Join Richard Walsh and Vince Perri as they explore Vince's entrepreneurial journey from a public adjusting firm to business brokerage. They tackle challenges in the insurance industry, leveraging YouTube for growth, and the importance of planning exit strategies. Discover insights on building a sellable business, strategic hiring, and using the Profit First methodology. Vince shares tips on maintaining a consistent routine, healthy lifestyle, and the benefits of eliminating alcohol. Learn about family motivation, financial literacy for children, and strategies for diversifying revenue streams and embracing fearlessness in business.
(0:00) Introduction and Vince Perry's Entrepreneurial Journey
(1:04) Discovering and Starting a Public Adjusting Firm
(2:07) Challenges and Opportunities in the Insurance Industry
(3:21) Leveraging YouTube for Business Growth
(4:28) Transition to Business Brokerage and Building a Sellable Business
(7:15) The Importance of Exit Strategy Planning
(9:18) Book Recommendation and Owner-Independent Business Value
(14:50) Navigating Business Sales and Earn-Out Agreements
(16:08) Trends and Financial Considerations in Business Sales
(19:29) Growth and Tax Strategies for Businesses
(23:15) Strategic Hiring and Payroll Management
(27:26) Personal Financial Struggles and Profit First Methodology
(31:40) The Role of Coaches and Incorporating Thinking Time
(37:08) Consistent Routines and Healthy Lifestyle Benefits
(41:06) Eliminating Alcohol for Enhanced Performance
(43:22) Fitness, Discipline, and Morning vs Afternoon Gym Crowds
(45:35) Family Motivation through Fitness and Homeschooling
(48:06) Training Children for the Marine Corps and Financial Literacy
(57:14) Leading by Example and Empowering Employees
(1:00:14) Investing in Employee Growth and Workplace Success
(1:02:17) Mindset for Business and Personal Success
(1:03:05) Preparing Your Business for Sale and Treating it as a Product
(1:04:42) Diversifying Revenue Streams and Seeking Guidance
(1:06:46) Taking Action and Following Proven Systems
(1:09:18) Embracing Fearlessness in Business and Overcoming Setbacks
(1:11:12) Closing Remarks and Gratitude