Episode 156: Understanding The Leverage Of "Who Not How" For Business Success The Whole Wealth Journey podcast

Episode 156: Understanding the Leverage of "Who Not How" for Business Success

3d ago 53:20

Content provided by Gebhardt Group, Inc. and Gebhardt Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gebhardt Group, Inc. and Gebhardt Group 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.

We would love to hear what you have to say about this episode. Please send us a text.

Transitioning from work to the later stages of life doesn't have to be daunting. Discover how focusing on "who" can be far more effective than getting lost in the "how." Your hosts, Jim Gebhardt and Matthew Grishman discuss how embracing your unique abilities and outsourcing tasks can transform potential roadblocks into opportunities, with real-life examples like planning a memorable family vacation and adapting to technological shifts. In the world of entrepreneurship, we also tackle the identity crisis many face when stepping out of ownership roles, emphasizing the importance of planning and finding fulfillment beyond business.

Building a strong financial foundation is crucial for navigating business transitions successfully. We underscore the need for comprehensive financial planning and the role of a dedicated wealth management team in achieving clarity after a business exit. As entrepreneurs, it's vital to seek specialized advice rather than relying on familiar but less qualified acquaintances. Explore the complexities of financial planning for business owners and learn how bridging the wealth gap can be tackled with expert support. Our conversation is enriched with personal experiences, illustrating the balance needed in both business and personal life to ensure a prosperous future. Properly utilizing the multiple legs of the stool analogy leads to comprehensive success.

To learn more about the "Who Not How" process, you can find the book in this LINK.

CHAPTER SUMMARIES

(00:00) Whole Wealth Journey Podcast Discussion
Gratitude and vulnerability are explored through personal experiences, highlighting the unexpected lessons and support from family.
(08:34) Unlocking Wealth
Shift mindset to focus on unique abilities, outsource tasks, and find the right people for success in life and business.
(17:58) Preparing Business Owners for the Future
Entrepreneurs face identity crisis when transitioning out of ownership, seeking guidance and support for business exit and personal fulfillment.
(28:26) Financial and Business Team Building
Personal financial planning is crucial for entrepreneurs, who often overlook it until a significant event like an ESOP necessitates a shift in focus.
(39:55) Navigating Business Wealth With Who's
Understanding the value of one's business and the importance of a supportive team for financial planning.
(52:12) Financial Advisory Disclaimer Statement
Jim Gebhardt and Matthew Grishman are financial advisors, not affiliated with each other, providing historical market references for informational purposes.
You can learn more about The Whole Wealth Journey by visiting The Gebhardt Group.