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#759 - Unlock Wealth Through Financial Fluency

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Manage episode 423406943 series 2676727
Content provided by Dan Andrews; Ian Schoen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dan Andrews; Ian Schoen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Dan and Ian discuss the credible and reliable ways to build wealth through your business, based on the work of author Keith Cunningham.

The conversation emphasizes building a financially sound foundation for your business by understanding and applying financial principles, planning effectively, managing risks, and maintaining financial discipline.

As Cunningham says, "Building a business without mastering the financial statements is like building a house on the beach. It’s not if the tide will come in, it’s when. And the tide always comes in."

Enjoy this week's episode as you consider how to build a durable business for long-term success!

Dan & Ian’s Stuff:
Our book: Before the Exit
The Newsletter
“The DC”
DC Accelerator
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan

Chapters
● (00:00:44) Introduction: Credible and Reliable Ways to Build Wealth Through Your Business
● (00:04:09) Building a Durable Business for Long-Term Wealth
● (00:04:54) Mitigating Risks: Excess Capacity, Client Concentration, and Key People Dependency
● (00:11:49) Understanding the Language of Finance for Business Success
● (00:19:01) Sustaining a Business for the Long Term: Commitment and Adaptability
● (00:20:53) Understanding Finance and Starting a Business
● (00:33:50) The Role of Culture in a Company
● (00:35:29) The Responsibilities of a CEO
● (00:37:42) Growth Priorities for Business Success
● (00:39:09) Capital-Efficient Strategies for Wealth Generation

Links:

Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal

Additional episodes you might enjoy:

The Secret Weapon for Pricing Power

How Healthy is Your Business?

The Million Dollar Service Business Playbook

  continue reading

762 episodes

Artwork
iconShare
 
Manage episode 423406943 series 2676727
Content provided by Dan Andrews; Ian Schoen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dan Andrews; Ian Schoen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Dan and Ian discuss the credible and reliable ways to build wealth through your business, based on the work of author Keith Cunningham.

The conversation emphasizes building a financially sound foundation for your business by understanding and applying financial principles, planning effectively, managing risks, and maintaining financial discipline.

As Cunningham says, "Building a business without mastering the financial statements is like building a house on the beach. It’s not if the tide will come in, it’s when. And the tide always comes in."

Enjoy this week's episode as you consider how to build a durable business for long-term success!

Dan & Ian’s Stuff:
Our book: Before the Exit
The Newsletter
“The DC”
DC Accelerator
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan

Chapters
● (00:00:44) Introduction: Credible and Reliable Ways to Build Wealth Through Your Business
● (00:04:09) Building a Durable Business for Long-Term Wealth
● (00:04:54) Mitigating Risks: Excess Capacity, Client Concentration, and Key People Dependency
● (00:11:49) Understanding the Language of Finance for Business Success
● (00:19:01) Sustaining a Business for the Long Term: Commitment and Adaptability
● (00:20:53) Understanding Finance and Starting a Business
● (00:33:50) The Role of Culture in a Company
● (00:35:29) The Responsibilities of a CEO
● (00:37:42) Growth Priorities for Business Success
● (00:39:09) Capital-Efficient Strategies for Wealth Generation

Links:

Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal

Additional episodes you might enjoy:

The Secret Weapon for Pricing Power

How Healthy is Your Business?

The Million Dollar Service Business Playbook

  continue reading

762 episodes

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