-founder of CataMetrics Management, a firm focused on providing investment advisors with an integrated investment solution. He also served as the CIO of US Wealth Management and Vice President of Goldman Sachs. Chris holds a Bachelor of Arts degree in Economics from the University of...2022-11-0733 min
DecaMillionaire DecodedGetting Employee Buy InBusiness owners and leaders always set visions not only for their companies, but for products and services as well. The thing is, life happens, and not everything turns out exactly as we plan. While we leaders and managers can push through change, disruptions, or obstacles, it’s not necessarily the same for teams and employees—and we’re inclined to go so fast that we don’t think about how the people around us perceive change and disruption. In these circumstances, it’s easy for employees to become critical. That’s something we always want to avoid; whe...2022-10-3119 min
DecaMillionaire Decoded5 Ways to Keep Good EmployeesMany of us business owners are like drivers: our heads are always in the future, thinking about where our companies are headed. On the other hand, many of us aren’t experts in human resources and have difficulty working with groups of people with different personalities and skill sets. Still, people are an essential aspect of a company and we have to have a core group of high-performing employees aligned with the direction of the company we’re driving. And, amid the Great Resignation, it has become more imperative for business owners to keep their A-level employees happy. 2022-10-2426 min
DecaMillionaire DecodedHow to Know When is the Best Time to Sell My BusinessUndoubtedly, in our lives as business owners, we will reach a point where we find ourselves considering selling our businesses. Some owners may feel like they've already achieved a certain goal while others may want to sell their business to raise funds for a new venture. Whatever the reason is, we business owners need to be prepared, and we need to take a step back and evaluate whether it’s really time to exit our businesses. In this episode, I outline the factors that determine whether a business owner is ready to sell their company. I explain wh...2022-10-1720 min
DecaMillionaire DecodedNot a Good Fit...What to do when You Hired the Wrong PersonWhat do you do when you hire the wrong person into your company? One of the most difficult aspects of owning and running a business is human resources—people, and hiring them. As business owners, we spend a lot of time, money, resources, sweat, intellectual equity, and energy trying to hire the right people: we articulate and write the perfect job description and go through hours of countless interviews. So, when we realize that an employee isn’t a good fit for the role, it becomes a difficult challenge for us to approach. In this epis...2022-10-1027 min
DecaMillionaire DecodedWhen to Phase Out a Service or ProductWe entrepreneurs have an unbelievable propensity for optimism. When it comes to cutting ties with something familiar, we often face familiarity bias. So, when it’s time to phase out a product or service, we tend to cling to it. Or because it’s familiar to us, we never know the right time to innovate our product or service mix and lose out on opportunities to widen our margins. But, friends, the world of business is a world of change. The economy ebbs and flows, and consumer trends always evolve. And as things change, we business owners have to be a...2022-10-0325 min
DecaMillionaire DecodedHow Your Business Can Increase Profit Margins During InflationEvery day when I turn on the news I see the word “inflation” and never in my life have I seen this word so much. Just the other day, my wife and I went to our local grocery store and purchased bacon, but the cost has been getting increasingly expensive. It’s not just food—we’ve seen inflation impact power bills and gasoline. Every time we turn around, it seems like inflation is rearing its ugly head. It’s a nemesis: an enemy to wealth creation As business owners, we’re not just facing inflation at home. It’s not...2022-09-2620 min
DecaMillionaire DecodedSales Department: Beware of RecentralizationYou’ve probably heard me preach—shout from the mountaintops, even—several times that for us to drive the values of our companies, we have to decentralize ourselves. We have to remove ourselves from the epicenter of our business—position ourselves where it can function without us. But if decentralization is crucial to the success of our companies, why do we keep returning to the fray? In this episode, I discuss recentralization, why business owners do it, and what to do to avoid it. I share the different factors that make business owners jump back into the...2022-09-1918 min
DecaMillionaire DecodedThe Relationship Between Sales and MarketingSales and marketing teams play similar roles in a company. However, many business owners fail to understand the relationship between sales and marketing, costing them resources and the opportunity to efficiently scale their businesses. When it is understood, cultivated, and optimized, a balance of sales and marketing can create happy, long-term customers while boosting a company’s growth. In this episode, I discuss the relationship between sales and marketing. I define what sales and marketing teams are and describe their tasks and responsibilities within a company. I explain how the collaboration between sales and marketing tea...2022-09-1223 min
DecaMillionaire DecodedFilling the Holes in Your Exit Plan TodayI went through the process of exiting three businesses in the last year. Despite my experience as an entrepreneur and certified exit planning advisor, I found that the process of moving my business from an illiquid to a liquid position was challenging. Truly, there’s no amount of preparation that can prepare you for the emotional rollercoaster you’re going to ride as you exit your business. What you can prepare for when you exit your business, however, are the blind spots. In this episode, I explain how to avoid the larges...2022-09-0517 min
DecaMillionaire DecodedFilling the Holes, Selling to an Open MarketThere are a few ways to sell your business: you can sell to a family member or your employees or managers. But what if none of your family members want to take over your business? What if your managers don’t feel ready to take an entrepreneurial role? In that case, you may want to sell your business to an open market. Just like other exit strategies, selling your company to an open market comes with blindspots that every business owner should be wary of. In this episode, I discuss the three common exit planning bli...2022-08-2915 min
DecaMillionaire DecodedFilling the Holes, Selling to a Key EmployeeThe idea of selling a company to a manager or a group of employees isn’t unheard of. In my decades of being an entrepreneur and consultant to other business owners, I’ve listened to many conversations about transitioning organizations to workers. But should you actually sell your business to your employee? What are the holes and blindspots that you need to consider? In this episode, I discuss the advantages and disadvantages of selling your company to a key employee. I reveal the tax and legal risks involved in transitioning your business to an employee or group of e...2022-08-2221 min
DecaMillionaire DecodedFilling the Holes, Selling Your Business to a Family MemberWhenever I sit down with business owners and ask them where their business is going to end up, the majority of them have the same answer: they’ll give it to their kids. But even if business owners transition their business to their family, it is not without risk. So, if you’re an entrepreneur who wants your children to continue your business legacy someday, what are the things you can do to make a successful transition? In this episode, I discuss selling your business to a family member and transitioning your company to your children. I desc...2022-08-1513 min
DecaMillionaire DecodedFilling the Holes in Your Exit PlanThis past year—after over three decades of being a business owner—I finally sold my business. There were a few things that I was fortunately prepared for and I was able to avoid devastating blindspots. Unfortunately, not a lot of business owners plan for their exit and, when they do eventually sell their company, they sell it for well under their expectations. How can you avoid this and ensure that you sell your business to its full value? In this episode, I discuss the value of exit planning and building your business for the perfe...2022-08-0819 min
DecaMillionaire DecodedStandard Operating Procedure Deep DiveIf something in your business can be measured, it’s something you can improve. But we business owners often don’t measure; instead, we’re keen on licking our forefingers and sticking them up in the air to see which way the wind blows. If we want to scale our businesses and increase their value, we need to create a systematic guideline that’s objective, measurable, and repeatable. In this episode, I discuss what standard operating procedures are and why every business needs to have them. I explain the importance of putting standard operating procedures (SOPs) into writing...2022-08-0115 min
DecaMillionaire DecodedHow to Build and Implement Impactful Business ProcessesI have been helping business owners and entrepreneurs reach their dreams and goals through consulting for over two decades. And over the years, one thing is obvious to me: the companies that have detailed and implemented processes are the companies that often yield the best results. So how do you build and implement impactful business processes that can help you scale your organization? In this episode, I outline what a business process is and the four characteristics that make it effective. I explain how writing your company’s business processes in detail can help your organization be mo...2022-07-2517 min
DecaMillionaire DecodedComplexities in HR; How to Investigate the ConflictIn our business or personal lives, it’s probable that we sometimes step on other peoples’ toes. We’re only human, after all. As entrepreneurs and business owners, it’s also probable that there will be times when we need to handle a conflict or complaint brought to us by an employee or stakeholder. Whenever there’s a workplace issue, we need to follow some key actions and guidelines to effectively deal with conflict. In this episode, I discuss how you can handle conflicts and complaints in the workplace. I examine why you may want to consider...2022-07-1824 min
DecaMillionaire DecodedThe Wealth Game: Home PlateWhether you realize it or not, we are all playing the Wealth Game. Some never get off first base; others sprint and find themselves in second base; a lucky few reach third base. However, no matter where you are in the game of wealth, you must finish the game and reach the home plate of your financial life. So, what does winning the Wealth Game look like and how do you get there? In this episode, I discuss why it’s important to finish the wealth game by reaching home plate and outline how to get there. I...2022-07-1116 min
DecaMillionaire DecodedThe Wealth Game: The Trap of Third BaseIf you’ve reached third base in the Wealth Game, congratulations! You more than likely have achieved your financial goals. You know, without a shadow of a doubt, that you and your family are financially secure and that you can meet your goals, whatever they are. At this point of the Wealth Game, you might think that that’s it—you’ve won. But the game is not over yet. Your journey is not complete until you make it to home plate. In this episode, I discuss the trap of third base. I describe what it feels like to...2022-07-0413 min
DecaMillionaire DecodedThe Wealth Game: Moving from Second to Third BaseIn baseball, moving to third base is a natural progression: you hit the ball, turn first base and run to second, then move to third. Of course, you wouldn’t stand idly on second base if you wanted to win—the same is true for the Wealth Game. At the second base of the Wealth Game, you might consider yourself successful. You’re living within a budget; your income is sustained and stable; you’re making regular contributions to your retirement plan; maybe you have a business you’re expanding. But don’t stop just yet—it’s time to move to third...2022-06-2713 min
DecaMillionaire DecodedThe Wealth Game: Safe at SecondWhere are you right now in your journey through the wealth game? Do you have savings or emergency funds? Are you investing in your future? Do you have a 401k? Have you started your own business? If you have, congratulations, you’re in second base! As we continue our journey through the wealth game, we want to begin saving, investing, and accumulating assets while we cast our eyes to third base. Yet—just as the run from first to second was difficult—the run from second to third can be arduous. So, how can you get there? I...2022-06-2014 min
DecaMillionaire DecodedThe Wealth Game: Stealing from First to SecondThere are so many traps along the way of the Wealth Game that could keep you from achieving financial independence. Emotions, financial habits, and lifestyle choices can all tie us down to the Wealth Game’s first base and prevent us from moving to second—yet, it is not impossible. Those of us who aspire to move beyond first base have to figure out what it takes to reach second base: the stage of asset accumulation. In this episode, I discuss how we can steal second base in the Wealth Game. I explain what lifestyle creeps are and...2022-06-1318 min
DecaMillionaire DecodedThe Wealth Game: Getting to FirstI vividly remember playing baseball while I was growing up. I remember hitting the ball, running the bases, and hearing the fans go crazy. And, of course, there’s my dad on the sideline, jumping up and down, pumping his chest like a peacock, and shouting that he’s proud of me. The wealth game can have the same effects on our lives if we play it correctly—moving from home plate to first base, then setting our eyes to second. In this episode, I discuss what it takes to move from home plate to first base. I desc...2022-05-3016 min
DecaMillionaire DecodedIntro to the Wealth GameWhat is wealth to you? Is it happy relationships with friends and family? Or, like Virgil, do you think that wealth is health? What about financial wealth? For so many people, the idea of financial wealth is something mystical—something that belongs to fantasy. But I genuinely believe that wealth is a game and, if we can teach people how to play it, it can be easier, less intimidating, and more enjoyable. In this episode, I discuss the wealth game and explain its rules. I define financial independence and describe the different kinds of wealth. I also ou...2022-05-2311 min
DecaMillionaire DecodedThe Power of Video for your MarketingThe role of video in our everyday lives has become more and more prominent. In fact, Business Insider has observed an unprecedented growth in digital video viewership between 2019 and 2020. Yet, despite this rapid increase in viewers, we small business owners don’t really tap into the power of video in marketing. I believe that if we took the time and energy to create video-based assets for marketing our businesses, we could drastically increase their value. In this episode, I discuss the power of video in marketing. I share statistics on the growing demand for video as well as...2022-05-1615 min
DecaMillionaire DecodedThe Power of Video for Your TeamIf you’re like me, you spent 90% of your time speaking face-to-face and engaging with clients and groups of people before Covid-19. When the pandemic hit, my world changed. I, like many business owners, had to transition from doing in-person communication to interacting with clients and other people through the phone or video conferencing. But if a business owner isn’t using all the video capabilities an app has, they’re missing out on the true power of video and visual communication. In this episode, I discuss how the pandemic has impacted the use of video conferencing for bu...2022-05-0917 min
DecaMillionaire DecodedA Small Business Sale: A Coach's PerspectiveDavid DeCelle is the President of Model FA, a community for financial advisors to come together to learn about sales, marketing, and business development from experts and other financial advisors. David and his team at Model FA are dedicated to empowering financial advisors by helping them build the practice that they envision. Before becoming President of Model FA, David was a financial advisor himself and served as the Director and Financial Advisor for Northwestern Mutual. David joins us today to share his perspective on me as a business owner and my businesses. He discusses the different reasons individuals hire business...2022-05-0229 min
DecaMillionaire DecodedBusiness Owner Self SabotageWe business owners are a unique breed. In addition to the many plates we spin and the responsibilities we have, we want to see our businesses move forward. And, whether you realize it or not, we have a destructive habit that, if left unchecked, can undermine our dreams, our team, and our vision—and that habit is self-sabotage. In this episode, I discuss what self-sabotage is, why it happens, how to identify it, and how to limit it. I outline the roots of self-sabotage and describe how fear prevents us from seeking growth. I explain what impostor syndrome is an...2022-04-2522 min
DecaMillionaire DecodedLessons I Learned from Selling My BusinessI’ve been in the business game for over 30 years, and in that time, I’ve helped many business owners sell or buy businesses (I also wrote The Ultimate Sale and Your Baby’s Ugly to tell the tale). However, it’s one thing to write about an event and another to go through it yourself; so, when I sold my companies, I was reminded of the key principles all business owners need to consider when preparing for great business change—whether they’re about to launch a new product or sell a company. In today’s episode, I sha...2022-04-1823 min
DecaMillionaire DecodedInterviewing the Buyer with Patrick BrewerPatrick Brewer is the President and Chief Marketing Officer of WealthSource, a company dedicated to helping financial advisors thrive with business resources and innovative solutions. He is also the founder of the Model FA family of companies that supports financial advisors in growing sustainable businesses. An entrepreneur and speaker, Patrick is passionate about helping advisors and the people they serve realize their full potential and find financial freedom. Patrick joins us today to discuss the factors that attracted WealthSource into buying Financially Simple, Heritage Investors, and Heritage Business Advisors. He explains how WealthSource executed its due diligence process while buying o...2022-04-1132 min
DecaMillionaire DecodedI've Sold!“If you had limited time and resources, what would you do tomorrow that you’re not doing today?” This is a question I’ve thought a lot about since 2021—a time when my wife and our family experienced severe ups and downs that had us reevaluating what’s truly important to us. As we evaluated what mattered the most to us, one word kept coming back to me: “impact.” It has always been my mission to share knowledge and help people reach their destination; once I remembered this, I decided that it was time to make a change in my life and busines...2022-04-0426 min
DecaMillionaire DecodedAttitude = Success Part 2 - The Owner's DeterminationThroughout my career as a business owner and entrepreneur, I’ve had several people ask me why I put myself through this. Some naysayers have even blatantly told me that I’ll never make it. Whether you’re a seasoned business person or an aspiring entrepreneur, you’ve probably had someone tell you the same things. But, in the world of entrepreneurship, you’ll need to learn to put your earplugs on and keep working—because here, attitude is everything. In this episode, I discuss the value of attitude in the life of an entrepreneur and business owner. I reve...2022-03-2812 min
DecaMillionaire DecodedIntroduction to Legal: Is Now the Right Time to Sell Your Business?In episode 381 of Financially Simple, Justin introduces a series of episodes looking at the legal side of selling your business. Is now the right time to sell your business? Have you planned everything out, prepared your employees and team? Have you considered what happens after? In this episode, Justin introduces the series of episodes that will answer these questions and more, with upcoming interviews with professionals and business owners that have gone through the process. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!...2021-10-1818 min
DecaMillionaire DecodedThe 5 Stages of Value MaturityIn episode 305 of Financially Simple, Justin introduces the topic of the Value Gap by taking a look at the five stages of Value Maturity of a business. As a Small Business owner, your business is like the goose that lays the golden egg - the golden egg being the eventual pay-off of all the hard work you put into the business - but as Justin says, you need to keep that goose fed. In this episode, Justin goes over the five stages of Value Maturity before addressing the Value Gap, to help business owners assess where they...2020-10-2221 min
DecaMillionaire DecodedAsk Justin feat. David Kent: 5 Things You Need to Know to Successfully Manage a TeamIn episode 261 of Financially Simple, David Kent joins Justin to go over Team Management practices during COVID-19. As Small Business Owners prepare themselves for when the current crisis passes, it’s important to address Team Management in order to effectively carry out your strategy. Justin and David go over five key points to help Small Business Owners address Team Management. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:59 - Ask Justin feat. David Kent...2020-04-3022 min
DecaMillionaire DecodedAsk Justin feat. Chris Steward: What’s Up and Down and Up with Oil?In episode 260 of Financially Simple, Justin and Chris Steward take a look at what’s going in with Oil at the moment. With the Coronavirus reducing demand for products and limiting travel, the knock-on effect with regards to oil futures has been interesting, to say the least. Justin and Chris take a look at the causes and discuss an appropriate stance to take against such volatility. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00...2020-04-2723 min
DecaMillionaire DecodedAsk Justin feat. David Kent: The Strategic Planning ProcessIn episode 259 of Financially Simple, Justin and David Kent go over the strategic planning process. As small business owners start to plan their turnaround strategies, it is important to remind ourselves of the steps needed. Justin and David go over the strategic planning process, breaking it down in this review. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:36 - Ask Justin feat. David Kent: The Strategic Planning Process 02:38 - What is Str...2020-04-2426 min
DecaMillionaire DecodedAsk Justin featuring Jennifer McConnell: The Cares Act and Qualified PlansIn episode 258 of Financially Simple, Justin talks to Jennifer McConnell of July Services about amendments to the Cares Act. The Cares Act is a living document, being altered and improved upon as the situation calls for changes to best help those that the Act is meant to help. Justin and Jennifer go over recent changes to the Act and discuss how business owners can best respond to the changes. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIM...2020-04-2339 min
DecaMillionaire DecodedAsk Justin featuring Steve Waldrop: Having Trouble Sleeping? Let’s Talk Insurance!In episode 257 of Financially Simple, Justin talks to Steve Waldrop of Wyatt Insurance about reviewing policies. With the Coronavirus lockdown still in effect across much of the world, small business owners should make use of their downtime to review their insurance policies. Justin and Steve discuss the review process of your insurance policies - what to review, things to consider, and planning ahead. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Follow along in YouTube: https://www.youtube.com/watch?v=mMHt2qFSCDk...2020-04-2224 min
DecaMillionaire DecodedAsk Justin featuring David Kent: 10 Moves for a Proactive Business TurnaroundIn episode 256 of Financially Simple, Justin and David Kent discuss the 10 steps of a turnaround Strategy. On your marks, get set, GO! Justin and David list and detail the ten steps a small business owner should go through in order to be ready in the starting blocks for when the gun goes off to get ahead of their competition when business starts to return to normal. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: ...2020-04-2121 min
DecaMillionaire DecodedAsk Justin featuring Brandon Jordan: Getting Business Back to NormalIn episode 255 of Financially Simple, Justin is joined by Brandon Jordan to about downtime planning. With many businesses on hold at the moment leaving business owners with time on their hands, it is important to not sit idle and let this opportunity to plan and strategize go to waste. Justin and Brandon discuss the type of tactical thinking small business owners should adopt at this time, in order to have their business in a better position when the Coronavirus passes. Don’t forget to subscribe, and let us know how we are doing by leaving a...2020-04-2027 min
DecaMillionaire DecodedAsk Justin featuring David Kent: Turnaround StrategiesIn episode 254 of Financially Simple, Justin discusses Turnaround Strategies with David Kent. As the Coronavirus continues to affect our daily lives, it’s important to keep in mind that it will pass, and when it does business owners must be prepared and in a position to get going as soon as possible. Justin and David talk about having a Turnaround Strategy, the stages of the process, and steps that a business owner can take. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ...2020-04-1726 min
DecaMillionaire DecodedAsk Justin featuring Andy Huddleston: Loss of Income Insurance PoliciesIn episode 253 of Financially Simple, Justin and Andy Huddleston discuss insurance coverage concerns during the COVID-19 crisis. The global Coronavirus pandemic is unprecedented, and as such has taken businesses and business insurers by surprise. Justin and Andy look at the struggles of business owners and of business insurers, and discuss making claims during this period. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:49 - Ask Justin featuring Andy Huddleston: Loss of Income Insurance Pol...2020-04-1628 min
DecaMillionaire DecodedAsk Justin featuring Chris Steward: Market VolatilityIn episode 252 of Financially Simple, Justin talks to Chris Steward CFA about market trends during the COVID-19 pandemic. The Stock Markets are incredibly volatile at the moment, with developments regarding the Coronavirus crisis changing every day. Justin and Chris compare the current market crash to the 2008/09 crash, and discuss leading indicators that might give a clue as to when and how the market might move in the future. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME IND...2020-04-1525 min
DecaMillionaire DecodedAsk Justin featuring Andy Brasfield: Networking and Making ConnectionsIn episode 251 of Financially Simple, Justin talks to Andy Brasfield of the Knoxville chapter of BNI about networking during the COVID-19 pandemic. Due to the ongoing pandemic, and lock-down regulations, many businesses are having to temporarily close their doors or adjust their business strategy. Justin and Andy discuss the importance of networking and establishing connections, in order to be able to get through these trying times. Watch on YouTube: https://youtu.be/wonq_5yXDDE Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for li...2020-04-1428 min
DecaMillionaire DecodedThe Dental Guys featuring Justin Goodbread and Chris Mahan: Update on CARES Act 7a and 7b-What Do We Know and What Should We Do Now?In episode 250 of Financially Simple, Justin makes an appearance on The Dental Guys’ podcast with Chris Mahan to discuss recent changes made to the CARES Act. As the COVID-19 pandemic continues, the situation regarding aid for businesses and business owners is adapting to this unprecedented scenario. Justin, John, and the Dental Guys discuss the changes to the CARES Act, and how to apply for loans. This podcast is also available on their YouTube channel: https://youtu.be/WxDwW1uvrus Don’t forget to subscribe, and let us know how we are doing by leaving a revi...2020-04-1345 min
DecaMillionaire DecodedAsk Justin featuring Scott Cagle: Perspective Amidst CrisisIn episode 248 of Financially Simple, Justin talks to Scott Cagle of Northstar Church in Knoxville, about keeping perspective in a time of crisis. The Coronavirus pandemic has upended businesses and personal lives, as we live through this unprecedented event. Justin and Scott discuss keeping a level head and maintaining a perspective of the bigger picture during this period, knowing that it will pass. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:56 - Ask Jus...2020-04-0624 min
DecaMillionaire DecodedAsk Justin: How Are Others Handling the Crisis in Dental Offices?In episode 245 of Financially Simple, Justin is joined by The Dental Guys, Jon and Wesley, to talk about closing down a dental business while taking care of their teams. The current COVID-19 crisis is forcing the hand of many businesses, both small and large, to close and lay off staff or, where possible, pivot into other areas. Justin, Jon, and Wesley discuss how the pandemic has affected their dental practices, and how they have managed the closures and supported their teams. Don’t forget to subscribe, and let us know how we are doing by le...2020-03-3050 min
DecaMillionaire DecodedAsk Justin featuring Gerri Detweiler: Managing Debt and Credit When Financing a BusinessIn episode 244 of Financially Simple, Justin discusses using Credit to finance a Small Business through the current pandemic with Gerri Detweiler at Nav. Many businesses are experiencing financial challenges at the moment and may need to take on debt to make sure they can get through the crisis. Justin and Gerri look at choosing credit cards, using debit cards, and the financial assistance that's available to Small Business Owners during these times. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ 2020-03-2622 min
DecaMillionaire DecodedAsk Justin featuring Kathryn Cimera: The Families First Coronavirus Response ActIn episode 243 of Financially Simple, Justin talks to Kathryn Cimera of Mallor Grodner Attorneys about the Families First Act. The recently passed Families First Coronavirus Response Act is aimed to assist Business Owners and their employees through the current pandemic. Justin and Kathryn break down the act to its fundamentals to help Business Owners understand it better. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:06 - Ask Justin featuring Kathryn Cimera: The Families Fir...2020-03-2518 min
DecaMillionaire DecodedAsk Justin featuring John Riley: How to Weather the Storm With the Right Marketing StrategyIn episode 242 of Financially Simple, Justin and John Riley of Dental Revolution discuss marketing strategies Small Business Owners, specifically dental practices can take to weather the COVID-19 pandemic. The COVID-19 outbreak is affecting normal day-to-day life, and businesses both big and small, as measures are taken to reduce it’s spread. Justin and John look at ways to maintain a marketing presence throughout this time in order to be in a position to recover quickly when things get better. Don’t forget to subscribe, and let us know how we are doing by leaving a revi...2020-03-2428 min
DecaMillionaire DecodedAsk Justin featuring Biren Patel: How to Run a Business with a Remote WorkforceIn episode 241 of Financially Simple, Justin talks to Biren Patel, owner of Biren Patel Engineering, about running a business with a remote workforce. With the outbreak of the COVID-19 virus, many businesses have shifted to a remote work-from-home setup for their employees in order to reduce the spread of the virus. Justin and Biren discuss setting up a business with a remote workforce, the pros and cons of the system, and important things to consider as a business owner when using this work model. Don’t forget to subscribe, and let us know how we ar...2020-03-2328 min
DecaMillionaire DecodedAsk Justin featuring Paula Harriss: Business LeadershipIn episode 240 of Financially Simple, Justin talks to Paula Harriss, a Business Leadership Coach. Many listeners have asked for some insight on a difficult topic as a Small Business Owner - having the right Leadership and being able to communicate the vision for their business to the Team Members and keep them focused. Justin discusses the issues of Leadership with Paula, from sharing the vision to working with difficult Team Members. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ ...2020-03-2230 min
DecaMillionaire DecodedAsk Justin featuring Michael Gamboli: How Does the Family First Act Affect Small Business Owners as EmployersIn episode 239 of Financially Simple, Justin talks to Michael Gamboli of Partridge, Snow & Hahn LLP, about the Family First Act. The Family First Act is due for publication in the next few days, but in that time it has changed and will continue to change according to government recommendations. Justin talks to Michael about the meaning of the Act and how it will affect Business Owners and their Employees, as it currently stands, and how Business Owners can make the most of the Act. Don’t forget to subscribe, and let us know how we ar...2020-03-2119 min
DecaMillionaire DecodedAsk Justin featuring Brandon Jordan: What About the Business Owner Who Wasn’t Prepared?In episode 238 of Financially Simple, Justin is joined by Brandon Jordan to go over the recently published Family First Act regarding Medical Practitioners. As a result of the COVID-19 crisis, the government has recently passed a bill to assist Small Business Owners and Medical Practitioners that were not prepared, to weather this storm. Justin and Brandon go over a few issues that might have caused Small Business Owners to have been caught out by the crisis, and look at Section 602 of the Family First Act that will help those in difficulty. Don’t forget to su...2020-03-2036 min
DecaMillionaire DecodedAsk Justin: Advice to Medical Entrepreneurs During the COVID-19 CrisisIn episode 237 of Financially Simple, Justin talks to Chris Mahan of Mahan Associates on how Medical Practitioners like dentists, chiropractors, and optometrists can weather the current COVID-19 crisis. Many Medical Practitioners, as well as other types of small businesses, are feeling the pinch as the COVID-19 pandemic spreads. Justin and Chris talk about what Medical Business owners like dentists, chiropractors, and optometrists should be looking at, checking, and preparing for, to get through the coming weeks. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for li...2020-03-1949 min
DecaMillionaire DecodedAsk Justin: Market Fluctuations due to the Coronavirus - Chris Steward InterviewIn episode 236 of Financially Simple, Justin talks to Chris Steward about the current movements in the markets caused by COVID-19. In recent days (March 2020) the local and international markets have seen significant drops, along with a big price drop in Oil. Justin sits down with Chris to discuss the causes behind the market drop, and where the markets might go from there. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:00 - Chris Steward dis...2020-03-1618 min
DecaMillionaire DecodedAsk Justin: How Much Money Do I Need to Retire?In episode 234 of Financially Simple, Justin answers a question on Retirement. A listener of the podcast asks, How Much Do I Need to Retire? Justin breaks down his answer into the Key Points that you should consider when trying to determine how much is necessary. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:49 - Ask Justin: How Much Money Do I Need to Retire? 03:16 - What is Your Current Lifestyle Like?...2020-03-0919 min
DecaMillionaire DecodedAsk Justin: Is $500 per Month Enough for an Investment Saving Plan?In episode 233 of Financially Simple, Justin answers a listener’s question on Saving for Retirement. As an employee of a business, you might have a Pension Plan, but it is also a good idea to have your own Savings Plan in place, just in case. Justin compares Gross Income to Net Income, and considers how much is enough to put aside each month, as well as providing some insight into Pension Plans and why it’s a good idea to have your own Savings Plan. Don’t forget to subscribe, and let us know how we are...2020-03-0518 min
DecaMillionaire DecodedAsk Justin featuring Scott Snider: What is it Like to Work in a Family Business as the Second Generation?In episode 232 of Financially Simple, Justin talks to Scott Snider of the Exit Planning Institute about working in a second generation family business. Coming into a family-owned business, whether second generation or older can be a trying experience - maintaining family ties through good communication, receiving offers, and expanding the business can test family bonds. Justin and Scott discuss what it’s like to come into a family business, and how to best manage the stresses that might occur. Don’t forget to subscribe, and let us know how we are doing by leaving a revi...2020-03-0224 min
DecaMillionaire DecodedAsk Justin: How Should I Prioritize Excess Income When Starting a business, and Can I Grow My Savings at the Same Time?In episode 231 of Financially Simple, Justin answers a question on handling finances when planning to save and starting a business at the same time. If you’re debt-free and have a modest lifestyle, and are planning on starting a business as well as to start saving for retirement - what is the best way to utilize the excess income to best achieve those goals? Justin breaks down the question, addresses each part, and gives his advice on taking on good debt when starting a business. Don’t forget to subscribe, and let us know how we a...2020-02-2722 min
DecaMillionaire DecodedAsk Justin feat. Jonathan Mills Patrick: Should I Become an Entrepreneur?In episode 230 of Financially Simple, Justin welcomes back Jonathan Mills Patrick to the podcast to discuss the pros and cons of being an Entrepreneur. In an earlier "Ask Justin," episode, the question of whether or not to become an Entrepreneur over an Employee was asked. Justin and Jonathan revisit the question and compare the pros and cons of following either route. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:18: Ask Justin feat. Jonathan Mil...2020-02-2431 min
DecaMillionaire DecodedAsk Justin: Do I Make Enough to Necessitate Wealth Management Services?In episode 229 of Financially Simple, Justin answers a question on when to hire a Financial Planner. Cindy asks, "At what point should I consider hiring a Financial Planner - How much should I be making to necessitate having one?" Justin goes over a few factors that you might consider when thinking about hiring a Financial Planner and gives his own opinion on when it’s best to do so. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME...2020-02-2017 min
DecaMillionaire DecodedAsk Justin: I’ve Inherited a Family Business, Should I Sell It or Grow It?In episode 228 of Financially Simple, Justin answers a listener’s question on inheriting a Family Business. Jack has taken over his late father’s business, and asks for guidance on whether he should continue with the business and grow it further or sell it. Justin gives advice based on his own experiences as a business owner and a financial advisor to other business owners. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:13 - Ask Jus...2020-02-1722 min
DecaMillionaire DecodedAsk Justin: How Does the Stock Market React During a Presidential Election Year?In episode 227 of Financially Simple, Justin gazes into his crystal ball to answer a listener’s question on predicting the stock market during an election year. Tiffany asked, "How does the Stock Market react during a Presidential Election Year?" Justin looks at different studies that have tried to analyze the market’s movements, in order to predict outcomes. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:45 - How Does the Stock Market React During...2020-02-1320 min
DecaMillionaire DecodedAsk Justin: How Do You, Justin, Handle The Stresses Of Being a Business OwnerIn episode 226 of Financially Simple, Justin answers two questions from different listeners, relating to his own business practices. Cindy asks Justin, "How do you, as a Business Owner, handle the stresses of running your business?" And Himan asks, "How do you handle decisions and doubt?" Justin has a candid “fireside chat” about these issues, and how he personally deals with them. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:41 - Ask Justin: How Do You...2020-02-1023 min
DecaMillionaire DecodedAsk Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy My Business?In episode 225 of Financially Simple, Justin answers a listener’s question on what steps to take if you receive an offer for your business. Charlie asks Justin, "What steps should I take to decide if I should accept an offer for my business?" Justin explains what factors to assess in your personal life, and within the business itself, to determine whether or not the business should be sold. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX...2020-02-0414 min
DecaMillionaire DecodedAsk Justin & Jeff: How Do I Determine How Much I Need To Retire?In episode 224 of Financially Simple, Justin and guest co-host Jeff Jeter look at the personal finance needs of Retirement. Podcast listener Sarah asks, "How Do I Determine How Much I Need to Retire?" Justin and Jeff look at the personal and business criteria, as well as other considerations to take into account when determining How Much. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 03:09 - Ask Justin & Jeff: How Do I Determine How Muc...2020-01-3021 min
DecaMillionaire DecodedAsk Justin: What Should I Be Doing Right Now in My Business Finances?In episode 222 of Financially Simple, Justin answers the second part of a question regarding plans for the new year. Tim asks, “What is the number one thing I should be doing right now in my Personal Finances, and Business?” Justin addresses the second part of the question, regarding Business Plans, and briefly goes over the need for Strategic Planning. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:27 - Ask Justin: What Should I Be Doin...2020-01-2317 min
DecaMillionaire DecodedAsk Justin: What Should I Be Doing Right Now in my Personal Finances?In episode 221 of Financially Simple, Justin answers a question regarding plans for the new year. Tim asks, “What is the numbering thing I should be doing right now in my Personal Finances, and Business?” Justin gives his opinion for having a fresh start to the year 2020, and addresses the issue of Personal Finances in this first part of of the answer. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:58 - Ask Justin: What Should...2020-01-2015 min
DecaMillionaire DecodedAsk Justin: Starting an InvestmentIn episode 219 of Financially Simple, Justin answers a question posed to him by a listener of the podcast. Podcast listener, Allan - recently divorced and coming up to retirement - poses the question, "How should I go about starting an investment fund with my specific situation, and what are the costs?" Justin goes over the question and gives his suggestions for a plan of action. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:45 - L...2020-01-1324 min
DecaMillionaire DecodedAsk Justin: Q&A SessionIn episode 218 of Financially Simple, Justin answers a question posed to him by a listener of the podcast. Podcast listener, Adam from Grand Rapids MI, poses the question, "Should I pay off my house early and invest until retirement, or sell and buy my retirement home with the plan to have it paid up by retirement?" Justin breaks down the question, bit-by-bit, and gives his take on the matter. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIM...2020-01-0929 min
DecaMillionaire DecodedGrowing the Value of Your BusinessYour business is alive and humming along. You now need to be focusing on growth. Certified Value Growth Advisor Justin Goodbread considers some of the business professionals he has had experience with on his own business journey and compares the goal of growth for profit vs. growth for value. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Read the Blog Post: BLOG: An Introduction to Increasing the Value of Your Small Business TIME INDEX: 00:37 - Grow...2018-06-1412 min
DecaMillionaire DecodedStarting a Business Series - Assessing Your Big IdeaWelcome to the newest podcast series from Financially Simple: Starting a Business. Justin Goodbread, as a financial planner with years of business planning and growth, is talking to you... someone that is considering starting a business. In this podcast, he talks about the thought processes and intent of starting a business, as well as what will keep you motivated and on track. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT: BLOG: Starting a Business Series - As...2018-03-2619 min
DecaMillionaire DecodedPlanning the Sale of Your Business MUST Start at the EndIn the second episode of Financially Simple, Justin starts at the end – selling your business. Knowing the end goal sets the target, so that planning your business and keeping on track becomes easier. Justin talks about how 80% of small businesses never sell, typically because they don’t last long enough. He considers what makes a business successful, and what makes a business sellable. In the process, Justin talks about Value Acceleration, and the Four Cs – the things that matter to business buyers. Don’t forget to subscribe, and let us know how we are doing by leavi...2018-01-1026 min
DecaMillionaire DecodedIntroduction to Building A Sellable Business Podcast - The Who and WhyThe Purpose of the “Building a Sellable Business” Podcast In this, the first episode of Financially Simple's Building A Sellable Business podcast series, Justin Goodbread, shares his story of how he started and sold his first business and moved to Knoxville Tennessee, before eventually becoming a CFP® practitioner and CEPA, and starting his own Financial Planning company. Additionally, Justin shares how this experience and knowledge brought him to today... recording the podcast that helps small business owners analyze and grow their business with the goal of selling it for its maximum value when you want to retire. Justin...2018-01-0825 min