How to Build Financial Stability in a Small Business for Maximum Value

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In episode 129 of Financially Simple, Justin answers a listener’s question on achieving financial stability.

Having financial stability in your business is like having smooth, calm waters to go fishing. And having a financially stable business will increase its value and attractiveness to potential buyers down the line. Justin goes over three areas that business owners should address in order to achieve financial stability.

TIME INDEX:

01:41 - How to Build Financial Stability in a Small Business for Maximum Value

02:19 - Still Waters

06:05 - Recurring Revenue

09:23 - Broad Customer Base

11:33 - Team Centric

13:17 - Wrap up

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DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

149 episodes available. A new episode about every 3 days averaging 17 mins duration .