What’s Kenner French Thinking!

R. Kenner French and Brandon Hofer discuss the intricacies of cryptocurrency, focusing on yield farming and liquidity provision as viable investment strategies. They emphasize the importance of understanding the mechanics of crypto investments, the potential for high returns, and the role of masterminds in navigating the crypto landscape. The discussion also touches on the integration of crypto with traditional finance and the necessity of self-custody in managing crypto assets.

Takeaways

• Yield farming allows you to earn rewards on your crypto assets.

• Becoming a liquidity provider can generate significant income.

• Investing in blue chip cryptos can yield high returns.

• A conservative approach in crypto can still be profitable.

• Alternative asset classes, including crypto, can enhance portfolio returns.

• Mastermind groups provide valuable mentorship and community support.

• Self-custody is crucial for managing your crypto assets safely.

• Understanding the risks of crypto scams is essential for investors.

• The crypto market is evolving and integrating with traditional finance.

• Education and mentorship can simplify the complexities of crypto investing.

Sound Bites

• What's one way our listeners can make money with crypto?

• You can yield a farm with blue chip cryptos.

• You can take a conservative approach in crypto.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Bryce McKinley, a real estate expert and author, shares his personal journey and offers insights into real estate investing. He discusses the importance of having better conversations and the value of having a coach or mentor. Bryce also talks about his experience in the real estate industry, including wholesaling, fixing and flipping, and lending. He highlights the benefits of lending and using life insurance policies for investment purposes.

Overall, the conversation provides valuable advice for solopreneurs, entrepreneurs, and real estate investors. In this conversation, They discuss various topics including life insurance policies, AI integration, becoming a thought leader, and the importance of faith. Bryce shares his experience with using life insurance policies as a form of investment and income. They also touch on the use of AI in their respective businesses and the benefits it brings. Bryce talks about his journey to becoming a thought leader and the strategies he has used to secure speaking engagements. The conversation concludes with Bryce emphasizing the importance of faith and trusting in Jesus.

Takeaways

• Having better conversations and seeking coaching or mentoring can greatly benefit real estate investors.

• There are various avenues in real estate investing, such as wholesaling, fixing and flipping, and lending.

• Lending can be a profitable path in real estate investing, especially for those who prefer quick returns and control over their money.

• Using life insurance policies for investment purposes, such as leveraging the cash value, can provide additional financial opportunities.

• It is important to continuously learn and adapt in the ever-changing real estate industry. Life insurance policies can be used as a form of investment and income

• AI integration can revolutionize businesses and make processes more efficient

• Networking with speakers and hosts can lead to speaking opportunities

• Faith and trust in Jesus can provide guidance and purpose in life

Sound Bites

• I'm a true firm believer, a master practitioner of neuro-linguistic programming. I believe that everyone needs to learn to have better conversations and everyone needs a coach or a mentor in their life.

• I closed 23 houses my first 45 days and then 37 houses in my last, you know, 25, 30 days there in that 90 day period.

• I would probably focus on lending more than I would, you know, building some sort of transactional business.

• The bank, or sorry, the government is basically paying for him to invest in a life insurance policy that's his own bank and giving him income going forward. Pretty smart dude.

• Oh yeah, I actually really good friends with some of the founders of AI. And so we've incorporated a lot of that and helped them build that out all the while, you know, using that to make calls to sellers, follow up, you know, comments, things like that.

• Serve first, right? Zig Ziglar said it best. If you help enough people get what they want, you can have anything you want in life.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

This conversation is about the challenges and opportunities for solopreneurs. Kenner discusses the changing landscape of entrepreneurship and the desire for more freedom and flexibility. They emphasize the importance of community and support for solopreneurs, as well as the need for proper planning and goal-setting. The conversation also touches on the role of AI in supporting solopreneurs and the benefits of being part of a community. Kenner shares their own experiences and the tools they have developed to help solopreneurs succeed.

The conversation focuses on the importance of customer retention and onboarding in solopreneurship. It emphasizes the value of keeping existing customers happy and engaged, as well as the benefits of automating the onboarding process. The conversation also touches on the significance of clearly communicating who you help and how you help them on your website. Kenner discusses the structure and offerings of Joe's solopreneur community, including free events, a Facebook group, and future plans for a paid tier. They also mention the potential for affiliate partnerships and the goal of providing valuable resources and support to solopreneurs.

Takeaways

• Solopreneurs seek freedom and flexibility in their work.

Community and support are crucial for solopreneurs to succeed.

• Proper planning and goal-setting are essential for solopreneurship.

• AI can provide valuable insights and support for solopreneurs.

• Being part of a community can lead to collaboration and growth. Customer retention is crucial in solopreneurship, as acquiring new customers can be expensive.

• Automating the onboarding process can help set expectations and improve customer satisfaction.

• Clearly communicate who you help and how you help them on your website to attract the right audience.

• Offering free events and a community platform can provide value and support to solopreneurs.

• Consider affiliate partnerships to expand your offerings and generate additional revenue.

Sound Bites

• If you're a solopreneur and need a community, you are talking and hearing the right group right now.

• We're looking for people that want to build a business that serves their life.

• People now want to be solopreneurs. They want to be able to work when they want to work, make a couple of bucks and travel when they want to travel.

• If you get a customer, keep the customer, it's expensive to get new customers.

• If something happens, if people make a big deal out of it, it feels like something special.

• Onboarding is really, really important. We neglected that for a lot of years and now we're adopting that much more.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Kenner and Liliana discuss Einstein, their proprietary artificial intelligence model used for CRM and business automation. They explain how Einstein improves customer service, streamlines workflows, and enhances the client journey.

Kenner shares his decision to integrate Einstein into their business and offers advice for entrepreneurs looking to leverage AI. They also mention the inclusion of AI and Einstein as topics in their community, Basketball Exclusive.

Takeaways

• Einstein is a proprietary artificial intelligence model used for CRM and business automation.

• It improves customer service and streamlines workflows.

• Entrepreneurs can leverage AI to keep costs low and enhance service levels.

• Learning about and integrating AI can help businesses stay ahead of the competition.

• AI and Einstein are topics discussed in the Basketball Exclusive community.

Sound Bites

• What is Einstein? It's our proprietary model based on artificial intelligence.

• Einstein is the foundation on which all of our business sits.

• Subtle changes our clients will see: Our website now sits on the Einstein platform.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Kenner discusses strategies for lowering tax liability when selling a business. He introduces the concept of a 453A tax referral strategy, which allows business owners to defer taxes on the sale of their company by extending when they receive the money. He explains the process of a monetized installment sale, where the seller receives a tax-free loan nearly equal to the selling price and the buyer receives the asset.

He compares the benefits of a regular tax transaction to a 453A transaction and highlights the potential savings for sellers. He emphasizes the importance of working with experienced advisors and starting early to maximize the value of the business.

Takeaways

• The 453A tax referral strategy allows business owners to defer taxes on the sale of their company by extending when they receive the money.

• A monetized installment sale involves the seller receiving a tax-free loan nearly equal to the selling price and the buyer receiving the asset.

• Comparing a regular tax transaction to a 453A transaction can reveal significant savings in tax liability for sellers.

• Working with experienced advisors and starting early in the process can help maximize the value of the business and minimize tax liability.

Sound Bites

• Selling a business and want to keep your tax liability as low as possible, listen up because you're going to be happy you did.

• You're not paying taxes on the sale of your company, you're extending when you take receipt of the money.

• 453A allows you to postpone the tax bill and receive cash at the close nearly equal to the selling price.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Anne and Kenner discuss various topics related to cryptocurrency and qualified plans. They explore the possibility of contributing depreciated Bitcoin into a qualified plan, the complexities of investing in crypto within a qualified plan, and the advantages of using a 401k C Corp combo. They also touch on the lack of education and awareness around these topics and the importance of working with professionals who understand the intricacies of qualified plans and asset protection.

Anne mentions her involvement with the Guardian Academy, an educational organization that helps entrepreneurs and business owners connect with the right people and gain valuable knowledge and insights.

Takeaways

• Contributing depreciated Bitcoin into a qualified plan requires a cash transaction and cannot be done directly.

• Investing in crypto within a qualified plan involves buying the crypto in the name of the plan and selling it if it depreciates.

• A 401k C Corp combo allows individuals to fund their own company using their qualified plan assets.

• There is a lack of education and awareness around using qualified plans for investing in crypto and starting a business.

• Working with professionals who understand qualified plans and asset protection is crucial for maximizing benefits and minimizing risks.

• The Guardian Academy is an educational organization that helps entrepreneurs connect with the right people and gain valuable knowledge and insights.

Sound Bites

• The more you learn, the more you realize you don't know.

• Crypto as far as taxes. It's a very smart thing to do sometimes.

• I can contribute real estate as its cash value. But right now, regulation just kind of hasn't caught up with that.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Kenner and Megan discuss the importance of focusing on client retention and customer experience to achieve a high return on investment (ROI). They highlight that many businesses spend a lot of money on marketing and client acquisition, but neglect the importance of keeping clients longer.

Megan shares her background in education and coaching, emphasizing the need to pay attention to the customer journey and provide a positive onboarding experience. They also discuss the significance of communication and teamwork within a company to ensure a client-centric approach.

Takeaways

• Focusing on client retention and customer experience can lead to a higher ROI than spending money on marketing and client acquisition.

• The biggest profit or money-making problem for businesses is often not client acquisition, but rather keeping clients longer.

• Providing a positive onboarding experience is crucial to set clients up for success and ensure their expectations are met.

• Over-communicating with clients during the onboarding process can help build trust and simplify their journey.

• Creating a client-centric company culture and involving the client services team in meetings can enhance the overall customer experience.

Sound Bites

• Huge ROI, huge, huge ROI.

• Your problem isn't client acquisition. You already have a full pipeline.

• Let's turn our attention to keeping our clients longer.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

R. Kenner French interviews Leslie Hassler, a seasoned entrepreneur and consultant, about the intricacies of scaling a business from seven figures to eight figures. They discuss the importance of viewing taxes as a privilege of profit, the necessity of tailored marketing strategies, and the significance of empowering teams for growth.

Leslie shares insights on financial strategies, client engagement, and the transformative impact of effective consulting. The conversation concludes with a call to action for entrepreneurs to take steps towards their business goals and a special offer for listeners to receive a free book.

Takeaways

• Seeing taxes as a privilege of profit is crucial.

• Entrepreneurship involves on-the-job training and resilience.

• Tailored marketing strategies are essential for business growth.

• Growth devours cash; managing cash flow is vital.

• Empowering teams can lead to significant business improvements.

• A business audit is the first step in consulting engagements.

• Success stories illustrate the potential for transformation.

• Taking action, even imperfectly, is better than inaction.

• Small businesses are the backbone of the economy.

• Continuous learning and adaptation are key to success.

Sound Bites

• Taxes are a privilege of profit.

• Entrepreneurship is on-the-job training.

• We help our owners manage their teams effectively.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

VastSolutionsGroup.com is undergoing major changes to improve their services for business owners. They are introducing a new system called Einstein, upgrading their studio and phone system, and creating a one-stop shop for entrepreneurs. They aim to help small business owners navigate the competitive marketplace and provide services in tax, finance, and artificial intelligence.

They are also launching the Vast Vault community to offer affordable support and consultation. The changes will enhance customer service, communication, and access to resources.

Takeaways

• Vast Solutions Group is making significant changes to improve their services for business owners.

• The new system, Einstein, and upgraded studio and phone system will enhance customer service and communication.

• They are creating a one-stop shop for entrepreneurs, offering services in tax, finance, and artificial intelligence.

• The Vast Vault community will provide affordable support and consultation for small business owners.

Sound Bites

• We are changing every single element of our business.

• We're going to make it so, and by the way, who are we?

• Everything's not only under one roof, but we're all talking to help that client going forward.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Many small business owners are not taking advantage of the R&D tax credits available to them, which can significantly lower their tax liability. These tax credits are available to businesses in any industry that are engaged in research and development activities. The credits can be used to reduce federal income tax and payroll tax. Additionally, some states offer their own R&D tax credits.

Small business owners who are using AI and technology in their businesses should especially consider taking advantage of these credits. It is important to work with a tax professional who is knowledgeable about R&D tax credits to ensure eligibility and maximize savings.

Takeaways

• Many small business owners are not aware of or taking advantage of R&D tax credits.

• R&D tax credits can significantly lower tax liability for businesses in any industry.

• Small business owners using AI and technology should especially consider taking advantage of R&D tax credits.

• Working with a tax professional who is knowledgeable about R&D tax credits is important to ensure eligibility and maximize savings.

Sound Bites

• My guess is you're a small business owner who was walking over money.

• The government is giving people who are doing technology money by R&D credits and people are not taking advantage of it.

• I love going back and saving entrepreneurs money based on really what they didn't know they could have done years ago.

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!