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Why Traditional Financial Planning FAILS Entrepreneurs (And What to Do Instead)
Welcome back to Angels Exits and Acquisitions! We are joined by David Flores Wilson, Managing Partner at Sincerus Advisory. Named an Investopedia Top 100 Financial Advisor (2019 & 2020), David is a top financial strategist for entrepreneurs, tech professionals, and business owners. He helps clients build and protect their wealth, optimize business exits, and achieve financial freedom. Drawing on his unique background, including representing Guam in the 1996 Atlanta Olympic Games and an early career in investment banking, David brings a perspective focused on continuous improvement and strategic financial planning.
Key Points:
Traditional Financial Planning often overlooks the business as the entrepreneur's primary asset, potentially missing opportunities to reinvest where returns are highest.
Exit Planning is a valuable process years before a potential sale, helping owners increase business value, reduce reliance on the owner, and prepare for various exit options.
Effective Tax Strategies for high-income business owners and during exits involve proactive, multi-year planning considering entity types, deferral, credits, and pre/during/post-transaction techniques.
Timestamps:
(00:01) Introduction with Jeff Barnes and David Flores Wilson
(00:28) David's Background and Shift from Investment Banking to Financial Planning
(04:39) The Mindset of Continuous Improvement & Entrepreneurship
(16:50) Why Traditional Financial Planning Fails Entrepreneurs and the Business Asset
(27:28) Tax Strategies for High-Income Business Owners and Exits
Connect with David Flores Wilson:
Website: SincerusAdv.com
LinkedIn: in/David-FLores-Wilson-CFP
Connect with Jeff Barnes:
Website: https://www.jeffbarnes.ceo/
LinkedIn: https://www.linkedin.com/in/jeffpbarnes/
#ExitPlanning #FinancialPlanning #Entrepreneurship #BusinessOwner #WealthBuilding #TaxStrategies #FamilyBusiness #SincerusAdvisory #FinancialAdvisor #TechPros #StrategicPhilanthropy #EquityCompensation #SuccessionPlanning #HighIncome #FinancialFreedom
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By Jeff Barnes
4.9
1616 ratings
Welcome back to Angels Exits and Acquisitions! We are joined by David Flores Wilson, Managing Partner at Sincerus Advisory. Named an Investopedia Top 100 Financial Advisor (2019 & 2020), David is a top financial strategist for entrepreneurs, tech professionals, and business owners. He helps clients build and protect their wealth, optimize business exits, and achieve financial freedom. Drawing on his unique background, including representing Guam in the 1996 Atlanta Olympic Games and an early career in investment banking, David brings a perspective focused on continuous improvement and strategic financial planning.
Key Points:
Traditional Financial Planning often overlooks the business as the entrepreneur's primary asset, potentially missing opportunities to reinvest where returns are highest.
Exit Planning is a valuable process years before a potential sale, helping owners increase business value, reduce reliance on the owner, and prepare for various exit options.
Effective Tax Strategies for high-income business owners and during exits involve proactive, multi-year planning considering entity types, deferral, credits, and pre/during/post-transaction techniques.
Timestamps:
(00:01) Introduction with Jeff Barnes and David Flores Wilson
(00:28) David's Background and Shift from Investment Banking to Financial Planning
(04:39) The Mindset of Continuous Improvement & Entrepreneurship
(16:50) Why Traditional Financial Planning Fails Entrepreneurs and the Business Asset
(27:28) Tax Strategies for High-Income Business Owners and Exits
Connect with David Flores Wilson:
Website: SincerusAdv.com
LinkedIn: in/David-FLores-Wilson-CFP
Connect with Jeff Barnes:
Website: https://www.jeffbarnes.ceo/
LinkedIn: https://www.linkedin.com/in/jeffpbarnes/
#ExitPlanning #FinancialPlanning #Entrepreneurship #BusinessOwner #WealthBuilding #TaxStrategies #FamilyBusiness #SincerusAdvisory #FinancialAdvisor #TechPros #StrategicPhilanthropy #EquityCompensation #SuccessionPlanning #HighIncome #FinancialFreedom
Learn more about your ad choices. Visit megaphone.fm/adchoices