Better Business, Better Life

Better Business, Better Life: Building on Your Success with Terry DuPont Episode 044 Navigating Mindset and Resources for Scaling with Allison Anna

Allison, a seasoned professional with a diverse background in sales, marketing, and data analytics, has worked for several prominent Fortune 500 and Fortune 100 companies. Over the years, she has developed a unique perspective on the topic of “strategies for scaling a business: mindset, marketing, and emotional intelligence”. Allison believes that maintaining a positive mindset and high emotional intelligence are crucial for entrepreneurial success. She emphasizes the importance of utilizing resources like meditation, journaling, and counseling to navigate through difficult times. Moreover, she advocates for the incorporation of emotional intelligence into business practices, as it is a rapidly growing skill and is highly valued by newer generations. Allison’s experiences, including overcoming her own mindset challenges and becoming a bestselling author and empathy expert, have shaped this perspective.

Listen to this informative Better Business, Better Life episode with Allison Anna about navigating mindset.

Here is what to expect on this week’s show:

Allison explains scaling a business can be daunting, but it’s important to overcome challenges and maintain the right mindset.

Allison shares her insights on creating a strong marketing strategy for social media advertising.

Allison discusses the power and importance of emotional intelligence in business.

Connect with Allison:

Website: www.awakenedmarketing.com

Facebook: https://www.facebook.com/officialallisonanna/

Facebook: https://www.facebook.com/awakenedmarketing111/

Instagram: @awakened_marketing

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Better Business, Better Life: Building on Your Success with Terry DuPont Episode 43 Maximizing Business Value Through Strategic Exit Planning with Ray Croff

Ray is CEO and President of Mobius Financial Advisors. Before entering the Financial Services profession, he owned his own business with numerous employees, equipment, and real estate for over 15 years. Combining this invaluable experience with his financial knowledge and education makes him well suited to work with business owners and their families.

Listen to this informative Better Business, Better Life episode with Ray Croff about exit planning.

Here is what to expect on this week’s show:

● Ray discusses his exit planning tools; they focus on de-risking businesses to increase their value in the eyes of potential buyers.

● Ray discovered that only 20% of businesses actually sell when owners go to market, leading him to pursue certifications in exit planning. This low success rate highlights the challenges business owners face when preparing to exit, such as over-dependence on the owner and key personnel retention.

● Ray explains, one of the biggest challenges is getting business owners to understand the risks inherent to selling their business and the importance of preparing for a successful sale.

● Ray emphasizes the need to educate business owners about the process of selling their business to help them make informed decisions and avoid unexpected outcomes.

● Ray understands, business owners face a significant challenge due to the lack of advisors available to provide guidance and support in crucial decision-making processes. This lack of support can lead to detrimental outcomes, as many business owners may not be fully aware of the risks associated with their businesses or how to effectively plan for an exit strategy.

Connect with Ray:

Website: https://mobiusfa.com

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Better Business, Better Life: Building on Your Success with Terry DuPont Episode 042 The Power of Networking for Small Business Owners with Michael Reeder

Michael Reeder, CPA, is the Managing Partner at Reeder CPA Group. He specializes in helping small businesses and entrepreneurs with strategic tax planning, accounting, and business development. This includes guidance on entity setup, funding strategies, tax optimization, and financial projections. Michael is an active member of several esteemed national franchise networks, including the International Franchise Professionals Group (IFPG), FranServe, the Franchise Brokers Association (FBA), and The You Network. Michael holds a Bachelor of Science in Accounting from Northeastern Illinois University.

Listen to this informative Better Business, Better Life episode with Michael Reeder about small business networking.

Here is what to expect on this week’s show:

● Michael emphasizes the allure of small business ownership, highlighting the freedom and autonomy it offers compared to traditional employment. He emphasized that once you experience being your own boss, it’s hard to go back to a corporate or non-entrepreneurial job.

● Michael stresses the importance of proactive financial planning and the burden on CPAs to come up with models that prioritize proactive measures over reactive ones. He emphasized the need for modern CPA practices that cater specifically to small and medium-sized businesses.

● Michael understands his success lies in his ability to collaborate with other professionals and leverage networking opportunities to stay updated on industry best practices. By surrounding himself with a team of advisors and compensating for his weaknesses, he ensures comprehensive financial solutions for his clients.

Connect with Michael:

Website: www.reedercpagroup.com

LinkedIn: https://www.linkedin.com/in/michael-reeder/

Facebook (Business): https://www.facebook.com/reedercpagroup/

Facebook (Personal): https://www.facebook.com/profile.php?id=100009327500878

Instagram: https://www.instagram.com/michaelireeder/

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Isaiah Fritz

– Better Business, Better Life: Building on Your Success with Terry DuPont Episode 041: Your Team is Your Greatest Asset with Isaiah Fritz

Isaiah is a 23-year-old founder of Online Selling Partner, a company partnering with major brands to control and grow their brand on Amazon and beyond! Located in Southern Indiana 7 miles north of Louisville KY.

Listen to this informative Better Business, Better Life episode with Isaiah Fritz

about online selling and working with your team.

Here is what to expect on this week’s show:

● Isaiah explains how and why he started his online company and how it helps his clients.

● Isaiah discusses that people can make or break or your business.

● Isaiah believes the key to success is enriching another’s life.

Connect with Isaiah:

https://www.linkedin.com/in/isaiah-fritz/

Tweets by IsaiahFritzOSP

onlinesellingpartner.com

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Jody Grunden

– Better Business, Better Life: Building on Your Success with Terry DuPont Episode 040 Success is A Journey, Not A Destination

Jody Grunden, Partner at Anders CPAs + Advisors, is an accounting visionary with over 20 years of experience. Jody co-founded Summit CPA Group, a trailblazing firm that pioneered fully distributed operations–making it the first fully distributed accounting firm in the country–and became the top provider of Virtual CFO Services in North America. In 2022, Summit joined forces with Anders CPAs + Advisors, rebranding as Summit Virtual CFO by Anders. This merger brings numerous advantages to Anders, aligning with Jody’s vision of changing the way people think about accounting. These include enhancing the “hybrid” work environment, establishing thought leadership in Virtual CFO Services, and adopting a progressive weekly subscription billing model. Summit Virtual CFO by Anders provides professional Virtual CFO Services to more than 100 companies across the United States, helping business owners dive deep into the financial side of their business to maximize profits, minimize taxes, and increase cash flow. Jody is also an industry speaker and a published author. He literally wrote the book on helping digital companies create a financial roadmap to success, Digital Dollars and Cents.

Listen to this informative Better Business, Better Life episode with Jody Grunden about success.

Here is what to expect on this week’s show:

● Jody explains how he and his wife started virtual CFO services back in 2004 and how he went completely virtual in 2013.

● Jody discusses how he and his wife’s goal is to change the way people think about accounting.

● Jody tells Terry his biggest challenge is undervaluing his services.

Connect with Jody:

Website: Summit Virtual CFO by Anders (summitcpa.net)

Facebook – https://www.facebook.com/vcfobyanders

Twitter – https://twitter.com/vcfobyanders, Jody Grunden (@jgrunden) / Twitter

TikTok – https://www.tiktok.com/@vcfobyanders

Instagram- https://www.instagram.com/vcfobyanders/

LinkedIn – https://www.linkedin.com/company/1258494/admin/, (43) Jody Grunden, CPA | LinkedIn

YouTube – https://www.youtube.com/@vcfobyanders

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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John Emshwiller

– Better Business, Better Life: Building on Your Success with Terry DuPont Episode 039 Always Benefit the Client with John Emshwiller

John Emshwiller is an enrolled agent and President of Emshwiller & Emshwiller Accounting, located in Bluffton and Fort Wayne, Indiana and is the fourth generation of his family to own and operate the family business. He has 29 years of experience helping business and personal clients with their taxation, bookkeeping, and payroll needs. John specialized in small business and personal taxation and uses his knowledge, experience, and education to provide an advisory approach to each client’s unique needs.

Listen to this informative Better Business, Better Life episode with John Emshwiller

about benefitting your clients.

Here is what to expect on this week’s show:

● John explains that he is an enrolled agent and what that is vs a CPS.

● John discusses that he sometimes felt pressured into the business by his family.

● John and Terry talk about the importance of always continuing to learn.

● John explains that ‘book’ situations and ‘real life’ situations are not comparable.

Connect with John:

Home

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Better Business, Better Life: Building on Your Success with Terry DuPont Episode 038: The Power of Zero with David McKnight

David McKnight graduated from Brigham Young University with Honors in 1997. He has been featured in Forbes, USA Today, The New York Times, Fox Business, Bloomberg Radio, MarketWatch, CBS Radio, CNBC, Yahoo Finance, Nasdaq.com, Reuters, Investor’s Business Daily, Kiplinger’s and numerous other national publications. David was a Focus Speaker at the worldwide annual meeting of MDRT in Toronto, Canada and is a multiple Top of the Table qualifier. His bestselling book The Power of Zero has sold over 400,000 copies and the updated and revised version was published by Penguin Random House in 2018. This book was recently made into a full-length documentary film entitled The Power of Zero: The Tax Train Is Coming. When his follow-up book Tax-Free Income for Life launched in November of 2020, it finished the week as the #3 most-sold business book in the world. He and his wife Felice have seven children.

Listen to this informative Better Business, Better Life episode with David McKnight about The Power of Zero.

Here is what to expect on this week’s show:

● David discusses his book The Power of Zero.

● David talks about looking at the future of taxes and planning for those changes.

● David discusses his thoughts on ‘financial gurus’ – his next book.

Connect with David:

website – powerofzero.com

Twitter: @mcknightandco

Instagram: davidcmcknight

TikTok: @thepowerofzeropercent

Youtube: https://youtube.com/@DavidMcKnight

Linkedin: http://linkedin.com/in/thepowerofzero

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Better Business, Better Life: Building on Your Success with Terry DuPont Episode 037 Maximizing Business Value Through Early Planning with Bill Watson

Bill Watson has been a Financial Services professional in the Dallas Metroplex since 1985. His background is in business continuity planning, private retirement strategies and estate transfer planning. As a Registered Financial Consultant his primary focus is in assisting individuals and private business owners in the development and implement of “Safe Money Strategies” designed to protect and maximize the value of their assets for themselves and their families.

Listen to this informative Better Business, Better Life episode with Bill Watson about exit planning.

Here is what to expect on this week’s show:

● Bill stresses that exit planning should start well in advance to ensure that all aspects of the business are optimized for sale. This early start allows for addressing issues like key employee retention, partner relationships, family planning, and legacy considerations.

● Bill discusses the Value Builder Scoring System. The Value Builder Scoring System was introduced as a valuable tool for assessing a business’s worth and identifying strategies to enhance its value. Bill mentioned that focusing on factors like financial performance, growth potential, and customer satisfaction can significantly boost the business’s overall value.

● Legacy planning emerged as a crucial aspect for business owners to ensure the fair distribution of assets, maintain liquidity, and preserve their legacy. By considering elements like key employees, partner dynamics, family planning, and heirs, business owners can secure their legacy for future generations.

Connect with Bill:

Website: https://turtlecreekfinancial.com/

S.T.O.P. PowerPoint: https://docs.google.com/presentation/d/1BP_yrgi2IGjZv9fjiGdWUCrsnp63QM5m6XJCt2Z-mVQ/edit?usp=sharing

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Better Business, Better Life: Building on Your Success with Terry DuPont Episode 036 Transforming the Auto Recycling Industry with Troy Webber

Troy Webber is the third-generation owner of Chesterfield Auto Parts, a self-service auto recycling yard with 100 employees and three locations in Richmond. His new app, Yardsmart was created to help his business and others more efficient, and increase sales margins by automating auto recycling yards. As the only one of its kind worldwide, the cloud-based software as service subscription, Yardsmart is now available for subscribers and has been awarded the Innovation in Cloud Computing Award by RVATech in Richmond in 2022, after it was beta tested for two years.

Listen to this informative Better Business, Better Life episode with Troy Webber about auto recycling.

Here is what to expect on this week’s show:

● Troy discusses the auto recycling industry’s move towards a self-service model that emphasizes high volume, low margin operations and prioritizes recycling materials over selling parts. This shift marks a significant change in the industry, with more recyclers opting for this strategy to boost efficiency and sustainability.

● Troy explains Yardsmart is a cloud-based software created to help auto recycling yards become more efficient, increase sales margins, and automate processes. The software aims to secure a larger share of the self-service market and stay ahead of industry changes.

● Troy understands involving employees in the software design process and recognizing the importance of modern, cloud-based solutions, Yardsmart addresses unique challenges in the auto recycling industry.

● The future growth of Yardsmart involves expanding market share in the self-service industry by adapting to emerging technologies and collaborating with other software providers to enhance customer value.

● Staying updated with technology advancements is crucial in the automotive and software sectors to meet evolving consumer demands. Incorporating feedback from employees and users, as well as constantly improving and updating software like Yardsmart, are essential strategies to ensure innovation and meet the evolving needs of the auto recycling business.

Connect with Troy:

Yardsmart Website: yardsmartapp.com

Chesterfield Auto Parts Website: chesterfieldauto.com

LinkedIn: linkedin.com/in/troy-webber

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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Todd is an accomplished and board-certified estate planning and administration expert, certified by the Louisiana Board of Legal Specialization. Demonstrated success across various disciplines within tax law, including high net-worth estate planning, multi-generational wealth transfer planning, charitable planning, corporate business and tax compliance, wills and trusts, income tax planning, and business tax advisory services. Proven track record in client relationship management with a strong work ethic and a drive for superior-level success.

Listen to this informative Better Business, Better Life episode with Todd Villarrubia about tax strategies.

Here is what to expect on this week’s show:

● Todd’s journey into estate planning was influenced by personal experiences with family financial issues, leading him to specialize in tax law and estate planning. His expertise and board certification in estate planning set him apart in the field, with only a limited number of attorneys nationwide possessing similar credentials, making his services highly sought after for individuals with complex financial affairs.

● Todd discusses the importance of having a tax attorney for financial benefits and high-end strategies. Todd’s expertise in estate planning, with extensive testing and ongoing education requirements, sets him apart in the field.

● Todd stresses the importance of expertise in tax and estate planning to prevent costly mistakes and ensure smooth transitions for high net worth clients. With their extensive experience and unique skill sets, specialized attorneys can provide complex strategies for multi-generational wealth transfer planning that minimize tax liabilities and preserve family legacies.

Connect with Todd:

Website: https://lawealthplan.com

LinkedIn: https://www.linkedin.com/in/todd-villarrubia/

Connect with Terry:

Website: https://www.dupontadvisory.com/

LinkedIn: https://www.linkedin.com/in/terrydupont/

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