How To Grow Your Practice & Your Family’s Wealth at the Same Time with John Barnes

Here’s a critical question that many business owners struggle with, “What happens to your profits after you've earned them?” How can you, as a practice owner, optimize profits and make strategic business investments? How will you allocate funds effectively and target areas of your business that need it most? Join Dave this week as he welcomes back the CEO of Pendleton Street Business Advisors, John Barnes. John is a graduate of The University of North Carolina at Chapel Hill. He serves his community as a member of Forest Acres City Council. He is an active member and Deacon at Shandon Baptist Church. He has served on the local board of Young Life. John previously served as the Chairman of the School Board for Midlands Middle College, a SC charter school that serves at-risk high school students. John is a resident of Forest Acres, South Carolina with his wife, 3 children, and 1 dog.Learn how to exit your business profitably with https://www.pendletonstreetadvisors.com/ In this episode, they will touch on such topics as:How to Maximize Profit and Business Investment: How to build a personal financial plan and allocate your profit in other ventures. The Three Options for What To Do with Profits: Pay yourself, pay down debt, or reinvest in the business.Multi-Partner Businesses and Dividend Policies: The importance of creating a dividend policy for multi-partner businesses. Valuing Business for Retirement Planning: How having a target valuation in mind can give peace of mind to business owners and help ensure that they are getting the most out of their largest assetP.S. Subscribe, rate, and review HereAnd, if you like what you hear from the host, Dave Kittle, then it's possible that he and his team, The Fieldmaker Group, may be interested in acquiring some or all of your physical therapy practice. Learn more about potential partnerships, selling your practice, mergers, and more on our website at https://www.fieldmakergroup.comConnect with him on:Email: [email protected]: @davekittleLinkedIn: https://www.linkedin.com/in/davekittle/orCall (646)-781-8884 Hosted on Acast. See acast.com/privacy for more information.