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Stress Testing for Successful Business Owners
Manage episode 396917218 series 3317149
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There is an important question that business owners should be asking themselves: How confident are you that your business planning efforts are on track to get you the results you want and need?
Unfortunately, many business and wealth plans aren’t fully aligned with their owners’ goals.
On the latest episode of Lessons by the Lake, we're examining how a business stress test can help entrepreneurs determine where they stand and what changes may need to be made to keep their companies on track.
Chapters:
0:00 - Introduction and overview on the topic
1:52 - Why a business owner should be considering a stress test in the first place
3:48 - What a stress test is meant to uncover within your wealth plan
7:49 - Most of us don't have $500 million in our portfolio
10:30 - The family is the business. The business is the family.
15:12 - The reactions from those who go through a stress testing process
17:05 - An example of a stress test that Bob and his team conducted
20:30 - How you can get in touch with Bob and his team
22:54 - Closing remarks
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