In this episode, Ryan Kolden, founder of Kolden Family Advisory, dives into essential strategies for business growth and wealth retention. From his journey as a young entrepreneur to a U.S. Navy officer and now a wealth manager, Ryan shares actionable insights for business owners looking to thrive. Discover how to optimize cash flow, reduce healthcare costs, implement non-qualified retirement plans, and prepare for a tax-efficient business exit.
Key Takeaways:
Cash Flow Mastery: Learn practical strategies to increase cash flow and reduce operational risks, including healthcare cost management and self-insurance.
Retaining Top Talent: Understand how non-qualified retirement plans can attract and retain key employees while offering significant tax benefits.
Exit Planning Excellence: Gain insights on creating a strategic, tax-efficient exit plan to maximize your business's value and secure your future.
🔗 Tune in to learn how to grow, scale, and protect your business for a profitable exit.
00:00 Understanding Business Failures and Cashflow
01:21 Introduction to The Risepreneur Podcast
02:04 Meet Ryan Kolden: From Navy to Wealth Management
02:40 Early Entrepreneurial Ventures and Financial Education
05:44 The Journey to Wealth Management
09:05 The Importance of Financial Management for Business Owners
11:53 Challenges in Business Financials and Exiting Strategies
15:11 Strategies to Increase Cashflow and Reduce Expenses
18:35 Healthcare Costs and Private Risk Pools
21:43 Self Insurance and Risk Management
28:54 Tax Benefits of Non-Qualified Plans
30:32 Retaining Top Talent with Non-Qualified Plans
35:07 Case Study: Retaining Key Employees
38:06 Importance of Proper Tax Planning
40:02 Exit Planning Strategies
43:28 Tax Efficient Business Exits
49:16 Entity Structuring for Tax Efficiency
54:09 Final Thoughts and Contact Information
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7 DEADLY BUSINESS EXIT MISTAKES YOU NEED TO KNOW BEFORE SELLING
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Connect Ryan Kolden through these platforms
️✉️Email: ryankolden@gmail.com
🌐Website: koldenwealth.com
💬Linkedin: https://www.linkedin.com/in/ryankolden/
📲 Instagram: https://www.instagram.com/ryanrkolden/?hl=en
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