))
Is your business a wealth asset or just income generation?
Manage episode 343922809 series 3242334
Content provided by David McDonald & John Oliver, David McDonald, and John Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David McDonald & John Oliver, David McDonald, and John Oliver 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://ppacc.player.fm/legal.
- Sub-topic 1 - How to look at your business within your overall wealth (1 stock/Asset?)
- It’s generally ok if your business is your only asset driver, Dave have you ever looked at it like that.
- It’s generally ok if your business is your only asset driver, Dave have you ever looked at it like that.
- Sub topic 2 - With great risk comes great reward. This is why entrepreneurs exist right?
- How do we get by if this is our only asset? Loans, (leverage), partnerships (Advisors) Hedge (Side hustles) People (Hiring great people
- Conclusion- What does this actually mean, why does this matter, what can we do?
- You need to think about the risk and diversify just like any other asset class
- What are the risks, what happens when these risks come along? Business performance risk, systemic risk, cycle risk
- What should your other assets look like? Liquidity, diversification (different drivers), non correlation, Risk adjusted (Insurance?)
46 episodes
Share
