Welcome back to the Inner Edison Podcast with your host, Ed Parcaut. Today, we have the pleasure of diving into a treasure trove of entrepreneurial wisdom with our esteemed guest, Scherrie L. Prince, calling in all the way from Flowood, Mississippi. Scherrie isn't just an attorney with over a decade under her belt; she's also an asset protection sage who turned her own financial hardships into powerful lessons for business owners everywhere.

In this episode, we'll unravel the essential "Entrepreneur's Estate Plan" and the vital difference between tax preparers and tax planners. Scherrie will share the critical insights on why operating your business with the end in mind could be your key to success, and how identifying the right asset protection team can make or break your business's longevity.

We'll also touch on the often-overlooked importance of establishing standard operating procedures, unravel the complexities of trust and estate planning, and the importance of trademarks in your business. Plus, Scherrie has a few cautionary tales and personal experiences that underscore the necessity of preparing for the unexpected, from cybersecurity threats to the pitfalls of partnership without proper agreements.

Get ready to learn why it's crucial to adopt a blueprint for your business that encompasses growth, sustainability, and the unavoidable factors that could lead to an "exit." Whether you're a seasoned entrepreneur or just starting out, this is one conversation you won't want to miss. Head over to Scherrie's website -- don't worry, it's directly under her name for ease of access -- to delve deeper into the topics we'll discuss today, and stay tuned as we ignite the spark of your Inner Edison. Alright, let's light it up!

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