“If you’re gonna sell your business, awesome, but you’re gonna be in a better position as a business owner if you don’t have to sell your business in order to be financially independent for the rest of your life.”
— Austin Peterson
We continually strive to improve our operations in order to build long-term wealth, don’t we?
Today we’re super excited as for this episode we have two dynamic personalities Austin Peterson and Landon Mance, Representatives of Backbone Planning Partners and hosts of the Tycoons of Small Biz Podcast.
“When it comes to the financials of the business, business owners typically are looking in the rearview mirror as opposed to looking in the windshield. We’re all guilty of it.” – Landon Mance Share on XBackbone Planning is a wealth management firm that works closely with you to design a financial plan to support all aspects of your life and business. Austin and Landon are not CFOs or CPAs, but they know exactly what business owners need to thrive.
Join Tersh Blissett and Joshua Crouch as they speak with Austin and Landon about long-term wealth-building strategies you can start implementing today!
This episode discusses:
- The key differences between a CPA, CFO, and Wealth Manager/Advisor.
- How a Fractional CFO can benefit your service business.
- Long-term wealth-building strategies for trades business owners.
Are you looking for tips and strategies for long-term wealth building as a trade business owner? Then you’re at the right place! Tune in to this episode right away, you don’t want to miss this episode!
Austin Peterson and Landon Mance are hosts of the Tycoons of Small Biz Podcast. They’re also Representatives of Backbone Planning Partners, a cross-disciplinary wealth management firm specializing in family-owned/closely held businesses and high net-worth individuals. They believe your business and personal goals are intertwined, and they work to design a financial plan to support all aspects of your life.
Landon talks about what’s the difference between a wealth manager and a CPA or CFO
[20:29-21:00] ”We just knew the right questions to ask… They’re in the business every day, so they know it better than we do. We just help to lead them down that path, identify some issues, and then help them to figure out what needs to be done, precisely, to get it fixed moving forward,” says Landon Mance
Landon shares the Tactic that Will COMPLETELY Change the Trajectory of Your Business
[23:57-25:12] “When it comes to the business’s financials, business owners typically look in the rearview mirror as opposed to looking in the windshield. We’re all guilty of it. A really good finance person… they are going to do two things……,” says Landon Mance
How to Solve the #1 Problem With Your Financial Management Team
[33:16-34:20] “You’ve got these 5 people you need to surround yourself with… taking that one step further, Tersh, this is why we get hired……,” says Landon Mance
The show further talks about Building and Managing Wealth for Private Business Owners
Austin and Landon recently joined Service Business Mastery Podcast and here are some highlights of the podcast:
- They discuss how a Fractional CFO can benefit your business.
- The difference between a CPA, CFO, and Wealth Manager/Advisor.
- Long-term wealth-building strategies for trades business owners.
- Why a 401K is the #1 wealth-building strategy for small business owners
Key Resources From The Show:
- This episode is kindly sponsored by Sera, Podium, and CompanyCam for a 14-day trial and 50% off your first two months). and UpFrog
- Visit their website Backbone Planning Partners
- Connect with them on LinkedIn
- Listen to Tycoons of Small Biz Podcast: https://tycoonsofsmallbiz.com
- Join the Service Business Mastery Facebook group.
- Email us at Podcasts@ServiceBusinessMastery.com
- Learn all about the Hosts of Service Business Mastery!
Meet the Guests:
Austin Peterson and Landon Mance are hosts of the Tycoons of Small Biz Podcast. They’re also Representatives of Backbone Planning Partners, a cross-disciplinary wealth management firm that specializes in family-owned/closely held businesses and high net-worth individuals. They believe your business and personal goals are intertwined, and they work to design a financial plan to support all aspects of your life.
Links to content here:
Visit their website: https://www.backboneplanning.com
Connect with them on LinkedIn: https://www.linkedin.com/company/backbone-planning-partners
Listen to Tycoons of Small Biz Podcast: https://tycoonsofsmallbiz.com
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