Join us for episode 10 of Building Wealthy Habits where we discuss the different cycles that most businesses experience.
Laura and Jeremiah talk about the launch phase where entrepreneurs work long hours to test their ideas. They then describe the growth phase where businesses hire employees and seek financing. Next, they examine the maturity phase where profits level off and companies focus on sustainability. Laura and Jeremiah emphasize the importance of reinvention to stay competitive. They conclude by stressing the need for succession planning to ensure long-term success of the business.
Reach out at [email protected]
This week on Building Wealthy Habits:
- 0:00 Business cycles and entrepreneurship.
- 3:41 Entrepreneurship and business launch.
- 11:10 Business growth and financial planning.
- 16:00 Business growth and maturity.
- 22:48 Business growth and succession planning for entrepreneurs.
Connect with Jeremiah:
- LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
- Email: Jeremiah@tricordadvisors.com
Connect with Laura:
- LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
- Email: Laura@tricordadvisors.com
This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.