Culture wants us to buy into the myth that if we just earn another dollar, we will be happy.   What if I told you that taking intentional rest and optimizing your mental health could be the key to unlocking your full potential as an entrepreneur?  In the latest episode of the Vital Strategies Podcast, host Patrick Lonergan dives into the world of mental health with licensed therapist, counselor, and mental health coach, Amanda Asay. Drawing from their personal experiences, Patrick and Amanda offer insights from the viewpoint of entrepreneurs, challenging the common belief that achieving financial success or reaching the next level will automatically lead to happiness.   They discuss topics such as understanding one's level of tolerance to deal with the challenges of life, identifying mental health baselines, and developing tools to navigate the ups and downs of emotions. Patrick and Amanda also explore the relationship between stress and intentional rest, challenging limiting beliefs around rest and highlighting the inability to "hustle" one's way to happiness.  Key Takeaways:  Mental health is a continuous journey, not a final destination Exploring the myth that financial success will make us happy. Taking proactive steps is crucial when struggling with mental health Developing tools to navigate emotional ups and downs that everyone will face in life no matter your financial or business success. Challenge limiting beliefs around rest.  Listeners are encouraged to connect with Amanda through her website and explore how practices like mindfulness, including their shared experience with Lego, can play a transformative role in mental health maintenance.    Resources:    Visit www.vitalstrategies.com to download FREE resources      Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies     Follow on Instagram at https://www.instagram.com/vital.strategies       Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast      Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/        Credits:     Sponsored by Vital Wealth     Music by Cephas     Audio, video, and show notes produced by Podcast Abundance    Research and copywriting by Victoria O'Brien

Curious about the qualifications for tax credits? We're breaking down the criteria and debunking common myths to help you navigate the tax landscape with confidence.     Host Patrick Lonergan sits down with tax strategy expert Matthew Geltz from KBKG to explore the world of holistic tax planning. With a focus on specialty services and innovative approaches, Geltz sheds light on how businesses and individuals can optimize their tax savings.    Throughout the discussion, Geltz provides invaluable insights into key tax strategies, such as Cost Segregation studies and the significance of creating distinct buckets to maximize deductions effectively. Listeners get to listen in as Patrick and Matthew explore tax credits, including opportunities surrounding energy efficiency initiatives like 179D. They will discuss the intricacies between energy efficient tax credits and deductions. Geltz explains the pitfalls with concepts such as the Employee Retention Tax Credit, offering clear guidance on qualification criteria and potential rewards for eligible businesses.    From understanding the nuances of how to qualify for these deductions and credits and navigating changes in legislation, Geltz and Lonergan provide listeners with actionable strategies to optimize tax planning and capitalize on available incentives.    Key Takeaways:  Understanding the nuances of Cost Segregation studies Exploring tax deductions such as 179D, presents opportunities for maximizing savings Distinguishing between tax credits and deductions Qualification criteria for tax credits involve both qualitative and quantitative assessments Have professionals on your side to stay up on legislative changes, is key to effective tax planning  Resources:    Guest contact: Matthew.gelt@kbkg.com Visit www.vitalstrategies.com to download FREE resources      Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies     Follow on Instagram at https://www.instagram.com/vital.strategies       Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast      Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/        Credits:     Sponsored by Vital Wealth     Music by Cephas     Audio, video, and show notes produced by Podcast Abundance    Research and copywriting by Victoria O'Brien

Have you ever wondered why some businesses thrive while others struggle to stay afloat?   Hint: it's not luck or chance. Get ready to explore the framework for building a resilient and prosperous business.  In today’s episode, host Patrick Lonergan guides entrepreneurs on a transformative journey from amateur financial structures to organized, effective systems called the Entrepreneur Private Office. The Entrepreneur Private Office was born from his personal experience as an entrepreneur as well as working with successful entrepreneurs who are making over $1,000,000 a year.  This episode accelerates wealth building and cash flow optimization, focusing on understanding cash flow fundamentals, setting liquidity thresholds, and automating financial processes.   We address common pitfalls, such as debt management, and offer insights into active vs. passive income. This episode is packed with actionable strategies and a sneak peek into the remaining cornerstones of wealth building, setting the stage for a comprehensive approach to move from having an amateur financial structure to a professional one.  Key Takeaways:  Transition from amateur financial structures to organized, effective systems with the Entrepreneur Private Office framework.Accelerate wealth building and optimize cash flow through actionable strategies. Learn how to not fall victim to the number one reason businesses go out of business – running out of cash. Learn techniques for automating financial processes and optimizing active and passive income streams.Address common pitfalls in debt management and prioritize strategic debt repayment.  Resources: Visit www.vitalstrategies.com to download FREE resources      Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies     Follow on Instagram at https://www.instagram.com/vital.strategies       Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast      Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/        Credits:     Sponsored by Vital Wealth     Music by Cephas     Audio, video, and show notes produced by Podcast Abundance    Research and copywriting by Victoria O'Brien

Curious about the role of innovative financial solutions in empowering plaintiff contingent fee law firms to grow their businesses?      In today’s episode, we explore the fascinating world of tax strategy and financial planning with our special guest, Mike McGarry. As the Managing Director at Optcapital, Mike brings a wealth of expertise in crafting innovative solutions tailored to the unique needs of plaintiff contingent fee law firms.      Mike sheds light on the complexities of tax strategy surrounding the huge swings in income for contingent fee law firms. He explores the intricacies of deferral programs versus structured fees, offering insights into how both solutions aim to address the challenge of managing large contingent fees and timing income recognition.      Key Takeaways:   Tax strategy and financial planning is vital for plaintiff contingent fee law firms  The deferral program tackles managing large fees and the timing of when the income becomes taxable  The plan streamlines complex transactions with flexible contributions and withdrawal rights     Resources:    Visit www.vitalstrategies.com to download FREE resources      Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies     Follow on Instagram at https://www.instagram.com/vital.strategies       Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast      Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/        Credits:     Sponsored by Vital Wealth     Music by Cephas     Audio, video, and show notes produced by Podcast Abundance    Research and copywriting by Victoria O'Brien

Are you ready to take your business to new heights? In our latest episode of the Vital Strategies Podcast, we had the privilege of hosting strategic business coach David Greer, who shared wisdom he has earned over the last 40 years of being in business. We discuss navigating growth plateaus and unlocking your business's full potential.  David shares the importance of strategic planning and forward-thinking. From crafting a master plan that encompasses both business and personal growth to understanding market dynamics and fostering a culture of high performance, David leaves digs into what it takes to run a successful business.  So, join us as we embark on a transformative journey with David Greer, discovering the keys to unlocking growth, fulfillment, and resilience in both business and life.  Key Takeaways:  Crafting a master plan, setting clear goals, utilizing tools like the One Page Strategic Plan Financial Best Practices How to Manage People and Culture Creating an Ideal Week for Entrepreneurs  Resources:   Visit www.vitalstrategies.com to download FREE resources     Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    Follow on Instagram at https://www.instagram.com/vital.strategies      Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:    Sponsored by Vital Wealth    Music by Cephas    Audio, video, and show notes produced by Podcast Abundance   Research and copywriting by Victoria O'Brien

Do you want to ensure your assets are shielded from creditors and legal liabilities? Learn how to legally avoid paying the federal estate tax which is 40%. Join us for an insightful discussion on asset protection and estate planning with Kyle Irvin.  In our most recent episode, we sit down with Kyle Irvin, an expert in asset protection and estate planning. I have worked closely together with Kyle for years. He brings practical wisdom to the table, unraveling the complexities of asset protection strategies and legal nuances across different states.  In this episode, Kyle explains the various levels of asset protection, from safeguarding your home and retirement accounts to navigating the intricate laws surrounding LLCs and corporations. He sheds light on critical components to ensure solid asset protection, including the importance of annual meetings, maintaining corporate records, and treating LLCs as bona fide businesses.  Unlock the secrets to securing your financial future and leaving a lasting impact for generations to come.  Key Takeaways:  Comprehensive asset protection strategies Key components of asset protection Leveraging LLCs and corporations Advanced techniques like siloing assets and series LLCs Utilizing trusts for estate planning  Resources:   Visit www.vitalstrategies.com to download FREE resources     Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    Follow on Instagram at https://www.instagram.com/vital.strategies      Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:    Sponsored by Vital Wealth    Music by Cephas    Audio, video, and show notes produced by Podcast Abundance   Research and copywriting by Victoria O'Brien

Episode coming soon! Resources:   Visit www.vitalstrategies.com to download FREE resources     Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    Follow on Instagram at https://www.instagram.com/vital.strategies      Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:    Sponsored by Vital Wealth    Music by Cephas    Audio, video, and show notes produced by Podcast Abundance   Research and copywriting by Victoria O'Brien

Do you find financial planning to be a one-size-fits-all experience? Challenge that notion with the Vital Strategies Podcast, where we discuss the importance of personalized, proactive planning tailored to your unique goals.  In this episode, Patrick Lonergan and Steven Jarvis unpack Vital Wealth's core principles, initially featured on the Retirement Tax Services Podcast. Discussing the crucial link between tax savings and wealth building, involving proactive tax planning, cash flow optimization, and strategic funding.   Discover how Vital Wealth strategically positions clients' finances to minimize tax liabilities, explore their pricing model, and understand the importance of ongoing client involvement in crafting tailored strategies. From onboarding specifics to monthly expectations, the episode highlights the significance of maintaining an active partnership with clients.  Key Takeaways:  The Vital Strategies Podcast Origin Tax and Wealth Connection Minimizing Tax Liabilities Comprehensive Approach to Proactive Tax Planning  Resources:  Visit www.vitalstrategies.com to download FREE resources    Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies   Follow on Instagram at https://www.instagram.com/vital.strategies     Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast    Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/    Credits:   Sponsored by Vital Wealth   Music by Cephas   Audio, video, and show notes produced by Podcast Abundance  Research and copywriting by Victoria O'Brien

This week, Patrick takes you on a journey through some of the most impactful moments from the last quarter. We're thrilled to present a compilation of insights and wisdom from our incredible guests. We are focusing on the crucial topics of tax strategy, wealth building and setting up your business for long-term success.  Tune in as we revisit key highlights, featuring expert tips on tax strategy, wealth management, entrepreneurial growth strategies, and visionary insights on future-proofing your business. Each snippet is carefully selected to provide you with a taste of the valuable knowledge shared by the experts we’ve had on the show.  As we dig into this compilation, we want to express our gratitude to the guests that have joined our podcast. Their wisdom allows us to pay less tax and build more wealth so we can live a great life. We're excited to celebrate their contributions in this episode. We encourage you to explore the full interviews with these guests on our podcast page and keep an eye out for more expert guest.  Key Takeaways:  Important Tax Saving Opportunities Wealth Management Insights Entrepreneurial Growth Strategies Future-Proofing Your Business  Resources:  Visit www.vitalstrategies.com to download FREE resources    Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies   Follow on Instagram at https://www.instagram.com/vital.strategies     Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast    Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/    Credits:   Sponsored by Vital Wealth   Music by Cephas   Audio, video, and show notes produced by Podcast Abundance  Research and copywriting by Victoria O'Brien

Today we sit down with tax expert Kevin Jerry to unlock a world of possibilities in real estate. Having personally witnessed Kevin save a client $1.5 million in income tax, we explore how his unique approach bridges the gap between your CPA's services and beyond.    In this episode, Kevin digs into Cost Segregation, Tangible Property Regulations, and Partial Asset Dispositions, illustrating their interconnectedness with real-world examples. Discover the opportunities each strategy unveils, and don't miss our discussion on the often-overlooked tax incentives for real estate.    Key Takeaways:  Strategic Concepts Explored How to Take Advantage of Deductions in the Past Tax Incentives    Resources:  Visit www.vitalstrategies.com to download FREE resources    Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies   Follow on Instagram at https://www.instagram.com/vital.strategies     Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast    Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/    Credits:   Sponsored by Vital Wealth   Music by Cephas   Audio, video, and show notes produced by Podcast Abundance  Research and copywriting by Victoria O'Brien

Have you ever considered what makes your business truly valuable? Join us as we unravel the key component that could redefine the worth of your company. In this episode of the Vital Strategies Podcast, we sit down with Derek Ripp, a leading expert in Business Exit Planning. Together, we explore the intricacies of the 5, 4, 3, 2, 1 method - emphasizing proactive planning over reactivity. We take a look at business exit plan from the seller and buyer point of view and how to maximize your businesses value. A standout moment in our conversation revolves around identifying the singular component that adds unparalleled value to your company. We also unravel the three key areas integral to business exit planning, shedding light on the pivotal role of third-party advisors. Don't miss this episode, where we empower entrepreneurs to construct a comprehensive exit plan, setting the stage for a secure and regret-free retirement. Key Takeaways: 5, 4, 3, 2, 1 MethodTwo Main Options for Selling Your BusinessThe Singular Component of ValueThree Key Areas of Business Exit PlanningSetting Up for Retirement Without Regret Resources: Visit www.vitalstrategies.com to download FREE resources   Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies  Follow on Instagram at https://www.instagram.com/vital.strategies    Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast   Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:  Sponsored by Vital Wealth  Music by Cephas  Audio, video, and show notes produced by Podcast Abundance Research and copywriting by Victoria O'Brien

Have you ever thought about the tax implications of your life insurance plan? Ken Crabb, the mind behind Restricted Property Trust, did and created a groundbreaking solution. In this episode we welcome Ken Crabb, the visionary creator of the Restricted Property Trust (RPT). Over 25 years ago, Ken embarked on a quest to find a structure for tax-deductible life insurance and ended up creating one of the most innovative solutions in the field.  In this discussion, Ken shares the essence of the RPT, emphasizing the importance of structuring life insurance plans with a sound business purpose. Learn about the trust's selective nature, attaching to a single entity and impacting entrepreneurs with multiple businesses. Ken explains the intricacies of maximizing deductions, lowering tax bills, and how RPTs facilitate family transitions. Discover the affordability, liquidity, and flexibility of these structures, making this episode a must-listen for those seeking strategic financial planning insights. Key Takeaways: Selectivity of RPTStructuring Life Insurance PlansAudit Resilience Resources: Visit www.vitalstrategies.com to download FREE resources   Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies  Follow on Instagram at https://www.instagram.com/vital.strategies    Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast   Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:  Sponsored by Vital Wealth  Music by Cephas  Audio, video, and show notes produced by Podcast Abundance Research and copywriting by Victoria O'Brien

Securing long-term financial freedom requires careful consideration of cashflow and making calculated investments without jeopardizing business growth. Entrepreneurs must conduct their due diligence by implementing tax strategies, maximizing retirement plans and deductions, and should always consult with professionals to navigate the complexities of financial management successfully.   In this episode, you’ll also hear:  Leveraging family business tax benefits and deductions   Drawbacks of getting your taxable income to zero Proactive vs. reactive approach to taxes   Real estate investing, automation, and maintaining liquidity  Suggestion for working with financial professionals     Must-listen moments:   [00:06:30] If your CPA is over their head with your tax strategy, that's not uncommon. Oftentimes, CPAs, we need to understand that their business model is really just getting the tax return to the IRS in a way that is compliant.  [00:14:43] The QBI deduction, the qualified business income deduction, is the lesser of two numbers, it's the lesser of 50% of your wages or 20% of net income. When you're one of the only employees, or if you've got a small number of employees, you can start changing your, your wage and every dollar in wage brings the net income number down.  [00:28:25] Automation makes all the sense in the world. One of the reasons the 401k for the traditional employee has worked so well is the dollars never hit their bank account. The money comes straight out of their paycheck, goes into the 401k, gets invested, and then they hit retirement with a million, 2 million in their investment account.    If you’re focused on paying less tax and building more wealth, so you can live a great life, fill out a short survey at www.vitalstrategies.com/client to explore working together.   Visit www.vitalstrategies.com to download FREE resources   Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies  Follow on Instagram at https://www.instagram.com/vital.strategies    Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast   Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits:  Sponsored by Vital Wealth  Music by Cephas  Audio, video, and show notes produced by Podcast Abundance Research and copywriting by Victoria O'Brien

There are 3 key components to building real, sustainable wealth, and they aren’t as effortless as the fun, flashy, or as easy as online gurus make it seem.   One of those keys is owning a profitable online business. However, while entrepreneurship CAN create wealth, it comes with several cautionary tales.  With a lens on the tough road to business ownership, we discuss the essential qualities for success—having a solid 'why,' controlling impulses, and fostering innovation.  To create long-lasting wealth, your choice in investments is key. Strap in as we divulge the ins and outs of growing a hefty real estate portfolio, where my partner in life and business, Julie, became the linchpin of our operation. We'll navigate the complexities of financial leverage, the unsung heroes that are tenants, and the surprising benefits of amortization and depreciation.  In this episode, you’ll also hear:  The 3 keys to building wealth 3 key traits of successful business owners   The pros and cons to entrepreneurship Advice for building liquidity into your portfolio My personal journey to becoming a real estate investor    Must-listen moments:   [00:01:32] If you want to keep growing, you must constantly be doing new, hard things that will challenge you.  [00:04:47] You need to be dialed into the marketing and sales with an offering to the marketplace that delivers tremendous value. The more you can spread the word and deliver on your value proposition, the more buyers will find their way to you.  [00:08:35] A good rule of thumb to strive for is to build liquid assets in portfolio wealth equal to one year of income before you start putting money into illiquid assets like real estate and other business opportunities.    If you’re focused on paying less tax and building more wealth so you can live a great life, fill out a short survey at www.vitalstrategies.com/client to explore working together.   Visit www.vitalstrategies.com to download FREE resources.   Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies  Follow on Instagram at https://www.instagram.com/vital.strategies    Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast   Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     Credits: Sponsored by Vital Wealth Music by Cephas Audio, video, and show notes produced by www.podcastabundace.com Research and copywriting by Victoria O'Brien

Liquidity, market shifts, and risk return —what do they mean for your investment portfolio? Get the answers today! On the latest Vital Strategies Podcast episode, host Patrick Lonergan welcomes Kevin Smith, CFA, for a deep dive into building a resilient investment portfolio. Kevin brings his top-tier industry expertise to discuss liquidity, time frames, tax implications, and risk management. The conversation explores the positives and negatives of various investment opportunities, emphasizing the importance of strategic portfolio structuring for favorable outcomes. Kevin’s wealth of experience provides listeners with a deeper understanding of investment portfolio design and risk considerations. Whether you're a seasoned investor or just starting, this episode offers valuable insights that can positively impact your financial decisions. Don't miss out on this opportunity to enhance your approach to investments. Key takeaways: Strategic Portfolio StructuringProactive Corrections NavigationTurning Securities into Cash Resources: 2024 Planning Resources Read the Transcript Submit questions to the podcast Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien

Captive insurance is a cutting-edge strategy that could change the way you protect your business. In this episode, we explore the versatility of captive insurance for asset protection and business security. Discussing its ideal applications; IRS compliance and how captive insurance could lead to substantial savings for your business. Joining us for this discussion is Level 3 tax expert, Chad Spitzer. Chad specializes in developing captive insurance solutions to safeguard businesses. In today’s episode, Chad provides practical examples and red flags to navigate, making it an essential listen for those seeking advanced strategies to fortify their financial stability. Key Takeaways: Ideal candidates and business scenarios for captive insurance.Practical examples of captive insurance applications.IRS scrutiny and compliance. Resources: 2024 Planning Resources Read the Transcript Submit questions to the podcast Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien

Considering advanced tax planning but unsure about the benefits and pitfalls? We've got the answers you need. In this episode, host Patrick Lonergan, navigates the complexities of Level 3 tax strategies, where creativity meets a fair amount of risk. While these strategies undergo close scrutiny from the IRS, we provide insights into how the right approach can ensure compliance and unlock substantial benefits. We take a look into taxes from the government's perspective, offering a deeper understanding of compliancy, and pack the episode with real-world examples and essential considerations for a proper setup.  Join us, as we explore Level 3 Tax Planning, providing a roadmap for tax optimization while staying compliant with the IRS. Whether you're a seasoned entrepreneur or an individual looking to enhance your financial tactics, this discussion is packed with actionable strategies that can transform your approach to tax planning. Key Takeaways: Unpacking Level 3 StrategiesIRS Compliance InsightsBenefits vs. Risks Resources: 2024 Planning Resources Read the Transcript Submit questions to the podcast Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien

When planning to sell your business, having a strategic exit plan in place is crucial to ensure a successful transition. Join podcast host Patrick Lonergan along with business exit-plan expert David Barnett as they guide you through the process of buying and selling businesses. With over 25 years of experience, David shares unique insights to help entrepreneurs navigate the complexities of selling their businesses. This episode explores the details of typical exit strategies with real-world examples and practical tips. You’ll discover the art of structuring a deal that benefits both sellers and buyers, along with advice on post-closing payments for a seamless transition. Key Takeaways: Strategic Deal Structuring for Mutual BenefitAvoiding Common PitfallsTransition Planning Tune in now to strategize your business exit and set the stage for future success! Resources: David C Barnett 2024 Planning Resources Read the Transcript Submit questions to the podcast Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien

Let’s make 2024 your best year yet! In this episode, podcast host Patrick Lonergan digs into key strategies to ensure you are set on course for success in the new year. Learn the importance of working on the business, not just in it, developing a long-term success strategy, identifying limiting beliefs, setting goals, establishing primary objectives, and crafting a compelling vision. Packed with resources and tools, this episode provides a roadmap for listeners to navigate towards their most successful year. Key takeaways: Develop a robust strategy for long-term successSet clear and achievable goals for personal and professional growthAccess a wealth of resources and tools to support your journey Resources: 2024 Planning Resources Read the Transcript Submit questions to the podcast Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien

Ever thought about how successful entrepreneurs prepare for selling or transitioning their businesses? Today, we're discussing the benefits of selling to an Employee Stock Ownership Plan (ESOP) with podcast host, Patrick Lonergan and seasoned business professional, Brad Ethridge. Brad Ethridge is well known in the business landscape with a career spanning back to 1985. With experience in individual financial planning, leading international sales and marketing, and launching several successful businesses, including multiple Insurance Marketing Organizations (IMOs), Brad's entrepreneurial prowess is unparalleled. He is recognized for his expertise in Business Exit Strategies, particularly with a focus on ESOPs. Brad's dedication lies in structuring ESOPs aggressively in the best interest of the owner. In this conversation, Patrick and Brad unravel the intricacies of Employee Stock Ownership Plans (ESOPs) and the art of crafting effective exit strategies for business owners. Key takeaways: Strategic exit optionsTax benefits of ESOPsEmployee involvement and retention Resources: Read the Transcript Submit questions to the podcast GET THE FIVE MINUTE TAX MAKEOVER Credits: Sponsored by Vital Wealth Music by Cephas Produced by BrightBell Creative Research and copywriting by Victoria O'Brien