Entrepreneur Aligned Podcast

A question we are frequently asked is, "When will the next recession be?" We all know that the business cycle is real and that the next recession will eventually be here. However, we have no idea when it will occur and with what severity. We don't know because the global financial system is incredibly complex and difficult to predict. This doesn't mean that we don't go through mountains of financial data (we do), and try to get some leading indicators to help us better understand what is likely to happen. Even so, we never know for sure. So if this group of highly educated financial professionals who have made an entire career out of doing this work at a high level doesn't know for sure, it means that nobody else really does either.

So what should our response to the unknown be as entrepreneurs? In today's episode of the Entrepreneur Aligned Podcast, I'll go over a simple framework you can use to examine your own unique scenarios. These scenarios will focus on liquidity and how you can manage the risks of the environment turning against you.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

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Subscribe to our YouTube channel

Connect on LinkedIn

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REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

Often entrepreneurs neglect their physical health. Our businesses and families require so much from us to succeed and be the entrepreneurs, fathers, and mothers we aspire to be. Time always feels short and the same drive that makes us successful can also leave little time to focus on our physical health. I make the argument that if there are three legs on the stool of the entrepreneurial life, one of them must be physical health with the other two being entrepreneurship and close connection with the people you love. Without our physical health we end up being less able to succeed as the leaders, spouses, and parents we seek to be.

When time and energy are limited, how do we develop a plan for our physical health as an entrepreneur? In today's episode of the Entrepreneur Aligned Podcast, I'll go over the three keys in developing your own personal fitness plan...

1. Develop goals that motivate you

2. Create a physical fitness strategy that suits your individual needs

3. Build a nutrition strategy that works for you

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

For many business owners, the process of getting a business valuation feels like a black box. You give your valuation expert your financials and out pops a number, right? How do you know what goes into that number and whether it is accurate?

This week's episode the Entrepreneur Aligned Podcast is intended to shed light on that black box so that you can understand the key value drivers for your valuation. When we work with our clients, the focus is not only on the valuation number or, better yet, anticipated valuation range. We focus on what is driving that value and how can the owner improve their value. There are three key areas of business value that we typically highlight for our entrepreneurs: transition risk, demand index and quality of financials.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

What happens when your business is not performing financially as well as you thought it would? What happens when that underperformance means that some of your family priorities are not met? When these things happen, you can either increase the amount of owner benefit being withdrawn, take on debt or sell some or all of the equity in the business. In this week's episode of the Entrepreneur Aligned Podcast, Jarrod dives into each path.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

Entrepreneurship is about generating wealth without a direct connection to your time. Building things that run without you and continue generating cash flow without you being there is what creates the time flexibility we are all seeking.

The leap that we all must make is from being self-employed to truly sitting in the seat of the entrepreneur. So how do we go about making that jump? The answer is found in the term "leverage". In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses the four types of leverage you can use to increase your time flexibility as an entrepreneur: labor, financial, code and network.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

What do we mean when we talk about risk management? As entrepreneurs, our job is to make sure that our businesses and personal lives have no singular failure points. Some of the biggest risks we face are around the two broad terms of "business continuity" and "liability risk".

In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses these two types of risk, the impact they can have on your personal planning, and how to protect yourself and your family in the years ahead.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

One of the frequent questions asked by our entrepreneur families is, "What are the best trips that other clients are taking?" Because we get to hear about some truly amazing adventures from our clients, we here at Entrepreneur Aligned are effectively trip advisors as well as financial advisors.

The entrepreneur families we know are always looking for ways to maximize the time they spend away from their businesses and want to make the most of family travel time. Over the past few years, we have heard most of our clients talk about these four primary travel tools: self-booking or using a travel agent, Airbnb, Inspirato, and Wander. In this week's episode, Jarrod reviews these travel tools and discusses their major differences.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

This week, I want to respond to a question we often receive from entrepreneurs who are meeting us for the first time. Many times, they ask us, "How should I evaluate whether working with you is worth what I pay for your services?"

Great news! We have an easy way to calculate our value based on three quantifiable areas, each of which is based on increased merit when compared to you doing things yourself:

* How much time do we save our clients, and what is their hourly rate for their business?

* How much more do investors working with an advisor receive in investment returns than those doing it themselves?

* How much value does tax planning add?

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

Why do many entrepreneurs insist on working with the same financial team they started with years ago? The skills needed to solve problems for a household with $100,000 of income, $1 million or $10 million are different. Protecting $1 million of wealth, $10 million and $100 million should change, because the threats to keeping those levels of wealth change. The tax code and the challenges it presents are drastically different at different levels of wealth. In today's episode of the Entrepreneur Aligned Podcast, Jarrod breaks down the continuum of financial professionals into five levels: from those that help you get started to those who help you administer generational wealth.

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.

The things we regret are those that are left untried. How often have you thought about that business that is just screaming to be built? How often have you written it off because you just do not have the time for it? In this week's episode of the Entrepreneur Aligned Podcast, Jarrod goes over these four key elements for running multiple businesses successfully:

#1 - You need operational leverage in your primary business before allocating time to another one.

#2 - You need to clarify how you will get from the startup phase to your operational leverage in the second business.

#3 - What does your financing structure look like for the second business and what is the risk profile for the businesses, in combination?

#4 - Who can you learn from to shorten your learning curve in the second business?

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ABOUT JARROD

Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn't working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.

WANT TO LEARN MORE?

Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.

Wealth Digest - weekly articles delivered to your inbox!

Subscribe to our YouTube channel

Connect on LinkedIn

Follow on Twitter

Follow on Instagram

Check out our Linktree

REACH OUT TO US!

If you have a question or simply want to talk through your financial planning, we are here to help.

SEND US A MESSAGE or call 720-715-7570

DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.