Chapter
Importance of Financial Planning before selling a business
52:19 - 55:43 (03:24)
The speaker shares his experience of realizing the importance of financial planning before selling a business and how one should strategically use the money obtained from the sale to ensure long-term success by investing in buying tickets to events and conferences or receiving coaching.
Clips
The speaker discusses the importance of developing a money mindset that allows for investing in future opportunities rather than just saving for day-to-day living expenses.
52:19 - 53:36 (01:17)
Summary
The speaker discusses the importance of developing a money mindset that allows for investing in future opportunities rather than just saving for day-to-day living expenses.
ChapterImportance of Financial Planning before selling a business
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The value of your business lies in its cash flow, so instead of selling your business to gain cash, focus on increasing your cash flow.
53:36 - 55:02 (01:26)
Summary
The value of your business lies in its cash flow, so instead of selling your business to gain cash, focus on increasing your cash flow. This ensures that you don't lose your source of income once you sell the business.
ChapterImportance of Financial Planning before selling a business
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The speaker discusses how taking low-risk paths, even if it means leaving a secure job for entrepreneurship, can lead to greater success than staying on a guaranteed path to failure.
55:02 - 55:43 (00:40)
Summary
The speaker discusses how taking low-risk paths, even if it means leaving a secure job for entrepreneurship, can lead to greater success than staying on a guaranteed path to failure.