Is Your Business Worthless Without You? | Robert Young & Doug Cellini

Hey! I'd love to hear your thoughts, send me a voice note. Is your business actually worth what you think it is? Many owners think their business is worth a lot of money - they often guess too high because of the love for their work. But in reality, if your business can’t run three months without you driving, it’s definitely worth less than you think. This week on The 1% Podcast, we covered: → Why cash flow, not investment returns, decides most people's financial outcome → The handshake buy sell agreement that can cost a family half a business → Why most business owners don't actually know what their company is worth → The habits we see over and over in multi millionaire clients → Whether you should pay off your mortgage before you retire A good business should be able to work well even when the owner is away. You should have an expert check the value every few years. That way, you know what someone will really pay for it. Chapters 00:00 Intro 01:14 Why Chasing Stock Returns Misses the Point 04:50 Risk Management Beyond Investments 06:59 The Silent Tax Drag 09:38 Why Missing Legal Documents Can Cost Your Family the Business 18:30 What Is Your Business Actually Worth 22:26 Why Half of All Business Exits Are Involuntary 26:04 What Multi Millionaires Actually Do Differently 33:26 Should You Pay Off Your Mortgage 39:45 When Airline Pilots Are Forced to Retire ~~~ Prefer to listen? https://pod.link/6791679944 Kingsview General Disclosure: Kingsview Wealth Management ("KWM") is an investment adviser registered with the Securities and Exchange Commission ("SEC"). Registration does not constitute an endorsement of the firm by the SEC, nor does it indicate that KWM has attained a particular level of skill or ability. The information presented is for educational purposes only. It does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed