Expert Guest Steve Strum joins Host Michelle Page on Go Go GROW to ask and answer the question – “If you are making money just to pour it back into your business and reinvest, reinvest, reinvest, reinvest, are you making money?”

As a Wealth Management Advisor, Steve shares critical concepts around generating wealth, not just revenue, by getting take to ensure your business not only generates income, but generates wealth by getting out of the QB position, engaging expert coaches and advisors to manage the “on field” activity, and strategically sitting in the owner’s box.

Key concepts and takeaways:

🔑 Business Financial Readiness: prepare for unexpected risks AND opportunities

💼 The 60/20/20 Financial Concept: effectively manage your revenue and financial planning

📉 The Ultimate Business Team Strategy: what three key experts do you NEED on your team?

💵 The QBI tax deduction 199A expires next year – what tax moves can you make?

“It is so critically important because, especially for the smaller organizations, or if you have a lot of employees that rely on you, or if you're the only breadwinner for your family, if something happens to you that's going to seriously impact the finances of your business, you've got to protect that.” ~ Steve Strum

"Your personal finances are completely intertwined with your business finances. Completely. What you need to do is think about the concept of profit management." ~ Michelle Page

Resources Shared in this Episode

⭐ QBI 199A Tax Deduction: https://www.irs.gov/newsroom/qualified-business-income-deduction

⭐ The E Myth Revisited – book by Michael E. Gerber – “work ON your business not IN your business”

⭐ Scale Faster with Top to Bottom, Side to Side Organization Wide Strategy https://youtu.be/nGXJeaj6bQM

⭐ Upcoming GGG episode with CPA Richard Veltre, The Veltre Group

Connect with Michelle! RevenueChasers LLC michelle@revenuechasers.com https://www.linkedin.com/in/michelleconklepage

https://www.revenuechasers.com https://www.youtube.com/@RevenueChasers https://www.gogogrowshow.com https://www.youtube.com/@GoGoGROWPodcast

Connect with Steve ! stephen.strum@nm.com 904-505-8852

https://www.northwesternmutual.com/financial/advisor/stephen-strum https://www.linkedin.com/in/stephencstrum-financialadvisor