The 7 Biggestfinancialmistakes Made By Successful Entrepreneurs: And What To Do About Them
by Bruce Frankel /
2017 / English / EPUB
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It seems logical that successful entrepreneurs must have optimized finances. Theyve got the nice house and the boat and the tropical vacation they must know what they are doing and have the best experts watching out for their interests. Unfortunately, despite their success in business, their finances are often a mess.
As a Certified Financial Planner, Bruce Frankel has seen it all. In his new book, he details the 7 biggest mistakes hes seen from his clientssuccessful owners, shareholders, and executives of closely held small to medium-sized businessesover the years:
Choosing the wrong advisor team
Inappropriate entity choice and structuring
A shortsighted tax strategy
Failing to create a business continuity plan
Inadequate protection from wealth predators
Following the conventional wisdom of Wall Street
Failing to plan for a business transition
Frankel explains how, through strategic financial planning and with a team of trusted and collaborative experts, entrepreneurs can protect and grow their wealth for their legacy. After they have transitioned from the business, the company will continue to thrive, and they can ensure that their familyand their communityare properly cared for.
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