Optimizing Your Financial World - Episode 24 (Stress Testing for Successful Business Owners)
There is an important question that business owners should be asking themselves: How confident are you that your business planning efforts are on track to get you the results you want and need?
Unfortunately, many business and wealth plans aren’t fully aligned with their owners’ goals. On the latest episode of Optimizing Your Financial World, we examine how a business stress test can help entrepreneurs determine where they stand and what changes may need to be made to keep their companies on track!
Timecodes:
0:06 - Introduction and overview on the topic of the day
2:30 - What is a stress test and what does it entail?
4:09 - Stress testing is focused on results
5:40 - The human element plays a role in stress testing
7:12 - How an entrepreneur can benefit from the stress testing process
9:09 - How a stress test can address issues within exit planning
11:00 - How stress test can help with asset protection planning efforts
12:34 - Retirement planning can also be addressed via stress testing
14:10 - Questions you should be asking yourself
17:05 - Are you taking advantage of tax efficient strategies?
18:40 - How to get in touch with Mark and his team
19:32 - Closing remarks
Connect with Mark Wade:
