2: How to Build a Business That Creates Cash Flow, Tax Savings, and Long-Term Wealth

In this episode of the Transformational Wealth Podcast, host Marc Henn, CEO of Harvest Financial Advisors and author of Power Plays of the Wealthy, dives deep into the world of entrepreneurship and business ownership, discussing why businesses are a "super asset class" when it comes to building transformational wealth.Marc is joined by Carter Froelich, a seasoned entrepreneur with an impressive track record as managing principal of Launch Development Finance Advisors, Blackwood Advisors, and Froelich Properties. Marc and Carter met through Strategic Coach, and the two share invaluable insights for both aspiring and seasoned entrepreneurs. Carter traces his journey from a childhood surrounded by business in North Dakota, hustling with neighborhood ventures, to climbing the ranks in public accounting, and eventually breaking out on his own to pioneer innovative financing strategies in land development.Together, they explore what it really takes to make the entrepreneurial leap—covering everything from the mindset shift needed to create meaningful value (instead of just chasing money) to the pivotal role of building the right team and letting go of that need for control as your business matures. Carter opens up about the struggles he faced along the way, the lessons learned from both big wins and failed ventures, and the importance of the four freedoms: time, purpose, relationships, and money.Whether you’re dreaming of starting your own business or looking to push through the inevitable challenges–this conversation is full of candid advice, hard-won wisdom, and genuine encouragement. Get ready to be inspired by real stories and practical tips you can use on your own wealth-building adventure.You can find Marc's book, Power Plays of the Wealthy, at https://marchenn.com/ or anywhere books are sold.Marc Henn is a licensed Investment Adviser with Harvest Financial Advisors, a registered entity with the U. S. Securities and Exchange Commission.