In this conversation, Norm Westervelt, CEO of Wealth Factory, discusses the concept of economic independence, emphasizing its importance for entrepreneurs. He defines economic independence as more than just financial security, highlighting the need for personal clarity on what it means to each individual. The discussion covers navigating uncertainty in business, the mindset of self-reliance, and the importance of cashflow optimization. Norm shares actionable strategies for entrepreneurs to prepare for the future, emphasizing the significance of investing in team dynamics and maintaining a proactive approach to planning.